Venezuelan and U.S. officials are discussing exporting Venezuelan crude to refiners in the United States, five government, industry and shipping sources told Reuters on Tuesday.Venezuela has millions of barrels of oil loaded on tankers and in…
Venezuela's state-run oil company PDVSA has begun cutting crude production because it is running out of storage capacity due to an ongoing U.S. oil blockade that has reduced exports to zero, piling more pressure on an interim government trying to hang onto power in the face of U…
Chicago soybean futures ticked down on light post-holiday trading volume on Friday, as competitively priced Brazilian beans and favorable South American weather pressured the commodity, analysts said.Wheat and corn futures also edged down, but corn received some support from the brisk pace of U…
DHT Holdings, Inc. has taken delivery of a VLCC newbuilding from Hanwha Ocean Co., Ltd. The vessel is named DHT Antelope and is entering the spot market. It is the first of a series of four VLCC newbuildings to be delivered to the company during the first half of 2026…
Cocoa futures were sharply higher on Monday boosted partly by a slowdown in port arrivals in top grower Ivory Coast, while raw sugar and coffee prices also rose.COCOA* London cocoa rose 6.7% to 4,498 pounds a metric ton by 1447 GMT.* Exporters…
The Port of Oakland handled 174,239 twenty-foot containers (TEUs) in November 2025, reflecting a 4.1% year-over-year decline and a 4.7% decrease from October, as cargo volumes reflected typical seasonal slowing and continued adjustments in global shipping patterns…
The Baku International Sea Trade Port, a key hub on the Middle Corridor, will have handled 37% more containers in 2025 than the previous year and aims to increase the volume again in 2026, port chief Eldar Salakhov said.By the end of the month…
Venezuela on Thursday authorized two very large crude carriers (VLCC) to set sail for China, according to two sources familiar with Venezuela's oil export operations, which would be only the second and third supertankers to depart the country since the U…
'Assuming a significant increase in recycling of older ships and a reduction in average sailing speeds, we forecast that average market conditions in 2026 will be like those in 2025 but 2027 could see slightly weaker market conditions. We forecast ship demand growth of 2…
Venezuela's state-run oil company PDVSA on Wednesday was resuming oil cargo deliveries at its terminals following a cyberattack that affected its centralized administrative systems, according to the company and sources.PDVSA, which is grappling with the U…
Shipping companies Hapag-Lloyd and North Sea Container Line (NCL) have won a tender to use low-emission fuels derived from hydrogen on container ships from 2027 for at least three years to reduce CO2 emissions.Hapag-Lloyd will power five large container ships with about 70…
DFDS and CLdN have agreed to extend their space charter agreement on the Zeebrugge-Gothenburg route for an additional five years, while increasing freight capacity. This will enable both companies to better serve customer demand and continue to develop the route and reduce the environmental impact…
The world’s largest wind-powered, industrial-scale, roll on/roll off vessel Neoliner Origin has returned for its second visit to the only U.S. port it is calling, the Helen Delich Bentley Port of Baltimore.The ship, which uses sails as main propulsion…
The third quarter of this year has broken all records when it comes to the most loaded containers transported to or from major Danish ports.Containerized goods equivalent to 137,000 TEU containers arrived at a Danish port in the third quarter…
Bunker barge United LNG I was christened in the port of Antwerp, an important moment for shipping company Somtrans, main shipbuilding contractor RensenDriessen and outfitting partners TeamCo Shipyard and Gas & Heat.The vessel will enter service in early 2026…
