'Between January and October 2026, dry bulk ship recycling fell 36% y/y to 3m DWT, its lowest level in 18 years. Only 70 ships were recycled, primarily smaller ships in the handysize and supramax segments, as strong freight rates have extended the operational lives of older ships,” says Filipe Gouveia, Shipping Analysis Manager at BIMCO.Dry bulk ship recycling has been at a low level since 2021 due to strong freight rates…
Outside a depot near Basra, hundreds of tanker trucks queue to load Iraqi crude oil bound for the Syrian port of Baniyas via an overland desert route which had been largely unused for decades.Iraq, OPEC's second-largest producer, has been working…
Euronext wheat fell on Thursday after a four-day rally as an Algerian import tender pointed to competition from Argentina, while more peace talks planned between Russia and Ukraine kept attention on eventual de-escalation in the Black Sea export zone…
Technology previously demonstrated aboard the U.S. Navy's Stiletto test platform will advance to operational evaluation aboard a Legend-class National Security Cutter.Israel-based maritime technology company Sealartec has secured a U.S. Coast…
Shanghai-based COSCO SHIPPING Development said on Wednesday it had ordered 16 very large crude carriers (VLCCs) worth 13.43 billion yuan ($2.01 billion) from China State Shipbuilding Group.A VLCC is a class of massive oil tanker with a deadweight tonnage (DWT) typically ranging from 200…
Port of Greater Baton Rouge announced the appointment of three directors who will strengthen the organization's leadership team and support its continued growth and strategic priorities. Tim Pinter will serve as Director of Business Development…
October 2026 container imports reached an all-time high of 2.67 million TEUs, according to Descartes, as China-origin cargo rebounded, East and Gulf Coast ports gained ground, and global shipping faced continued uncertainty over trade policy…
The Los Angeles and Long Beach seaports employer group and the International Longshore and Warehouse Union Local 26 extended their contract to November 20 and plan to continue negotiating a new labor agreement covering about 2% of workers at the busiest US container port complex…
Accelerating demand for subsea power and telecoms cable network construction is fuelling major expansion of the world fleet of purpose-designed cable laying, maintenance and repair vessels.Driven by the growth of the offshore renewables sector and its advance into deeper waters…
CM Energy is strengthening its engagement in the European offshore wind market through an ongoing integrated cable-lay installation for ASSO Subsea, an international subsea contractor that specializes in submarine cable installation, protection and repair…
Chicago Board of Trade corn futures hovered near a four-month low on Thursday while soybean futures set a 2-1/2-month low under pressure from large US harvests, analysts said.The US Department of Agriculture is scheduled to issue an update on…
Arabica coffee futures on ICE rallied on Monday as dealers grew nervous about near-term supply tightness, with certified stocks remaining low overall even if they are edging up.Raw sugar prices dipped, meanwhile, having clocked gains of 10% in October…
India's top gas importer Petronet LNG is in talks with Qatar to secure delivery of some of the at least 90 liquefied natural gas cargoes delayed chiefly by the Middle East crisis, said the company's CEO A.K. Singh.Qatar, India's largest LNG supplier…
Euronext wheat futures were mixed on Monday, with an upturn in export activity in France supporting front-month prices while expectations of improving flows from Russia weighed on deferred positions.Benchmark December milling wheat on Paris-based Euronext settled 0…
Seatrium announced that it has entered into a Memorandum of Understanding (MoU) with global floating power solutions specialist Karpowership to pursue a joint venture to develop floating power and infrastructure solutions in Singapore, with…
