Cargo News


Baltic Index Declines to 1-year Low

Jan 21, 2025

The Baltic Exchange's dry bulk sea freight index .BADI, which tracks rates for ships carrying dry bulk commodities, fell for a sixth straight session on Tuesday to an over one-year low as rates weakened across all vessel segments.The overall index…

Ningbo-Zhoushan Port Tops Global Throughput, Again

Jan 20, 2025

China’s Ningbo-Zhoushan Port saw its cargo throughput exceed 1.37 billion tons in 2024, ranking it top globally for the 16th consecutive year.In 2023, Ningbo-Zhoushan Port processed a cargo throughput of 1.32 billion metric tons, marking a year-on-year increase of 4…

SEFE and Höegh Evi to Develop Hydrogen Supply Chains

Jan 20, 2025

SEFE Securing Energy for Europe and marine infrastructure provider Höegh Evi have signed a Memorandum of Understanding (MoU) to jointly develop international supply chains for clean hydrogen to be delivered to Germany and other locations in Europe…

Charcoal to be Treated as Dangerous Cargo

Jan 19, 2025

In response to a series of devastating fires caused by improperly handled charcoal, shippers should be ready to see carriers phase in new tighter regulations this year, says the World Shipping Council, ahead of mandatory IMO regulations in 2026…

Port of Long Beach Marks 20 Years of Leading Green

Jan 17, 2025

The Port of Long Beach is accomplishing its environmental, operational and commercial goals and is setting its sights on even greater achievements in the years ahead, CEO Mario Cordero said Thursday during his eighth annual State of the Port address…

Baltic Index logs second straight weekly drop

Jan 17, 2025

The Baltic Exchange's dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, hit a one-week low on Friday and marked a second straight weekly fall as rates across all segments weakened.The index, which factors in rates for capesize…

Industry Executives: Red Sea too risky even after Gaza ceasefire

Jan 17, 2025

Companies transporting their products around the world are not ready to return to the Red Sea trade route in the wake of a Gaza ceasefire deal because of uncertainty over whether Yemen's Houthis will continue to attack shipping, industry executives said…

Danish Companies Voice Concern Over Trump Tariff Threats

Jan 16, 2025

Danish businesses are concerned about a possible trade conflict with the United States over Greenland, a major lobby group said on Thursday after business leaders, including CEO of obesity drugmaker Novo Nordisk, met with the government.Denmark's…

Maersk, Hapag-Lloyd: No immediate return to Red Sea

Jan 16, 2025

Two of the world's top shipping companies, Maersk and Hapag-Lloyd, said on Thursday they did not see an immediate return to Red Sea after the ceasefire between Hamas and Israel was announced.Both companies said they would be closely monitoring…

Baltic Index sags again, dragged down by capesize, supramax rates

Jan 16, 2025

The Baltic Exchange's dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, fell for a third consecutive session on Thursday, hurt by weaker rates across the capesize and supramax segments.The index, which factors in rates for capesize…

US Importers Rush to Beat Trump Tariffs

Jan 15, 2025

U.S. imports from China finished the year strong after some companies stockpiled shipments of apparel, toys, furniture and electronics ahead of President-elect Donald Trump's plan to impose new tariffs that could revive a trade war between the world's economic superpowers…

Singapore Achieved Record Growth in 2024

Jan 15, 2025

Singapore’s annual vessel arrival tonnage, total tonnage of ships under the Singapore flag, container throughput, total bunker sales and sales of alternative bunker fuels, reached new highs in 2024. Cargo throughput handled at the port of Singapore also increased in 2024…

Baltic Index dragged lower across all sectors

Jan 15, 2025

The Baltic Exchange's dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, inched lower for a second consecutive session on Wednesday, dragged down by weaker rates across all vessels.The index .BADI, which factors in rates for capesize…

AAPA Announces Policy Agenda for America’s Ports

Jan 15, 2025

The American Association of Port Authorities (AAPA), the unified voice of our nation’s seaports, today released their policy agenda for the 119th Congress and the incoming Donald J. Trump Administration to revitalize America’s ports, keep America safe and secure…

VLCC Rates Spike as US Sanctions Bite

Jan 14, 2025

Supertanker freight rates jumped after the U.S. expanded sanctions on Russia's oil industry, sending traders rushing to book vessels to ship supply from other countries to China and India, shipbrokers and traders said.Chinese and Indian refiners…

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