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FMC Increases Reporting for Carriers as Shippers Call for More Action

The Federal Maritime Commission is continuing to enhance its oversight efforts designed to scrutinize the business policies of the leading ocean carriers. The FMC’s...

Russia’s Gazprom to use Nord Stream 2 system capacity for domestic market

Russia’s Gazprom said May 5 it would use the onshore capacity in Russia designed to flow gas into the Nord Stream 2 system to...

Costamare Inc. Reports Nearly Double First Quarter Net Income, Has Covered 100% of 2022 and 95% of 2023 Available Days

Costamare Inc. reported unaudited financial results for the first quarter ended March 31, 2022 (“Q1 2022”). I. RECORD PROFITABILITY IN A FIRST QUARTER SINCE NYSE...

Global LNG imports up 4.5% on post-COVID demand surge in 2021 -importer group

Global imports of liquefied natural gas (LNG) grew 4.5% in 2021 from the previous year, supported by a surge in post-COVID industrial demand, especially...

GXO Logistics poised to embark on M&A hunt

Contract logistics provider GXO Logistics Inc. is ramping up a mergers and acquisitions program that will focus on North America and continental Europe, the...

China lockdowns and war impact container volume, capacity and prices at ports in Europe

According to a recent analysis by Container xChange, Europe is facing container shortage as a result of two macro-level disruptions – the lockdowns in...

Chile underscores cruising’s importance, new facilities coming to southern ports

Infrastructure improvements are coming in southern Chile at Puerto Williams, where Silversea will homeport next season, and at Punta Arenas as the country affirms...

ARKLOW bulk carrier aground, Parana river

Bulk carrier ARKLOW SPRAY ran aground in Parana river off Ramallo, Argentina, at 0640 LT (UTC -3), while sailing downstream en route from Arroyo...

Drewry: Multipurpose Time Charter Index Expected to Retreat in May

The Drewry Multipurpose Time Charter Index tracks one-year period charter rates across a basket of vessel types and sizes and forecasts the market movement...

Baltic index hits over 1-month peak on stronger capesize, panamax rates

The Baltic Exchange’s main sea freight index rose to an over one-month high on Thursday, boosted by higher rates for capesize and panamax segments. The...
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