Cargo News


China Solidifying Lead in Global Electrolyzer Market

Jun 05, 2024

Mainland China's national plan identifies hydrogen as a key element in its low-carbon energy transition strategy. The nation is committed to using hydrogen for decarbonization, with Rystad Energy projecting the installation of approximately 2…

Cocaine Seized from Container at Port of Gemlik

Jun 04, 2024

Turkish authorities seized 373 kilograms (822 lb) of cocaine shipped from Latin America and hidden in a container at the Turkish port of Gemlik, detaining nine suspects, Interior Minister Ali Yerlikaya said on Tuesday.The minister said on X…

World Shipping Council Welcomes New SOLAS Regulations

Jun 03, 2024

The World Shipping Council (WSC) has applauded the recent adoption of amendments to SOLAS at MSC 108. Starting January 1, 2026, these amendments will require mandatory reporting of all containers lost at sea, setting a new standard for maritime safety and environmental protection…

Maersk Raises 2024 Guidance on Strong Demand

Jun 03, 2024

Danish shipping group AP Moeller-Maersk on Monday raised its full-year profit guidance for the second time in a month on the back of strong container market demand and the crisis in the Red Sea.Maersk now expects its underlying earnings before interest…

Extreme Asian Heat Spurs LNG Demand Ahead of Summer Months

May 31, 2024

Extreme temperatures across Asia are driving up liquefied natural gas (LNG) demand in the region as importers seek cargoes ahead of summer, with imports in South Asia hitting records.This could tighten available supply and further lift Asian spot prices that have already gained a third since April…

Compromise Agreements Yield over $2.3 Million in Penalties

May 29, 2024

The Federal Maritime Commission has entered into compromise agreements with three different companies resulting in the collection of more than $2.3 million in civil penalty payments, and commitments by each company to reform specific business practices…

U.S. Gulf Coast Imports of Straight-Run Fuel Oil at Record

May 28, 2024

Imports of straight-run fuel oil (SRFO) to the U.S Gulf Coast were set to climb to record levels this month as Mideast and African suppliers ramped up exports and U.S. refiners scrambled for heavy feedstocks, according to data from ship tracker Kpler…

Taking the Long Route: Panama Canal Logjam Slams Bulk Carriers

May 28, 2024

Capacity reduction on the Panama Canal have hurt dry bulk market, with dry bulk carrier transits down significantly (down 74% in the Q1 '24 vs. '23, with sailing distances up 31% and cargo volume down 25% year on year, according to BIMCO shipping analyst Filipe Gouveia…

As China's Renewable Energy Soars, Coal Peak in Sight

May 23, 2024

Between January and April 2024, China’s electricity generation from renewables surged 12% year on year, significantly outpacing the 6% growth in generation from fossil fuels. While steam coal shipments to China rose 29% year on year, they are starting to feel the pressure from stronger renewables…

UK Ban on Live Animal Export Receives Royal Assent

May 22, 2024

A new ban on exporting live animals came into law in the UK on May 20 as the Animal Welfare (Livestock Exports) Act received Royal Assent.The act capitalizes on post-Brexit freedoms to bolster the UK’s position as a world leader in animal welfare standards…

First Oil Cargo from Expanded Trans Mountain Pipeline Set to Load

May 21, 2024

Crude oil tanker Dubai Angel on Monday moored at the Westridge Marine Terminal in Vancouver, preparing to load the first cargo of crude oil from the recently expanded Trans Mountain pipeline (TMX), ship tracking data showed.Chartered by Canadian oil producer Suncor Energy…

Port Houston Posts Double Digit Box Growth

May 20, 2024

Port Houston said it continues to exceed last year’s container volumes, reporting a 12% increaser through April with 1,394,094 twenty-foot equivalent units (TEUs). In the month of April, 324,177 TEUs moved through the port, which represents…

Ukraine's Waterborne Food Exports Fall 17.1%

May 20, 2024

Ukraine's waterborne food exports fell 17.1% to 2.9 million metric tons during May 1-15 from 3.5 million tons in the same period in April, Ukrainian agriculture ministry data showed. Ukrainian maritime food exports totalled 2.95 million tons from March 1-15…

UK Bill Banning Live Animal Export Ready for Royal Assent

May 15, 2024

The Animal Welfare (Livestock Exports) Bill had its third reading in UK Parliament on May 14 and now awaits Royal Assent to become law. The bill seeks to end the export of cattle, horses, sheep, goats and pigs for fattening and slaughter from and through England…

Soya Bean Exports to Grow 8%, says USDA

May 15, 2024

“Global soya bean exports are forecast to grow by 8% between 2023 and 2025 based on data from the United States Department of Agriculture (USDA). Stronger import demand from China will be met by larger harvests in the US and Brazil and in the near term…

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