Cargo News

 

Paris Wheat Drops as Concern About Ukrainian Port Attack Fades

Aug 15, 2024

European wheat hit four-month lows on Thursday, surrendering earlier strength generated by a Russian attack on a Ukrainian grain port, as attention returned to slack export demand and cheap competition from Black Sea suppliers, traders said…

US Grain Exports Up 12%, but China Imports Fall

Aug 15, 2024

“In 2024, grain exports from the US are expected to rise 12% from 2023, driven by a rebound in maize shipments. During the first seven months of 2024, shipments have risen 6% y/y and are expected to further ramp up after the upcoming maize and soya bean harvests in September…

BP: Venture Global Can’t Justify Calcasieu Pass Delay

Aug 14, 2024

Oil and gas producer BP Plc told federal regulators on Wednesday that it has reviewed confidential commissioning documents and does not believe Venture Global LNG needs more time to begin commercial production.Venture Global LNG's Calcasieu…

US Retailers Rush Holiday Imports Amid Fears of Strikes and Supply Chaos

Aug 13, 2024

Retailers are fueling a summer rush of imports to the United States this year as companies guard against a potential strike by port workers and ongoing shipping disruptions from attacks in the Red Sea ahead of a shortened holiday shopping season…

Australia Blitzes Illicit Drug Operations involving Car Carriers

Aug 11, 2024

Transnational organised criminals are attempting to import hundreds of kilograms of illicit drugs into Australia by paying associates to conceal them inside imported vehicles.The Australian Federal Police (AFP) and Australian Border Force (ABF)…

Containerized Cargoes Surge into the US Amid Strike Concerns

Aug 08, 2024

Monthly inbound cargo volume at major container ports in the US could see a near-record surge this month as retailers bring in merchandise ahead of a potential strike at East Coast and Gulf Coast ports this fall. The prediction for the container…

Have Container Volumes from China to North America Peaked?

Aug 07, 2024

Ocean container shipping demand from China to North America and North Europe continued to break records in June, but the latest data from Xeneta indicates it may now have peaked.The June highs came as importers rushed to protect supply chains…

Port Strikes Halt Argentina Grain Shipments

Aug 07, 2024

A strike launched by Argentine oilseed industry workers has halted grain shipments from local ports with soybean processing plants, the country's Ports and Maritime Activities Chamber (CAPyM) said on Wednesday.Argentina is a top global supplier of the processed soybeans…

Maersk Anticipates Slower Growth Following Red Sea Crisis Surge

Aug 07, 2024

Maersk expects global container shipping growth to slow from a strong start to the year, when customers soaked up goods to prevent them from being held up by Red Sea attacks and other disruptions, it said on Wednesday.The Danish company, viewed as a barometer of world trade…

India Tightens Ties to Russian Oil

Aug 07, 2024

“During the past three months, India has relied on Russia for 40% of its seaborne crude oil import. Year-to-date, volumes have reached an average of 1.6 million barrels per day (mbpd), an increase of 1000% compared to 2021, before Russia invaded Ukraine…

Record Exports from Australia’s Pilbara Ports

Aug 07, 2024

The Pilbara region of Australia has achieved a record 758.3 million tonnes of exports passing through its ports in the 2023-24 financial year.This marks the fifth consecutive year of record-breaking throughput for Pilbara Ports.The Port of Port…

Novatek's Murmansk LNG Project to Initially Have Two Lines Per Year

Jul 29, 2024

Russian natural gas giant Novatek's Murmansk LNG project is expected to have two lines of 6.8 million tonnes per year each, draft project documentation seen by Reuters showed on Monday.Construction of the Murmansk LNG project in Russia's Arctic is scheduled for 2027-2030…

European Commission Urged to Take Action on Calves

Jul 25, 2024

Despite stating that the transport of unweaned calves from Ireland to France is in breach of EU law, the European Commission has so far failed to take action against it, says Ethical Farming Ireland.In an audit report published in December 2023…

Saipem Sees Business Opportunities in Green Ammonia, Offshore Wind

Jul 25, 2024

Italian energy contractor Saipem, which has traditionally focused on oil and gas contracts, sees business opportunities arising in low-carbon areas including green ammonia and offshore wind, its CEO said on Thursday.Speaking with journalists the day after releasing first-half results…

CMA CGM Sees Shipping Demand Holding Up After Restocking Wave

Jul 25, 2024

Shipping giant CMA CGM said on Thursday that brisk international trade and Red Sea disruption supported its main maritime division in the second quarter and should limit any market slowdown later this year as new ship capacity arrives.The world's third-largest container shipping line reported a 6…

Logistics News

Unresolved Automation Concerns could Spark Second U.S. Port Strike

Unresolved Automation Concerns could Spark Second U.S. Port Strike

Methanol Central to Eco-Friendly VLCC Vessel Design

Methanol Central to Eco-Friendly VLCC Vessel Design

Port Kembla Opens Pilot Ladder Training Facility

Port Kembla Opens Pilot Ladder Training Facility

Vessel Maintenance and Management - Keeping Hulls Clean

Vessel Maintenance and Management - Keeping Hulls Clean

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