Insights

 

Baltimore Bridge Collapse Rattles Supply Chains Already Rocked by Troubles in Panama and the Red Sea

Mar 27, 2024

The collapse of the Francis Scott Key Bridge on March 25, 2024, has put a spotlight on the Port of Baltimore, one of the busiest harbors in the U.S., which paused shipping and immediately halted all vessel traffic in and out.The port remained open to trucks following the incident, but the loss of maritime traffic is expected to cost US$9 million a day. The overall economic toll is likely to be higher…

The Maritime Industry Has Unique Cybersecurity Challenges

Apr 08, 2024

With supply chain attacks on the rise, and nation-state attackers constantly looking for new ways to disrupt national security and economic stability, one of the most vulnerable areas is the security around our maritime operations. The Biden…

Crumbling Great Lakes Ports Infrastructure Makes Port Insurance Even More Critical

Apr 04, 2024

The state of Great Lakes port infrastructure is one of the biggest issues facing the U.S. and Canadian maritime industries. According to the America Great Lakes Ports Association, “Due to years of inadequate funding, the U.S. Army Corps of Engineers…

China, India Boost Seaborne Thermal Coal Imports as Power Demand Surges

Apr 02, 2024

China and India lifted imports of seaborne thermal coal to three-month highs in March as the world's two biggest buyers took advantage of lower international prices of the fuel to meet strong domestic power demand.China, the world's biggest coal producer and importer…

Asia Crude Imports Surge as China, India Snap Up Russian Oil

Mar 28, 2024

Asia's imports of crude oil are expected to rise to the highest in 10 months as heavyweights China and India lifted arrivals from Russia, but impending maintenance schedules and rising prices mean such levels may not be sustained.The world's top importing region is forecast to see arrivals of 27…

Securing Our Ports: Where to Start

Mar 19, 2024

As dusk descends upon our nation's ports, casting shadows over the waterfront, another shadow looms in the digital landscape — the threat of cyber warfare. In an era where connectivity reigns supreme, our maritime infrastructure stands at a critical juncture…

Risk Reigns in Ocean Shipping, Industry and Economic Experts Say

Mar 04, 2024

Risk is the 'new normal' for the global ocean shipping industry that handles 80% of global trade as pressure from geopolitical tensions, rising protectionism and climate change mounts.'There are going to be global tensions ... and I think global dangers…

India to Become Main Driver of Incremental Oil Use by 2030

Jan 23, 2024

India's petroleum consumption climbed to a new record last year and the country is on course to overtake China as the primary driver of incremental oil consumption before 2030.Urbanisation, industrialisation and the growth of the middle class…

What Does Red Sea Disruption Mean for Europe's Economy?

Jan 23, 2024

Weeks of attacks by Iranian-backed Houthi militants on vessels in the Red Sea have disrupted shipping in the Suez Canal, the fastest sea route between Asia and Europe, carrying around 15% of global sea trade.For the European economy, already…

Houthi Attacks Expose China's Commercial Stakes in Red Sea

Jan 15, 2024

China has called for an end to attacks on civilian vessels in the Red Sea that have dramatically widened the Hamas-Israel conflict and placed Beijing's commercial interests along the Suez Canal at risk.The Iran-backed Houthi militia from Yemen…

Shipping Attacks Push US and Allies to Mideast Crunch Point

Jan 11, 2024

When the United States and 11 allies published a joint statement last week calling for an end to Houthi attacks from Yemen on Red Sea shipping, they hoped the implicit threat of force might at least reduce the intensity of fire on foreign vessels…

How Could Red Sea Attacks Affect Oil and Gas Shipping?

Dec 19, 2023

Several shipping companies and a few liquefied natural gas (LNG) tankers have decided to avoid the world's main East-West trade route, following attacks launched by Yemen's Houthi group on commercial ships at the southern end of the Red Sea…

Opinion: The World Must Join Forces and Act Fast to Scale Renewables

Dec 11, 2023

Renewable energy is already high on the agenda at the COP28 climate summit, with 118 countries, including the UAE, Brazil, Japan and the EU, pledging last weekend to triple the world’s renewable energy capacity by 2030.But it’s not simply about signing up to the ambition…

OpEd: Shipping Seeks Safe Waters in Era of Deadly Geopolitics

Dec 08, 2023

As tankers, car-carriers and other merchant vessels pass through the Malacca Strait, unlit fishing boats criss-cross the shipping lanes at night, making it one of the most challenging sea areas of the world to transit, even during peacetime…

China Unlikely to Repeat Last Winter's Surge of Fuel Exports

Nov 21, 2023

A surge of diesel and gasoline exports from China in the last northern winter eased then-prevailing fuel shortages in Asia but a repeat performance this year is unlikely.China's exports of refined products have eased from high levels in recent months…

Logistics News

Shiploader Collapses at Brazil's Recife Port

Shiploader Collapses at Brazil's Recife Port

Corpus Christi Crude Oil Exports Up 6.9% in Q1

Corpus Christi Crude Oil Exports Up 6.9% in Q1

Simulators Track our Changing Relationship with Technology

Simulators Track our Changing Relationship with Technology

Port Houston Surpasses One Million TEU Mark in First Quarter

Port Houston Surpasses One Million TEU Mark in First Quarter

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