OPEC+ has decided to increase its crude oil production target by 206,000 barrels per day (bpd) for April against a backdrop of heightened geopolitical risk as conflict in the Middle East escalated rapidly over the weekend.Oil markets will enter…
Victoria International Container Terminal (VICT), International Container Terminal Services, Inc.’s (ICTSI) fully automated operation at the Port of Melbourne, is expanding its trade links to the Americas with Mediterranean Shipping Company’s (MSC) newly launched Eagle service…
McQuilling Services has released its 29th anniversary edition, 2026-2030 Tanker Market Outlook with the theme: “You Can’t See the Forest for the Trees.”The report frames the outlook for crude tankers over the next five years. Structural forces (the “forest”) including: 1) macroeconomic conditions…
BIMCO estimates that the dry bulk supply/demand balance will remain stable in 2026 and weaken in 2027.“An improvement in the economic and demand outlook has led us to revise our demand forecast for 2026 up by 0.5 percentage points,” says Filipe Gouveia…
The port authorities of Valencia and Santos, Panama, have signed a memorandum of understanding for the creation of a green maritime corridor, with the aim of promoting the decarbonization of maritime transport between Europe and South America…
The core finding of DP World’s new Global Trade Observatory (GTO) Annual Outlook Report 2026 is that while global trade outlook looks fragile, business confidence does not. Ninety-four percent of respondents expect 2026 trade growth to match or exceed the pace of 2025…
The U.S. has become the first country to export 10 million metric tonnes (mmt) of liquefied natural gas in a single month, according to preliminary data from financial firm LSEG.The U.S. exported a record 10.1 mmt of the liquid fuel in October…
In the first nine months of 2025, Port of Antwerp-Bruges handled 202.6 million tons of maritime goods, a decrease of 3.8% compared with the same period last year. The throughput of general cargo, including containers, conventional general cargo and RoRo…
A trade group representing the aluminum industry called on Tuesday for a ban on U.S. exports of used beverage cans to China to support American production of cars, fighter jets, tanks and satellites.The Aluminum Association said the United States…
Canada's merchandise trade deficit widened in August to C$6.32 billion ($4.53 billion), its second highest on record, as exports both to the U.S. and the rest of the world fell, data showed on Tuesday.The August data had been expected to show a more permanent impact of U…
U.S. LNG exports hit a record in September at 9.4 million metric tons, beating their previous record of 9.3 million MT in August, according to preliminary data from financial firm LSEG.The increase was fueled by strong sales to Europe and Asia…
Secretary-General of ASEAN, Dr. Kao Kim Hourn, participated in the China–ASEAN Industry Ministerial Roundtable Meeting on the sidelines of the China–ASEAN Expo, on September 17 in China, highlighting ASEAN’s robust economic progress and changing trade patterns…
Canada's trade deficit narrowed in July as overall exports rose, especially driven by outbound shipments of crude oil and passenger cars to its biggest trading partner the United States, Statistics Canada said on Thursday.Its merchandise trade deficit…
The Port of New Orleans (Port NOLA) is proud to announce continued growth in cargo volumes and trade activity through the first half of 2025; thanks to rising container imports and improved schedule reliability that’s helping shippers gain confidence and plan more efficiently…