ocean shipping News Updates

On both coasts, the nation’s ports continued their record pace for container volumes in March as goods keep coming into the U.S., nearly 14 months into the COVID-19 pandemic.

Lingering congestion at the nation’s major ports is likely to continue throughout the summer and possibly later into the year, said Daniel Maffei, the new chairman of the Federal Maritime Commission.

Despite pandemic challenges, the companies ranked on the Transport Topics 2020 Top 50 Global Freight Carriers list have adjusted their operations to keep pace with ever-changing market conditions.

The organization responsible for setting global environmental standards for shipping approved rules designed to curb the industry’s carbon emissions, triggering criticism that its measures won’t do enough to help tackle climate change.

Amid these dramatic swings in demand, ports have continued to pursue infrastructure improvement projects.

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.

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.

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.