Canada's merchandise trade deficit widened in August to C$6.32 billion ($4.53 billion), its second highest on record, as exports both to the U.S. and the rest of the world fell, data showed on Tuesday.The August data had been expected to show a more permanent impact of U…
DP World has launched first dedicated reefer rail freight service from Thimmapur, Hyderabad to Nhava Sheva (JNPA), in collaboration with Ocean Network Express (ONE). This solution has enabled the first-ever refrigerated rail movement from DP World Thimmapur ICD to Nhava Sheva…
The EU Commissioner for Animal Welfare Olivér Várhelyi has responded to a letter from animal welfare NGOs about the plight of calves transported by truck on ferries from Ireland to the EU.The letter detailed three separate studies which found that the calves were negatively impacted…
U.S. LNG exports hit a record in September at 9.4 million metric tons, beating their previous record of 9.3 million MT in August, according to preliminary data from financial firm LSEG.The increase was fueled by strong sales to Europe and Asia…
The Baltic Exchange's dry bulk sea freight index, which monitors rates for vessels moving dry bulk commodities, fell on Monday, pressured by declining rates across all vessel segments.The main index, which factors in rates for capesize, panamax and supramax shipping vessels…
United Heavy Lift (UHL) said that Managing Director Lars Bonnesen has sold his shares in United Heavy Lift to the United Shipping Group and will step down from his role as of December 31, 2025. In a related development, Christian Monsted has…
Philippine President Ferdinand Marcos Jr has ordered to extend the country's ban on rice imports beyond 60 days, his office said on Friday, but it did not specify how long the extension would last.Marcos had earlier ordered a 60-day suspension…
The shipping industry is experiencing major volatility amid rising geopolitical tensions and disruptions caused by a wave of new tariffs, according to a report published on Wednesday by the U.N. Trade and Development agency.Due to an increasingly complex and uncertain global trade environment…
“On the strength of demand in trade lanes not bound for the US, we have increased our ship demand growth forecast for 2025 to 4.5-5.5% while maintaining it at 2.5-3.5% for 2026. We now expect a balanced supply/demand development in 2026 while…
New analysis by Maritime Strategies International cites emerging evidence that the demand side of the industry will prove better-insulated from tariffs than was expected earlier in the year, while a dynamic where Chinese exporters continue to…
Russian wheat export prices rose last week in response to news of a large Iranian purchase and against a backdrop of limited supply, as bad weather at ports hampered shipments, analysts said.The price for Russian wheat with 12.5% protein content…
Chinese-controlled container line Sea Legend will launch the first direct China-Europe route via the Arctic this week, the Global Times reported on Monday, in a move set to almost halve express shipping times between the two locations.Sea Legend…
Port Houston recorded sustained growth in August following a standout July. Total tonnage across Port Houston’s public terminals is up 5% year-to-date through August, reflecting steady growth across multiple cargo sectors.After a record-setting July…
Secretary-General of ASEAN, Dr. Kao Kim Hourn, participated in the China–ASEAN Industry Ministerial Roundtable Meeting on the sidelines of the China–ASEAN Expo, on September 17 in China, highlighting ASEAN’s robust economic progress and changing trade patterns…
Puerto Rico has negotiated a $4 billion LNG contract with New Fortress Energy, Governor Jenniffer Gonzalez said on Tuesday in a post on social media.The supply deal, which comes after talks for a much larger contract broke down in July, reduced…
