Allseas giant Pioneering Spirit offshore construction ship is back in Stord, Norway, to deliver several decommissioned platform facilities removed from the Aker BP's Valhall field complex, located in the North Sea offshore Norway. The facilities will be recycled.The Pioneering Spirit…

The United Arab Emriates wants to bolster trade with Morocco to reach $7 billion within 10 years from $800 million in 2021, UAE Economy Minister Abdullah bin Touq Al Marri said on Thursday in Rabat.For that purpose, the two countries will speed up container shipping to seven days from 40 days…

The Baltic Exchange's main sea freight index extended its slide on Thursday to hit the lowest in more than six weeks, hurt by falling rates across vessel segments.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, lost 68 points, or 2.8%, to 2,342 points.T

U.S. President Joe Biden on Thursday urged Congress to “crack down” on ocean carriers that have raised shipping prices significantly and helped drive up the cost of goods in the country.“One of the reasons prices have gone up is because a handful…