Severe weather conditions near the Cape of Good Hope has brought container traffic to a halt this week according to analysis by LSEG Shipping Research.Since Monday, daily transit data and vessel location data via the LSEG Workspace Interactive…
Global demand for ocean freight container shipping hit an all-time record in May amid soaring spot rates and severe port congestion, as the 15.94m TEU transported by ocean in May beats the previous record of 15.72 TEU set in May 2021, according…
Monthly inbound cargo volume at major container ports in the US is continuing to rise despite a variety of supply chain challenges, according to the Global Port Tracker report released by the National Retail Federation and Hackett Associates…
Ethical Farming Ireland (EFI) has raised concerns that the livestock carrier Shorthorn Express is currently sailing to Israel from Greenore despite having previously been subject to a Houthi attack in the Red Sea region in June. The Shorthorn…
Cargo shipments at Ukraine's Black Sea and Danube ports were 68% higher in January to June than in the same period of last year, a senior lawmaker said on Thursday.Six functioning ports processed 52.7 million tons of cargo compared with 31.3 million tons last year…
It’s a widely accepted notion among economists that cultural differences can pose a significant barrier to trade. The larger the cultural gap between two countries – judging by differences in language, customs, values and business norms – the more challenging and costly trade relations become…
The Australian Parliament has now legislated an end date for live sheep export, with the Senate officially passing the Export Control Amendment (Ending Live Sheep Exports by Sea) Bill 2024 on Monday evening.From 1 May 2028, sheep will no longer be sent on long-haul journeys…
The bill to phase out live sheep export has passed through the Australian House of Representatives.“This is a historic moment in Australia’s history that brings us closer than ever before to a legislated end to this cruel and unfixable trade…
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…