The spot price of liquefied natural gas (LNG) is continuing to meander at low levels amid ample supply from major exporters and signs that winter demand is easing in the top-importing regions of Asia and Europe.The spot price for LNG delivered to north Asia ended at $9…
Turkish President Tayyip Erdogan will discuss a new mechanism to allow Ukrainian grain exports through the Black Sea with his Russian counterpart Vladimir Putin during his upcoming visit to Turkey, Foreign Minister Hakan Fidan said on Sunday…
A ship carrying 16,000 sheep and cows that turned back from the Red Sea due to the risk of attack off Yemen was stranded at an Australian port in a heatwave on Friday as the exporter sought to offload at least some of the animals into quarantine…
U.S. shipping industry stakeholders told the Transportation Department they 'expected increased congestion at some U.S. container ports in the next four to six weeks as shippers re-route cargo to avoid the Red Sea,' the department said on Friday…
The Australian Department of Agriculture continues to assess an application to re-export the sheep and cattle currently loaded on the livestock carrier Bahijah.The government recalled the vessel after it diverted from the Red Sea over a week into its voyage to the Middle East…
Cargo volumes moved by U.S.-flag Great Lakes freighters in 2023 increased 6.5% compared to 2022, according to latest figures from trade group the Lake Carriers’ Association (LCA).The 81.4 million tons of cargo transported by the U.S. laker fleet 2023 was 1…
The Port of Brunswick in Georgia handled a record 775,565 units of autos and machinery in calendar year 2023, an increase of 15.6% over the previous year, according to the Georgia Ports Authority (GPA).“Thanks to our auto and heavy machinery customers…
Ships are calling the Spanish port of Barcelona with a delay of 10 to 15 days as they have to travel around Africa to avoid potential attacks in the Red Sea, port chief Lluis Salvado told reporters on Monday.The official said the delays affected ships carrying all kinds of products…
Hamilton Container Terminal (HCT), in collaboration with Hamilton-Oshawa Port Authority (HOPA Ports), and Canadian National Railway (CN), created a direct intermodal rail service between Hamilton, ON and Montreal, QC. The inaugural Hamilton-Montreal intermodal freight train…
DP World CFO Yuvraj Narayan said on Tuesday he expected that disruptions to shipping in the Red Sea as a result of Houthi attacks on vessels would hit European consumers hardest.'The cost of goods into Europe from Asia will be significantly higher…
India's petroleum consumption climbed to a new record last year and the country is on course to overtake China as the primary driver of incremental oil consumption before 2030.Urbanisation, industrialisation and the growth of the middle class…
Weeks of attacks by Iranian-backed Houthi militants on vessels in the Red Sea have disrupted shipping in the Suez Canal, the fastest sea route between Asia and Europe, carrying around 15% of global sea trade.For the European economy, already…
For Chinese businessman Han Changming, disruptions to Red Sea freight are threatening the survival of his trading company in the eastern province of Fujian.Han, who exports Chinese-made cars to Africa and imports off-road vehicles from Europe…
The Australian Government has recalled the livestock carrier Bahijah after it diverted from the Red Sea over a week into its voyage to the Middle East.The Bahijah loaded cattle and sheep in Fremantle, Western Australia, and departed for the Middle East on January 5…
South Carolina Ports reports its Inland Ports Greer and Dillon both handled a record number of containers in 2023.Inland Port Greer moved 175,873 containers on and off trains in the Upstate last year, a 26% increase from the previous year. Inland Port Dillon moved 43…
