The Northern Route OSLO, Norway—The hits to global shipping just keep coming. With the Iran-backed Houthi rebels in Yemen still taking shots at commercial vessels in the Red Sea, traffic there is down almost 60 […]
Worsening port congestion has removed more than 2% of container vessel supply since March, according to a new report from Bank of America, citing Singapore, Dubai and the Mediterranean as congestion hot spots, while Asian […]
The 13,000-teu LNG-powered containership, CMA CGM Sao Paolo, has joined CMA CGM’s large fleet of LNG-fueled vessels. China’s Hudong-Zhonghua said in a statement it has handed over the LNG-powered containership to the French shipping giant […]
Mitsui OSK Lines (MOL), Japan’s largest shipowner, has expressed its confidence in its self-developed wind propulsion system, announcing today plans to install its Wind Challenger hard sail on a further seven dry bulk and multipurpose […]
BEIJING, May 22 (Reuters) – China’s breakneck build-out of solar power, fuelled by rock-bottom equipment prices and policy support, is slowing as grid bottlenecks pile up, market reforms increase uncertainty for generators, and the best […]
LONDON, May 22 (Reuters) – The London Metal Exchange (LME) copper price hit a record nominal high of $11,104.50 per metric ton on Monday. The London market is playing catch-up with its U.S. peer CME […]
Two unidentified merchant vessels have reported an attack off Yemen. Maritime security consultancy Ambrey said it received a report that a ship was suspiciously approached 68 nautical miles southwest of Yemen’s port city of Hodeidah […]
Raw materials are the great overlooked in the global technological competition. In 1992 the father of China’s economic revolution, Deng Xiaoping, said that ‘the Middle East has the oil, but China has the rare earths’. […]
The refloat and transit of the stricken Dali containership from its current location to a terminal in Baltimore is slated for Monday morning. Optimum conditions call for the transit of the 9,962 teu ship to […]
A fact sheet posted on the White House website this week announced that U.S. President Joe Biden is directing his trade representative to increase tariffs under Section 301 of the Trade Act of 1974 on […]
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