The bulk carrier, Yi Peng 3, is currently anchored just outside of Denmark’s territorial waters, with vessels from Sweden, Denmark and Germany monitoring it. 

BIMCO says it continues to add to its portfolio of carbon clauses to support the industry, as the shipping industry faces an increase in decarbonization regulations.

November 19 marked a year since Houthi rebels attacked the British-owned Galaxy Leader cargo ship as it moved through the Red Sea, taking its crew hostage.

The Norsepower Rotor Sails use a small amount of electricity to spin cylindrical sails to harness the Magnus effect, an aerodynamic principle that generates thrust from wind.

Investigators say that the Chinese bulk carrier Yi Peng 3  left a Russian port on November 15, and was passing through the area of each cable at the time they were damaged.

Canada’s Industrial Relations Board ordered a resumption of operations at all affected Canadian ports from the morning of November 16.

This year, the LA and Long Beach ports, which together account for roughly a third of all U.S. container imports, have seen their busiest ever peak season.

Russia terminated its export targets at the end of May 2024, opting instead to restrict production, in line with its partners in the OPEC+ oil producers’ group.

Former Republican congressman from Wisconsin Duffy was a co-host on Fox Business, and also a former cast member of the MTV show “The Real World.”

The China-backed megaport has the potential to create whole new trade routes that will bypass North America entirely.