Cargo News

 

Greek Dockworkers Halt Ammunition Cargo Bound for Israel

Oct 18, 2024

Dozens of members of a Greek dockworkers' union have blocked the loading of a container of ammunition destined for Israel in protest against the Gaza war, coast guard and union officials told Reuters on Friday.The container, which arrived at Greece's Pireaus port on Thursday…

HHLA Sees Cargo Traffic Ramping Up Ahead of US Election

Oct 16, 2024

Freight trade is ramping up considerably in the run-up to the U.S. presidential election amid fears over rising protectionism in the world's biggest economy, the head of German logistics company HHLA said in a media interview published on Wednesday…

Jet Fuel, up 11%, Powers Tanker Market

Oct 16, 2024

“During the first nine months of 2024, seaborne shipments of jet fuel increased 11% over 2023,' said Niels Rasmussen, Chief Shipping Analyst at BIMCO. 'Shipments were equivalent to 461 million barrels or 1.7 million barrels per day (mbpd). At the same time…

Six Die in Russian Attack on Odesa

Oct 10, 2024

A Russian ballistic missile attack on Wednesday on the port infrastructure of Ukraine's southern Odesa region killed six people and injured eight, Odesa Regional Governor Oleh Kiper said.The injured were all Ukrainian nationals, Kiper wrote on the Telegram messaging app…

US LNG Exports Dip in September

Oct 09, 2024

U.S. exports of liquefied natural gas fell slightly in September as plant maintenance trimmed output, while Europe remained the leading destination, data from financial firm LSEG showed.Gulf Coast plants escaped any major impact from hurricanes last month…

Tanker Vessels Flock to Guyana as Oil Exports Soar 58%

Oct 09, 2024

“Year-to-date, Guyana’s oil exports have jumped to 598 thousand barrels per day (kbpd), a 58% year-on-year increase, adding to the growth achieved in previous years. Over the past three years, the average annual growth rate has hit 76%,” says Niels Rasmussen…

Secret Footage Shows Calves Beaten Before Export

Oct 08, 2024

Irish TV broadcaster RTÉ Investigates has aired undercover footage of Irish bull calves being repeatedly struck in the face, force-fed, jabbed with tools and dragged by the ears and tail. The report follows a report by RTÉ Investigates aired…

BP Wins Favorable Senegal LNG Arbitration Decision

Oct 08, 2024

Kosmos Energy said on Tuesday a Paris-based arbitrator has ruled in favor of BP, prohibiting Kosmos from selling to third parties liquefied natural gas from the Greater Tortue (GTA) project offshore Senegal and Mauritania.LNG is key to BP's strategy and broader energy transition plan…

Global Supply Chain Pressures Easing After Strike

Oct 06, 2024

The resolution of a U.S. port strike is likely to keep global supply chain pressures on a calm footing, allowing for a continued slowdown in inflation, an index tracked by the New York Federal Reserve showed on Friday.The regional Fed bank's global supply chain pressure index…

US Port Strike Leaves Huge Cargo Backlog In Its Wake

Oct 04, 2024

U.S. East Coast and Gulf Coast ports began reopening late on Thursday after dockworkers and port operators reached a wage deal to settle the industry's biggest work stoppage in nearly half a century, but clearing the cargo backlog will take time…

Great Lakes Limestone Trade Up 9.4%

Oct 04, 2024

Shipments of limestone on the Great Lakes totaled 3.8 million tons in September, an increase of 9.4% compared to a year ago, according to latest figures from trade group the Lake Carriers’ Association (LCA). Limestone cargos were also above the month’s 5-year average by 4…

East Coast Port Strike Ends

Oct 03, 2024

U.S. dock workers and port operators have reached a tentative deal that will immediately end a three-day strike that has shut down shipping on the U.S. East Coast and Gulf Coast, the International Longshoremen's Association (ILA) union and the United States Maritime Alliance (USMX) said on Thursday…

Great Lakes Iron Ore Trade Dips 1.9%

Oct 03, 2024

Shipments of iron ore from U.S. ports on the Great Lakes totaled 5.5 million tons in September, a decrease of 1.9% compared to a year ago, according to latest figures from industry trade group the Lake Carriers’ Association (LCA). Shipments were above the month’s 5-year average by 6…

Container Spot Rates Plummet 43%

Oct 02, 2024

“The Shanghai Containerized Freight Index (SCFI) fell another 10% in week 39. In total, the SCFI has dropped 43% during the third quarter, the largest Q3 drop in a year not affected by the COVID pandemic (2020-2023) since the SCFI was launched in October 2009…

European Automakers to Feel Biggest Impact from US Dockworkers Strike

Oct 01, 2024

European automakers are the most likely to be affected by the dockworkers strike at U.S. East Coast and Gulf Coast ports because they rely heavily on those locations, but a longer walkout could prove 'debilitating' to the entire sector, industry officials and analysts said…

Logistics News

Logistical Bottlenecks Threaten Competitiveness of Brazilian Agribusiness

Logistical Bottlenecks Threaten Competitiveness of Brazilian Agribusiness

Africa Global Logistics to Invest in Inland Logistics

Africa Global Logistics to Invest in Inland Logistics

Hapag-Lloyd Freight Demand Boosted by US-China Trade Truce

Hapag-Lloyd Freight Demand Boosted by US-China Trade Truce

Edison Receives First Delivery of US LNG From Venture Global

Edison Receives First Delivery of US LNG From Venture Global

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A regulator warns that a large part of North America could face power shortages this summer.
Algeria has bought 660,000 tonnes of milling wheat at a tender, traders claim
Ukraine rolled steel imports down 6.4% in 2025 so far, producers say