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Expanded Panama canal marks 500 ship transits since opening

More than 500 ships have now transited the expanded Panama Canal less than six months after the inauguration of the new locks on June 26, 2016. The Panama Canal marked the milestone 500th transit through the new locks on Wednesday with the tr...

16/12/2016 Read

Product tanker explodes in Manila Bay, 18 Injured

On Wednesday, the product tanker Reia Faye caught fire and exploded in Manila Bay. No fatalities were reported but 18 crewmembers sustained injuries. The tanker had reportedly been awaiting instructions off of the Petron Bataan Refinery...

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Tokyo: 150 kilograms of stimulant drugs seized from ship from China

TOKYO (TR) – Tokyo Customs have seized more than 150 kilograms of stimulant drugs from a ship originating from China that arrived in Tokyo, reports NHK (Dec. 14). Tokyo Metropolitan Police arrested a male of Taiwanese origin, 37, o...

15/12/2016 Read

Shipping company could pose problems for Trump’s transportation pick

Albertson-Grove and Hirsch are with the Stabile Center for Investigative Reporting at Columbia University. Elaine Chao’s family owns ships flagged abroad, a way to avoid U.S. taxes and higher labor costs. But one of Chao’s missions at...

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EIA: Oil firms may be planning to invest again

The U.S. Energy Information Administration (EIA) reported Wednesday that oil and gas companies have increased their price hedging activity, a possible sign that they are planning to increase investments in exploration and production.  Oil com...

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