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WebPort of Oakland Advances $642 Million Harbor Widening Project for Larger Ships
6+ hour, 49+ min ago (594+ words) The Port of Oakland and U.S. Army Corps of Engineers have signed a design agreement for a $642 million project aimed at making it easier for larger containerships to maneuver at one of the busiest ports on the U.S. West Coast. The agreement,…...
Ships Turn to Makeshift Armor as Black Sea Attacks Surge
2+ day, 7+ hour ago (752+ words) A drone view shows the Russian-flagged general cargo ship Omskiy-107 aground off the coast of Sile in Istanbul, Turkey, September 1, 2026. REUTERS/Murad Sezer ISTANBUL, Sept 2 (Reuters) – Tankers and cargo ships are transiting the Bosphorus strait adorned with nets, water tanks…...
Panama Canal Congestion Drives Gas Tankers To Unusual Routes
6+ day, 6+ hour ago (493+ words) The Liberia-flagged cargo ship Maria Y transits the Cocoli Locks at the Panama Canal, in Panama City, Panama, March 13, 2026. REUTERS/Enea Lebrun Aug 28, 2026 (Bloomberg) –Growing congestion at the Panama Canal is forcing some gas tankers into unusual journeys, from a…...
CMA CGM Joins $434 Million Expansion of Saudi Arabia’s Jeddah Port
1+ week, 2+ day ago (496+ words) Red Sea Gateway Terminal and CMA CGM Group have agreed to invest an initial $434 million to develop a new container terminal at Saudi Arabia’s Jeddah Islamic Port, adding up to 2.6 million TEUs of annual capacity. The companies signed definitive agreements…...
Höegh Autoliners Orders Six More Aurora Class Car Carriers
1+ week, 2+ day ago (462+ words) Höegh Autoliners is expanding its Aurora class newbuilding program with an order for six additional vessels, taking the series to 18 ships with the potential to grow to as many as 26. The Norwegian car carrier operator said the six dual-fuel LNG,…...
Cost to Ship a VLCC Through Hormuz Hits $20 Million, TotalEnergies CEO Says
1+ week, 4+ day ago (263+ words) By Mitchell Ferman and Alex Longley (Bloomberg) — The cost of shipping oil cargoes on a supertanker through the Strait of Hormuz is about $20 million, the boss of TotalEnergies SE said, underscoring the wide margins to be made by traders and…...
Transpacific Container Rates Surge as Carriers Cut Capacity
2+ week, 1+ day ago (463+ words) Global container spot rates rose for a second straight week as tighter capacity and resilient demand pushed Transpacific prices sharply higher, according to Drewry. The Drewry World Container Index increased 4% this week to $4,526 per 40-foot container, with gains on routes…...
Port of Los Angeles Nears 1 Million TEUs in Second-Busiest July
2+ week, 3+ day ago (613+ words) The Port of Los Angeles handled nearly 1 million containers in July, extending a run of historically strong cargo volumes even as an early peak shipping season begins to wind down. The nation’s busiest container port processed 960,464 twenty-foot equivalent units (TEUs)…...
Container Rates Extend Gains as Carriers Tighten Transpacific Capacity
3+ week, 1+ day ago (461+ words) Drewry’s World Container Index rose for a second straight week, with higher transpacific rates outweighing declines on Asia-Europe trades as carriers continue to manage capacity amid widespread supply chain disruption. The Drewry World Container Index rose for a second consecutive…...
Ship Pays $4 Million to Cut the Line at Panama Canal
3+ week, 3+ day ago (355+ words) By Lucia Kassai and Ruth Liao (Bloomberg) — A container ship paid $4 million to cut the line at the Panama Canal, where wait times are stretching more than a week, as vessels seek alternative routes because of the Iran war. The…...