ocean shipping
Navis to Acquire Assets From Biarri Rail
Navis has reached an agreement to acquire assets from freight railroad software developer Biarri Rail, the company announced Feb. 20.
February 21, 2020Diesel Fuel Market Stable as IMO Mandate Takes Hold
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One month after the International Maritime Organization’s mandate prohibiting the use of heavily polluting bunker fuel in cargo and cruise ships began, oil industry analysts said the diesel fuel market is stable.
January 28, 2020Perspective: Green Shipping on the Big Blue Sea
Shipping companies are taking steps to adapt to rising sea levels and make themselves greener.
January 7, 2020Shipping Industry Proposes Fund to Tackle Carbon Emissions
BERLIN — A global shipping industry organization is proposing a research and development program to help cut carbon dioxide emissions, funded by about $5 billion from shipping companies over a decade.
December 18, 2019Energy Experts Remain Cautious About Price Hikes as IMO Mandate Looms
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The price of low-sulfur diesel is expected to surge in the near future as a mandate that cargo ships dramatically cut sulfur emissions takes effect.
October 23, 2019Iceland Builds Arctic Port as Global Shipping Routes Get Redrawn
A national flag is seen on the hull of a commercial fishing vessel moored in the harbor in Reykjavik, Iceland (Arnaldur Halldorsson/Bloomberg News)
As global warming creates shipping routes that can cut across the northern tip of the planet, a new port is being built on the fringe of the Arctic circle.
April 11, 2019Maersk Tests Biofuel as It Sets Sail for 2050 Carbon Neutrality
Kristian Helgesen/Bloomberg News
A.P. Moller-Maersk A/S is about to conduct the shipping industry’s biggest test yet of biofuel as it seeks to cut emissions and meet its target of becoming carbon-neutral by 2050.
March 22, 2019Yilport Said to Be in Talks for $2 Billion California Terminal
Port of Long Beach (Tim Rue/Bloomberg News)
Turkey’s Yilport Holding AS is in advanced talks to buy a container terminal in Long Beach, Calif., a deal that would value the facility at close to $2 billion, people with knowledge of the matter said.
March 22, 2019Shipping Lobby Proposes Phased Start to Historic Fuel Change
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The shipping industry is pressing for a phased start when new rules governing vessel fuel take effect in less than 16 months’ time.
September 25, 2018Steamship Line Hapag-Lloyd Raises Fees
Patrick Fallon/Bloomberg News
Steamship line Hapag-Lloyd will increase fees to transport freight to the United States and cross-border freight from Canada. Cargo between Canada and the United States will be subject to a carbon tax.
February 20, 2018