Contecon Guayaquil (CGSA), Ecuador’s main port and subsidiary of ICTSI, has signed a new commercial agreement for the Asia-South America (ASA) service, further strengthening Contecon Guayaquil’s connectivity with the Asian market.The agreement…
Global goods trade continued to expand at a moderate pace in the fourth quarter of 2024 according to the latest World Trade Organization (WTO) Goods Trade Barometer. However, prospects for trade in 2025 are uncertain.The Goods Trade Barometer is a composite indicator for world trade…
A tanker carrying Iranian oil to Syria turned round in the Red Sea to head away from its original destination after the fall of Syrian President Bashar al-Assad, according to ship tracking data.The Suezmax tanker Lotus, carrying around 1 million barrels of Iranian oil…
The first shipment from Egypt’s purchase of 430,000 metric tons of Russian wheat began loading on Saturday, following a nearly three-month delay, three sources with direct knowledge of the matter told Reuters.The shipment, consisting of 63,000 tons…
An Egyptian military agency has taken over the country's import of strategic commodities, a letter seen by Reuters showed, replacing a decades-old state institution to take over international buying tenders and also conduct direct purchases which have in recent weeks shaken the wheat market…
The Baltic Exchange's dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, snapped a seven-session losing streak on Friday, supported by gains in larger vessels.The index .BADI, which factors in rates for capesize…
U.S. corn futures climbed to a two-week high on Friday on technical buying and support from strong U.S. export sales, putting the market on pace for its strongest weekly advance in a month.Soybeans followed corn higher, although forecasts for a record-breaking Brazilian harvest limited gains…
The summer of 2013 was a breaking point for the Port of New York and New Jersey.“It was like Armageddon,” said Bethann Rooney, port director at the Port Authority of New York and New Jersey. “It was the worst cargo congestion we’ve ever seen…
Six new electric tugboats, including the groundbreaking Volta 1, have arrived in the Port of Antwerp-Bruges, with t e Volta 1, Europe’s first fully electric RSD tugboat, serving as the poster child for the port’s ambition to achieve climate neutrality by 2050…
SeaPort Manatee is furthering its ship-to-shore cargo-handling capabilities with addition of two new Konecranes Gottwald Generation 6 mobile harbor cranes at the maritime trade hub for Southwest and Central Florida and beyond.The latest pair…
The Lake Carriers' Association (LCA) on Wednesday reported that shipments of limestone on the Great Lakes totaled nearly 3 million tons in November, a decrease of 4.9 percent compared to a year ago. Limestone cargos were a mere 8,340 tons below the month’s 5-year average…
American Roll-On Roll-Off Carrier Group Inc. (ARC) said that M/V ARC Endeavorentered the Maritime Security Program (MSP) fleet on December 1, strengthening ARC’s position for U.S.-flag Roll-on Roll-off (Ro-Ro) shipping services.M/V ARC Endeavor replaces ARC’s M/V Endurance in the MSP fleet…
Pakistan has deferred its liquefied natural gas (LNG) contract with Qatar for a year, Petroleum Minister Musadik Malik said, adding that the country will now get LNG cargoes from Qatar in 2026 instead of 2025.Annual power use in Pakistan, which gets over a third of its electricity from natural gas…
“Between January and November 2024, Russian seaborne dry bulk exports have decreased 5% y/y, driven by a 10% y/y decrease in coal shipments. The price competitiveness of Russian coal has deteriorated, compared to Mongolian, Indonesian and Australian cargoes…
Empresa Portuaria San Antonio (EPSA) filed a Material Event with the Financial Market Commission (CMF), informing that San Antonio Terminal Internacional (STI) had met the investment conditions agreed in 2020 and, therefore, its concession will be extended until January 1…
