Australia’s Department of Agriculture, Fisheries and Forestry has reached an agreement with the Indonesian Agriculture and Quarantine Agency so that its suspensions on live cattle and buffalo exports from seven registered establishments across northern Australia has been lifted…
U.S. West Coast ports, which reached a labor deal with their workers this summer, gained market share in August from the previous month, while their main rivals on the East Coast lost ground, Descartes Systems Group DSG.TO said on Monday.For more than a year…
Global industrial production and containerised freight flows remained in the doldrums at the start of the third quarter, confounding predictions earlier in the year for a strong rebound.Manufacturers and distributors in North America and Europe…
A.P. Moller - Maersk and Amazon have finalized a 2023-2024 agreement for the transport of 20,000 FFE containers (40,000 TEU) using green biofuel through Maersk’s “ECO Delivery” ocean product offering.Maersk estimates this purchase will contribute to a reduction in 44…
Shipments of iron ore and limestone on the Great Lakes for the month of August both increased compared to 2022, up 8.6% and 4.4% respectively, according to latest figures from the Lake Carriers’ Association (LCA).The 5.5 million tons or iron ore shipped in August was 3…
Safetytech Accelerator, a non-profit established by Lloyd’s Register, has confirmed that UK maritime insurers, the UK P&I Club and TT Club, have signed up for its Cargo Fire & Loss Innovation Initiative (CFLII).The Initiative, launched in February 2023…
Malaysian authorities have lifted the suspension of live cattle and buffalo exports from Australia that was enacted due to concerns over lumpy skin disease (LSD).This follows the provision of technical information to the Malaysian authority demonstrating Australia’s freedom from LSD…
bp has entered its third long-term LNG offtake contract from the Woodfibre LNG facility based in British Columbia, Canada.With the additional contract to offtake 0.45 million tonnes of LNG per year (mtpa) for 15 years on a free on board (FOB) basis…
Russia's seaborne diesel and gasoil exports in August rose by 2% from a month earlier to about 3.85 million metric tons on healthy fuel production, data from traders and LSEG showed.Idle primary oil refining capacity for August was estimated at 3…
PSA Mumbai, one of the five container terminals operating at JNP, has set a record by handling 1,94,708 Twenty-foot equivalent units (TEU) in August 2023. This is the highest monthly container throughput ever handled by a single terminal in the entire JNP…
The transportation of CO2 is taking to the seas as emitters look for flexible ways to move captured carbon to offshore storage projects, with a fleet of 55 carriers required by 2030, according to Rystad Energy research.Based on planned carbon capture projects…
Despite Rome's scepticism, China's Foreign Minister Wang Yi said cooperation with Italy under the Beijing-led Belt and Road initiative had been fruitful, with high-quality Italian products having entered 'thousands of households' in China.'The…
Transatlantic shipping freight rates have come under pressure from slack demand, meaning ship operators must watch costs, the chief executive of Germany's Hapag-Lloyd said on Monday.'Rates have definitely collapsed, and that means we have to start looking at our costs…
U.S. exports of liquefied natural gas (LNG) fell in August as some processing plants reduced output and a heat wave increased gas demand for power, leaving less gas available for LNG production, according to vessel monitoring data and analysts…
Long-term ocean freight rates slid once again in August, marking the 12th consecutive month of declines for beleaguered carriers.According to the latest real-time data from the Xeneta Shipping Index (XSI®), contracted rates fell 7.8% in August…
