Latest News - page 218

 

Ukraine Urges UN and Turkey to Start Talks to Extend Grain Deal

Feb 28, 2023

Ukraine has sent an appeal to the UN and Turkey to start negotiations on extending a grain export deal, but so far there has been no response, a Ukrainian government source said on Tuesday.Yuriy Vaskov, Ukraine's deputy minister of restoration…

World Trade Boom Keeps De-globalization at Bay

Feb 28, 2023

Globalization may have peaked, but the resilience of world trade in the face of mounting headwinds means a reversal of the past three decades is not inevitable.Since the COVID-19 pandemic and Russia's invasion of Ukraine shattered global supply chains…

India Bans Oil Tankers, Bulk Carriers Older than 25 Years

Feb 28, 2023

India has withdrawn trading licenses for oil tankers and bulk carriers that are more than 25 years old, its shipping regulator said, as the world's third-largest greenhouse gas emitter looks to cut emissions and reduce the average age of its fleet…

Carter Sworn In as Milwaukee Port Director

Feb 27, 2023

The City of Milwaukee’s new Municipal Port Director officially took office on Thursday during a swearing-in ceremony at City Hall. Mayor Cavalier Johnson appointed Jackie Q. Carter in January, and the Milwaukee Common Council confirmed her appointment earlier in February…

Ukraine to Set up $500 Million Insurance Fund for Cargo Ships

Feb 27, 2023

Ukraine will offer compensation for possible damages to civilian vessels entering its ports, Deputy Prime Minister Oleksandr Kubrakov said on Friday, as Kyiv tries to boost exports that are vital for its war-hit economy.Ukraine is a major producer and exporter of agricultural products…

US Retailers' Ocean Shipping Price Woes Ending as New Delays Threaten

Feb 27, 2023

Collapsing ocean shipping rates are not all good news for U.S. retailers, who paid as much as $20,000 to move a container of goods during the worst pandemic disruptions, as they now are bracing for delays due to plummeting demand.Carriers like…

Brazil's FTS Group Wins Auction for Paranagua Port Terminal

Feb 27, 2023

FTS Group won an auction on Friday to operate a terminal at the port of Paranagua, one of the main ports in Brazil for grains and sugar, amid an uptick in shipping activity in the country.The group will have to invest at least 338.2 million reais ($64…

Containership is First in Years to Docks at Yemen's Hodeidah Port

Feb 26, 2023

A containership carrying general commercial goods docked at Yemen's main port of Hodeidah for the first time since at least 2016 on Saturday as parties in Yemen's eight-year war are in talks to reinstate an expired U.N.-brokered truce deal.The conflict…

Singapore Companies Should Manage Own Risks in Russian Oil Trade, Minister Says

Feb 24, 2023

Companies in Singapore will have to consider and manage any potential impact on their business activities, transactions, and customer relationships when dealing with Russian crude oil and refined products, a government official said on Friday…

Insurers Count the Cost of Ships Snagged in Ukraine Crisis

Feb 24, 2023

Insurers are facing half a billion dollars in claims for up to 60 commercial ships still stuck in Ukraine a year after the start of the war with Russia, industry sources said.When the conflict started, more than 90 merchant ships - many with food cargoes onboard - and some 2…

Take a Hyke: Swarm Tech for Ferries

Feb 24, 2023

Apps, big data, tech, software and cutting-edge innovation were hallmarks at last year’s Sea Tech conference in Brest, France. During one session, for example, on electronic charting, the speakers made reference to “data as fuel.” For vessel operations…

Marine Power - CEO in Focus: Chris-Marine’s Jens Groth

Feb 24, 2023

Malmö, Sweden-based Chris-Marine is long-tenured in the business of keeping engines running smoothly, efficiently. Led by its energetic young CEO Jens Groth, this 60-year-old- company finds itself in transition: firmly rooted in its traditional…

Pushing the Envelope: A H2 Project Highlights French Teamwork on Alt-Energy

Feb 24, 2023

At the Sea Tech Week Maritime Transport conference this past September, held in Brest, France, there was no shortage of big-picture, creative ideas pertaining to maritime shipping and alternative energy.One such project, called Seaguel, was…

Emissions Winners, Losers on Far East to U.S. West Coast Trade

Feb 24, 2023

Xeneta returns this week with a second ranking of carrier carbon emissions, this time focused on the Far East to U.S. West Coast Trade.'Why are we doing this? We want to shine a light on the importance of green shipping and spotlight the progress of carriers…

Gastrade Sees Decision On Second LNG Terminal This Year

Feb 23, 2023

Greece’s Gastrade said on Thursday it expects to take a final investment decision on developing a second gas floating storage and regasification unit (FSRU) off the country’s northern port of Alexandroupolis by the end of the year.With Europe…

Current News

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Xeneta Warns Freight Rates May Continue to Plummet Despite New Trade Deals

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