“During the first five months of 2023, demand for Capesize ships increased 5% y/y while supply increased 3% y/y. Nonetheless, spot rate increases remain hesitant, largely due to concerns over China’s fragile economic recovery,” says Filipe Gouveia…
Unions hope a $30 million grant to electrify tractors in a Long Beach, California, port terminal's final push to become the world's first zero-emissions facility will serve as a bulwark against lost jobs in an era of energy transition and increasing automation…
The destruction of the Kakhovka dam in southern Ukraine has made it impossible to navigate parts of the Dnipro River and deprived Kyiv of an important agricultural export route, shipping authorities said.The loss of the route is another problem…
U.S. President Joe Biden has urged both sides in the West Coast ports labor dispute to continue collective bargaining, White House press secretary Karine Jean-Pierre said on Wednesday, adding acting Labor Secretary Julie Su was actively engaging with the parties…
Pakistan International Container Terminal Limited (PICT), the International Container Terminal Services, Inc. (ICTSI) subsidiary operating at the Port of Karachi, has partnered with Singaporean shipping line SeaLead to establish a direct service between Pakistan and Australia…
Australia and Singapore have commenced discussions on establishing a Singapore-Australia Green and Digital Shipping Corridor by the end of 2025.Australia’s Department of Infrastructure, Transport, Regional Development, Communications and the…
A possible extension next month of a deal allowing the safe wartime export of grains and fertilizers from three Ukrainian Black Sea ports could hinge on the reopening of a pipeline that delivers Russian ammonia to one of those Ukrainian ports…
Port agency and marine services provider Inchcape Shipping Services announced it has appointed Anna Evangelidis as its new Chief Operating Officer, effective June 6, 2023.Evangelidis brings with her a wealth of experience, having previously worked at BP…
The Port of New Orleans (Port NOLA) welcomed maritime industry veteran Matthew Wypyski to the executive team as Chief Operating Officer (COO). Wypyski’s leadership experience includes 32 years as a senior operating and general management executive leading port authority staff…
Global container shipping freight rates have reached unsustainable levels and must rebound, the chief executive of Germany's Hapag Lloyd, the world's number five operator by volume, said on Tuesday.'There are spot rates that are clearly below cost…
Groups representing major retailers and manufacturers urged the White House on Monday to intervene in contentious West Coast port labor negotiations, citing worries about shipping disruptions during critical holiday shopping seasons.The call…
Ports in China's Shandong province are demanding more detailed information about oil tankers that are more than 15 years old that call at their terminals, sources with knowledge of the matter said, potentially delaying the unloading of crude shipments in the world's biggest oil importer…
The largest terminal at Southern California's Port of Long Beach closed on Monday as dockworkers who have been working without a contract since July rally for better pay.The Port of Long Beach is the second-busiest U.S. container terminal and a key trade gateway…
Russia's seaborne oil exports from Primorsk, Ust-Luga and Novorossiisk hit 4-year record of 2.4 million barrels per day (bpd) in May as domestic refineries maintenance season freed up extra barrels, Refinitiv Eikon data showed on Monday.Russia's…
Abu Dhabi-based AD Ports Group has signed a 25 years agreement with Singapore-based Crystal Offshore a logistics solution provider to the marine & offshore Industry to build an offshore rig and vessel repair base in Abu Dhabi's Khalifa Port…