Cargo News


Stena Line Urged to Stop Transporting Unweaned Calves

Feb 12, 2025

Ethical Farming Ireland has followed up a July 2024 open letter to Stena Line CEO Niclas Martensson with another signed by 18 NGOs across Europe asking the company to stop the export of unweaned calves from Ireland on its vessels.Every year…

Only One Bid, DEME, for Argentina River Dredge Contract

Feb 12, 2025

Belgian company DEME Group was the sole firm to bid in the Argentine government's tender for a major maintenance contract for the Parana waterway, a key route for grains transport, the government said on Wednesday.The bid could mark a major shakeup in dredging the river…

Belships Reports Strong Q4, Expanding Fleet

Feb 11, 2025

Belships ASA, a leading shipowning company specializing in Ultramax vessels, reported solid financial results for the fourth quarter of 2024, showcasing the growth of its fleet and robust profitability amidst challenging market conditions.:Belships posted an EBITDA of $19…

Large Vessel Rates Drives Baltic Index Down

Feb 10, 2025

The Baltic Exchange's dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, retreated on Monday due to weaker larger vessel rates.The index .BADI, which factors in rates for capesize, panamax and supramax shipping vessels…

Smuggled Horses Intercepted at Port

Feb 06, 2025

Twenty horses have been found travelling on an illegal transport in horrific conditions, reports World Horse Welfare.Some of the horses are suspected of being smuggled for fattening and slaughter despite the ban on live exports in May 2024.Those on board included Irish Thoroughbreds…

Trump in no Hurry to Talk to Xi

Feb 04, 2025

U.S. President Donald Trump said on Tuesday he is in no hurry to speak to Chinese President Xi Jinping to try to defuse a new trade war between the world's two largest economies sparked by his sweeping 10% tariffs on all Chinese imports.China imposed targeted tariffs on U…

Tariffs Risk Working Against the Imposer’s Interests

Feb 04, 2025

“When a country that exports large quantities imposes tariffs, it risks working against its own interests,” says Stamatis Tsantanis, Chairman & CEO of Greek shipping companies Seanergy Maritime and Maritime United.“Other nations adjust by sourcing commodities elsewhere…

Trump Pressures Iran; Iran Threatens Strait of Hormuz Closure

Feb 04, 2025

U.S. President Donald Trump will restore his 'maximum pressure' campaign on Iran and drive its oil exports down to zero, a U.S. official said on Tuesday.Iran has repeatedly threatened to close the Strait of Hormuz for traffic as a retaliation for Western pressure…

50-Year Deal Signed for Grain Hub at Khalifa Port

Feb 04, 2025

AD Ports Grouphas signed a 50-year land lease agreement with Al Ain Mills, an Al Hazaa Investment Group member. This strategic partnership will see the development of a state-of-the-art grain storage and processing facility at Khalifa Port at South Quay…

Flex LNG Time Charter Rates Beat Expectation

Feb 04, 2025

Flex LNG Ltd. released its unaudited financial results for the fourth quarter and full year ended December 31, 2024, reporting a robust performance amid a challenging LNG shipping market.Flex LNG posted vessel operating revenues of $90.9 million for the fourth quarter…

Russia Seaborne Diesel Exports Rise

Feb 04, 2025

Russia's seaborne diesel and gasoil exports rose almost by a quarter in January from December as traders sought to increase supplies before new U.S. sanctions come into effect and amid seasonal low domestic demand, LSEG and market sources data show…

ONE and LX Pantos Announce JV

Feb 03, 2025

Ocean Network Express (ONE) and LX Pantos have established a joint venture, Boxlinks LLC.The partnership will provide end-to-end domestic intermodal transportation services, utilizing both companies’ partnerships with major rail carriers and…

Trump Tariffs Aim to Close Loophole, Staunch Fentanyl Flow

Feb 03, 2025

In an effort to curb the flow of fentanyl and its precursor chemicals into the United States, President Donald Trump has issued new tariff orders against Canada, Mexico, and China, suspending a key duty-free exemption for low-value shipments…

Tariffs Could Divert Canadian Aluminium to Europe

Feb 03, 2025

The cost of aluminium for consumers in Europe buying on the physical market has dropped due to expectations that Canadian shipments under U.S. tariffs from Tuesday will be diverted, physical market traders said.U.S. President Donald Trump has…

Summing Up the U.S., the Panama Canal and China

Feb 02, 2025

Some U.S. lawmakers and officials are touting a nearly half-century-old treaty between the United States and Panama to justify the Trump administration's threat to reclaim the Panama Canal - provided it can show the strategic waterway's operation is under threat…

Current News

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