Nippon Yusen Kabushiki Kaisha has upgraded its financial outlook for the fiscal year ending March 2023, projecting higher revenue and operating profits across the board in light of changing market conditions across multiple sectors it serves, inculding containershipping and bulk carriers.

Sea freight rates, which over the last weeks started to decrease after reaching a high, are likely to fall further, the head of French shipping giant CMA CGM said in a newspaper interview published on Wednesday.Asked by Le Figaro whether container rates will keep dipping, Chief Executive Rodolphe Sa

Heavy rain is helping stabilize the river Rhine in Germany as it suffers low water levels, but it is unlikely to be enough to solve freight shipping problems, navigation authorities said on Thursday.Shallow water is hampering shipping on the entire river in Germany south of Duisburg…

The Biden administration on Wednesday said it had identified 700,000 acres for possible offshore wind energy development in the Gulf of Mexico, seeking to expand a growing clean energy industry to a major U.S. oil and gas hub.It also said President…