Cargo News


Crowley Launches Multimodal Service Between Mexico, US and Canada

May 03, 2023

Crowley announced it will launch an end-to-end, integrated ocean and rail service between Mexico and the U.S. Midwest region and into Canada. Featuring Crowley’s new Mexico-U.S. ocean route in the Gulf, the service will leverage the inland rail network of Canadian National Railway Company and its U…

Bed Bath & Beyond Files Complaint with FMC

May 02, 2023

Bed Bath & Beyond Inc. has filed a complaint against Orient Overseas Container Line Limited and OOCL (Europe) Limited with the US Federal Maritime Commission (FMC).The company is seeking reparations for injuries it alleges resulted from the…

Impasse Remains Over Russian Grain, Fertilizer Exports

May 01, 2023

There is no progress in removing obstacles to Russian grain and fertilizer exports caused by the West's 'sanction strategy', a senior Russian diplomat in Washington said on Tuesday, ahead of the expiry of a deal safeguarding Ukrainian grain exports…

Qube Enters the New Zealand Container Logistics Market

May 01, 2023

Australia-based logistics company Qube Holdings has acquired a 50% stake in New Zealand’s Pinnacle Corporation and 100% of Kalari.Pinnacle, a New Zealand owned and operated group of companies, operates both port-based and stand-alone facilities…

US LNG Exports Go Full Steam Ahead

May 01, 2023

U.S. producers of liquefied natural gas (LNG) exported at top capacity in April for a second consecutive month, with over two-thirds of shipments bound for Europe and rising volumes to Latin America, Refinitiv Eikon data showed on Monday.Following…

Toronto Kicks Off 2023 Cruise Season

May 01, 2023

PortsToronto welcomed its first cruise ship of the 2023 season on Friday, April 28. The Viking Octantis officially launched another record-breaking cruise ship season which will see 54 ships and more than 22,000 passengers visit Canada’s largest city between May and October…

Brazil Bans Live Animal Exports

Apr 30, 2023

Brazil has banned the export of live cattle from all its ports.Reuters reports that federal judge Djalma Gomes’s ruling states: 'Animals are not things. They are sentient living beings, that is, individuals who feel hunger, thirst, pain, cold…

Indonesia to Allow Miners to Ship Copper Concentrate until 2024

Apr 30, 2023

Indonesia will allow miners Freeport Indonesia and Amman Mineral Nusa Tenggara to continue exporting copper concentrate until next year, despite a ban starting this June, to allow for their smelters to be completed, the mining minister said on Friday…

Comvex's 2022 Profit More than Triples as Ukraine Cargo Rises

Apr 28, 2023

Romanian port operator Comvex said on Friday its net profit more than tripled to 104.36 million lei ($23.24 million) in 2022, as the Black Sea port of Constanta saw a rise in Ukrainian grain exports and other cargo.Comvex, which is due to detail its rise in profit later on Friday…

Global Freight Shows Signs of Bottoming Out

Apr 27, 2023

Global freight volumes fell at some of the fastest rates for three decades earlier this year, but at the end of the first quarter showed signs of bottoming out.Volumes were down by -2.1% between December and February compared with the same period a year earlier…

Argentina Unions End Strike at Rosario Port

Apr 20, 2023

A federation of unions representing Argentina's port and maritime workers lifted a three-day-old strike that had affected the key Rosario grains shipping hub, the federation said in a statement on Wednesday.The short-lived strike threatened…

Rio Tinto Reports Record Q1 Pilbara Iron Ore Shipments

Apr 20, 2023

Rio Tinto reported on Thursday a better than expected 15.4% jump in first-quarter iron ore shipments from Western Australia, a record for the quarter, as it ramped up production at its Gudai-Darri mine.The world's biggest iron ore producer, however…

Oil Exports from Russia's Western Ports Hit 4-year High

Apr 19, 2023

Oil loadings from Russia's key western ports in April will rise to the highest level since 2019, above 2.4 million barrels per day (bpd) despite Moscow's pledge to cut output, trading and shipping sources said.Russian crude exports and transit from the ports of Primorsk…

CMA CGM Offers $5.5 Billion for Bollore Logistics Unit

Apr 18, 2023

French shipping group CMA CGM is offering 5 billion euros ($5.48 billion) for the logistics unit of Bollore, the family-run conglomerate said on Tuesday.For Bollore a deal would mean cutting ties with its biggest business while offering cash…

Baltic Dry Index Logs Worst Week in Two Months

Apr 14, 2023

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Friday to mark it worst week since mid-February as demand waned across all vessel segments.The overall index, which factors in rates for capesize…

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