Finland said last week it detained a ship that may be from Russia's shadow fleet of oil tankers as part of a probe into a damaged undersea cable.
Panama charges tariffs for vessels traveling through the iconic waterway, with fees varying by size and purpose.
FedEx will spin off FedEx Freight as a new, publicly traded company over the next 18 months, it said on Thursday.
The Volgoneft 212 and Volgoneft 239 vessels were damaged during a heavy storm on Sunday.
The Houthi threat in the Red Sea and Gulf of Aden means some shipping companies are diverting ships around Africa, increasing costs significantly.
The satellite data was transferred to the Houthis through Iranian Revolutionary Guard Corps members in Yemen, per The Wall Street Journal's sources.
Ship-tracking data shows a growing number of cargo vessels and tankers sitting at anchor near US East Coast ports as dockworkers strike.
US port disruptions from the ongoing strike could impact the imports of major retailers like Walmart and Ikea the most, Import Genius data show.
The USMX employers association says it's willing to continue the old technology agreement, but the ILA labor union says the terms were already broken.
About 40% of agricultural exports ship in containers move through the East and Gulf Coast ports, according to the National Grain and Feed Association.
The work stoppage at US East and Gulf Coast ports will probably affect the availability of a grab bag of goods, ranging from bananas to auto parts.
A strike at shipping docks along the East and Gulf coasts is set to begin Tuesday. It could cause delays across industries and prompt price hikes.
The Ruby, loaded with 20,000 tons of ammonium nitrate, was barred from docking by Lithuania and Malta due to its potentially explosive cargo.
Rebuilding efforts for the Francis Scott Key Bridge illuminate the problems of declining infrastructure and what can be done to improve it.
Congress needs to pass a spending bill by September 30 to avoid a partial government shutdown. Dockworkers and ports must strike a contract by the same date.
Neom's $10 billion joint venture with Danish transport company DSV has been delayed by missing regulatory approvals, Bloomberg reported.
Tech
2024-05-15T07:00:01Z
Greek startup Harbor Lab offers a SaaS platform for shipping companies to manage their port call spend across their fleet.
Freight giant JB Hunt saw its stock tank 13% on Wednesday after badly missing profit and sales estimates for Q1.
Play Icon
A triangle pointing right. It indicates that this type of media can be played or that the linked content is playable.
Military & Defense
2024-04-16T17:29:00Z
Play icon
A circle surrounding a triangle pointing right. It indicates, "this type of media can be played."
Yemen's Houthi militia is attacking commercial ships in the Red Sea, and a US-led task force is fighting back. These are their weapons and tactics.
Rafaela Aponte-Diamant cofounded MSC, one of the world's largest shipping companies. Forbes estimates she's worth $33 billion, and so is her husband.