There’s been increased consolidation pressure in the industry due to a slump in freight rates during the pandemic, when carriers ordered a record number of ships to meet demand.

Currently, large ships are required to slow down at certain times to avoid collisions, which is a leading cause of death for the giant North Atlantic right whales.

The problems presented by nuclear energy as an alternative shipping fuel are less about the technology itself, and more about operational feasibility.

The warning is the most direct criticism yet from the Trump administration of Peru’s close ties to China, which is the South American nation’s top trading partner.

DP World's CEO corresponded with Epstein for more than a decade after Epstein’s jail sentence in 2008 on charges that included procuring a minor for prostitution. 

Once airborne, the P-12's drag drops sharply, cutting energy consumption by about 80% compared with conventional vessels.

No injuries were reported, and the Bangkok Express has since left the port, while the K. Lotus has remained docked to repair damage that it sustained to its mooring system.

The initiative will be rolled out in phases, with the state-backed consortium focused first on acquiring and operating container vessels to serve key trade routes.

While reopening the vital trade route is generally viewed as a positive for the freight industry, it could also have some other unintended impacts on freight rates.

The two ports near the strategic Panama Canal have emerged as a geopolitical flashpoint between the U.S. and China.