Coastal clean-up operations are ramping up on South Africa’s west coast after an oil spill caused by the breakup of a grounded Panama-registered general cargo vessel, the MV Ultra Galaxy, due to battering by massive waves associated with a cold front that enveloped...

Read More

DP World welcomes the decision by a US court to enforce a $200 million award against the Government of Djibouti, giving it yet another win in its ongoing legal battle over the illegal seizure of its concession to run a container terminal in the Red Sea country. DP...

Read More

According to Bloomberg, Indian billionaire Gautam Adani is considering investing more than $2 billion in a port in Vietnam’s coastal city of Danang. It said the Lien Chieu port development is one of numerous infrastructure projects being considered, citing the...

Read More

Spot fuel oil premiums extended gains in Asia on Wednesday, backed by strength in the derivatives market where buying activity gathered pace and led to a firmer market structure, trade sources said. Based on data from LSEG and market sources, the backwardation spreads...

Read More

The ocean container shipping market reached a tipping point in July, with long-term rates on major fronthaul trades showing signs of life just as spiraling short-term rates begin to soften. The Xeneta Global XSI®, which covers all valid long-term contracts in the...

Read More