A long-term US ban on issuing new LNG export permits would have “quite an impact” on the global LNG market, forcing buyers to look elsewhere for needed supply, a senior Shell executive said Feb. 14. The White House on Jan. 26 announced an “pause” on permits issued by...

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Euro zone inflation is heading back towards the 2% target but the European Central Bank still needs more confirmation before it can cut rates, two influential policymakers said on Thursday. The ECB has kept interest rates unchanged at a record high since September and...

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Trade moving through the Port of Long Beach rose in January as retailers stocked up ahead of Lunar New Year, when east Asian factories typically close for up to two weeks. Dockworkers and terminal operators moved 674,015 twenty-foot equivalent units (TEUs) last month,...

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The Port of Los Angeles handled 855,652 Twenty-Foot Equivalent Units (TEUs) in January, the second-best start to the year on record. Eclipsed only by the pandemic-induced cargo surge in 2022, it was the sixth consecutive month of year-over-year increases and surpassed...

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Iran will reciprocate if its ships are seized, the legal adviser to Iran’s President told state media on Thursday, in response to a statement by the United States Department of Justice. This month, the Department of Justice issued a statement announcing the seizure of...

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Pyxis Tankers Inc., an international shipping company, announced today that it has completed the acquisition of an 82,013 dwt dry bulk vessel built in 2015 at Jiangsu New Yangzi Shipbuilding. The $26.625 million purchase of the eco-efficient Kamsarmax, fitted with a...

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