Tighter Western sanctions on shadow vessels have rattled the market, and prompted operators to leave these ships idle at sea.

12 European countries are demanding checks on proof of insurance from suspected shadow vessels as they pass through the Baltic Sea and the English Channel.

The Suez Canal is a vital source of foreign exchange for the $380 billion Egyptian economy, whose currency slid to a record low in the past month.

Three Panamanian ex-presidents and Mexico’s new president, Claudia Sheinbaum, expressed solidarity with Mulino.

Trump accused Panama of charging "exorbitant" fees to transit the canal, while stating that he will not let the waterway fall into the "wrong hands." 

The sale, subject to regulatory approval, will secure 1,000 jobs at Harland and Wolff’s four shipyards, including at the iconic one that built the Titanic in Belfast, Northern Ireland.

The letter urges Buttigieg to implement a program of building a fleet of zero-emission vessels that will incorporate alternative (near-zero-carbon) fuel systems.

The FuelEU Maritime regulation comes into effect on January 1, and requires a 2% reduction in the greenhouse gas intensity of energy used by vessels.

The FLOW program also now accounts for 75% of all U.S. container imports, as well as 80% of the country's container terminal capacity. 

Rotor sails are still relatively rare for vessels, and the success of wind technologies in general will ultimately depend on whether they’re able to save shippers money.