shipping News

Big Wheat Growers Are Starting to Hoard Supply

The wheat market is starting to get shaken up by the ,. Panic buying of food might have largely eased at grocery stores, but governments are beginning to get more serious about securing supplies of key staples like grains. From …

Insurers Chartering Flights to Ship Gold to Ease Supply Logjam

Insurance firms have started covering charter flights to carry gold, helping to ease logjams in the bullion supply chain that caused prices to diverge sharply in different markets, the London Bullion Market Association said on Thursday. Gold is usually moved …

Tests Raise Alarms Over Fuel Blends Coming for Ocean-Going Vessels

HOUSTON — As a global clean-fuel mandate takes effect Jan. 1, testing companies examining newer, low-sulfur marine blends acquired in Antwerp, Belgium; Houston and Singapore have found sediment at levels that could damage the engines of ocean-going vessels. Routine tests …

Shipping Industry Sails into Unknown with New Pollution Rules

LONDON — Faced with imminent new global marine pollution rules, shipping companies and insurers are puzzling over the risks. To reduce emissions of toxic sulfur that cause premature deaths, shipowners who have long relied on the dirtiest residues of oil …

Viewpoint: The Wrong Way to Fight Porch Pirates

One consequence of America’s Cyber Monday shopping binge is the imminent arrival of $9.4 billion worth of merchandise on the nation’s doorsteps. And that will cue the annual cries of frustration about porch pirates — along with a raft of …

UPS Found Liable For Shipping Contraband Cigarettes In New York, but Damages Reduced

A federal appeals court found United Parcel Service Inc liable to New York state and New York City for shipping hundreds of thousands of cartons of untaxed cigarettes, but reduced its payout for damages and unpaid taxes to about $97.6 …

Shipping Fears Linger That Fuel Switch May Lead to Accidents

The global shipping industry is about to undergo one of the biggest changes in its recent history with concerns lingering about just how safe the shift is going to be. Starting in January, vessels the world over will have to …

Gulf Tanker Incidents May Raise Shippers’ Costs, Cut Traffic

Seizures of oil tankers and other hostile Iranian measures in the Strait of Hormuz are already raising insurance rates for shipping companies and could eventually reduce tanker traffic in the vital waterway, with a spike in global oil prices a …

Seeking to Avoid Escalation, Ships Deploy Unarmed Guards to Navigate Gulf

LONDON — Shipping companies are hiring unarmed security guards for voyages through the Middle East Gulf as an extra safeguard after a wave of attacks in the region, security companies involved said. Relations between Iran and the West are increasingly …

How to Sink the Pirates Plaguing West Africa: Viewpoint

Remember those Somali pirates? Earlier this decade, they brazenly hijacked giant oil tankers, demanded ransoms in the millions of dollars, and gave Tom Hanks yet another chance to play the everyman overcoming a life-defining crisis. Now, thanks to a multinational …