On January 26th, after weeks of speculation and mounting concerted pressure from environmental activists and others, US President Joe Biden announced a temporary pause on approving new US LNG export projects by an Executive Order. Existing and under-construction US...

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LNG bunker fuel in Rotterdam has been more competitive in comparison with other shipping fuels this winter, trading at discounts to alternatives such as 0.5% marine fuel not seen since the summer months of 2023.Winter leads to stronger heating and power demand that...

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Shipping group CMA CGM on Friday suspended until further notice all crossings by its vessels of the Bab al-Mandab Strait in and out of the Red Sea due to security risks, a source familiar with the matter said. The decision was taken after the latest attacks on vessels...

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New research from Economist Impact and DP World reveals that European businesses are deploying innovation and technology in supply chains to counter a shifting geopolitical and trade landscape. Yet European businesses have an optimistic outlook for 2024, foreseeing an...

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Venezuela’s exports of crude and refined products fell by 25% in January to some 624,000 barrels per day (bpd) as power outages hit the main oil export terminal, according to vessel tracking data and internal documents from state oil firm PDVSA. The U.S. this week...

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Figures released today reveal a shift in weather and demand has had a significant impact on Port of Newcastle’s diversified trade results for 2023. CEO Craig Carmody said the overall trade figure, which contributed $48 billion to the economy, is not representative of...

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