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The Panama Canal Has Become a Traffic Jam of the Seas
Business

The Panama Canal Has Become a Traffic Jam of the Seas

More than 200 vessels are stuck on either side of the waterway as a serious drought cuts crossings. Source link

Fire on Car-Carrier Ship Off Dutch Coast Kills One
Business

Fire on Car-Carrier Ship Off Dutch Coast Kills One

The coast guard is investigating whether the blaze started in one of the electric vehicles onboard. Source link

Iranian Oil Is Stuck off Coast of Texas, but U.S. Firms Won't Touch It
Business

Iranian Oil Is Stuck off Coast of Texas, but U.S. Firms Won't Touch It

Companies that manage unloading tankers say they are too worried about Iranian reprisal to handle the captured oil on the Suez Rajan. Source link

This Year's Most Buoyant Sector Was a Win for Value Investors
Finances

This Year's Most Buoyant Sector Was a Win for Value Investors

Cruise lines were the top performer of the second quarter and among the top U.S. stocks for the year. Their secret was low expectations. Source

Cruise Drink Packages Float Higher for Passengers
Business

Cruise Drink Packages Float Higher for Passengers

Boozy drink packages are a big reason passengers choose to book a cruise. They are also starting to cost a lot more. Cruises blame the

Carnival Forecasts Another Loss This Year as Cruise Costs Rise
Business

Carnival Forecasts Another Loss This Year as Cruise Costs Rise

Business Earnings Projected loss comes as Royal Caribbean, Norwegian Cruise expect to post profits this year Source link

Carnival's Ship Will Come In Eventually
Finances

Carnival's Ship Will Come In Eventually

The leading cruise line’s recovery is delayed amid a mountain of debt, but it has a path to profitability. Source link

Retailers Reaping Big Savings on Ocean Transport Costs
Business

Retailers Reaping Big Savings on Ocean Transport Costs

Container lines are slashing thousands of dollars from contract rates in a bid to fill up ships. Source link