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Following the collapse of a major bridge in Baltimore after being hit by a container ship, crew members aboard the MV Dali now risk potential criminal liability, even as the ship’s owners use 1851 maritime law to limit their responsibility.
State lawmakers want to pass emergency legislation that would establish temporary relief programs for port workers and local businesses.
Attacks on container ships in the Red Sea have wreaked havoc on one of the world’s most important trade routes, increasing shipping costs and raising inflation fears. Here’s what you need to know.
Capital Product Partners L.P. (NASDAQ:CPLP) Q4 2023 Earnings Call Transcript February 2, 2024 Capital Product Partners L.P. isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Thank you for standing by, and welcome to the Capital Product Partners’ Fourth Quarter 2023 […]
When the Maersk Tanjong set sail from Thailand on Dec. 2, headed towards the Suez Canal to reach the U.S. East Coast, it was carrying cargo for retailers and clothing brands including Walmart, H&M, Adidas and ASOS, import and shipping data shows. On Dec. 17, it turned south to circumnavigate Africa's Cape of Good Hope, after Maersk paused sending vessels to the Suez through the Red Sea, where Houthi attacks on shipping have triggered delays, costs and uncertainty across global consumer and retail markets.