Global rice exports could fall by at least 4% in 2023 because of India’s restrictions on exports and El Niño’s impact on supply, says Filipe Gouveia, Shipping Analyst at BIMCO.“Replacing India’s rice exports is challenging, as India accounts for almost 40% of the world’s export of rice…
Australian livestock exporter Wellard has released its annual report and financial year 2023 financial results noting changes in trade patterns.Wellard’s financial results in FY2023 were significantly impacted by continued depressed live cattle…
Global LNG import capacity is set to expand by 16%, or 23 billion cubic feet per day (Bcf/d), by the end of 2024 compared with 2022, reports the US Energy Information Administration (EIA).Estimates based on trade press and data by the International…
Western Australia is a step closer to the creation of a large-scale green hydrogen hub with bp completing its concept development phase study into its energy hub H2Kwinana.bp is transitioning its former oil refinery site into an energy hub. Subject to internal and Government approvals…
The Turkish and Ukrainian foreign ministers said on Friday that other solutions to the export of Ukrainian grain than the Black Sea grain deal, which ended after Russia quit last month, were less optimal.The deal brokered by Turkey and the United…
The southern Ukrainian region of Odesa, which has ports on the Black Sea and Danube River, is introducing a new export control mechanism for grain, regional governor Oleh Kiper said on Thursday.'From now on, vessels (barges) will be loaded only…
Xeneta believes long-term ocean freight rates may have started bottoming out after around a year of persistent, often dramatic monthly falls. The Oslo-based benchmarking and market analytics company says the latest general rates increases (GRIs) from carriers appear to have held “relatively firm…
ZIM Integrated Shipping Services has announced a restructuring of its existing services to Oceania (CAX, TFX and N2A) in collaboration with MSC.Danny Hoffman, ZIM EVP Intra-Asia, said: “Our current Oceania services network will be restructured…
Despite the many and varied categories of cargo damage faced by shipowners transporting grain cargoes, when it comes to claims, it’s actually cargo shortage that they need to be prepared for, says The Swedish Club, in its new publication, Bulker Focus: Carriage of grains and soya beans…
Logistics provider PSA BDP has opened its first office in Romania.PSA BDP International Romania S.R.L, located in the capital city of Bucharest, will be led by Country Director Cristian Afrenie. With this expansion into Romania, PSA BDP now has nearly 140 offices around the globe…
The Helen Delich Bentley Port of Baltimore today welcomed the largest container ship ever to visit Maryland with the arrival of the Evergreen Ever Max at Seagirt Marine Terminal. The vessel weighs 165,350 tons and has the capacity to handle 15…
Port Houston, the United States' fifth-largest container port. reported its container volumes this July were the highest of any previous July on record. A total of 344,163 TEUs were handled during the month, a 5% increase from July 2022. Year-to-date…
South Carolina Ports reports it is entering fiscal year 2024 showing signs of strength.SC Ports handled 208,134 TEUs and 115,422 pier containers in July. Imports flowing into the Port of Charleston outperformed U.S. volumes with a 12% increase from June and a 3% increase year-over-year…
The likelihood of industrial action at three Australian liquefied natural gas facilities is increasing, but the question for the market is what is the potential impact on the supply of the super-chilled fuel.Unions at Woodside Energy Group's…
Russia is shipping a naphtha cargo via the North Sea Route (NSR) as Moscow seeks to increase supplies using the route to major trade partner China, cutting its way through European waters, traders said and Refinitiv data showed.SCF Irtysh is loaded with with 37…