Pakistan is unlikely to meet a target for Russian crude to make up two-thirds of its oil imports, despite attractive prices, hampered by a shortage of foreign currency and limitations at its refineries and ports, officials and analysts say.The…
According to Xeneta’s Shipping Index (XSI), global long-term shipping rates sank to a two-year low in July, falling 9.5% since June, plummetting 57.8% since the same period in 2022. And just as rates hit a fresh low, the bad news for carriers…
The Member Authorities of the Tokyo and the Paris Memoranda of Understanding (MoU) on Port State Control will launch a joint ConcentratedInspection Campaign (CIC) on Fire Safety to create awareness among the ship’s crew and owners about the importance of fire safety measures…
French shipping group CMA CGM expects container freight demand to improve from next year but the group's profits will continue to ease this year as a slump in freight rates from record highs and a weak economy weigh on results, it said on Friday…
The Feedlot Manager of the live export company Al Mawashi has been arrested in South Africa after animal welfare inspectors found over 126 rams with their horns cut off - in an attempt to make them eligible for export by sea to Kuwait.The dehorning…
Maersk and Hong Lam Marine have conducted the world’s first ship-to-container ship methanol bunkering operation of a Maersk’s container vessel at the Raffles Reserved Anchorage in Singapore.This was also Singapore’s first methanol bunkering…
A Liberian-flagged oil tanker set sail in May from Russia's Ust-Luga port carrying crude on behalf of a little-known trading company based in Hong Kong. Before the ship had even reached its destination in India, the cargo changed hands.The new owner of the 100…
Australia’s independent panel consulting on the phase out of live sheep exports by sea has gathered submissions and now expects to provide its recommendations on how and when to phase out live sheep exports by sea by September 30, 2023.The panel engaged with over 2…
Heavy rain has raised water levels on the Rhine in Germany, but the river is still too shallow in central northern areas for cargo vessels to sail fully loaded, commodity traders said on Wednesday.The river is a major western European shipping route for commodities including grains…
The Panama Canal will extend restrictions on ships' maximum depth, it said on Tuesday, and it has limited average crossings at one of the world's busiest trade passages to just 32 ships a day as a prolonged drought continues.The Panama Canal Authority (ACP) will maintain a depth limit of 44 feet…
Russian air strikes on Ukrainian grain facilities on the Danube this week threaten a vital river route for Kyiv's exports, as Moscow seeks to tighten the noose around a key sector of the economy days after abandoning the Black Sea shipping deal…
A port call made by CMA CGM Liberty at the Honmoku D4 terminal in Yokohama on Monday is the first by a liquefied natural gas (LNG)-powered containership in Japan. At 15,000-TEU, the containership also ranks amongst the largest vessels to be calling in Japan…
Without a radical new approach, BIMCO’s CII Operations Clause will remain a worthy but vain attempt to reconcile shipping’s environmental and commercial imperatives,Legal and contractual disputes lie ahead for shipping unless it finds a better…
Dredging contractor Great Lakes Dredge & Dock Corporation announced it has received a notice to proceed to perform essential improvements to the Brownsville Ship Channel for NextDecade Corporation’s Rio Grande LNG project.The company said it expects to start work for the project later this year…
Russia destroyed Ukrainian grain warehouses on the Danube River in a drone attack on Monday, targeting a vital export route for Kyiv in an expanding air campaign that Moscow began last week after quitting the Black Sea grain deal.Last week's…
