Angola's state oil company Sonangol is talking to Chinese financial institutions to secure a $4.8 billion loan to partly finance the construction of a new refinery in the Atlantic sea port of Lobito, it said on Wednesday.The financing, if completed, will mark the first borrowing by the Southern African oil producer from China since 2017, when it opted to reduce its exposure to resource-backed loans…
U.S. diesel exports to Europe hit an all‑time high in January after the continent strengthened its ban on imports of Russian-derived fuel, and as discounted Russian diesel displaced U.S. fuel in Brazil, data showed and analysts said.The developments show how Western sanctions…
On behalf of the International Labour Organization, the International Chamber of Shipping, and International Transport Workers’ Federation:On the 20th anniversary of the Maritime Labour Convention, 2006, we jointly reaffirm our commitment to…
“Average spot rates are down this week across all main fronthaul trades out of the Far East. From Far East to US West Coast and US East Coast, it is a textbook market development with falling spot rates coinciding with a slight uptick in offered capacity…
Three Ukrainian brothers, including an eight-year-old, were killed near the eastern front line and a Russian drone attack killed one person and injured six others at one of Ukraine's Black Sea ports near Odesa, Ukrainian officials said on Friday…
The International Maritime Organization's Sub-Committee on Ship Design and Construction (SDC) held its 12th session at IMO Headquarters in London, January 19-23, and was chaired by Mr. Erik Tvedt (Denmark). Outcomes are summarized below:KEY…
HAROPA PORT’s operations were shaped by an unpredictable international environment, marked by the introduction of new US customs tariffs, the reshuffling of shipping line Alliances and strategies, and the normalization of routing via the Cape of Good Hope instead of the Suez Canal route…
The Port of New Orleans (Port NOLA) closed calendar year 2025 with 1,067,407 cruise passenger movements, marking the ninth year the port has exceeded one million annual passengers (excluding 2020 and 2021 due to COVID-19). Port NOLA’s sustained…
The core finding of DP World’s new Global Trade Observatory (GTO) Annual Outlook Report 2026 is that while global trade outlook looks fragile, business confidence does not. Ninety-four percent of respondents expect 2026 trade growth to match or exceed the pace of 2025…
'In 2025, seaborne coal shipments to China fell 10% as domestics supply increased and demand from steel manufacturing and electricity generation weakened. The decline affected shipments out of Indonesia, the US, Australia and Colombia in particular…
Smartgyro, a leader in marine stabilization, announced the appointment of Alessio Loguercio as its new Managing Director. With more than 15 years of experience across technical, operational and commercial roles in the marine industry, Alessio brings a combination of strategic vision…
“100 days ago, on 29 September, the Minervagracht was to become the last ship to be attacked by the Houthis, at least for now. Forty-three days later, the Houthis declared an end to their attacks on ships. Despite this, traffic through the Suez…
After more than eight years in the position as CEO of Copenhagen Malmö Port (CMP), Barbara Scheel Agersnap is stepping down.Barbara Scheel Agersnap has led CMP since 2017. During this period, she has been a driving force for developing the company…
For the last few decades, the U.S. maritime industry has faced a slow-burning situation: few ships, an aging mariner workforce and too little visibility into what it takes to sustain both. In the aftermath of COVID-19, that challenge grew more urgent…
A Western-sanctioned vessel with Russian oil destined for Indian Oil Corp has had discharge of the cargo delayed at a port in eastern India due to a hold-up in online verification of insurance cover provided by a Russian insurer, three industry sources with direct knowledge of the matter said…
