China's trade surplus topped $1 trillion for the first time as manufacturers seeking to avoid President Donald Trump's tariffs shipped more to non-U.S. markets in November, with exports to Europe, Australia and Southeast Asia surging.Shipments to the United States dropped by close to one-third from the same month a year before.'The tariff cuts agreed under the U.S.-China trade truce didn't help to lift shipments to the U…
Kuwait will sign a contract next week with China Communications Construction Company (CCCC) to complete the Mubarak Al-Kabeer Port project, Public Works Minister Noura Al-Mashaan said on Thursday.The Central Agency for Public Tenders approved…
Corvus Energy, a provider of zero-emission energy solutions for the maritime industry, has received a record order from Remontowa Shipbuilding in Poland for the supply of battery systems for seven new fully electric ferries for Scottish Government…
Lloyd’s Register (LR) and the Saudi Ports Authority (Mawani) have celebrated the successful completion of a training and advisory program, designed to strengthen capability, leadership, and operational performance across the Kingdom’s port network…
'Assuming a significant increase in recycling of older ships and a reduction in average sailing speeds, we forecast that average market conditions in 2026 will be like those in 2025 but 2027 could see slightly weaker market conditions. We forecast ship demand growth of 2…
Venezuela's state-run oil company PDVSA on Wednesday was resuming oil cargo deliveries at its terminals following a cyberattack that affected its centralized administrative systems, according to the company and sources.PDVSA, which is grappling with the U…
After several years of volatility, 2025 became the year the global shipping markets began to reset. Not collapse—but recalibrate.According to Veson Nautical’s 2025 End-of-Year Market Report, the past year was defined by persistent geopolitical disruption…
Kuwait Ports Authority (KPA) said on Monday it had signed a memorandum of understanding with Abu Dhabi Ports Group to develop and operate the container terminal at Kuwait’s Shuaiba port under a concession agreement.Shuaiba port, established in the 1960s…
Brazil's federal government plans to hold the auction of Santos port's massive Tecon 10 container terminal in the first half of March, Ports and Airports Minister Silvio Costa Filho said on Friday.The auction has drawn interest from more than 10 potential bidders…
Heidelberg Materials Northern Europe has taken a decisive step toward low-emission coastal logistics with the development of a next-generation methanol-powered cement carrier, an 80% emissions-cutting vessel that could redefine short-sea bulk operations in Scandinavia…
Bangladesh's state grains buyer has issued another international tender to purchase 50,000 metric tons of rice, European traders said on Tuesday.The deadline for price offers is December 22.The Bangladesh government has issued a series of rice…
Manufacturer Advanced Polymer Coatings (APC) has signed a deal with global maritime transportation group Fratelli Cosulich to support its methanol-ready fleet expansion.APC has signed a contract with the Italian headquartered group to supply…
Glenfarne’s Alaska LNG unit announced on Thursday that it had finalized an arrangement to supply 1,000,000 tonnes of liquefied gas per year to South Korean trading company POSCO International from its planned project for export over a period of 20 years…
