cargo News

Ships Get Older and Slower as Emissions Rules Bite

LONDON —If shipping is the beating heart of global trade, its pulse is about to get slower. Faced with uncertainty about which fuels to use in the long term to cut greenhouse gas emissions, many shipping firms are sticking with …

At Least 49 Dead in 2nd Day Of Bangladesh Cargo Depot Fire

DHAKA, Bangladesh (AP) — A massive fire at a container depot near a port city in southeastern Bangladesh killed at least 49 people, including nine firefighters, and injured more than 100 others, officials and local media reported Sunday, as efforts …

Russian Oil’s Achilles’ Heel: Insurance

LONDON/NEW DELHI/TOKYO —Russia has so far deflected much of the impact of sanctions on its oil trade but the insurance industry threatens to throw a spanner in the works unless Moscow and its customers can plug a gap left by …

East Coast Ports Rushed to Attract Mega Ships. Now, One Is Stuck Outside D.C.

The $5.25 billion expansion of the Panama Canal doubled its capacity in 2016, allowing the world’s largest cargo ships to sail more easily to America’s East Coast from Asia. Now, one of those giant vessels has been stuck near the …

War in Ukraine Puts Shipping’s Recovery in Jeopardy

Russia’s ongoing invasion of Ukraine has the shipping industry bracing for new shocks to its labor force, which relies on experienced crew from both countries. Ukrainian and Russian seafarers make up nearly 15% of the industry’s 1.9 million seafarers and …

Sovcomflot’s Tankers Find Refuge in the Bahamas Amid Growing Sanctions

HOUSTON —At least three tankers controlled by Russian maritime powerhouse Sovcomflot FLOT.MM that have been unable to deliver their cargoes due to Western sanctions have re-routed to the Bahamas, vessel tracking data showed on Monday. Russian state-owned Sovcomflot was blacklisted …

As Ukraine Evacuates Trapped Seafarers, Foreign Mariners Count Cost of War

LONDON/DHAKA —Bangladeshi seafarer Asiful Islam recalls the moment when a missile struck his cargo ship last week off the Ukrainian port of Olvia, killing his crew mate. “I was just 15 feet away when it hit our ship. Our third …

Countries Seek UN Meeting Over Shipping Dangers After Ukraine Invasion

LONDON/ATHENS —Over 15 countries have called for a special meeting with the UN’s shipping agency to discuss the safety of ships and their crews sailing through the Black Sea and Sea of Azov after Russia’s invasion of Ukraine and growing …

Fire Subsides on Huge Cargo Ship Adrift in Mid-Atlantic

LISBON, Portugal (AP) — A fire aboard a ship carrying cars in the mid-Atlantic is dying out, a Portuguese navy officer said Tuesday, and the huge vessel is expected to be towed to the Bahamas. The blaze on the Felicity …

Burning Cargo Ship is Adrift in Mid-Atlantic Without Crew

LISBON, Portugal (AP) — A burning car transport ship drifted in the mid-Atlantic on Thursday after the huge vessel’s 22 crew members were evacuated due to the blaze, the Portuguese navy said. Shipping in the area was warned that the …