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May 12, 2025
Maersk, a Danish shipping company, said that on Monday the agreement between China & the United States on a 90-day suspension of tariffs & reciprocal duties is a positive step. At 0948 GMT, shares of Maersk were trading 12.9% higher. In an email…
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May 9, 2025
According to a White House spokesperson, President Donald Trump will sign on Friday a proclamation that restores commercial fishing access at a marine monument off New England. The move aligns with the Trump Administration's efforts to reduce…
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May 9, 2025
According to a White House spokesperson, U.S. president Donald Trump will issue on Friday a proclamation to restore commercial fishing access to the marine national monument located off New England. The proclamation will reopen the nearly 5…
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May 8, 2025
The new US ambassador in Panama, who was appointed on Thursday, pledged to further strengthen the ties between the Central American nation and the United States while highlighting China as a threat to all. "My first priority will be to enhance…
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May 8, 2025
Shipping group A.P. Moller-Maersk reported a first-quarter operating income that was above expectations on Thursday and maintained its profit forecast for the full year. In a press release, CEO Vincent Clerc stated that "we delivered strong results in comparison to the same quarter of last year.
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May 7, 2025
Orsted, a renewable energy company, reported on Wednesday a profit operating above expectations for the first quarter. However, it said that the offshore wind industry is still facing challenges. Orsted's value has fallen by 80% since its peak in 2021…
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May 6, 2025
On Tuesday, President Donald Trump said that the U.S. would stop bombing Houthis in Yemen because the Iran-aligned groups had agreed to cease interrupting important Middle East shipping lanes. In order to stop the attacks on Red Sea shipping, the U.S.
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May 5, 2025
U.S. authorities said that at least three people, including two children were dead and nine others missing after a small vessel capsized on rough seas north of San Diego in what appeared to be a migrant smuggling effort. The U.S. Coast Guard…
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May 5, 2025
Israel said that it conducted airstrikes on Yemen's Hodeidah Port Monday, one day after Iran-aligned Houthis launched a missile near Israel's primary airport. In a press release, the military claimed that it had attacked targets it considered terrorists in Hodeidah.
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May 5, 2025
Authorities told NBC News, among other media outlets, that at least three people died after a small vessel capsized in the Pacific Ocean, north of San Diego. The U.S. Coast Guard also said they were searching for nine people who had gone missing.
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May 5, 2025
Long Beach will be the host city for 11 events at the Los Angeles Olympics of 2028. Long Beach is a vibrant coastal town in southeast Los Angeles County, with a rich sporting and cultural heritage. Los Angeles Mayor Rex Richardson says the city…
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May 5, 2025
Chicago soybean futures declined on Monday, as traders awaited news on potential U.S. China trade talks in the face of increasing competition from Brazil. Wheat and corn fell, as traders awaited positive news about the state of U.S. crops. Chicago…
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May 5, 2025
CNBC, citing anonymous sources, reported that the board of Berkshire Hathaway unanimously voted to make Greg Abel its president and CEO beginning next year. This move marks the official start of the transition process that will see Warren Buffett…
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May 5, 2025
Hanwha Ocean, a South Korean shipbuilder, hopes to increase its revenue from overseas naval vessels to 4 trillion won (2.91 billion dollars) by 2030. It also hopes to receive more repair orders from U.S. Navy. After President Donald Trump's executive order to restore U.S.
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May 3, 2025
The 60th Long Beach Yacht Club Congressional Cup is a tight race between four teams for the two semi-final spots. Only two flights remain in the double-round-robin stage. Four skippers are separated by just one point in a high stakes race that…
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May 2, 2025
The U.S. Navy announced Friday that it had successfully tested an advanced hypersonic launch system from a space-based base at Cape Canaveral Space Force Station, Florida. This is a major step towards deploying these weapons at sea. The Navy tested its cold-gas approach to launch…
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May 2, 2025
Next month, after a decade of sporting inactivity, the team racing world championship will roar to life when 12 crews are determined to rewrite sport's hierarchy. Organisers announced on Friday that the 2025 Team Racing World Championship, which…
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May 2, 2025
Eric Monnin, from Switzerland, delivered a masterclass of match racing on Thursday at the 60th Long Beach Yacht Club Congressional Cup. He won all three races and surged into second place. As the second round of qualifying begins, the Swiss…
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May 1, 2025
Chris Poole, the defending champion of the 60th Anniversary Congressional Cup has made a bold statement of intent by steering his Riptide racing team to six victories in a row on Wednesday's first day of competition. Long Beach's sea breeze…
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April 30, 2025
Norwegian Cruise Line Holdings missed revenue and profit expectations for the first quarter on Wednesday as concerns over tariff uncertainty increased demand for premium cruises. In premarket trading, shares of the company fell by about 6%.
