Why Venezuela Is Poor Despite Having The World's Largest Oil Reserves

Livestock Carrier Towed to Safety after Engine Failure

The 116-meter livestock carrier Blue Ocean A was towed to safety after suffering engine failure in adverse conditions on January 28.The Saint Kitts and Nevis-flagged vessel was sailing off the island of

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Cause of Trawler Flooding Uncertain

The UK Marine Accident Investigation Branch (MAIB) has released its report into the flooding and foundering of the stern trawler Opportune off Scotland, with uncertainty remaining about the cause.On 24 March 2024,

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Teamwork Required to Thwart Illegal Wildlife Trade

Last week, Governor Gavin Newsom announced that California had disrupted several major wildlife trafficking operations, including seizing hundreds of illegal products made from ivory, rhino horn, walrus tusks, suspected bear gall bladders,

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CMA CGM Reacts to Harsh Atlantic Weather

French shipping and transport company CMA CGM said on Thursday it was taking measures to put some of its vessels in areas of safety due to harsh weather in parts of the

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Coast Guard Conducts Icebreaking in New York Harbor and Hudson River

The U.S. Coast Guard is actively conducting icebreaking operations in New York Harbor and the Hudson River in response to worsening ice conditions caused by prolonged extreme cold and Winter Storm Fern.

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Laura DiBella Designated as Chairman of FMC

On January 28, 2026, President Donald J. Trump designated Laura DiBella to serve as Chairman of the Federal Maritime Commission.Chairman DiBella was sworn in as a Commissioner on January 6, 2026. She

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Royal Caribbean Raises Annual Profit Forecast on Strong Demand

Royal Caribbean forecast annual profit above Wall Street estimates on Thursday, supported by strong demand from affluent travelers and a solid start to a key booking season.Shares of Royal Caribbean jumped about

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Oil Prices Surge 3% on Worries of US Action Against Iran

Oil prices climbed about 3% to a five-month high on Thursday on rising concerns that global supplies could be disrupted if the U.S. decides to attack Iran, one of the biggest crude