Granholm’s Call to Build US Fuel Stockpiles Is a Losing Proposition
US Energy Secretary Jennifer Granholm’s call on fuel suppliers to build inventories has just one problem: It’s a losing proposition.
Imports to Largest US Port Drop, Hinting at Weaker Demand
The number of containers arriving at the busiest US port of Los Angeles dropped by the most since the early days of the Covid-19 pandemic…
OSM Sees Continued Growth and Momentum
Parcel powerhouse sees momentum building into 20th year of business.
Warren Urges DOT to Block JetBlue’s $3.8 Billion Spirit Deal
Senator Elizabeth Warren urged federal airline regulators to block JetBlue Airways Corp.’s proposed merger with Spirit Airlines Inc. by invoking a rarely used authority from…
FedEx Miss Is Worst Deutsche Bank Analysts Have Seen in 20 Years
Wall Street analysts didn’t mince words in discussing FedEx Corp.’s forecast for the current quarter -- which missed by a landslide -- and its withdrawal…
FMC’S Bentzel Explains Proposed Maritime Transportation Data Initiative
U.S. Federal Maritime Commissioner Carl Bentzel says that he hopes to win the approval from maritime stakeholders for new data transparency standards organized under the…
Adani to Inject $2.5 Billion in Cement Arm Son Will Now Helm
Billionaire Gautam Adani will inject 200 billion rupees ($2.5 billion) into a cement firm and get his son to oversee this newly acquired business, as…
Damen delivers complete mission equipment package for KOEM multipurpose vessel
Owned by the Korean Marine Environment Management Corporation (KOEM), the newbuild combines emergency oil spill recovery activities with maintenance dredging tasks.
Concordia Maritime announces sale of three P-MAX vessels
The sale is expected to have a positive liquidity effect of approximately USD 30 million. The surplus will be used for repayment of loans.
Port of Long Beach Has Second-Busiest August
Progress made in moving cargo off the docks as consumer spending slows
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