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April 17, 2025
Bloomberg News reported that Indian billionaire Gautam Adani, who is India's biggest private port operator, will transfer the ownership of a terminal in Australia to Adani Ports & Special Economic Zone for a total amount of $2.4 billion. The…
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April 11, 2025
Port of Los Angeles Executive Director Gene Seroka stated on Friday that imports to the country's busiest seaport may drop as early as May as companies stop orders as a result of President Donald Trump's increasing tariffs against China and other trading partners.
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April 11, 2025
Two sources familiar with the situation said that at least two vessels chartered by Chevron to transport Venezuelan crude are stranded in Venezuelan waters because the state oil company PDVSA canceled their export authorizations following the U.S.
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April 8, 2025
U.S. trade representative Jamieson Greer informed lawmakers on Tuesday that the proposed multimillion dollar fees for Chinese-built vessels docking at U.S. port may not be implemented in full and they might not be cumulative. Greer said at a…
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March 31, 2025
The Caspian Pipeline Consortium, which exports Kazakhstan and Russia's crude oil via the Black Sea to Europe, announced Monday that two of the terminal's three moorings points had been halted. CPC, which transports about 1% world oil and is a major route for Kazakhstan oil exports…
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March 13, 2025
DP World, a Dubai owned ports and logistics firm, reported a 28% decline in annual profits on Thursday, citing increased finance costs. The company also highlighted an uncertain outlook because of "geopolitical risk" and a changing global trade landscape.
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March 12, 2025
The Panama Canal Authority's Ricaurte Vaquez said in a Wednesday video conference that the fees for vessels passing through the canal this year were 15% lower than last year, as the waterway has more capacity. A severe drought that will occur…
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March 11, 2025
The spokesperson for the Sri Lankan cabinet said that the country has not changed its position on doing business in India with the Adani Group, and it welcomes any investment opportunities offered by the conglomerate. U.S. prosecutors indicted…
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February 26, 2025
Marsa Maroc, Morocco’s largest port operator, announced on Wednesday that it had been awarded a contract for the operation of a second terminal in Nador West Med Port on the Mediterranean Coast. The terminal is 18 meters deep and extends along 1440 metres of quay.
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February 23, 2025
Osama Rabi, the chairman of Egypt's Suez Canal Authority, said that since February 1, 47 ships had been diverted from Cape of Good Hope into Suez Canal. Rabie stated earlier this month that the Red Sea Crisis did not create an alternative route for the canal…
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February 20, 2025
According to calculations based upon data from industry sources, the offline primary oil refinery capacity of Russia in February has been revised up by 82% compared to what was originally planned for this month. In February, idle primary oil…
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February 20, 2025
Two sources with knowledge of the situation said on Thursday that oil loadings at Russia's Black Sea Port of Novorossiisk resumed on Tuesday night, after being idle for two consecutive days due to storms. The storm caused the suspension of oil loadings at the Russian Black Sea port Novorossiisk…
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February 2, 2025
A spokesperson for the State Department said that U.S. Secretary Marco Rubio informed Panamanian President Jose Raul Mulino during talks on Sunday that Donald Trump had determined that China's influence threatened the Panama Canal, and that urgent changes were required or the U.S. might act.
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January 30, 2025
Rumo, a Brazilian logistics company, said that a conveyor belt in a major grain transshipment facility in Mato Grosso caught fire at the early hours of Thursday morning. The fire happened at a busy season when Brazil harvests a large soybean crop and starts shipping it to China.
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January 28, 2025
Five engineers at the facility said that local protesters stopped the loading of crude oil onto tankers in the ports of Es Sidra and Ras Lanuf, Libya, on Tuesday. In a letter addressed to the state-run National Oil Corporation of the country last week…
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January 22, 2025
Tanger Med Port in Morocco said Wednesday that it retained its position as the Mediterranean’s leading port, handling 10,24 million containers. This is an increase of 18.8% compared to a year ago. In June, the port reported that it expected…
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January 22, 2025
in the day, according to a shipping notice seen . up until now caused small interruptions to energy operations. Tuesday amid low temperatures and snow in Texas. according to the advisories. on Tuesday, the port stated. their service remained suspended. remark.
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January 21, 2025
Texas pilots who help move vessels around ports suspended some operations Monday due to the frigid temperatures that hit the state. According to an agent, the Brazos Santiago Pilots had been scheduled to stop ship movements on Monday just before midnight as conditions offshore worsened.
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January 10, 2025
Emergency services reported on Friday that a tugboat had stopped a Panama flagged tanker, carrying 99,000 metric tonnes of oil, from drifting uncontrollably off the coast of Germany's Baltic Sea near Ruegen. It said that the 274-metre tanker…
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December 26, 2024
Abdel Fattah al-Sisi, Egyptian president, said that the Red Sea events and regional challenges will cost Egypt $7 billion in revenue from the Suez Canal by 2024. Sisi, in a statement without giving any details, said that Egypt lost 60% of its canal revenues between 2024 and 2023.
