Cargo News

 

US LNG Rises 2% on LNG Plant Volume Data

Dec 18, 2024

U.S. natural gas futures climbed about 2% on Wednesday on rising flows to the nation's liquefied natural gas (LNG) export plants and expectations utilities pulled more gas out of storage than usual to heat homes and businesses during extreme cold for a second week in a row last week…

Trump Tariff Threat Lifts US Ocean Imports

Dec 18, 2024

When U.S. presidential candidate Donald Trump started talking about new import tariffs on the campaign trail, Danny Reynolds checked the tags on wedding dresses in his bridal salon and sped up some shipments to his independent clothing store in Indiana…

Broad Sector Declines puts Baltic Index at 17-month low

Dec 18, 2024

The Baltic Exchange's dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, fell on Wednesday, hitting its lowest level in nearly 17 months, as rates dipped across all vessel segments.The index, which factors in rates for capesize…

Biden's DoE LNG Export Study Tepid on New Permits

Dec 17, 2024

The administration of U.S. President Joe Biden released a long-awaited study on the economic and environmental impacts of liquefied natural gas exports on Tuesday, saying the results underscored the need for a cautious approach to new permits…

Baltic Index Retreats Across All Segments

Dec 17, 2024

The Baltic Exchange's dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, retreated on Tuesday rates dipped across all vessel segments.The index, which factors in rates for capesize, panamax and supramax shipping vessels…

Tanco adds $8.2 million to IA Port Investments

Dec 17, 2024

Tanco Terminals is constructing a $8.2 million expansion of its liquid tank farm at Ports of Indiana-Burns Harbor to support growth in Lake Michigan shipments. Tanco is a third-generation, family-owned business operated at the port since 1977…

EU Improves Shark Trade Monitoring

Dec 16, 2024

The European Commission is actively following up to the European Citizens’ Initiative (ECI) 'Stop finning – Stop the trade,' which asked the Commission for action to end international trade of loose shark fins.From January 2025, the Commission…

Houston’s Volumes Surge to Best Month of Year

Dec 16, 2024

Port Houston Container Volumes Up 24% in November.Port Houston is on track to close 2024 as one of its most successful years to date, handling 3,799,573 twenty-foot equivalent units (TEUs) through November—a 9% increase over the same period last year…

US Study of LNG Exports due on Tuesday

Dec 16, 2024

President Joe Biden's administration will release as soon as Tuesday a study on exports of liquefied natural gas that is expected to stop short of saying the trade is not in the public interest, two industry sources with knowledge of the issue said…

Car Carrier Vessel Market Outlook for '25 is Bearish

Dec 16, 2024

Political winds blowing a raft of new tariffs and incoming supply uptick suggests a volatile 2025 Bearish sentiment crept into the car carrier market in June after the European Union (EU) announced increased import tariffs for Chinese-made electric vehicles (EVs) up to as much as 45…

Baltic Index sees Fourth Consecutive Weekly Loss

Dec 13, 2024

The Baltic Exchange's dry bulk sea freight index, which measures shipping rates for vessels transporting dry bulk commodities, recorded its fourth consecutive weekly decline on Friday, dragged down by losses across all vessel segments for the week…

Authorities Attempt to Reopen Germany's Mosel River

Dec 13, 2024

Navigation authorities will attempt to install a temporary lock system on the river Mosel in west Germany this weekend to enable the river, an important route for grains and rapeseed shipments to and from Germany and France, to reopen to cargo shipping…

Venture Global Louisiana Plaquemines LNG Plant "on track"

Dec 13, 2024

U.S. liquefied natural gas (LNG) company Venture Global LNG's Plaquemines export plant under construction in Louisiana was on track to pull in enough natural gas on Friday to produce first LNG, according to data from financial group LSEG and energy analysts…

Maersk says Global Trade could rise 7% in 2025

Dec 13, 2024

Maersk expects global trade growth rising as much as 7% next year, bolstered by strong demand from the United States where a potential port strike and tariffs on foreign-made goods loom, an executive at the global carrier said on Wednesday.'We predict anywhere between 5 and 7% (growth) overall…

New Functions for BlueBox Systems Freight Tracker

Dec 11, 2024

BlueBox Systems, developers of intelligent freight tracking solutions, has further developed its BlueBoxCargo tracking platform.The new features include the tracking of CO₂ emissions for sea freight, simplified shipment registration for smaller…

Logistics News

Ukrainian Drones Hit Tanker in Russia's Rostov Port

Ukrainian Drones Hit Tanker in Russia's Rostov Port

Hapag-Lloyd and NCL to Power Ships with e-Fuels from 2027

Hapag-Lloyd and NCL to Power Ships with e-Fuels from 2027

PhilaPort CEO Jeff Theobald Announces Retirement

PhilaPort CEO Jeff Theobald Announces Retirement

PDVSA Resumes Oil Cargo Deliveries After Cyberattack

PDVSA Resumes Oil Cargo Deliveries After Cyberattack

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