The Trump administration imposed sanctions on Iranian oil trading networks on Thursday, including on a China-based crude oil storage terminal linked via a pipeline to an independent refinery, just days before direct talks between the U.S. and Iran…
Fincantieri and Accenture have signed an agreement to establish Fincantieri Ingenium, a new joint venture created to accelerate digital transformation across the cruise, defense, and port infrastructure sectors. The company will be owned 70%…
During the first quarter of 2025, Russian oil exports have fallen 6% year-on-year. Clean tanker exports were down 13% while dirty tanker exports fell 4%. “Despite the fall, it appears that exports have mostly been unaffected by the recent sanctions…
So many U.S. companies rushed in goods to avoid President Donald Trump's threatened tariffs that imports soared to near-record levels in recent weeks. Now, retailers and other importers are hitting the brakes, awaiting clarity on where the new duties will land…
U.S. President Donald Trump signed an executive order on Wednesday aimed at reviving U.S. shipbuilding and reducing China's grip on the global shipping industry.Republican and Democratic U.S. lawmakers for years have warned about China's growing dominance on the seas and diminishing U…
Australia's competition watchdog said on Thursday it is not opposed to the country's largest integrated terminal and freight logistics provider, Qube, acquiring Melbourne International RoRo & Auto Terminal (MIRRAT), subject to certain undertakings by the firm…
Grain and agro-industrial products ships will be unable to dock or leave Argentina's Rosario agro-port hub on Thursday because of a CGT union strike against government policies, the head of the private port chamber CAPyM said.The CGT's action…
Shipments of iron ore on the Great Lakes were below one million tons in March, a decrease of 39.1% compared to 2024, reports the Lake Carriers’ Association. Loadings were also below the month’s five-year average by 19.4%.Year-to-date, the iron ore trade stands at nearly three million tons…
U.S. Trade Representative Jamieson Greer told lawmakers on Tuesday that not all of the agency's proposed multimillion-dollar fees for Chinese-built ships to dock at U.S. ports will be implemented, and they may not be cumulative.Greer told a…
One of the world’s largest base ports for offshore wind activities Port of Esbjerg and Norwegian port operator WindPort have entered into a strategic partnership to accelerate offshore wind development in Norway.The partnership focuses on joint…
Morocco-based OCP Group, through its Specialty Products & Solutions (SPS) Strategic Business Unit, and Maersk, have signed a global Memorandum of Understanding (MoU) to jointly advance innovative, resilient, and sustainable supply chain solutions…
India and the United Arab Emirates agreed to develop an energy hub in Sri Lanka, India's foreign ministry said on Saturday, as New Delhi's competition with China grows in the Indian Ocean island nation.The three nations signed the pact for the…
Shipping giant CMA CGM and tech startup Mistral AI expect rapid productivity gains from a 100 million euro ($110 million) partnership unveiled on Sunday, which the French firms also touted as a commitment to their home country amid the global trade tensions…
The Panama Canal Board of Directors has authorized the opening of a bidding process for the development of a new pipeline for the transfer of energy products which will complement operations in the interoceanic waterway.The pipeline will be…
On Friday, China announced a tariff increase of 34% on all US imports, in retaliation to the new tariffs announced by US President Donald Trump. These are in addition to tariffs implemented in February and March, focusing on goods such as grains…
