Dubai's state-owned ports giant DP World said on Thursday its first-half profit fell nearly 10% from a year earlier, even as revenue climbed nearly 14%, and flagged an uncertain outlook for trade.Profit attributable to DP World's owners in the six months to June was down 9…
“Driven by continued growth in minor ore demand in China, global seaborne minor ore exports rose 7% y/y in the first seven months of 2023, vastly outpacing the 2% y/y growth in overall dry bulk exports,” says Filipe Gouveia, Shipping Analyst at BIMCO…
Pain in the containershipping sector is not uncommon in 2023, and Israel's ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) is no exception, today reporting 2Q and six month results:Net loss for the second quarter was $213 million, negatively…
Starting in September, the company that manages the Paranaguá Container Terminal (TCP) will receive a new maritime service in partnership with COSCO Shipping Lines/OOCL and Ocean Network Express (ONE). The service is branded respectively as: East Coast South America-Europe 2 (ESE2)…
Malaysia has paused the import of all live cattle and buffalo from Australia citing concern about lumpy skin disease (LSD).The move follows a decision last month by Indonesia to halt live cattle imports from four locations in Australia after 13 cattle were found to have the disease…
“Deliveries of new container ships during the first seven months of the year reached a new record high of 1.2 million TEU in 2023, beating the previous record by 0.2 million TEU. As recycling of ships has remained low, the fleet capacity has grown 4…
China's renewed appetite for Australian coal after Beijing ended its unofficial ban on imports, coupled with strong overall demand for the fuel used to generate power, is forcing a realignment of seaborne flows in Asia.China's total coal imports have soared this year…
China has removed the 80.5% anti-dumping and countervailing duties on Australian barley.Australia welcomed the move which paves the way for its barley exporters to re-enter the Chinese market.Senator the Hon Don Farrell, Minister for Trade and Tourism…
Venture Global LNG on Monday lashed out at some customers signed up to take LNG cargoes from a Louisiana export facility, claiming they 'have chosen to misrepresent confidential long-term contracts.'A public spat is heating up over the lack of shipments to Venture Global LNG customers' BP…
Kazakhstan is in talks with Abu Dhabi Ports to set up a joint venture that would help ship Kazakh agricultural exports via Iran and then Gulf ports, the Central Asian nation's government said on Monday.Kazakhstan, a significant exporter of agricultural commodities such as grains and oilseeds…
APM Terminals Pipavav announced it handled 206 trains in July 2023, its highest count for any month this year.Of these, the reminal loaded 166 double stack (DS) trains, surpassing the port's own previous record of loading 157 double stack trains in 2020…
Russian seaborne crude oil export volumes have remained strong and grew 13% y/y in 2022 despite the invasion of Ukraine. However, after a 4% m/m fall in June, volumes fell another 16% m/m in July, and the Russian administration has announced export cuts for August…
Piedmont Lithium has made its first commercial shipment of spodumene concentrate produced by North American Lithium (NAL).NAL is a wholly owned by Sayona Quebec, a joint venture between Piedmont (25%) and Sayona Mining (75%).NAL made the initial 20…
Indonesia has informed Australia’s Department of Agriculture, Fisheries and Forestry (DAFF) that lumpy skin disease (LSD) has been detected in Australian cattle exported to Indonesia by sea.Indonesia has now suspended cattle imports from four Australian pre-export quarantine facilities…
Grain inspectors returned to their posts after midday Monday following a short-lived strike, the local chamber of Port and Maritime Activities (CAPyM) said.The workers, who began a strike Monday morning in a bid to push for higher wages, returned…