Global manufacturing activity and freight are showing signs of a recovery, after a downturn took hold in the second half of 2022 and lasted for most of 2023, which could support petroleum consumption and prices later in 2024.But indicators from…
U.S. crude oil imports last month rose to a nearly two-year high as refiners scooped up heavy crudes from Canada and Latin America to process into fuels for summer driving season.Imports of crude oil rose to 3.1 million barrels per day (bpd) in May…
A petition signed by over 50,000 people has been accepted by New Zealand MP Damian O’Connor.O’Connor is the former agriculture minister who led the establishment of the ban in April last year, while still in government.The current government…
The Port of Brunswick, in Georgia, handled an all-time record of 86,577 units of Roll-on/Roll-off cargo in May, an increase of more than 18,000 units or 26% compared to May 2023.“Brunswick’s proximity to domestic manufacturers and to vibrant…
Port Houston reports it handled 364,866 twenty-foot equivalent units (TEUs) in May, marking an increase of 21%, or more than 64,000 TEUs, compared to the same month last year. From January through May a total of 1,758,960 TEUs moved through the port's two container terminals…
European Union countries agreed on a 14th package of sanctions against Russia over its war in Ukraine, diplomats said on Thursday, including their first restrictions on Russian gas.The package bans re-exports of Russian liquefied natural gas…
Speaking at this year’s Drycon conference in Mumbai, Captain Pappu Sastry, CEO of Adhira Shipping and Logistics (ASL), said that Africa’s mining sector is entering a golden age where opportunities are open to investors, shipping lines and logistics companies…
DP World Romania has more than doubled its container shipping operating capacity in the Black Sea port of Constanta following investment that will also boost cargo and other freight, its chief executive officer said.The operator, part of the UAE's DP World [RIC:RIC:DPWRD…
Russia's oil exports from its western ports in July are expected to decline from June amid higher refinery runs and Moscow's pledge to stick to OPEC+ output cuts, two traders said.Russian oil exports from Baltic ports Primorsk and Ust-Luga as well as the Black Sea port of Novorossiisk…
Ford shipped its first batch of cars on Tuesday from the once-neglected Guaymas port near its plant in the northern Mexican state of Sonora in a project that, if fully launched, could cut the U.S. automaker's logistics costs, according to the state governor…
Unifeeder A/S and MPC Container Ships ASA (MPCC) announced a new collaboration to make joint investments into energy efficiency technology (EET), a partnership that will see the parties unite to increase decarbonization and efficiency in maritime transport…
TCP, an arm of China Merchants Port, is working to dissuade a logistics firm from applying a surcharge on outgoing cargos at South America's largest container terminal, TCP Commercial Director Carolina Brown said.France-based logistics firm CMA CGM's $150 surcharge…
Threat of strike action at US East and Gulf Coast ports may see importers accelerate efforts to protect ocean supply chains in a vicious circle of disruption in ocean freight container shipping.The International Longshoremen’s Association (ILA)…
Twenty-two oil tankers are scheduled to load this month in Vancouver with crude from the expanded Trans Mountain pipeline, which is running around 80% full with a 'little bit' of spot capacity also being used, a Trans Mountain executive said on Wednesday…
The Cargo Integrity Group has identified 15 cargoes commonly carried in containers that under certain conditions can cause dangerous incidents.The Group urges everyone handling these goods to follow all applicable regulations, the CTU Code and industry best practices…