The opinions expressed here are those of the author, a columnist for Reuters.China's imports of major commodities are often viewed through the prism of the performance of, and outlook for, the world's second-biggest economy.But it's probably more important to look at price trends when assessing the world's biggest commodity importer's inbound shipments of crude oil, liquefied natural gas (LNG), copper…
In Q3 2024, CMA CGM Kaohsiung Terminal Co. Limited ordered five hybrid Konecranes Rubber-Tired Gantry (RTG) cranes for its container handling operations at the main port in Taiwan. The cranes will be delivered in mid-2025 with the most sophisticated…
Hong Kong conglomerate CK Hutchison is planning to raise up to $1.5 billion in a two-tranche dollar bond deal, according to two sources with direct knowledge of the matter.The company is looking at issuing a 5.5-year and 10-year dollar bond…
Russia will increase oil exports via its western ports to 1.98 million barrels per day (bpd) in September, up by just 30,000 bpd from August, despite expected start of seasonal maintenance on Russian refineries, two trade sources said on Friday…
Wärtsilä has secured a contract from the Maritime and Port Authority of Singapore (MPA) to develop the prototype for a cutting-edge vessel traffic management system. This initiative, known as the Next Generation Vessel Traffic Management System (NGVTMS)…
A backlog of liquefied natural gas (LNG) tankers is waiting to load at Malaysia's Bintulu terminal this week after outages and maintenance work disrupted production, according to industry sources and shiptracking data.The Bintulu facility in Sarawak…
Nearly 20,000 workers across major Indian ports, who had threatened to go on an indefinite strike from Wednesday, called off their walkout late on Tuesday, after agreeing to a new five-year deal.The agreement averted further issues in an already-strained global supply chain…
A new study from the International Council on Clean Transportation has investigated the feasibility of establishing green shipping corridors for China’s coastal shipping.The researchers assessed whether the ships could be powered by renewable hydrogen…
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…
DP World announced it has executed the open access sourcing of green power at its Nhava Sheva terminals, Nhava Sheva International Container Terminal (NSICT) and Nhava Sheva India Gateway Terminal (NSIGT), starting from July 1, 2024. Electricity generated remotely is integrated into the state grid…
China's COSCO Shipping Corporation has signed a preliminary agreement with Australia's Fortescue to jointly build a green fuel supply chain to help reduce pollution from the shipping industry, the Chinese company said on Monday.The memorandum…
Adani Ports expects to complete the first of four phases of a key transshipment container port in southern India this year, it said on Friday, firming the timeline for a project already delayed by six years due to protests by locals.The Vizhinjam…
It’s a widely accepted notion among economists that cultural differences can pose a significant barrier to trade. The larger the cultural gap between two countries – judging by differences in language, customs, values and business norms – the more challenging and costly trade relations become…
Indian ports-to-power conglomerate Adani Group will increase capital expenditures in fiscal year 2025 to 1.3 trillion rupees ($15.6 billion) from 700 billion rupees a year earlier, Chief Financial Officer Jugeshinder Singh said on Tuesday.Adani Green Energy…
Intergis Co. Ltd has ordered a Konecranes Gottwald ESP.5 Mobile Harbor Crane to improve its general cargo and bulk handling capacity and lower local emissions at the Port of Busan in South Korea. This new Generation 6 machine builds extra versatility…
