Cargo News

 

Australia Sets Date for End of Live Sheep Exports

May 12, 2024

Australia’s Minister for Agriculture has announced that the nation’s live sheep export trade is to end on May 1, 2028.The end date will be legislated in the Labor government’s current term, after the Department of Agriculture (DAFF) developed…

Building the Next-Gen Maritime Prepositioning Ship & Auxiliary Crane Ship

May 10, 2024

The Military Sealift Command’s Maritime Prepositioning Ships (MPS) and Auxiliary Crane Ships (ACS) were built 50 years ago to pre-position vehicles and supplies in forward locations and load or unload them in undeveloped or damaged port facilities…

Container Ship Deliveries Hit YTD Record

May 08, 2024

“In 2023, 2.3 million TEU of container ship capacity was delivered, beating the former all-time high by 37%. Year-to-date another record has been set as more than 1 million TEU has already been delivered during the first four months of the year…

Port Operator JSW Infrastructure Q4 Profit Rises 10%

May 03, 2024

JSW Infrastructure, India's No.2 private port operator by market capitalization, reported a near 10% increase in fourth-quarter profit on Friday, boosted by higher cargo volumes.The company, part of steel-to-energy conglomerate JSW Group, said consolidated net profit rose to 3…

Long Term Rates Edge Up Globally as Red Sea Conflict Continues

May 02, 2024

Ocean freight container carriers are treading a fine line between risk and reward during new contract negotiations as the market remains gripped by uncertainty in the Red Sea, according to new data on the Xeneta Shipping Index (XSI®).The latest…

Turkey Halts All Trade with Israel

May 02, 2024

Turkey stopped all exports and imports to and from Israel as of Thursday, the Turkish trade ministry said, citing 'worsening humanitarian tragedy' in the Palestinian territories.'Export and import transactions related to Israel have been stopped…

Electric Cars Pile Up at European Ports as Chinese Firms Struggle to Find Buyers

May 02, 2024

China’s automotive industry has revolutionised over the past decade, from producing basic western clones to making cars that equal the world’s best. As the manufacturing powerhouse of the world, China is also producing them in huge volumes.However…

US LNG Exports Fall for Fourth Straight Month

May 01, 2024

U.S. exports of liquefied natural gas (LNG) fell for a fourth consecutive month to 6.19 million metric tons in April from 7.61 million in March on production outages, preliminary data from financial firm LSEG showed on Wednesday.Recurring mechanical problems have hit Freeport LNG…

Brazil’s Import of Russian Clean Petroleum Products Jumps 135%

Apr 30, 2024

Since the European Union sanctioned Russian oil exports in 2022, crude oil and dirty and clean petroleum products (CPP) have found new buyers. “India and China have taken most of the crude oil and dirty products while Turkey and Brazil have emerged as the main buyers of CPP…

Concerns Voiced over Potential Restart of New Zealand’s Live Export Industry

Apr 29, 2024

The New Zealand government may restart the live export trade which has been banned since May 1, 2023.The ban was imposed in response to veterinarians, animal welfare advocates and the New Zealand public decrying conditions and outcomes for the animals…

Dry Bulk Supply/Demand Balance Predicted to Strengthen

Apr 25, 2024

BIMCO has released its Dry Bulk Shipping Market Overview & Outlook for April 2024, predicting that the supply/demand balance should strengthen in 2024, but weaken in 2025.This would be the result of ships returning to the Red Sea and Panama Canal…

US Military Starts Pier Construction off Gaza

Apr 25, 2024

U.S. troops have begun construction of a maritime pier off the coast of Gaza that aims to speed the flow of humanitarian aid into the enclave when it becomes operational in May, the Pentagon said on Thursday.President Joe Biden announced the…

Russia Reinsurer Backs Firms to get India Marine Insurance Permit

Apr 25, 2024

Russia's state-owned reinsurer has given financial backing to three Russian insurance firms, allowing them to get Indian approval to provide marine insurance cover to tankers, two sources said, as Moscow seeks to facilitate trade with India amid Western sanctions…

Rear Adm. Philip Sobeck: MSC Needs More Mariners, New Ships

Apr 25, 2024

Founded as the Military Sea Transportation Service (MSTS) and renamed Military Sealift Command in 1970, MSC today not only support the Navy, but we are the Department of Defense's provider of all sealift. Maritime Reporter & Engineering News recently interviewed Rear Adm…

First in "Prima Plus Class", Norwegian Aqua Launched

Apr 23, 2024

The uniquely painted Norwegian Aqua was launched at the Fincantieri  Marghera (Venice) shipyard, the first vessel in the Prima Plus class for Norwegian Cruise Line's (NCL).With external work now complete, the yard and its partners will forcus…

Logistics News

US Freight Industry Hopes for Back-to-School Demand Boost After Tariff Truce

US Freight Industry Hopes for Back-to-School Demand Boost After Tariff Truce

CMA CGM to Redeploy Fleet to Avoid US Port Fees on Chinese Vessels

CMA CGM to Redeploy Fleet to Avoid US Port Fees on Chinese Vessels

Israel Attacks Yemeni Ports, Says Houthi-Run TV Outlet

Israel Attacks Yemeni Ports, Says Houthi-Run TV Outlet

DFDS Reaches 10,000 Sailings in Türkiye

DFDS Reaches 10,000 Sailings in Türkiye

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