According to a report from Bloomberg, NITC Co., an Iranian shipowner with a fleet of 45 tankers, said its vessels are exempt from a ban that prohibits European Union-based insurers from covering companies based in the country.
U.S. Transportation Secretary Anthony Foxx has designated three new Marine Highway Projects.
The Mississippi and Illinois Rivers, previously designated as the M-55 and M-35,
Port of Long Beach CEO Jon Slangerup issued a statement addressing the status of picketing truckers at the harbor, pointing out that the demonstration is not a strike.
The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, remained flat on Monday on muted shipping activity.
The overall index,