Latest News - page 238


Fujairah Bunker Sales Slide 2% in October

Nov 18, 2022

Marine fuel sales at the United Arab Emirates' Fujairah, the world's third-largest bunkering hub, slid 2% month-on-month in October as demand slowed.Total sales volumes at Fujairah, excluding lubricants, were at 655,126 cubic metres (about 627…

Seymour Sun, Grouse Sun Garner Green Ship Award

Nov 18, 2022

Delivered in January 2022 and April 2022 respectively from Hyundai Mipo Dockyard in South Korea, the Seymour Sun and Grouse Sun are owned by NYK Bulkship Asia Pte. Ltd., were recognized recently with the 'Green Ship Award' at the Singapore Registry…

Cannelton Locks and Dam Primary Lock Chamber Reopens to Navigation Traffic

Nov 17, 2022

The 1,200 foot-primary chamber at Cannelton Locks and Dam on the Ohio River in Cannelton, Ind., officially reopened to navigation traffic, November 13, the U.S. Army Corps of Engineers (USACE) said.Due to scheduled maintenance and repairs, the 1200-foot primary chamber had been closed since July…

Backhaul Spot Rates Sink Below January 2020 Levels

Nov 17, 2022

The collapse in spot rates on fronthaul trades has caught the headlines, but shippers on certain backhaul trades have seen equally large drops, with some trades having seen spot rates fall for much longer than on the fronthaul and have fallen below rates in January 2020…

Ukraine Lacks Viable Plan B to Boost Grain Exports Via Rail, Road or River

Nov 17, 2022

Ukraine has few viable options currently to boost grain exports by rail, road or river barge anytime soon if a United Nations-brokered deal with Moscow to export by sea runs into trouble.Ukraine is one of the world’s leading grain and oilseed…

Levesque Named President of CMA CGM America

Nov 16, 2022

French shipping group CMA CGM on Thursday announced it has appointed Peter Levesque to take over as president of CMA CGM America and American President Lines (APL) upon Ed Aldridge's retirement on December 6.Levesque is an international global…

Maersk Inks Green Methanol Supply Deal with US-based Carbon Sink

Nov 16, 2022

Danish shipping giant A.P. Moller - Maersk announced it is partnering with U.S.-based Carbon Sink to secure a supply of green methanol for its next generation of cleaner burning containerships.Under a recently signed letter of intent (LOI),…

US Container Freight is Shrinking

Nov 16, 2022

Container freight volumes at the largest U.S. ports were down 3.8% in September compared with the same month a year earlier, confirming the slackening of merchandise trade and downturn in the business cycle.The ports of New York-New Jersey, Los Angeles…

APM Terminals Aarhus Running on 100% Renewable Electricity

Nov 16, 2022

APM Terminals Aarhus in Denmark recently revealed it is now running on 100% renewable electricity as it strives to offer fossil-free container handling.The milestone occurs well ahead of the terminal operator's goal to source 80% of all electricity consumed in the container handling…

Stolt Tankers Partners with Stolthaven Terminals to Treat Wastewater On Shore

Nov 16, 2022

Stolt Tankers and Stolthaven Terminals have partnered to remove and sustainably treat wastewater from ships docked in Houston.In June 2021 the two divisions began a pilot program to identify and balance the challenges, costs and benefits of…

Suez Canal Inks $500 Million Deal for Container Terminal

Nov 16, 2022

Egypt's Suez Canal Economic Zone (SCZONE) on Tuesday announced it signed a $500 million contract with the Suez Canal Container Company (SCCT) to establish a second container handling terminal in East Port Said.The project will expand the existing SCCT’s Container Terminal at Port Said East Port…

Ukraine Shipping Hub Cheers as Kherson Win Foils Russian Black Sea Hopes

Nov 16, 2022

In Mykolaiv's blast-cratered district of Korabel, close to Ukraine's southern front, Pavel Salohub, a teacher of history and boxing, has not heard a single explosion in four days - the first such respite from war since Russia invaded.Friday's…

Freeport LNG Restart Delay Causes Vessels to Seek Other Ports

Nov 16, 2022

A few liquefied natural gas (LNG) vessels have turned away from the Freeport LNG export plant in Texas over the past few days on expectations the plant's restart will be delayed until December or later, according to ship tracking data from Refinitiv…

Audex Inks 30-year Lease with AD Ports in UAE

Nov 16, 2022

AD Ports Group on Wednesday announced it has signed a land lease agreement for 30 years with Audex Pte Ltd a wholly owned subsidiary of PEC Ltd, an integrated project and maintenance solutions provider to the energy, petrochemical, terminal and pharmaceutical industries…

Port of Los Angeles October Imports Tumble

Nov 15, 2022

October volume at the busiest U.S. seaport fell to its lowest level since 2009 as shippers sent cargo to alternate trade gateways to avoid potential disruptions from ongoing West Coast port labor talks, Port of Los Angeles Executive Director Gene Seroka said on Tuesday…

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