Shipping News

 

As Greeks Strike, Ships Stop Moving

Nov 20, 2024

Ships docked at Greek ports, and railway and bus services were disrupted on Wednesday as transport workers, hospital doctors, school teachers and construction workers joined a nationwide strike to protest squeezed living standards and demand higher pay.Many Greeks saw their wages and pensions slashed in return for bailouts worth 280 billion euros ($297 billion) during a 2009-2018 debt crisis which shaved a quarter off Greece's economic output and nearly pushed the country out of the eurozone…

Pakistan Pushes Qatar LNG Contract with Qatar for a Year

Dec 04, 2024

Pakistan has deferred its liquefied natural gas (LNG) contract with Qatar for a year, Petroleum Minister Musadik Malik said, adding that the country will now get LNG cargoes from Qatar in 2026 instead of 2025.Annual power use in Pakistan, which gets over a third of its electricity from natural gas…

Book and Claim Registry Launched

Nov 14, 2024

The Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping (MMMCZCS) and RMI (formerly Rocky Mountain Institute) are launching Katalist, a not-for-profit ‘book and claim’ registry designed to accelerate the shipping industry’s decarbonization journey…

CMB.TECH Profits Rise, VLCC Outlook Good

Nov 07, 2024

Belgian oil tanker company CMB.TECH posted third-quarter profit above market expectations on Thursday, powered by a long-term strategy of decarbonization and diversification of its fleet.'From a supply-side perspective, the outlook for the tanker…

Shanghai Braces for Typhoon Bebinca

Sep 15, 2024

Shanghai halted transportation links, recalled ships and shut tourism spots including Shanghai Disney Resort on Sunday as it braced for Typhoon Bebinca, in what could be the strongest tropical cyclone to hit the Chinese financial hub since 1949…

More Chinese Steel Enters India

Aug 21, 2024

India continued to be a net importer of steel during the first four months of the current fiscal year beginning April, with China as its biggest supplier of the alloy, according to provisional government data seen by Reuters.India imported 2…

Impact of the Houthi Red Sea Attacks on Shippers

Aug 16, 2024

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 inspires "Next Generation" onboard PCTC

Aug 16, 2024

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…

IMO Launches Toolkit to Curb Insider Security Threats

Aug 05, 2024

The IMO has launched a new toolkit that will help the global maritime industry respond better to ever-evolving insider threats.Insider threat refers to the risk that arises from a maritime employee carrying out or enabling a security incident…

Texas Tanker Bottleneck Grows on Slow Freeport LNG Restart

Jul 18, 2024

The number of LNG tankers waiting to load at Freeport LNG in Texas has increased since the U.S. second largest exporter of the supercooled gas halted processing ahead of Hurricane Beryl's landfall last week, according to shipping data on Thursday…

CMA CGM, Google Partner to Deploy AI Across Shipping and Logistics

Jul 18, 2024

CMA CGM and Google announced a  partnership to accelerate the integration of artificial intelligence (AI) across CMA CGM's operations globally.“By combining CMA CGM’s deep expertise in shipping and logistics with Google's AI tools and secure…

Nordic Fender and SkyLab Advance Smart Fenders

Jul 04, 2024

Nordic Fender has entered a strategic partnership with SkyLab IoT for the development and expansion of smart fender and buoy solutions that provide real-time data worldwide.Nordic Fender products can now benefit from live monitoring of critical parameters such as air pressure…

Port of Brownsville to Limit Ship Traffic Due to Hurricane Beryl

Jul 03, 2024

Port of Brownsville, along the U.S.-Mexico border, said on Wednesday that it would limit ship traffic due to gale force winds from Hurricane Beryl, a Category 4 hurricane heading for the Gulf.Only vessels that will be able to finish and sail…

Africa’s Mining Industry Providing Opportunities for Bulk Shipping

Jun 19, 2024

Speaking at this year’s Drycon conference in Mumbai, Captain Pappu Sastry, CEO of Adhira Shipping and Logistics (ASL), said that Africa’s mining sector is entering a golden age where opportunities are open to investors, shipping lines and logistics companies…

Industry Leaders Highlight Impact of Increasing Protectionism

Jun 17, 2024

The International Chamber of Shipping (ICS) and the Chamber of Marine Commerce, Canada (CMC), convened over 120 industry leaders from 90 organisations and nearly 30 different countries to the Shaping the Future of Shipping Summit on Thursday 13 June…

Logistics News

NOV '24 US Transport Unemployment Up Again, now above Pre-Pandemic benchmark

NOV '24 US Transport Unemployment Up Again, now above Pre-Pandemic benchmark

Massive Wheat Buyer puts Imports in Miltary Agency Hands

Massive Wheat Buyer puts Imports in Miltary Agency Hands

US Diesel Exports to ARA Set to Rise

US Diesel Exports to ARA Set to Rise

Baltic Index Snaps Losing Streak on Larger Vessel Rate Rise

Baltic Index Snaps Losing Streak on Larger Vessel Rate Rise

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