The Baltic Exchange's dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, fell to a near three-week low on Wednesday, pulled down by weaker capesize and panamax vessel rates.The index, which factors in rates for capesize…
U.S. President-elect Donald Trump does not intend to spare crude oil from his planned 25% import tariffs on Canada and Mexico, sources told Reuters on Tuesday, as the oil industry warned the policy could hurt consumers, industry and national security…
Sallaum Lines has ordered six additional Pure Car and Truck Carrier (PCTC) vessels from China, two with Fujian Mawei Shipbuilding Co Ltd. (2 x 7,500 RT SDARI design) and four with China Merchants Jinling Shipyard (Nanjing) Co. Ltd. (4 x 7,400 RT Deltamarin design)…
PSA Singapore (PSA) and Evergreen Marine Corporation (EMC) have established a joint venture in Singapore, aiming to enhance operational excellence and achieve greater synergies in container operations.The joint venture terminal is expected to commence operations by the end of 2024…
Port Houston handled 3,430,212 TEUs through October of this year - 7% more than the same period last year. Container volumes in October specifically fell 15% compared to last October, reaching 309,623 TEUs.Despite this slight dip, volumes are expected to be solid through the end of this year…
A key consideration in planning for the future of offshore wind is designing and delivering the maritime assets that are 'future-proof', able to scale with the growing size of offshore wind pieces and components.A collaboration between Concordia Damen…
The lowest offer in an international tender from Bangladesh's state grains buyer to purchase and import 50,000 metric tons of wheat which closed on Monday was assessed at $286.08 a metric ton CIF liner out, European traders said.Offers are still being considered and no purchase has yet been made…
Concerns that Europe is facing a natural gas supply crunch this winter are overblown, with the liquefied natural gas (LNG) market already stepping up to avoid any shortfall, albeit at higher prices.European natural gas prices climbed to the highest level in two years last week…
New Zealand’s Maritime Union, representing both seafarers and stevedores, has voted to oppose the proposed resumption of live animal exports.A ban was implemented by the previous government after the Gulf Livestock 1 capsized in 2020 leaving 41 crew and 6…
A climate change protest off the coast of Australia's New South Wales State forced an inbound ship to turn back from the country's largest terminal for coal exports on Sunday, the port operator said.New South Wales police said 170 protesters…
The Port of Oakland’s container volume registers continued growth in the fourth quarter. Total container volume rose 10% over recorded volumes during the same period in 2023.Loaded imports continue to grow for the 12th straight month. Import volume rose 11…
A group of protesting farmers on Thursday sought to block operations at the port of Bordeaux in southwestern France, as a new bout of agricultural anger intensified in Europe's largest crop-producing country.Farmers in their tractors blocked all of the access roads to the port…
At a ceremony in August, Cambodia's leader Hun Manet knelt to receive blessings from saffron-robed monks as fireworks and balloons heralded the breaking of ground for a canal he hopes will transform his country's economic fortunes. Addressing hundreds of people waving the Cambodian flag…
“The Baltic Dry Index (BDI) has recovered since the start of November due to stronger capesize freight rates, but the index is still down 10% y/y. The capesize market has benefited from a 1% increase in shipments so far in November compared to October 2024 and November 2023…
The New Zealand Government’s plan to repeal its ban on live export by sea has been pushed back. In a statement, the Minister championing the restart of the trade, Andrew Hoggard, himself a farmer who has never exported his animals, confirmed…
