Oil tankers and cargo vessels remain anchored off Port Sultan Qaboos on June 21, 2026 in Muscat, Oman. The Strait of Hormuz, a vital shipping route for the region’s oil and gas, was effectively blockaded since the outbreak of war between the United States and Iran in late February. On Sunday, U.S. Vice President JD…
BARDUFOSS, NORWAY- MARCH 17: UK Royal Marines attend the winter warfare training ahead of the Cold Response 2022, near Bardufoss, Norway on March 17, 2022. UK Royal Marines, who form the UKâs Commando Forces, have been firing various weapons systems, as well as conducting long patrols and amphibious landings during preparation to take part in…
Berkshire Hathaway subsidiary McLane is planning to deploy self-driving trucking technology from Aurora Innovation on routes in Texas and across the U.S. Sun Belt by the end of the year, expanding on an autonomous freight pilot program the companies began in 2023, McLane and Aurora announced Wednesday. Temple, Texas-based McLane is one of the largest…
Small businesses and consumers, especially in rural parts of the country, could face higher shipping costs and less reliable delivery service as the result of a recent deal between Amazon and the U.S. Postal Service which would have Amazon sending fewer of its packages through the USPS. The changes in a recently proposed agreement, which…
This aerial view shows a cargo ship sailing out of the Panama Canal on the Pacific side in Panama City on October 6, 2025. Martin Bernetti | Afp | Getty Images Panama annulled key port contracts held by a subsidiary of Hong Kong-based CK Hutchison in its official gazette Monday, transferring interim operations of the…
President Donald Trump has vowed to lead a revival in U.S. shipbuilding, but the success of this manufacturing renaissance in a key sector for national security will rely on the expertise from overseas. The administration’s goal of a shipbuilding boom is a part of Trump’s “Make America Great” policy agenda. Trump signed an executive order…
Last-minute changes to new port fees enacted by the Trump administration’s U.S. Trade Representative have stuck one U.S.-based ocean carrier with an estimated annual tariff bill of $34 million, after it was reclassified under new Section 301 program terms. On Oct. 14, the first day of the fee program, Atlantic Container Line paid a $1.4…
The Panama Canal Authority is aiming to lure back lost energy trade with changes to its booking system for LNG tanker canal transits, and with a new natural gas liquids pipeline project offering energy and tanker companies an alternative to move the natural gas commodities across the critical global shipping gateway. Ricaurte Vásquez, administrator of…
After a historic drought that paralyzed vessel transits through the Panama Canal, the Panama Canal Authority is moving ahead with major investments in new infrastructure to mitigate future droughts and the risk of low water levels that in recent years plagued the key global trade gateway. The Panama Canal depends on fresh water for its…
At the stroke of midnight, 92% of all U.S. cargo shipments, and up to four million package daily, lost their duty-free status with President Trump’s removal of the de minimis exemption for low-value trade going into effect. Any imported goods sent through the international postal network that are valued at or under $800 will now…
