Extreme temperatures across Asia are driving up liquefied natural gas (LNG) demand in the region as importers seek cargoes ahead of summer, with imports in South Asia hitting records.This could tighten available supply and further lift Asian spot prices that have already gained a third since April…
The Federal Maritime Commission has entered into compromise agreements with three different companies resulting in the collection of more than $2.3 million in civil penalty payments, and commitments by each company to reform specific business practices…
Imports of straight-run fuel oil (SRFO) to the U.S Gulf Coast were set to climb to record levels this month as Mideast and African suppliers ramped up exports and U.S. refiners scrambled for heavy feedstocks, according to data from ship tracker Kpler…
Capacity reduction on the Panama Canal have hurt dry bulk market, with dry bulk carrier transits down significantly (down 74% in the Q1 '24 vs. '23, with sailing distances up 31% and cargo volume down 25% year on year, according to BIMCO shipping analyst Filipe Gouveia…
Between January and April 2024, China’s electricity generation from renewables surged 12% year on year, significantly outpacing the 6% growth in generation from fossil fuels. While steam coal shipments to China rose 29% year on year, they are starting to feel the pressure from stronger renewables…
A new ban on exporting live animals came into law in the UK on May 20 as the Animal Welfare (Livestock Exports) Act received Royal Assent.The act capitalizes on post-Brexit freedoms to bolster the UK’s position as a world leader in animal welfare standards…
Crude oil tanker Dubai Angel on Monday moored at the Westridge Marine Terminal in Vancouver, preparing to load the first cargo of crude oil from the recently expanded Trans Mountain pipeline (TMX), ship tracking data showed.Chartered by Canadian oil producer Suncor Energy…
Port Houston said it continues to exceed last year’s container volumes, reporting a 12% increaser through April with 1,394,094 twenty-foot equivalent units (TEUs). In the month of April, 324,177 TEUs moved through the port, which represents…
Ukraine's waterborne food exports fell 17.1% to 2.9 million metric tons during May 1-15 from 3.5 million tons in the same period in April, Ukrainian agriculture ministry data showed. Ukrainian maritime food exports totalled 2.95 million tons from March 1-15…
The Animal Welfare (Livestock Exports) Bill had its third reading in UK Parliament on May 14 and now awaits Royal Assent to become law. The bill seeks to end the export of cattle, horses, sheep, goats and pigs for fattening and slaughter from and through England…
“Global soya bean exports are forecast to grow by 8% between 2023 and 2025 based on data from the United States Department of Agriculture (USDA). Stronger import demand from China will be met by larger harvests in the US and Brazil and in the near term…
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…
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…
“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…
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…
