Russia remained China's second-largest source of crude oil in 2022, following repeat top supplier Saudi Arabia, as Chinese refiners snapped up low-cost Russian barrels while Western countries shunned them after the Ukraine crisis.China's crude…
Three-quarters of the world is covered by water and up to 90% of world trade is seaborne. Seaports and shipping are critical to the conduct of global trade.Africa has relatively few natural harbours that offer shelter and are deep enough to take big vessels…
The first and only cruise terminal in Aqaba was inaugurated with the arrival of the cruise vessel MSC Splendida carrying more than 2,000 visitors to Jordan.The new terminal marks the launch of the first of five strategic mega-projects planned…
MV Tennor Ocean, newbuilding 782, from Germany's shipyard Flensburger Schiffbau-Gesellschaft recently set off on test voyage on the North Sea and Baltic Sea. The 210-m RoRo ferry is on the move to Dock 3 at Lloyd Werft. During its week-long stay there…
A degree of increased positivity has entered recycling markets this week, said GMS, as prices push on in both India (off the back of firming steel and settling currencies) and Bangladesh (off of a rising demand and a currency that has recently found its stability around BDT 105)…
Konecranes and Larsen & Toubro (L&T) have signed a licensing agreement for the manufacturing and distribution of Konecranes port cranes in India. The first products have been sold under this agreement: two shipyard jib cranes will be delivered to the Cochin Shipyard in Cochin…
On January 13, two cruise ships plugged into the newly completed shore power expansion at the Port of San Diego cruise ship terminal for the first time – a doubling of the previous capacity.The Disney Wonder and the Insignia were able to simultaneously…
AD Ports Group entered into a framework agreement with the Ministry of Transport of the Republic of Angola to begin collaboration on the development of maritime services and infrastructure across the country.The group has also entered into a…
The Georgia Ports Authority has named Flavio Batista as its new vice president of sales and marketing.Batista comes to GPA from the Wallenius Wilhelmsen Group, an ocean carrier focused on developing sustainable shipping and logistics solutions for manufacturers of cars…
The insolvency of a major storage terminal planned in northwest Europe has supported regional tank storage rates for diesel and gasoline, just as European traders rush to fill up diesel tanks ahead of a Feb. 5 ban on Russian fuel.Earlier this month…
Saudi Arabia’s ports ended December in the gains territory with a string of strong results across various indicators, chief among them the 13.63% year-on-year spike in container throughput from 841,055 TEUs to 955,731 TEUs.Saudi Ports Authority…
South Carolina Ports had a record 2022 with the most containers ever handled at the Port of Charleston.SC Ports moved nearly 2.8 million TEUs (twenty-foot equivalent units) in 2022, a 1.5% increase over 2021. When accounting for containers of any size…
At least one liquefied natural gas (LNG) vessel gave up on Freeport LNG's export plant in Texas by Thursday after a growing number of analysts and other sources said the facility would likely not exit its seven-month outage until February or later…
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, extended losses on Thursday to a fresh two-and-a-half-year low, pressured by a dip in rates for capesize vessels.The overall index, which factors in rates for capesize…
The Port of Oakland is recruiting full-time college students for its 2023 Summer College Internship Program. Through a competitive process, prospective applicants apply for internships in 18 professional fields – Aviation, Communications, Engineering…
