Raw sugar futures on ICE hit their lowest in more than a month on Thursday as oil prices remained steady despite escalating hostilities between the U.S. and Iran, while coffee prices gained.SUGAR* Raw sugar fell 0.7% to 13.82 cents per lb at 1448 GMT…
The United States Merchant Marine Academy (USMMA) announced its valedictorian and salutatorian for the Class of 2026, recognizing two midshipmen who have demonstrated exceptional academic achievement, leadership, and perseverance throughout their time at Kings Point…
DP World has launched its first global seagrass restoration initiative on Geoje Island in South Korea, supporting efforts to restore 2.4 hectares of coastal marine habitat over the next four years and enhancing marine biodiversity. The initiative…
Tecon Suape S.A., International Container Terminal Services, Inc.’s (ICTSI) container terminal operation at the Suape Industrial Port Complex in Recife, Brazil, has deployed a new container scanner to strengthen security processes and enhance operational efficiency…
NexusWave, the fully managed, bonded connectivity service from Inmarsat Maritime, a Viasat company, has been awarded Cyber Security Type Approval by ClassNK. The certification follows ClassNK’s assessment of its onboard Information and Communication Technology (ICT) architecture and equipment…
A new joint study using the Port of Rotterdam as a case study “Enabling Nuclear-Powered Feeder Ships: A Joint Development Project on Port Call Feasibility and Regulatory Pathways” has found that existing port safety and risk-management frameworks…
BIMCO has adopted a Biofuel Clause for Time Charter Parties to address legal and operational challenges as the use of low-carbon fuels in shipping increases.As the shipping industry decarbonizes, regulatory frameworks reshape companies’ fuel strategies…
The cost of shipping a container of goods from Asia to the United States has doubled since the start of the Iran war, driven by spiking fuel prices and an uptick in demand from importers who are worried costs will only rise further as the conflict wears on…
ANTWERPEN was delivered to EXMAR, the Belgian gas shipowner and infrastructure developer, a ship powered by WinGD’s X52DF-A ammonia-fueled engine, reported to be the world’s first ocean-going ship designed to operate on ammonia fuel.The achievement is the result of a collaboration between WinGD…
China's trade in major commodities in May underscored that price moves are the primary driver of changes in flows in the world's biggest buyer of natural resources.The headline-grabbing number from customs data was the collapse in crude oil imports to an eight-year low of just 7…
'During April to May, Western Africa’s clean petroleum product (CPP) imports fell 44% year on year, from 1,144 thousand barrels per day (kbpd) to 642 kbpd,” says Niels Rasmussen, Chief Shipping Analyst at BIMCO.The drop in import volumes cut tonne miles by 47% year on year…
SESCO Cement celebrated the opening of its new cement import terminal located on Port Redwing at Port Tampa Bay. The ribbon cutting ceremony, held at 6035 Diana Toledo Almeida Road in Gibsonton, was attended by company leadership, state officials…
Escalating geopolitical tensions and regional conflicts are having a profound impact on international trade, subjecting supply chains to intense operational volatility, rigid compliance demands, and significant financial pressures. Out of necessity…
AD Ports Group, a global enabler of integrated trade, industry and logistics solutions, launched trial operations at Noatum Ports - Safaga Terminal in Egypt ahead of the terminal’s full operational launch later this year.His Excellency Lieutenant-General Eng…
Following the divestment of Wärtsilä Water & Waste to Solix Group AB, Hamworthy recently launchedas an independent specialist in marine water and waste systems. The business enters its next chapter with full operational continuity for customers worldwide…