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Marine World
CMA CGM Joins $434 Million Expansion of Saudi Arabia’s Jeddah Port
Red Sea Gateway Terminal and CMA CGM Group have agreed to invest an initial $434 million to develop a new…
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Marine World
Panama Canal Auction Hits New Record at $5.3 Million
By Ruth Liao, Lucia Kassai and Nicholas Lua (Bloomberg) — A shipper needing to transit the Panama Canal bid a record…
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Marine World
Port of Los Angeles Nears 1 Million TEUs in Second-Busiest July
The Port of Los Angeles handled nearly 1 million containers in July, extending a run of historically strong cargo volumes…
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Marine World
Supertanker Pays Record $4.6 Million to Skip Panama Canal Line
An empty gas supertanker paid a record $4.6 million to skip the line at the Panama Canal next week as…
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Marine World
Trump’s Third ‘Big Beautiful’ Gulf Lease Sale Draws $82.7 Million in High Bids
The Trump administration’s third “Big Beautiful” offshore oil and gas lease sale generated $82.7 million in high bids Wednesday, marking…
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Marine World
Ship Pays $4 Million to Cut the Line at Panama Canal
By Lucia Kassai and Ruth Liao (Bloomberg) — A container ship paid $4 million to cut the line at the Panama…
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Marine World
Trump Administration Says Gulf Oil Flows Recover to 15 Million Barrels a Day
U.S. Energy Secretary Chris Wright said oil flows out of the Persian Gulf have climbed to roughly 15 million barrels…
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Marine World
JPMorgan Chase Commits $24 Million to Boost Shipbuilding and Submarine Supply Chain in Philadelphia
JPMorgan Chase is investing $24 million to help strengthen the U.S. shipbuilding industry, including support for submarine manufacturing and maritime…
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Marine World
Port of Los Angeles Tops 1 Million TEUs in Record June
By Lori Ann LaRocco – The Port of Los Angeles, the nation’s busiest container seaport, processed more than 1 million…
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Marine World
US Sees 10 Million Barrels Via Hormuz Sapping Iran Oil Leverage
Commercial shipping through the Strait of Hormuz has surged over the past few weeks, with American military support helping boost…
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