Latest News - page 110


US LNG Export Dominance Tested as Europe's Demand Wilts

Sep 05, 2024

The United States has remained the largest exporter of liquefied natural gas (LNG) so far in 2024, but a steep drop in selling prices and a sharp swing in export volumes to key markets is likely testing exporter appetite to stay on top.The United States shipped a record 56…

Western Group Rebrands as SSA Marine

Sep 05, 2024

Western Group, a logistics provider connecting global trade to Canada's marine, rail, and road transportation corridors, announced that it has rebranded under the SSA Marine name.Since 2006, Western Group has been part of the Carrix family of companies and has worked closely with SSA Marine…

Coal Shipments to India Jump 10%

Sep 05, 2024

Between January and August 2024, coal shipments to India rose 10% y/y, outpacing an 8% y/y increase in domestic coal mining. Thermal coal shipments were a key driver, supported by strong electricity demand and coal import mandates.However, during the rest of 2024…

Singapore Expands Nighttime Operations

Sep 05, 2024

After completing a four-month trial, Singapore’s MPA now allows the night movement of line-towed container barges to and from Pasir Panjang Terminal (PPT) between 7:00 pm and 6:30 am.Such moves can be used to transport containers on barges into and out of the Port of Singapore and neighboring ports…

Cargo Integrity Group Applauds Chinese Response to YM Mobility Explosion

Sep 05, 2024

The industry body, Cargo Integrity Group, has issued a statement of support for the recent circular issued by the China Maritime Safety Administration (MSA) following the YM Mobility explosion on August 9, 2024, at Ningbo-Zhoushan Port. The vessel was carrying hazardous goods at the time…

Libya Oil Exports Are Mostly at a Standstill

Sep 05, 2024

Libyan oil exports remained largely halted on Thursday, shipping data showed, but some tankers were being allowed to load crude from storage, with output still curtailed amid a political standoff over the central bank and oil revenue.Oil tanker…

Wärtsilä to Help Singapore Develop Next Generation Vessel Traffic Management System

Sep 05, 2024

Wärtsilä has secured a contract from the Maritime and Port Authority of Singapore (MPA) to develop the prototype for a cutting-edge vessel traffic management system. This initiative, known as the Next Generation Vessel Traffic Management System (NGVTMS)…

Low Water Hampers Barge Shipping on the Mississippi River

Sep 05, 2024

Low water conditions have led to several barges running aground along a key stretch of the lower Mississippi River, the U.S. Coast Guard told Reuters on Wednesday, just as the busiest U.S. grain export season gets underway.Low water levels are…

Maersk Warns of Escalating Disruption as Red Sea Attacks Persist

Sep 05, 2024

The negative impact on maritime shipping and global supply chains from attacks in the Red Sea continues to intensify as traffic is rerouted away from the Suez Canal, Danish shipping company A.P. Moller-Maersk said on Thursday.Attacks in the…

US East Coast Ports Union Prepping for Possible Strike

Sep 04, 2024

The International Longshoremen's Association union, representing 45,000 workers at major container ports from Texas to Maine, will begin two days of meetings on Wednesday to review wage demands and prepare for a potential strike on Oct. 1.Formal…

Rain Lifts Rhine River Levels in Germany but Shipping Still Limited

Sep 04, 2024

Rain has raised water levels on the Rhine in Germany but most of the river remains too shallow for cargo vessels to sail fully loaded, commodity traders said on Wednesday, following a bout of dry weather in August.Ship operators imposed surcharges…

Fierce Competition Drives Down the Cost of US Dredging Projects

Sep 03, 2024

Heavy competition within the U.S. dredging sector helps to save American taxpayers hundreds of millions of dollars each year, as highlighted by a recent industry report.According to the 'U.S. Dredging Report: An Analysis of the FY23 U.S. Federal Dredging Market'…

Power Outage Hits Port of Rotterdam; Issue Resolved

Sep 03, 2024

A power outage in the Rotterdam port area in the Netherlands briefly interrupted operations at one of Europe's biggest oil refineries on Tuesday, the plant's operator BP said.Electricity grid operator TenneT said the problem was solved shortly after 1000 GMT…

Exxon's Rotterdam Refinery Not Impacted by Power Outage

Sep 03, 2024

U.S. oil major Exxon Mobil said on Tuesday its 190,000-barrels-per-day Rotterdam refinery was not impacted by the power outage.A power outage hit the Rotterdam port area in the Netherlands for several hours on Tuesday, electricity grid operator TenneT said…

LNG Carriers Line Up At Malaysia's Bintulu Complex After Maintenance

Sep 03, 2024

A backlog of liquefied natural gas (LNG) tankers is waiting to load at Malaysia's Bintulu terminal this week after outages and maintenance work disrupted production, according to industry sources and shiptracking data.The Bintulu facility in Sarawak…

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