Steve Parker, director general of the British International Freight Association (BIFA) joined Marcus Baker, global head of marine, cargo and Logistics at Marsh to deliver the opening address at the Cargo Insurance London conference. Addressing the reasons behind, and problems caused, by under or uninsured cargoes, Parker and Baker focused on the amount of cargo […]
On Monday, the Office of the U.S. Trade Representative held its first hearings on a plan to charge the owners of Chinese ships an additional fee for every port call in the U.S., ranging up to $3.5 million for each instance. If enacted as described, the fee structure would increase shipping costs, critics say […]
U.S. and Russian negotiators have wrapped up their first day of talks on a Black Sea ceasefire, according to Russian media. The Saudi-hosted conversation in Riyadh lasted 12 hours, and the details of the results should be released tomorrow in a joint statement. Diplomats from most Black Sea nations were not present, but Ukrainian […]
Crowley has named Jenny Fuss as its chief financial officer, leading all of the company’s financial strategies and operations to enhance economic performance and business growth. With more than 20 years of experience as an executive for global institutions, Fuss brings to Crowley’s Senior Leadership Team extensive expertise in management and analysis using data-driven […]
Senior members of the Trump administration, including the secretary of defense, accidentally texted the Pentagon’s future war plans for bombing strikes in Yemen to a journalist whom they had invited into a group chat. The White House has confirmed that the conversation was authentic, acknowledging that some of the most well-known names in the Trump […]
The Port Authority of New York and New Jersey and Maersk’s APM Terminals have agreed to a 33-year lease extension for the port’s second-largest container terminal. The company plans to make significant investments in the terminal located in Elizabeth, New Jersey in support of the port’s long-term growth plan. According to the port, the lease […]
Two of Japan’s leading shipbuilders, Onomichi Dockyard and Tsuneishi Shipbuilding, have taken the unusual step of partnering to develop designs for a new dry bulk carrier. The project sought to leverage the experience and expertise of each yard to advance the design concepts for a vessel they are calling Bingo 42 (Beyond Innovation, Navigating Green […]
The first LR1 tanker has been fitted with a combined system from Value Maritime to capture carbon emissions while also scrubbing exhaust gas for particulate matter. The tanker, Nexus Victoria (75,000 dwt) is also reported to be the largest vessel to incorporate Value Marine’s SOx scrubber with advanced carbon capture technology. The installation was […]
The introduction of FuelEU Maritime (FEUM) in January 2025 represents one of the most comprehensive pieces of regulation designed to directly mitigate the carbon intensity of maritime operations. Working in tandem with the EU’s existing ETS regulation, FEUM comes with significant penalties for non-compliance and has the ability to make a tangible impact on the maritime […]
Japan’s Mitsui O.S.K. Lines is moving forward to become one of the first of the major carriers to incorporate ammonia-fueled vessels into its fleet. MOL is joining with CMB.Tech which launched a project in 2023 to build the first ammonia-fueled large dry bulker carriers and will also expand ammonia as a fuel to its chemical […]
The Coast Guard in Taiwan reports it detained a Chinese ship it called a “three-no” barge meaning it did not have a name, homeport, or registration when inspected. It is the latest in a series of incidents as tensions remain high and Taiwan has vowed to increase its monitoring of Chinese vessels entering restricted areas. […]
UK Prime Minister Sir Keir Starmer has stated that he is “deeply concerned” and “there are questions” after Heathrow Airport’s shutdown last Friday. The airport was closed to all flights until 6pm on the day after a fire at a nearby electricity substation, resulting in more than 1,000 flights being cancelled. Speaking on Monday, Sir […]
