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A cargo ship towering with wing sails just crossed the Atlantic with the sails doing the work — slashing fuel burn 40% and pointing past bunker-oil engines
Somewhere in the middle of the Atlantic, the MV Pyxis Ocean looked like nothing else on the water. Two rigid wing sails, each ...
See more of our trusted coverage when you search. Prefer Newsweek on Google to see more of our trusted coverage when you search. A commercial cargo ship transiting near the Strait of Hormuz said it ...
It’s as if I am chatting to a merchant on a European dockside more than a century ago when I ask Jorne Langelaan, founder and CEO of Dutch shipping startup EcoClipper, how his vessel’s maiden voyage ...
FOB stands for "freight on board." The term is used to describe the point in a transaction where a product being shipped becomes the property of the buyer. In an FOB Origin shipping arrangement, the ...
For more than two years the only way for container shipping prices was up. That trend is now reversing as backlogs at ports dissolve and supply chain snarls ease. As the immediate aftershocks of the ...
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