'During April to May, Western Africa’s clean petroleum product (CPP) imports fell 44% year on year, from 1,144 thousand barrels per day (kbpd) to 642 kbpd,” says Niels Rasmussen, Chief Shipping Analyst at BIMCO.The drop in import volumes cut tonne miles by 47% year on year…
Escalating geopolitical tensions and regional conflicts are having a profound impact on international trade, subjecting supply chains to intense operational volatility, rigid compliance demands, and significant financial pressures. Out of necessity…
Shipments of limestone from U.S. quarries on the Great Lakes decreased 8.1 percent from May of last year to 2.7 million tons. May’s loadings were also below the month’s 5-year average by 5.4 percent.Year-to-date, the Lakes U.S. limestone trade totals 3…
Venezuela's oil exports rose slightly to 1.25 million barrels per day in May, its third consecutive month of increase, fueled by more cargoes to the U.S., India and Europe, shipping data showed on Monday.Under the U.S.-supported government of interim President Delcy Rodriguez…
Maersk has announced the launch of FI2, a new dedicated ocean service connecting Far East Asia to the Indian subcontinent, with the first Westbound sailing departing Shanghai on June 4.The service has been introduced in direct response to growing…
The MISC Group revenue of RM2,891.4 million ($729 million) was 2.7% higher than the revenue for the period ended March 31, 2025.The increase was mainly due to higher revenue from the company’s Petroleum and Product Shipping segment, primarily driven by higher freight rates and earning days…
OFFERS ARE INVITED for the purchase of Supramax Bulker “CBW LIAN YUN GANG” (IMO No:9539834) of Hong Kong, strictly on an “as is where-is” basis pursuant to An order of the Federal High Court of Nigeria. The Vessel is currently lying at the anchorage in the territorial waters of Nigeria…
Oil prices fell nearly 7% on Monday as optimism grew that the United States and Iran were moving closer to a peace deal that would reopen the Strait of Hormuz, even though Washington and Tehran played down hopes for an imminent breakthrough…
U.S. President Donald Trump said on Sunday he had told his representatives not to rush into any deal with Iran, as his administration played down hopes of an imminent breakthrough in the three-month-old war that had been raised a day earlier…
CMA CGM delivered a resilient first quarter, but the numbers underscore the increasingly complex environment facing the global container shipping and logistics giant.The Marseille-based group reported first-quarter revenue of $13.23 billion…
'So far this year, ship transits via the Panama Canal have increased 8% y/y to a daily average of 38, driven by the tanker sector. Transits have been especially high during the past five weeks, rising 16% y/y, as US energy exports to the Pacific jumped…
Rio Tinto has celebrated the shipment of 8 billion tonnes1 of iron ore to global markets from the Pilbara region, 60 years after the company’s first shipment set sail from Western Australia for Japan.The milestone shipment departed from Cape Lambert port aboard the Juno Horizon on May 19…
Three supertankers were crossing the Strait of Hormuz on Wednesday carrying oil bound for Asian markets, after waiting in the Gulf for more than two months with 6 million barrels of Middle East crude on board, while another was entering, shipping data on LSEG and Kpler showed…
Dassault Systèmes announced the real-world deployment of its virtual twin technology for autonomous cargo operations with Singapore-based deep-tech startup iHawk Global. The system is currently being piloted at an active 50,000 sqm container yard in Singapore…
The National Association of Waterfront Employers (NAWE) released new survey findings based on input from 25 senior port and terminal executives, revealing that U.S. ports require billions in near-term capital investment to maintain efficiency and global competitiveness…
