Shipping Companies Reach $97M California Oil Spill Agreement
CALIFORNIA : Shipping companies will pay nearly $97 million to settle a lawsuit with a pipeline operator over a 2021 oil spill off the coast of Southern California, the pipeline company said Wednesday. Amplify Energy, the Houston-based
Shippers prepare for another pandemic crunch of holiday gifts
NEW YORK : Nearly 3.4 billion parcels are expected to crisscross the country this holiday season, representing an estimated increase of about 400 million compared to last year. The last holiday season was far
Several ships trapped in ice after Arctic sea freezes early near Russia
An early and unexpected freeze has trapped at least 18 cargo ships in the Arctic Sea off the coast of Russia. Ice up to 30cm thick has formed across most of the Laptev Sea and East Siberian seas. In years
ZIM announces new service to link Indian Subcontinent and East Mediterranean
HAIFA : The Israeli container carrier ZIM has announced the launch of its new upgraded service connecting the Indian Subcontinent and the East Mediterranean (ZMI). ZIM will solely operate the new service, using four
Sweet Taste of Success : MSC GHANA wins COCOA AWARD
GENEVA : MSC Ghana has been named Shipping Line of the Year by the Ghana Cocoa Board. The award recognises the achievements of MSC in meeting the country’s growing demands for its primary export
Diana Shipping commences self Tender Offer to purchase up to 3,529,411 Shares
GREECE : Diana Shipping, a global shipping company specializing in the ownership of dry bulk vessels, announced the commencement of a tender offer to purchase up to 3,529,411 shares, or about 4.0%, of its
Shipping Logjam is forcing major companies to rethink their Manufacturing Hubs in Asia
NEW YORK : Major clothing and shoe companies are moving production to countries closer to their U.S. and European stores, smarting from a resurgence in cases of the Delta variant of the coronavirus in Vietnam
Record Number of Cruise Ships Scrapped at Alang in the Past 12 Months
The demolition yards at Alang, India received a record number of cruise and passenger ships in the past 12 months. While none of the major cruise brands have sent one of their ships directly