German container shipper Hapag-Lloyd said on Thursday the global oversupply of container ships and a crisis in the Red Sea will force it to cut costs in 2024, adapting sailings and ports following a bruising 83% fall in net profit.Ship operators…
Despite mandatory international and national regulations on the transport of dangerous goods, these goods continue to be mis-declared or not declared, driving an alarming increase in ship fires. Addressing the need for improved safety measures…
Europe's largest seaport is boosting its security efforts in an attempt to prevent illicit drugs from making their way through the port.As of March 31, 2024, all import containers arriving in the port of Rotterdam from Latin America will only be securely and reliably released via the Secure Chain…
NextDecade said on Monday it was targeting a final investment decision (FID) and plans to start construction of the fourth liquefaction train at its Rio Grande liquefied natural gas (LNG) facility in Texas by the second half of 2024.The Rio…
U.S. importers are playing the waiting game with new container shipping contracts, gambling the rate spike from Red Sea vessel attacks will fade and put them in a stronger negotiating position, shipping industry analysts said.Iran-aligned Houthi…
One of Turkey's mid-sized Mediterranean oil terminals - the Dortyol terminal - will no longer accept Russian imports after receiving record volumes last year, amid an increase in sanctions pressure by the United States.Turkey has become one…
Around 14,500 livestock sailed from Australia to Israel on Sunday for the second time, two months after their first voyage was curtailed by the threat of attack by Houthi militants in the Red Sea.The animals left Fremantle port in Perth on Jan…
Yara and GHC SAOC, a wholly owned subsidiary of India’s Acme Cleantech, have signed a binding agreement for the supply of ammonia with reduced CO2 emissions from Acme to Yara on a long-term basis.Both companies had previously signed a non-binding…
The Australian Alliance for Animals and the RSPCA have expressed dismay over the decision by Australia’s Department of Agriculture to allow the re-export of more than 15,000 sheep on board the Bahijah to the Middle East.Originally, 16,000 Australian…
Imports of fuel oil bound for the U.S. Gulf Coast fell to a five-year low last month as refiners ran more cheap, heavy Canadian crude and geopolitical tensions in the Middle East pressured fuel oil flows.Fuel oil deliveries to the Gulf Coast dwindled in February to just 318…
New U.S. sanctions on Moscow are more likely than previous ones to cut Indian imports of thermal coal from Russia because they specifically cite top exporters SUEK and Mechel, three major traders of Russian coal said.Russia, historically a minor exporter of the fuel to India…
France's CMA CGM has completed a $5 billion takeover of Bollore Logistics, its biggest-ever acquisition, and said it had funds for more deals as it seeks to counter volatility in container shipping.The acquisition of the logistics division of French conglomerate Bollore…
January was a record-breaking month at Port Houston.In the first month of this year, total container volumes at the Texas seaport reached 332,961 twenty-foot equivalent units (TEU)—a 4% increase compared to the same month last year, and more than any other January on record at the port's facilities…
French shipping company CMA CGM and its business partners COSCO Shipping 601919.SS, Evergreen 2603.TW and OOCL said on Tuesday that they had agreed to extend their 'OCEAN Alliance' co-operation deal for another five years beyond 2027, to 2032…
Cargo traffic in the north German port of Hamburg fell by 6.9% last year to 7.7 million standard containers (TEU) and making a forecast for 2024 is difficult, the industry association Port of Hamburg Marketing (HHM) said on Tuesday.'The decline…
