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Fees are having "negative impact" on the fair, efficient and reliable movement of ocean cargo, according to a new report from the Federal Maritime Commission.
Rickmers, which manages the ship for Maersk said Iranian navy fired "warning shots" at Marshall Islands-flagged Maersk Tigris.
Lower bunker prices are a temporary windfall that won't last, according to predictions from Boston Consulting Group.
U.S. Naval Forces Central Command has begun accompanying U.S.-flagged maritime traffic in the Strait of Hormuz.
Shanghai Index shows rates have increased to the West Coast, but are still below the TSA recommendation.
Acquiring the Norwegian bulk liquid transport and logistics service provider will allow HOYER to expand its petroleum solutions business in Northern Europe.