Tag - shipping

 
 

SHIPPING

Workers build a scaffolding platform during construction at the Yamal LNG plant, operated by Novatek, in Sabetta, Russia, in August 2018.
BUSINESS
Jun 29, 2025
Russia tries again to expand LNG exports upended by sanctions
Since the 2022 invasion of Ukraine, Russian gas pipeline exports to Europe have dwindled, and shipping more fuel via seaborne LNG tankers provides an attractive revenue stream.
The Strait of Hormuz separating Iran (top) from the United Arab Emirates and Oman (bottom) as seen from the International Space Station in 2021. More than half of the oil imported by East Asia passes through the Strait, experts estimate.
BUSINESS / Economy
Jun 24, 2025
Asian countries most vulnerable to Strait of Hormuz blockade
Japanese customs data showed 95% of crude oil imports last year came from the Middle East.
An Iranian military ship takes part in an annual drill in the coastal area of the Gulf of Oman and near the Strait of Hormuz, Iran, in this picture obtained in December 2022.
WORLD / Politics
Jun 23, 2025
China criticizes attack on Iran as U.S. asks Beijing for trade route help
Beijing "strongly” condemns the attacks on Iran, according to a four-sentence statement from the Foreign Ministry on Sunday.
Protesters, predominantly Houthi supporters, burn Israeli and U.S. flags as they demonstrate in solidarity with Palestinians and Iran, amid the Iran-Israel conflict, in Sanaa, Yemen, on Friday.
BUSINESS / Markets
Jun 23, 2025
How a cornered Iran could wreak havoc on global oil trade
Iran has over the years threatened multiple times to shut the Strait of Hormuz — a narrow stretch of water through which a fifth of the world’s oil supply flows each day.
Smoke rises from a fire aboard the cargo vessel Morning Midas as seen from a U.S. Coast Guard C-130J Super Hercules, approximately 480 kilometers south of Adak, Alaska, on Tuesday. The ship's cargo consists of around 3,000 cars, including 800 electric vehicles.
ASIA PACIFIC
Jun 5, 2025
Ship carrying EVs abandoned in Pacific after catching fire
The Morning Midas' cargo consists of about 3,000 cars, including 800 electric vehicles.
Laleli's informal shipping scene, once a bustling hub of cross-continental trade, is now facing growing pressure from rising costs and tougher residency rules imposed by Turkish authorities.
BUSINESS
Jun 3, 2025
Tough residency rules and Chinese competition squeeze Istanbul's 'suitcase trade'
Shipments have dropped, even as Turkish exports to Africa have generally soared — from $11.5 billion in 2017 to $19.4 billion last year.
The Eagle S oil tanker is seen near a Finnish border guard ship and tugboat off the Porkkalanniemi Peninsula in the Gulf of Finland in December. Finland seized the Russian-linked vessel on suspicion it damaged undersea cables amid growing concerns over sanctions evasion and maritime security.
COMMENTARY / World
Jun 2, 2025
Braving the storm: It’s time to board Russia’s shadow fleet
European sanctions against the Kremlin’s oil vessels are futile without actual enforcement.
Nippon Yusen, Japan's biggest shipper, believes there will probably not be another decline in bookings impacted by U.S. tariffs this year.
BUSINESS / Companies
May 30, 2025
Top Japan shipper sees orders recovering as trade tensions ease
Nippon Yusen saw a robust recovery in container shipping orders following an easing in tensions between the United States and some of its trading partners this month.
Australia is looking to regain control of the Port of Darwin from Landbridge Group, a Chinese company, without jeopardizing improved relations with Beijing.
ASIA PACIFIC / Politics
May 29, 2025
With Port of Darwin, Australia hopes to avoid a repeat of Panama Canal
Canberra is looking to regain control of the port from a Chinese company without jeopardizing improved relations with Beijing.
The container terminal at Bremerhaven port in Bremerhaven, Germany, on April 22
BUSINESS
May 26, 2025
Europe’s shipping bottlenecks expected to persist into July
"Port delays are stretching transit times, disrupting inventory planning and pushing shippers to carry extra stock," said maritime consultancy Drewry.
Mitsui O.S.K. Lines President and CEO Takeshi Hashimoto speaks during an interview in Tokyo in April.
BUSINESS
May 23, 2025
Japanese gas tanker giant sees difficulty buying Chinese vessels
Washington has issued a flurry of measures since President Donald Trump took office aimed at curbing China’s maritime dominance and reviving its own flagging shipbuilding industry.
Mitsui OSK Lines' owned and managed North Moon, North Ocean and North Light LNG vessels have been included in a new sanctions package targeting Russia's shadow fleet.
BUSINESS / Companies
May 21, 2025
Mitsui OSK assessing EU sanction impact on its LNG vessels
MOL's owned and managed North Moon, North Ocean and North Light LNG vessels were included in a new sanctions package.
A bulk carrier arrives at the Port of Los Angeles on April 28.
BUSINESS / Markets
May 13, 2025
China tariff relief spurs shipping rush and price hike U-turns
The temporary tariff relief means that U.S. companies will try to quickly ship out products that were being held in factory warehouses in China.
According to earnings reports released by Thursday, net profit is forecast to fall 47.7% to ¥250 billion at Nippon Yusen K.K., 60% to ¥170 billion at Mitsui O.S.K. Lines and 67.3% to ¥100 billion at Kawasaki Kisen Kaisha.
BUSINESS / Companies
May 9, 2025
Three major Japan shipping firms expect sharp falls in profit
The companies are projecting a drop in the transport of autos and other goods due to U.S. tariff measures.
The global shipping industry is also contending with U.S. measures beyond the barrage of levies.
BUSINESS / Markets
May 7, 2025
World’s trade superhighway feels strain from U.S.-China decoupling
Among signs of disruption are plunging fees, fewer services and a pall of uncertainty over what for decades has been one the main maritime highways of the global economy.
Container ships at the Port of Los Angeles on April 7. U.S. President Donald Trump has long argued that China’s dominant role in the maritime industry has made the U.S. overly dependent on the Asian nation.
BUSINESS
Apr 18, 2025
Trump moves to levy Chinese vessels in trade war shakeup
The proposal follows a monthslong investigation ordered by the Biden administration into whether Chinese shipbuilding threatens U.S. national security.
Cargo ships are loaded with containers at the port of Bangkok on April 3.
WORLD / Politics
Apr 10, 2025
U.S. exits carbon talks on shipping and urges others to follow
A State Department spokesperson confirmed that Washington would not be "engaging in negotiations" at the U.N.'s International Maritime Organization.
U.S. Secretary of Defense Pete Hegseth (left) talks with Panama Canal Authority Administrator Ricaurte Vasquez during a tour of the Miraflores locks, in Panama City, Panama, on Tuesday.
WORLD / Politics
Apr 9, 2025
U.S. will not let China disrupt Panama Canal: Pentagon chief
U.S. Defense Secretary Pete Hegseth said the U.S. and Panama together would "take back the Panama Canal from China's influence" and keep it open to all nations.
A woman looks at cranes and shipping containers from an observation platform at Pyeongtaek port in Pyeongtaek, South Korea, on April 2.
BUSINESS / Markets
Apr 9, 2025
Trump optimistic after call about tariffs with South Korea
South Korea's trade minister is traveling to Washington to meet U.S. Trade Representative Jamieson Greer for tariff negotiations.
Workers build an expanded breakwater at San Antonio Port in Chile on March 13.
ENVIRONMENT
Apr 5, 2025
Rising seas test defenses of South American ports
The state-run port, which handles 1.7 million containers annually, is frequently lashed by swells several meters high as climate change wreaks havoc.

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