“We estimate the dry bulk supply/demand balance to weaken in both 2025 and 2026, compared to 2024. Demand growth is expected to slow, impacted by a weaker economic outlook for China and the world and a shift in US trade policy,” says Filipe Gouveia…
The London P&I Club has renewed calls on ship owners, operators and charterers to address potential risks when loading Flexible Intermediate Bulk Containers (FIBCs) containing dry chemicals. The warning follows a number of incidents reported…
The Port of Klaipėda has announced a request for expressions of interest (EOI) in the Klaipėda Southport Development Project, the most extensive expansion in the port’s history. This project aims to increase Klaipėda’s cargo handling capacity…
An Indian company shipped $1.4 million worth of an explosive compound with military uses to Russia in December, according to Indian customs data seen by Reuters, despite U.S. threats to impose sanctions on any entity supporting Russia's Ukraine war effort…
“We forecast that bulker deliveries will gradually increase this year and in 2026, reaching 41.2m Deadweight Tonnes (DWT) and a six-year high. Bulker newbuilding contracting was strong in 2023 and 2024, and several of the ships ordered during…
The volume of full containers carrying goods entering or leaving Spain via the docks of Valenciaport continues to rise, helping offset the decline in transhipment containers—those that call at Valenciaport en route to other international destinations…
Port Houston marked a milestone in June, surpassing 2 million twenty-foot equivalent units (TEUs) handled year-to-date. Container volumes for the month totaled 331,864 TEUs, a 2% dip compared to the same month last year, but volumes remain up 3% year-to-date at 2…
Current global economic and geopolitical landscapes are shaped by several key uncertainties. Tensions between Israel and Iran, particularly regarding the Strait of Hormuz, pose risks to regional stability and energy supply routes. Similarly…
Port of Oakland container volume declined in June as shippers and carriers adjust to softening demand and ongoing tariff uncertainty. The Port handled 168,460 TEUs (twenty-foot containers), down 10.1% from May, and 12.8% from June 2024, when 193…
Dubai-owned ports and logistics company DP World has cut shipping times between Romania and Turkey by half, a senior executive said, as it expands its Black Sea operations at the European Union's eastern border.DP World more than doubled its…
A landmark moment in Gulf Coast industry was celebrated today with the christening of Creole King, a state-of-the-art barge-mounted stevedoring crane, at the Port of Iberia.Operated by Cooper Consolidated and assembled by E-Crane’s Gulf Coast Service team…
Imports to the busiest U.S. seaport in Los Angeles rebounded strongly in June as retailers moved to stock up on goods for the holiday shopping season amid fears of higher tariffs.The Port of Los Angeles handled 470,450 20-foot equivalent units (TEUs) of incoming cargo last month after the U…
The Port of Green Bay saw 137,725 tons of material and raw goods pass through the port during June, compared to 123,794 tons during the the month of May. Current year-to-date totals are down 47% compared to the same time frame last season.“While…
Freight rates for Russian oil shipments from the Baltic Sea ports to India have fallen in July-August as more tankers have become available, but this could change if new sanctions are imposed on Moscow, two traders said.The European Union is finalising its 18th sanctions package on Russia…