Asian spot liquefied natural gas (LNG) prices rose to their highest in over eight months, with warmer temperatures across the region boosting power demand for cooling purposes.The average LNG price for October delivery into north-east Asia LNG-AS was at $14…
Attacks on vessels in the Red Sea by Iran-aligned Houthi militants have disrupted a shipping route vital to east-west trade, with prolonged rerouting of shipments pushing freight rates higher and causing congestion in Asian and European ports…
NYK recently welcomed 33 elementary-school-aged students to Harmony Leader, an NYK-operated pure car & truck carrier (PCTC), as part of the city of Kawasaki's Marine Month.The students boarded Harmony Leader and toured the cargo holds, living quarters…
Bangladesh's Summit LNG expects to complete repositioning and reconnecting work on its floating storage and regasification unit (FSRU) by August-end, it said, assuming favourable weather and sea conditions.Ship-to-ship transfer operations at its FSRU…
Oman's Salalah port reported a 16% decline in container volumes in the first half of the year as ships reroute around the southern tip of Africa to avoid missile and drone attacks in the Red Sea.The port, which is Oman's closest to the border with Yemen…
In 2024, grain exports from the US are expected to rise 12% from 2023, driven by a rebound in maize shipments. During the first seven months of 2024, shipments have risen 6% y/y and are expected to further ramp up after the upcoming maize and soya bean harvests in September…
European wheat hit four-month lows on Thursday, surrendering earlier strength generated by a Russian attack on a Ukrainian grain port, as attention returned to slack export demand and cheap competition from Black Sea suppliers, traders said…
Dubai-owned DP World reported a 59% drop in first-half profit on Thursday as the ports and logistics company grappled with shipping disruptions in the Red Sea as tensions flare in the Middle East due to the ongoing Israel-Hamas war in Gaza.Missile…
A potential strike at U.S. seaports on the East Coast and Gulf of Mexico could back up cargo there for weeks or even months, shipping experts said on Wednesday.Retailers like Walmart and other importers have been rushing goods in ahead of the Sept…
“In 2024, grain exports from the US are expected to rise 12% from 2023, driven by a rebound in maize shipments. During the first seven months of 2024, shipments have risen 6% y/y and are expected to further ramp up after the upcoming maize and soya bean harvests in September…
A new analysis, Permit to Kill, released by Greenpeace USA and the Sierra Club, indicates that permitted emissions from both currently operating and planned LNG terminals in the US have an impact on public health.The report states that the selected…
The East Java Multipurpose Terminal (EJMT) recently took delivery of two new Konecranes Gottwald post-Panamax ESP.8 mobile harbor cranes.The new equipment will support EJMT in handling bulk, project and container cargo once the terminal commences operations in September…
Oil and gas producer BP Plc told federal regulators on Wednesday that it has reviewed confidential commissioning documents and does not believe Venture Global LNG needs more time to begin commercial production.Venture Global LNG's Calcasieu…
The Port of Virginia has fully activated its expanded central rail yard, marking the completion of a project that now enables the port to handle 2 million 20-foot equivalent units (TEUs) by rail each year.“Modernizing and expanding the capability…
The new Rijeka Gateway in Croatia is adopting next-level private 5G campus network in a move to ensure its digital connectivity infrastructure is robust.Rijeka Gateway, a joint venture between APM Terminals and ENNA Group, has partnered with Croatian telecommunications company Hrvatski Telekom (HT)…
