The cost of shipping a container of goods from Asia to the United States has doubled since the start of the Iran war, driven by spiking fuel prices and an uptick in demand from importers who are worried costs will only rise further as the conflict wears on.'If you want to know how seriously to take the threat of an energy crisis, look at container shipping rather than oil markets because the risk is priced into the spiraling freight rates far more clearly…
China's trade in major commodities in May underscored that price moves are the primary driver of changes in flows in the world's biggest buyer of natural resources.The headline-grabbing number from customs data was the collapse in crude oil imports to an eight-year low of just 7…
New Zealand announced on Tuesday that it had selected 'two' providers for the proposed liquefied gas import facility. The terminal is a major part of government plans to ensure power supplies during the dry years, as domestic gas production decreases and energy costs rise…
Oil prices edged down after Oman said operations at Mina al Fahal port were proceeding normally, following a Reuters report that oil loadings had been suspended after an explosion.Brent crude futures LCOc1 fell 24 cents, or 0.25%, to $94.79 a barrel by 0704 GMT after settling down 2…
As Old Dominion University’s inaugural Maritime Student of the Year, senior Finley Stoops is poised to make waves in the blue economy.The Virginia Beach resident graduates this month with a Bachelor of Science in Business Administration with…
Ivory Coast has sold about 1 million metric tons of cocoa in export contracts for the 2026-27 main crop, but has started to slow sales due to concerns about the impact of a looming El Nino weather pattern on output, four sources told Reuters…
The Baltic Exchange's dry bulk freight index, which tracks rates for ships carrying dry bulk commodities, rose to its highest level in about two and a half years on Thursday, buoyed by strong rates across all vessel segments.The main Baltic index…
Methanol has been in the news this week with the announcement by Jumbo of a contract with Dajin Heavy Industry for the construction of two methanol-ready heavy lift vessels and with Sanmar’s announcement that the world's first dual fuel methanol…
Zinus has been awarded its first-ever contract in Australia by UGL Transport with the end customer being Transport for NSW for a charging tower installation at the iconic Barangaroo Wharf in Sydney.Under the contract, Zinus will deliver its fully autonomous DC Charging Tower…
The Port Infrastructure using Novel Energy Storage (PINS) project has successfully explored solutions to help UK ports and harbors overcome grid limitations and high connection costs, vital for the electrification of vessels. Focusing on pilot sites in Cowes…
For most ship managers, husbandry port calls sit in an uncomfortable gap. They are operationally critical: the crew changes, repairs, bunkering stops and maintenance calls that keep vessels running, yet they are routinely managed through email chains…
The MISC Group revenue of RM2,891.4 million ($729 million) was 2.7% higher than the revenue for the period ended March 31, 2025.The increase was mainly due to higher revenue from the company’s Petroleum and Product Shipping segment, primarily driven by higher freight rates and earning days…
Macgregor has released its first quarter 2026 interim report indicating a strong start to 2026 with continued positive momentum, despite a dip in ordering.MacGregor CEO Jonas Gustavsson said: “The first quarter of 2026 marks a solid start to our first full year as a standalone company…
Jumbo has announced the signing of a contract with Daiia Heavy Industry for the construction of two new heavy lift transportation vessels. The vessels will form Jumbo's new L-Class fleet, designed to support a broad range of heavy lift transport operations…
Syria's General Authority for Borders and Customs has signed an agreement with French shipping and logistics group CMA CGM to operate two dry ports within the free zones of Adra, in Damascus' outskirts, and Aleppo, Syrian state news agency SANA reported on Tuesday…
