Cargo News

 

Snake Island Port inks 45-Year Concession with NPA

Dec 03, 2024

Nigerdock has completed an agreement with the Nigerian Ports Authority (NPA) for the commencement and expansion of Snake Island Port, an 85-hectare, multipurpose port facility comprising three terminals located within Snake Island Integrated Free Zone…

China, U.S. Trade Frictions Heat Up in Advance of Trump Inauguration

Dec 03, 2024

China has banned exports to the U.S. of items related to the minerals gallium, germanium and antimony that have potential military applications, its commerce ministry said on Tuesday, a day after Washington's latest crackdown on China's chip sector…

FMC Commish Pushes for PR as an Offshoring, Distribution Hub

Dec 03, 2024

A Statement from Carl W. Bentzel, Commissioner with the U.S. Federal Maritime Commission.Events of recent years have made many who are interested in trade, transportation, and supply chain issues question the model of relying predominantly on…

Brazil Braces for Bumper Soy Crop, Large Export Season

Dec 02, 2024

Benevolent weather and use of quality farm inputs such as seeds, fertilizers and chemicals will help Brazilian soybean growers reap an enormous crop in the 2024/25 season, according to agribusiness consultancies Celeres and StoneX on Monday…

Dearth of Vessels Leave Basra Refinery Tanks Full

Dec 02, 2024

Iraq halted all operations at the Shuiaba refinery in Basra over the weekend following the overloading of fuel oil storage tanks, according to three refinery officials.The disruption occurred after no ships arrived at the Khor Zuhair port to load exported fuel oil since mid-last week…

Brazil Grain Barges Return as Amazon Drought Eases

Nov 27, 2024

Transportation of soybeans and corn on barges along the Brazilian Amazon's Tapajos River, which had been suspended in early October due to dry weather, resumed at 50% capacity this week, operators said on Wednesday.Shipping began again on that waterway…

PREVIEW: IMO Maritime Safety Committee 109th session

Nov 27, 2024

The Maritime Safety Committee (MSC) will meet for its 109th session at IMO Headquarters in London (in-person with hybrid participation) from 2 to 6 December 2024.The meeting will be chaired by Mrs. Mayte Medina of the United States, supported by Vice-Chair…

Cheniere gets FERC OK for Corpus Christi LNG

Nov 27, 2024

Federal regulators on Wednesday gave Cheniere Energy  permission to introduce natural gas into its Corpus Christi expansion project, a document showed.The Federal Energy Regulatory Commission (FERC) said Cheniere could introduce natural gas to its fuel gas and hot oil systems…

Trump to Boost LNG Exports, Oil Drilling from Day 1

Nov 27, 2024

Donald Trump's transition team is putting together a wide-ranging energy package to roll out within days of his taking office that would approve export permits for new liquefied natural gas (LNG) projects and increase oil drilling off the U…

Big Bulk Ship Rates Drop, again

Nov 27, 2024

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…

Trump 25% Tariff Plan Includes Oil Imports

Nov 26, 2024

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 Orders Six PCTC Vessels

Nov 26, 2024

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, Evergreen Marine ink Box Terminal Ops JV

Nov 26, 2024

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 Volumes Dip in October

Nov 25, 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…

Offshore Wind RoRo Vessel Rotra Futura Launched

Nov 25, 2024

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…

Logistics News

Port Houston Surpasses 2 Million TEUs in June, Looks Ahead to Maritime Conference

Port Houston Surpasses 2 Million TEUs in June, Looks Ahead to Maritime Conference

Greek-Managed Tankers Divert Around Africa to Avoid Red Sea Attacks

Greek-Managed Tankers Divert Around Africa to Avoid Red Sea Attacks

Global Shipping's Q3 Outlook Centers on Geopolitical Instability (again)

Global Shipping's Q3 Outlook Centers on Geopolitical Instability (again)

Tideworks Technology’s Traffic Control Solution Deployed at Florida International Terminal

Tideworks Technology’s Traffic Control Solution Deployed at Florida International Terminal

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Sources say that the restart of Iraqi Kurdish oil exports is not imminent.
RPT-Asian spot LNG prices decline on muted demand, high inventories
Barcelona, Europe's most popular cruise port, will reduce its capacity amid concerns about overtourism