A bitter dispute between the Panama Canal and a Spanish-led consortium of construction companies over the spiraling cost of expanding one of the world's busiest waterways was years in the making.
Hong Kong has maintained its status as the world's freest economy, a distinction that it has achieved for 20 consecutive years. The nomination was made in the 20th anniversary edition of the Index of Economic Freedom, published jointly by The Heritage Foundation and The Wall Street Journal.
Advanced emissions monitoring of large ships calling at EU ports could help save owners and operators of large ships up to 9m Euro ($12.2m) a year, according to a new study published by sustainable transport group T&E.
A.P. Moller-Maersk has agreed to sell substantial stakes in Denmark's largest retailer and a department store chain, as the shipping and oil conglomerate slims down to boost performance.
Egypt has invited 14 consortia to bid for a chance to say how they would develop the Suez Canal area, aiming to attract more ships and revenue to shore up the country's finances.
China Daily reports that the value of trade in China's goods in 2013 is set to exceed that of the U.S., making the world's second-largest economy the world's top trader for the first time in the modern era.
The U.S. Environmental Protection Agency is announcing the availability of $4m in grant funding to establish clean diesel projects aimed at reducing emissions from marine and inland water ports, many of which are in areas that face environmental justice challenges.
China is handing out new subsidies for buying ships to help its beleaguered shipbuilders, confounding a government pledge to reduce support for sectors with over-capacity in order to reform the economy.
Driven by rising domestic demand in China and by increased intra-Asian and so-called South-South trade, international seaborne trade performed relatively well in 2012, with volumes increasing by 4.3 percent, reaching 9.2 billion tons for the first time ever, according to the United Nations Conference on Trade and Development's Review of Maritime Transport 2013 reports.
Gas supplies at the southern French hub of Marseille are running dangerously short on a dearth of liquefied natural gas (LNG) deliveries, cold weather and low stocks at the onset of winter, pushing prices there to among the highest in the world.
