shipping News

With Ship Now Freed, a Probe Into Suez Canal Blockage Begins

SUEZ, Egypt (AP) — Experts boarded the massive container ship Tuesday that had blocked Egypt’s vital Suez Canal and disrupted global trade for nearly a week, seeking answers to a single question that could have billions of dollars in legal …

Suez Canal Works to Clear Backlog as Shipping Convoys Resume

ISMAILIA, Egypt — The Suez Canal expects 140 ships to pass on Tuesday after the freeing of a container ship stranded for nearly a week allowed it to reopen, but experts warned that disruptions to global shipping and at ports …

Suez Canal Steps Up Efforts to Remove Blockage, Shipping Rates Surge

CAIRO, March 26 — The Suez Canal stepped up efforts on Friday to free a stuck mega vessel, after an earlier attempt failed to end a blockage that has lifted shipping rates for fuel tankers and disrupted global supply chains …

‘Beached Whale’ Ship Could Block Suez Canal for Weeks

ISMAILIA, Egypt — A container ship blocking the Suez Canal like a “beached whale” may take weeks to free, the salvage company said, as officials stopped all ships entering the channel on Thursday in a new setback for global trade. …

Rogue Captain’s Mid-Ocean Detour Tips Investors to Crisis at Sea

Terence Tsai started hearing about the growing labor crisis in shipping in a roundabout way. First, in March, an official at a ship management company in Hong Kong let slip that a captain had purposefully diverted a vessel under its …

Piracy Surge Off West Africa Draws Maersk Call for Action

The world’s biggest shipping company demanded a more effective military response to surging pirate attacks and record kidnappings off the coast of West Africa. The number of attacks on vessels globally jumped 20% last year to 195, with 135 crew …

Ship Insurers Primed to Raise Rates After Red Sea Attacks

LONDON — Insurers are set to raise the cost of providing cover for merchant ships through the Red Sea after a series of incidents that have hit vessels around Saudi Arabian waters, industry sources said. The possibility of more attacks …

China’s Bohai Bay Energy Terminals on Alert as Sea Ice Slows Ships

BEIJING/SINGAPORE — Chinese ports and marine safety authorities are on high alert as an expansion of sea ice makes it tougher for ships to berth and discharge at key energy product import terminals along the coast of northern Bohai Bay. …

Longest Arctic Sailing Season Tops Off a Year of Climate Disasters

Thinning ice in the Arctic Ocean made this year’s navigation season for natural gas tankers the longest on record, the latest sign that the pace of climate change is accelerating in the Earth’s northernmost latitudes. The Northern Sea Route, stretching …

‘External Source’ Causes Oil Tanker Blast Off Saudi Arabia

DUBAI, United Arab Emirates (AP) — An oil tanker off Saudi Arabia’s port city of Jiddah suffered an explosion early Monday after being hit by “an external source,” a shipping company said, suggesting another vessel has come under attack off …