Spot premiums for fuel oil were broadly stable in Asia on Monday, while several Southeast Asian tenders for August cargoes were in progress, based on industry sources and shipping records. Thailand’s Thai Oil offered 18,000 metric tons of High Sulfur Fuel Oil...

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Average global rates for shipping containers moderated this week, and market players in Latin America have even seen decreases in costs from Asia, but rates to the US East Coast are likely to remain elevated as deployed capacity remains tight. Drewry’s rates on...

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India’s relations with Turkey could take a new turn after reports that the Turkish government has imposed a moratorium on exports of arms and defense items to India. This came to light during a recent appearance of a senior government official to the Foreign Affairs...

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This is the third CSOV VARD delivers to REM Offshore VARD says it has signed a contract for the design and construction of a state-of-the-art CSOV for Rem Offshore. This is the third CSOV (Commissioning Service Operation Vessel) VARD delivers to REM Offshore. The...

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A global IT outage, caused by a software update from American cybersecurity technology company CrowdStrike, has prompted disruptions in several European container terminals, including Poland’s Baltic Hub, UK’s port of Felixstowe and the Dutch port of...

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South Korea’s HMM Co. announced on Monday that it launched a new Far East Latin America Express (FLX) container service bound for Mexico. The service is operated jointly with Japan’s ONE, a member of THE Alliance, and will deploy 4,000 TEU (TEU = 20-foot...

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