ocean shipping News Updates

Business, Safety, Logistics

Analysts: US Transport Better Prepared for Red Sea Disruptions

The U.S. transportation sector is in a better position to handle disruptions from the Red Sea with efforts to improve capacity amid a slowdown in freight, according to experts.

February 20, 2024
Government, Business, Safety, Logistics

FMC: Sanctions Against Yemen Should Be Considered

Federal Maritime Commissioner Carl Bentzel says his office wants the U.S. government to investigate whether economic sanctions are warranted against Yemen.

February 14, 2024
Government, Business, Safety, Logistics

Buttigieg, Shipping Stakeholders Discuss Red Sea Tensions

Transportation Secretary Pete Buttigieg held two private meetings with stakeholders to discuss shipping, regional navigation and supply chain issues in the Red Sea and Gulf of Aden.

February 9, 2024
Government, Business, Safety, Logistics

Shipping Officials: Supply Chain Equipped to Deal With Attacks

The world’s critical shipping lanes are facing a group of modern-day “Barbary pirates” with the recent violence in the Red Sea, according to Federal Maritime Commissioner Carl Bentzel.

February 8, 2024
Government, Business, Fuel, Logistics

Europe’s Diesel Supply Chain Threatened by High Freight Costs

A surge in shipping costs due to turmoil in the Red Sea is pressuring Europe’s diesel supply chain, contributing to a sharp jump in fuel prices.

January 26, 2024
Government, Business, Safety, Fuel, Logistics, Global Freight

Red Sea Chaos Starting to Impair Profits Across Industries

With the Red Sea crisis roiling shipments of everything from cars to energy, it’s a matter of time before soaring costs and supply chain strains show up in companies’ earnings reports.

January 23, 2024

House GOP Urges Biden to Protect Supply Chain

Senior House Republicans on a transportation committee urged the Biden administration to prevent potential disruptions to the country’s supply chain.

January 18, 2024
Business, Safety, Fuel, Logistics

Global LNG Fleet Avoiding Red Sea With More Tankers Diverted

The global LNG tanker fleets appear to have stopped using the Red Sea and Suez Canal, as continued Houthi attacks on ships reroute flows of the power-station and heating fuel.

January 17, 2024
Government, Business, Safety, Logistics, Global Freight

How the Red Sea Conflict Is Crimping Global Trade

The attacks on commercial ships in the Red Sea by Houthi rebels have rerouted most of the trade normally flowing through the crucial maritime artery for consumer goods and energy supplies.

January 12, 2024
Business

60 Seconds: Port Leaders Enter 2024 With Cautious Optimism

The shipping industry is keeping a watchful eye on developments in Panama Canal, Middle East. Story by Dan Ronan.

January 9, 2024