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Ocean Transportation: Page 2

Turkey Says Cargo Ship Likely Sunk After Tanker Collision

Rescue teams are searching for 10 missing crew members from the cargo ship Tugberk Imamoglu.

Photo: iStock / sandsun

Trump Admin Accuses COSCO of Spying for Chinese Government

Anonymous senior White House officials claim that COSCO has operated an intelligence collection program with the Chinese government spanning decades.

Photo: iStock/Sjo

Vessel Pays Record $5.3M Fee to Transit Panama Canal

The priority transit slot was sold to South Korean LPG carrier G. Spirit on September 1, beating the previous record of $4.6 million set in August.

Panama Canal, Panama. Photo: iStock / Marina113

Hormuz Hostilities Pick Up as Two Tankers Reportedly Struck

While no one claimed responsibility for the attacks, the reports followed a resumption of tit-for-tat strikes between the U.S. and Iran.

Vessels anchored in the Strait of Hormuz, near Khasab, Oman, in May. Source: AFP/Getty Images

Panama Canal Congestion Drives Gas Tankers to Unusual Routes

The biggest impact has been on wider Neopanamax vessels, which are typically used to ferry LPG from the U.S. Gulf Coast to Asian customers.

An LPG vessel and a container ship navigate the Agua Clara locks of the Panama Canal near Colon, Panama. Photographer: Walter Hurtado/Bloomberg

Yusen Terminals Extends Lease at Port of Los Angeles

Yusen Terminals will invest $200 million in zero-emission cargo handling equipment as part of the deal.

Photo: iStock/halbergman

South Korea Trials Arctic Shipping Route

South Korea is looking to test the route as part of a push to establish regular Arctic shipping between Busan and Europe by 2030.

Photo: iStock / Jean Landry

Ukraine Grain Exports Snarled by Danube Ship Backlog

The bottleneck has only grown more severe in recent weeks, with ships arriving at the Sulina Canal faster than authorities can move them through.

Cargo Ship on the Danube River. Photo: iStock.com/tepic

Panama Canal to Limit Vessel Traffic as Drought Sets In

This is only the second time the canal has ever imposed restrictions on daily transits, with rainfall in the region between May and August coming in 34% below average.

Photo: iStock / Ceri Breeze

Iran, Oman Agree to Share Strait of Hormuz Revenue

Tehran has said any normalization of traffic would hinge on the U.S. complying with the terms of a memorandum of understanding signed in June.

Photo: Bloomberg

Iran, Oman Push Talks for ‘Interim’ Reopening of Hormuz Strait

The initiative seeks to establish a “temporary joint maritime corridor” and project for mine clearance to restore safe navigation through the area.

Ships anchored in the Strait of Hormuz near Larak Island, Iran. Photographer: Majid Saeedi/Getty Images

Commercial Wind Propulsion Picks Up Around the World

One clear sign the technology is gaining credibility is that there will be 40 IWSA members at the upcoming SMM trade fair in September in Hamburg.

Canopée, equipped with collapsible wings, combines diesel propulsion and wind assistance. Photo: International Windship Association

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