'Global fertilizer shipments have fallen 11% y/y since the start of the Iran war. The closure of the Strait of Hormuz has restricted fertilizer exports from the Persian Gulf, tightening the global supply and increasing prices. The ceasefire agreement between the US and Iran could lead to a rebound in shipments,” says Filipe Gouveia, Shipping Analysis Manager at BIMCO.Under normal conditions, 16% of global fertilizer shipments come from the Persian Gulf and pass through the Strait of Hormuz…
Iran's Supreme National Security Council said in a statement on Thursday that the country's Persian Gulf Strait Authority will take measures to issue fast authorizations to ships wanting to pass through the Strait of Hormuz as per the memorandum of understanding signed by Tehran and Washington…
More than 130 charities, experts and celebrities including Brian Cox CBE, Alan Cumming OBE, Zoë Wanamaker CBE, and Joanna Lumley DBE, are calling for a ban on live exports.Led by Compassion in World Farming, the global partners from 33 countries including Eurogroup for Animals…
NYK Bulkship (Asia), a Singapore-based company of the NYK Group, has concluded a time-charter contract with JERA for two very large gas carriers (VLGCs).The two VLGCs are expected to transport low‑carbon ammonia produced in Louisiana to JERA’s Hekinan Thermal Power Station in Japan…
VINGA vessel naming ceremony and 40 years of design collaborationcutFOLDER-VINGA-serien-webb.pdf [Full background and tech spec - MR DEC 2026cutVinga VesselA newly built tanker in Furetank's VINGA series will be named at the Port of Uddevalla on 28 August…
Imports to the busiest U.S. container port in Los Angeles hit the second-highest level in history during May, as retailers rushed in products like plastic school supplies before cargo ship owners start recouping higher fuel costs from the Iran war on July 1…
Sallaum Lines has placed an order for two next-generation 8,600-CEU Pure Car and Truck Carriers (PCTCs) at Xiamen Shipbuilding Industry Co., Ltd. (XSI), with options for two additional vessels, marking the largest shipbuilding investment in…
While bombs are falling in the Middle East, EU Member States continue to export live animals to the region, with the European Commission (EC) refusing to be held accountable, says the Eurogroup for Animals, the French animal welfare organization…
The United States issued sanctions against Cuban state oil company Union Cuba Petroleo (CUPET), the Treasury Department website showed on Thursday, adding more obstacles for the island's government to import much-needed fuel.Washington has imposed sanctions on an array of Cuban entities and people…
The Austrian livestock dealer allegedly responsible for the weeks of livestock suffering and death on the Spiridon II is to appear before the Krems Regional Court in Austria on Friday as part of a civil lawsuit. The importers of the animals accuse him of fraud…
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…
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…
Shipments of limestone from U.S. quarries on the Great Lakes decreased 8.1 percent from May of last year to 2.7 million tons. May’s loadings were also below the month’s 5-year average by 5.4 percent.Year-to-date, the Lakes U.S. limestone trade totals 3…
Venezuela's oil exports rose slightly to 1.25 million barrels per day in May, its third consecutive month of increase, fueled by more cargoes to the U.S., India and Europe, shipping data showed on Monday.Under the U.S.-supported government of interim President Delcy Rodriguez…
