News Flash
Hapag-Lloyd christens the “Hamburg Express” in the Port of Hamburg: Milestone for Sustainability & Efficiency
the “Hamburg Express” – the eponymous flagship of Hapag-Lloyd’s “Hamburg Express” class – was ceremoniously christened at the Container Terminal...
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The ACI (Advanced Cargo Information) implementation postponed by Libya Customs until further notice
This update follows the prior customer advisory on the Advanced Cargo Information (ACI) requirement for pre-registering shipment details for all containerized imports...
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Maersk Opens Its Largest Distribution Centre in the Philippines, Anchoring Customer Supply Chain in Crucial Transport Corridor
P. Moller – Maersk (Maersk), through Maersk Contract Logistics in the Philippines, inaugurated its largest distribution centre in the country...
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How to get more ship uptime, save fuel or cut emissions – guaranteed
It’s time to shift your focus from short-term fixes to long-term goals. Are you targeting uptime, fuel savings or lower...
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Global LNG market: Analysing trends and future prospects
Martin Cartwright is the Global Business Director for the gas carrier segment (LNG, LPG, ammonia, hydrogen, multi-gas) at DNV. With...
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Iron ore gains as markets await key China meeting
Iron ore futures swung to gains from losses on the first working day of the week as the market keenly...
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TORM plc capital increase in connection with delivery of one 2015-built MR vessel
With reference to Company Announcement no. 30 dated 15 July 2024 where TORM plc (“TORM”) announced the acquisition of eight...
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Chinese ports container volume rises 7.7 % from January to September of 2024,Ningbo Containerized Freight Index decrease significantly in October 2024
From January to September of 2024, the container throughput of Chinese ports was 248.5 million TEU, a year-on-year increase of...
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India: Crude imports fall amid refinery shutdowns and West Asia tension
India’s crude oil imports in October declined to a 13-month low amid maintenance-related shutdowns at some refineries and the geopolitical...
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Asia Fuel Oil-Supply and demand fundamentals diverge, some Dec spot offers emerge
Asia’s fuel oil markets were mixed on Monday as supply and demand fundamentals diverged, while very low sulphur fuel oil’s...
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Russia’s October seaborne diesel exports hit 13-mth low, LSEG data shows
Russia’s October seaborne diesel and gasoil exports fell to their lowest level since September 2023 at 2.6 million metric tons...
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WAF VLCC market remains in the doldrums despite onset of fourth quarter
Rates for Very Large Crude Carrier voyages loading in West Africa have so far failed to mount a sustained recovery...
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Baltic index edges lower as rates of some vessel segments fall
The Baltic Exchange’s dry bulk sea freight index fell on Monday, pressured by falling rates across the panamax and supramax...
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The Surprising Resilience of Globalization: An Examination of Claims of Economic Fragmentation
Globalization continues—the widespread predictions of its death were wildly premature. But this is nothing to celebrate. The current round of...
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Asian spot LNG steady on warmer than average temperature forecasts
Asian spot liquefied natural gas (LNG) prices held steady this week as forecasts of warmer-than-average temperatures in both northeast Asia...
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US oil and gas rig count unchanged this week, Baker Hughes says
U.S. energy firms kept the number of oil and natural gas rigs operating unchanged for a second week in a...
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Iraq reduces oil exports to 3.3 mln barrels per day
Iraq’s Oil Ministry said Friday that the country has reduced its oil production and cut its crude exports to 3.3...
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Vancouver Port Employer Could Shut Out Foremen, Bulk Grain Will Not Be Hit
Port of Vancouver foremen will be locked out on Monday unless they scrap a proposed strike, employers at Canada’s biggest...
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Ericsson, China Mobile and Zhangjiagang Port 5G-powered smart port success
Several use case applications have been implemented across the 5G network at different periods since its deployment in August 2022....
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Wallenius Wilhelmsen announces another strong quarter
“We are proud to announce the second strongest quarter on record with adjusted EBITDA of USD 503m,” says Lasse Kristoffersen,...
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