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June 13, 2024
TCP, a subsidiary of China Merchants Port is trying to discourage a logistics company from adding a surcharge to outgoing cargos in South America's biggest container terminal. TCP Commercial Director Carolina Brown confirmed this. The $150 surcharge by France's logistics firm CMA CGM…
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June 13, 2024
The United Kingdom Maritime Trade Operations agency (UKMTO), said Thursday that it had received a report about an explosion near a ship 82 nautical mile northwest of Yemen’s Hodeidah. This is the latest attack reported on shipping in Red Sea.
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June 13, 2024
The Baltic Exchange’s main sea freight indicator, which tracks the rates for vessels ferrying dry bulk products, reached a near-month-high on Thursday. This was supported by rates that were higher across all vessel segments. * The capesize Index climbed by 259 points or 9.5% to 2,985.
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June 13, 2024
A judicial source and his lawyer confirmed on Thursday that the captain and owner, who was responsible for a boat which sank into a northern Italian lake last year, killing four people - including two Italian secret service agents and an ex…
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June 13, 2024
The UK imposed the first sanctions on Thursday against vessels that are believed to be part of Vladimir Putin's shadow fleet, which it says is used by Putin to circumvent Western sanctions in order to continue trading in Russian oil. The government…
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June 13, 2024
When roads come, there is destruction. HONG KONG (Thomson Reuters Foundation), June 13, 2008 - Researchers say that newly discovered ghost road pose a threat unprecedented to the world’s dwindling forests. They also found that AI could map secret…
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June 13, 2024
Ambrey, a British maritime security company, said that a merchant ship reported a missile strike on its vessel while it was en route from Malaysia to Venice in Italy. The vessel had been traveling 129 nautical mile east of Yemen’s Aden. Since November…
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June 13, 2024
Major Feedmill Group of South Korea (MFG) bought an estimated 60,000 tons of soymeal in an international auction on Thursday. The soymeal was expected to come from either South America, or the United States. The estimated cost and freight per ton was $455.49…
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June 13, 2024
European traders reported that the MFIG group of Taiwan bought 65,000 metric tonnes of animal feed corn from Brazil at an international auction on Thursday. They said that the yellow corn was bought at a premium estimated to be 159.88 U.S. Cents…
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June 13, 2024
European traders reported on Thursday that the Lebanese Government is believed to have bought about 63,000 metric tonnes of wheat at a tender. All were expected to come from Ukraine. Wheat was needed for quick shipment to Lebanon. The purchase included 57…
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June 13, 2024
Under Ferdinand Marcos Jr., the relationship between Manila and Beijing has soured. Manila is now turning back to the United States for support in its maritime disputes against China. Marcos will visit Beijing for three days, where he will meet…
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June 12, 2024
Retailers, manufacturers, and other shippers are already dealing with higher costs and longer transit times due to labor talks in U.S. port on the East Coast. The contract of the International Longshoremen's Association, which covers 45,000 dockworkers in three dozen ports from Maine to Texas…
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June 12, 2024
West Coast traders and U.S. refiners are expressing concerns over the quality of crude oil shipped via the recently completed Trans Mountain Pipeline expansion (TMX). They warn that a high vapor pressure limit and an acidity limit could discourage the purchase of Canadian heavy barrels.
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June 12, 2024
Mountain Valley Pipeline, a U.S. natural-gas pipeline company, said it would begin preparing its $7.85 billion pipe that runs from West Virginia to Virginia after obtaining approval from the U.S. Energy regulator. Since construction began in 2018…
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June 12, 2024
According to a Walking Borders report released on Wednesday, an unprecedented number of migrants died at sea trying to reach Canary Islands in Spain during the first five month period of 2024. According to the group, between Jan. 1, 2011 and May 31…
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June 12, 2024
The U.S. Treasury Department announced on Wednesday new sanctions against over 300 entities and people to cut off Russia's ability to access products and services necessary to maintain military production in Ukraine. This includes dozens of Chinese component suppliers.
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June 12, 2024
The presidency of the Democratic Republic of Congo announced on Wednesday that more than 80 people were killed in a boating accident on the River Kwa, in the province of Mai-Ndombe in the DRC. In the Congo's waters, boat accidents can be deadly. The vessels are often overloaded.
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June 12, 2024
The Baltic Exchange’s main sea freight indicator, which tracks the rates of ships transporting dry bulk cargoes, edged up on Wednesday, as gains in panmax vessels offset declines in larger capesize segments. * The overall index which includes rates for Capesize…
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June 12, 2024
Mountain Valley has received approval from the U.S. Federal Energy Regulatory Commission to begin operating its $7.85billion Virginia natural gas pipeline, according to a Tuesday filing. Since construction began in 2018, the Mountain Valley Project…
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June 12, 2024
European traders reported on Wednesday that Jordan's state grain buyer had issued an international tender for the purchase of up to 120,000 tons of animal feed barley. The deadline to submit price offers for the tender is 26 June. The tender sought a number of combinations between 50…
