Global demand for ocean freight container shipping hit an all-time record in May amid soaring spot rates and severe port congestion.The 15.94m TEU transported by ocean in May beats the previous record of 15.72m TEU set in May 2021, according…
About 1.7 million customers remained without power in Texas on Wednesday morning, two days after Hurricane Beryl made landfall, as progress was slow during the night, hampering efforts to restore critical oil infrastructure.The storm made landfall…
Russia launched 20 drones and five missiles at Ukraine on Wednesday, killing two people in the Black Sea region of Odesa, damaging port infrastructure and hitting an energy facility in the northwest, officials said.A truck driver and security…
Severe weather conditions near the Cape of Good Hope has brought container traffic to a halt this week according to analysis by LSEG Shipping Research.Since Monday, daily transit data and vessel location data via the LSEG Workspace Interactive…
Global demand for ocean freight container shipping hit an all-time record in May amid soaring spot rates and severe port congestion, as the 15.94m TEU transported by ocean in May beats the previous record of 15.72 TEU set in May 2021, according…
KR announced the successful installation of an onboard carbon capture system (OCCS) with purely domestic technology, and it will soon undergo internal verification testing.The project began in April 2023 as a collaborative effort with HMM, Samsung Heavy Industries (SHI) and PANASIA…
Sydrogen Energy Pte. Ltd. (Sydrogen), a Singapore-based fuel cell components and systems company, announced its entry into the maritime market with a 250 kW fuel cell power module. Developed in a collaboration signed with Shanghai Hydrogen Propulsion Technology Co…
Monthly inbound cargo volume at major container ports in the US is continuing to rise despite a variety of supply chain challenges, according to the Global Port Tracker report released by the National Retail Federation and Hackett Associates…
Ethical Farming Ireland (EFI) has raised concerns that the livestock carrier Shorthorn Express is currently sailing to Israel from Greenore despite having previously been subject to a Houthi attack in the Red Sea region in June. The Shorthorn…
SAAM Terminals closed a global collaboration agreement with Next Port AI, the technology subsidiary of the global company Moffatt & Nichol, to implement its new platform that combine DigitalTwin and Artificial Intelligence technologies: a digital replica of the port´s physical assets…
Fratelli Cosulich Group placed an order for two 7,999 dwt IMO2 chemical bunkering tankers at Taizhou Maple Leaf Shipbuilding Co., Ltd., with options to build two more units.The delivery of the first of these methanol-ready vessels will be in the first half of 2026…
The Texas energy industry was evaluating the impact from Hurricane Beryl on Monday after the powerful storm lashed the U.S. Gulf Coast, closing key shipping ports and hitting the oil refining and production sectors.Beryl made landfall near the coastal town of Matagorda…
A strike planned for Monday by ship and dock foremen at west Canadian ports has been called off after the country's industrial relations board found the union's strike notice was in violation of the labor code, the board said in an order.'The Board directs the union to rescind its strike notice…
The United States added six companies to its trade restriction list on Tuesday, including four for their links to the training of China's military forces, according to a government posting.Two of the companies are in China, one in South Africa…
The largest ports in Texas closed operations and vessel traffic on Sunday as Hurricane Beryl intensified as it approached the Texas coast near Houston.Beryl, which left a trail of destruction this week in the Caribbean, killing at least 11 people…
