For Chinese businessman Han Changming, disruptions to Red Sea freight are threatening the survival of his trading company in the eastern province of Fujian.Han, who exports Chinese-made cars to Africa and imports off-road vehicles from Europe…
Japanese shipping company Ocean Network Express (ONE) has signed shipbuilding contracts with Jiangnan Shipyard and Yangzijiang Shipbuilding for the construction of 12 13,000 TEU methanol dual-fuel containerships.Each shipyard will build six vessels and are all scheduled to be delivered from 2027…
The cost of Indian exports has more than doubled due to the Yemeni Houthi militia's attacks on ships in the Red Sea, industry officials said on Monday.Around 80% of India's goods trade with Europe, estimated at nearly $14 billion a month, normally passes via the Red Sea…
The Russian government is considering a ban on gasoline exports after an incident at Lukoil's NORSI oil refinery in Nizhny Novgorod, Interfax news agency reported on Monday, citing sources.The refinery may halve high-octane gasoline output after an emergency stoppage at a catalytic cracking unit…
Higher exports helped India's merchandise trade deficit come in lower than expected at $19.8 billion in December, data showed on Monday, though officials signalled that the turmoil in the Red Sea could have an impact on this month's figures…
The Maritime and Port Authority of Singapore (MPA) has selected companies that will pilot their vessel charging concepts in Singapore.The selection follows the call for proposal (CFP) by MPA in August 2023 to develop, operate, and maintain e-HC charging points in Singapore…
Qatar-based energy shipping company Nakilat has placed orders to with Hyundai Samho Heavy Industries (HSHI) of South Korea for the construction of six new LNG and LPG carriers.The order includes two LNG carriers with a cargo capacity of 174…
Japanese shipping giant NYK has ordered eight ME-GA engines from Man Energy Solutions for four liquefied natural gas (LNG) carriers.The order is for eight 5G70ME-GA Mk. 10.5 engines related to the construction of four 174,000 cbm. LNG carriers by NYK…
Adani Ports and Special Economic Zone, India's largest private port operator, will raise up to 50 billion rupees ($600.6 million) by selling non-convertible debentures, it said on Wednesday.Billionaire Gautam Adani was re-designated as executive…
Unlisted French shipping group CMA CGM increased its container shipping rates from Asia to the Mediterranean region by up to 100% as of Jan. 15 compared to Jan. 1, it said on its website on Tuesday.A CMA CGM spokesperson declined to provide…
Russian exports of liquefied natural gas (LNG) to Europe fell 1.9% to 15.8 million metric tons in 2023, and LNG exports to Asia fell 11% to 14.9 million tons, LSEG data showed on Tuesday.Europe increased purchases of LNG from global producers…
Oil loadings from Russia's Black Sea port of Novorossiisk have resumed after being suspended due to a storm on Dec. 27, two sources familiar with the matter told Reuters on Thursday.The port will likely be able to ship all the crude volumes scheduled for December…
Foreign shareholders suspended participation in the Arctic LNG 2 project due to sanctions, renouncing their responsibilities for financing and for offtake contracts for the new Russian liquefied natural gas (LNG) plant, the daily Kommersant reported on Monday…
India's Adani Ports and Special Economic Zone APSE.NS is mulling a fundraise of up to 10 billion rupees ($120 million) from a domestic rupee bond sale, its first since 2021, two bankers aware of the discussions said on Thursday.The country's…
DP World announced it has signed a memorandum of understanding (MOU) with Pacific International Lines (PIL) to jointly develop green solutions to decarbonize global supply chains. The agreement pairs DP World, which handles around 10% of the world’s container trade…
