Shipments of limestone on the Great Lakes totaled 3.1 million tons in June, a decrease of 17.6% from a year ago, according to latest figures published by trade group the Lake Carriers’ Association (LCA). This June’s loadings were also below the month’s five-year average by 17…
On July 2, COSCO Shipping Bulk's 400,000-ton ore carrier Yuanyihai successfully completed what the company claims is the fasters unloading of iron ore in the world.The unloading operation took place in Dongjiakou Port Area of Qingdao Port. It took only 30…
Tumult in the container shipping sector continues, as geo-political conflict, the climate and labor issues continue to define the major trade routes. In this edition of Container Shipping Outlook, Xeneta’s Chief Analyst Peter Sand discusses…
The beleaguered carrier industry took another major hit in June, with the latest data from Xeneta’s Shipping Index (XSI) showing a decline of 9.4% in global long-term shipping rates. Following on the heels of a 27.5% collapse in May, and a 10…
“Despite China’s strategy of pursuing increased domestic coal production, which has meant that year-to-date production stands 5.8% higher than last year, its seaborne imports of coal have nevertheless surged 73% y/y so far,” said Niels Rasmussen…
Global trade remained in the doldrums during the second quarter as China’s post-lockdown rebound proved slower than expected and was offset by continued weakness in North America and Europe.Seasonally-adjusted trade volumes were no higher in…
With the peak ocean freight cargo season approaching, the latest data from Oslo-based Xeneta shows mixed fortunes, and outlooks, for the two main Far East to Europe trade corridors.Xeneta’s analysis reveals that shippers opting for the Far East…
Newport Shipping and NSB Group announced a plan to work together to develop their ship widening proposition for its customers. The NSB Group design will increase container capacity by up to 30% by implementing its unique widening concept, according…
China added to crude oil stockpiles at the fastest rate in nearly three years in May, as robust imports outweighed near-record refinery processing.A total of 1.77 million barrels per day (bpd) was added to inventories in May, the most since July 2020 and reversing the small…
Ocean Network Express (ONE) plans to install telematic devices on its reefer box fleet to provide customers with more comprehensive visibility of their cargo.The telematic devices will provide ONE with active monitoring data about temperature…
The Gas Exporting Countries Forum (GECF) has released its June GECF Monthly Gas Market Report highlighting that growth for May was primarily driven by robust LNG demand in Europe and Latin America and the Caribbean, which offset weaker imports in the Asia Pacific and MENA regions…
The COVID-19 pandemic put a spotlight on the importance of global supply chains. Many Canadians, most of whom had never thought about the details of how a shipment made its way from origin to destination suddenly found themselves acutely aware of how critical efficient…
West Coast port employers and the union representing 22,000 workers have 'overcome some sticking points' in tense labor talks that have entered their 13th month, White House press secretary Karine Jean-Pierre told reporters on Tuesday.Acting U…
The Saudi Ports Authority (Mawani) announced the addition of AE12 and AE7 shipping services to Jeddah Islamic Port by logistics giant Maersk.With a capacity of 18,000 TEUs and 12 vessels, the AE7 route includes 15 port calls at Ningbo-Zhoushan…
The largest U.S. business group on Friday urged President Joe Biden him to intervene immediately and appoint an independent mediator to address a West Coast ports labor dispute.More than 22,000 dockworkers at ports from California to Washington state have been working without a contract since July…
