Shipping group Maersk raised its full-year profit forecast on Thursday as robust global container demand defied fears that tariffs would hit trade, although the company predicted a slowdown later this year.Maersk, viewed as a barometer of world trade…
U.S. President Donald Trump issued an executive order on Wednesday imposing an additional 25% tariff on goods from India, saying the country directly or indirectly imported Russian oil.The additional tariffs mean India will face the highest levy along with Brazil…
Russia plans to increase exports from its western ports to nearly two million barrels per day in August, about 200,000 bpd more than a previous estimate, after two refineries cut runs following Ukrainian drone attacks, two industry sources said…
Global freight forwarder Expeditors International of Washington reported second-quarter profit and revenue above Wall Street estimates on Tuesday, helped by higher airfreight and ocean container volumes and bigger custom fees.Airfreight tonnage…
Thousands of license applications by U.S. companies to export goods and technology around the globe, including to China, are in limbo because turmoil at the agency in charge of approving them has left it nearly paralyzed, two sources said.While U…
“We estimate the dry bulk supply/demand balance to weaken in both 2025 and 2026, compared to 2024. Demand growth is expected to slow, impacted by a weaker economic outlook for China and the world and a shift in US trade policy,” says Filipe Gouveia…
The London P&I Club has renewed calls on ship owners, operators and charterers to address potential risks when loading Flexible Intermediate Bulk Containers (FIBCs) containing dry chemicals. The warning follows a number of incidents reported…
Argentina, one of the world's largest grains suppliers, will next month send its first shipment of corn to China since Beijing green lit imports in 2023, according to data from local shipping agency NABSA seen by Reuters on Tuesday.The Association of Argentine Cooperatives (ACA)…
The Port of Klaipėda has announced a request for expressions of interest (EOI) in the Klaipėda Southport Development Project, the most extensive expansion in the port’s history. This project aims to increase Klaipėda’s cargo handling capacity…
An Indian company shipped $1.4 million worth of an explosive compound with military uses to Russia in December, according to Indian customs data seen by Reuters, despite U.S. threats to impose sanctions on any entity supporting Russia's Ukraine war effort…
“We forecast that bulker deliveries will gradually increase this year and in 2026, reaching 41.2m Deadweight Tonnes (DWT) and a six-year high. Bulker newbuilding contracting was strong in 2023 and 2024, and several of the ships ordered during…
The volume of full containers carrying goods entering or leaving Spain via the docks of Valenciaport continues to rise, helping offset the decline in transhipment containers—those that call at Valenciaport en route to other international destinations…
Port Houston marked a milestone in June, surpassing 2 million twenty-foot equivalent units (TEUs) handled year-to-date. Container volumes for the month totaled 331,864 TEUs, a 2% dip compared to the same month last year, but volumes remain up 3% year-to-date at 2…
Current global economic and geopolitical landscapes are shaped by several key uncertainties. Tensions between Israel and Iran, particularly regarding the Strait of Hormuz, pose risks to regional stability and energy supply routes. Similarly…
Port of Oakland container volume declined in June as shippers and carriers adjust to softening demand and ongoing tariff uncertainty. The Port handled 168,460 TEUs (twenty-foot containers), down 10.1% from May, and 12.8% from June 2024, when 193…
