Canada's trade deficit narrowed in July as overall exports rose, especially driven by outbound shipments of crude oil and passenger cars to its biggest trading partner the United States, Statistics Canada said on Thursday.Its merchandise trade deficit, or deficit from trading in goods, in July was at C$4.94 billion ($3.57 billion), smaller than last month's C$5.98 billion, but much higher than the same period last year…
“We forecast a balanced development in the crude tanker market in 2025 and 2026 while we expect the product tanker market to remain weaker than in 2024. The product tanker suffers under the weight of increasing supply growth and weaker demand growth due to shorter sailing distances…
The UK’s Department for Transport has today published new long-term forecasts showing a major shift in the way goods move through British ports, with oil and fossil fuel traffic expected to collapse while ferries, Ro-Ro and container shipping surge…
“During the first seven months of 2025, Nigeria’s seaborne imports of clean petroleum products (CPP) declined by 39% compared to the same period in 2024, reaching 230 thousand barrels per day (kbpd). The decrease follows a 19% reduction during 2024…
During the first seven months of 2025, Nigeria’s seaborne imports of clean petroleum products (CPP) declined by 39% compared to the same period in 2024, reaching 230 thousand barrels per day (kbpd). The decrease follows a 19% reduction during 2024…
Ocean imports to the United States may have peaked in July after retailers raced to bring in goods from China and elsewhere to avoid potentially hefty tariffs on holiday-related products, the top executive from the busiest U.S. seaport said on Wednesday…
Crowley’s latest Avance Class ship, Torogoz, began its inaugural commercial service on Tuesday, departing from Port Everglades, Florida, to serve Central America. The vessel’s commencement is a capstone on the company’s initiation of the four-vessel…
Brazilian total egg exports, including fresh and processed products, rose almost 305% to 5,259 metric tons in July, reflecting strong demand from the United States after its bird flu outbreak, according to data compiled by industry group ABPA on Monday…
Global Energy Group (GEG) has reached an agreement on the sale of three of its group companies, including The Port of Nigg, to long term investor, Mitsui & Co. Europe (Mitsui) a subsidiary of Mitsui & Co, together with Mitsui O.S.K. Lines (MOL)…
Iraq’s state oil marketer SOMO has identified several tankers suspected of loading petroleum products illegally from the ports of Umm Qasr and Khor al-Zubair, according to an official letter dated Sunday and seen by Reuters.The tankers allegedly…
An oil tanker carrying Russian Urals crude has been diverted away from the EU-sanctioned Nayara Energy's Vadinar port in India to unload its cargo at the port of Mundra, according to shipping data and four industry sources on Thursday.Two tankers…
A liquefied petroleum gas tanker moored at the Enterprise Products Partners terminal along the Neches River in Texas, ship tracking data showed on Wednesday, the first vessel to arrive for loading at the facility.Energy research firm Vortexa said the mooring signaled the commissioning of the plant…
Alfa Laval announced that Martijn Bergink has been appointed President of the Marine Division, effective September 1, 2025. This is in addition to his current roles as President of Business Unit Pumping Systems in the Marine Division and Managing Director of Framo…
Imports to the busiest U.S. seaport in Los Angeles rebounded strongly in June as retailers moved to stock up on goods for the holiday shopping season amid fears of higher tariffs.The Port of Los Angeles handled 470,450 20-foot equivalent units (TEUs) of incoming cargo last month after the U…
The Port of Green Bay saw 137,725 tons of material and raw goods pass through the port during June, compared to 123,794 tons during the the month of May. Current year-to-date totals are down 47% compared to the same time frame last season.“While…
