July was the busiest month on record in the 117-year history of the Port of Los Angeles. The Port handled 1,019,837 twenty-foot equivalent units (TEUs),

The Special Operations Forces of the Armed Forces of Ukraine carried out a strike on the port of Olya in Astrakhan region. As part of a special operation, Ukrainian forces targeted the port of Olya on August 14.

The Hong Kong-flagged tanker crude oil tanker Tenacity Venture en route to the Romanian port of Constanta encountered problems with the engine.

Norway’s ship owning company Ocean Yield AS has announced that, together with vehicles managed by investment firm KKR, has agreed to purchase 100% of the shares in CapeOmega Gas Transportation AS (CapeOmega) from Partners Group, acting on behalf of its clients.

Analysts are upbeat on the prospects for Torm and the product tanker sector following the company’s Q2 earnings report.

The shipping line will provide last mile trucking to and from the Port of Damman to four major cities.