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October 29, 2024
Adani Ports and Special Economic Zone in India said that it was "well-positioned" to reach the upper end its core profit forecasts for fiscal year 2025 after missing Tuesday's profit estimates. After a 10% increase in cargo volumes in the third quarter of fiscal year 2025…
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October 25, 2024
Black Sea CPC blend oil exports via Caspian Pipeline Consortium's (CPC) system will increase in November, after maintenance at Kazakhstan's Kashagan oilfield is completed. Two sources said that exports will increase to 1.42 million barrels a day (bpd)…
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October 9, 2024
Amy Khor said that Singapore's senior minister for transport Amy Khor announced at the SIBCON2024 conference that marine fuel suppliers in Singapore, the world's biggest bunker hub, would be required to offer digital bunkering and electronic bunker delivery note starting April 1, 2025.
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October 3, 2024
Shipping shares fell across Asia Friday, after U.S. port operators and workers reached an agreement to end the strike at docks on the East Coast and Gulf Coast much sooner than expected. Evergreen Marine, Wan Hai Lines, and Yang Ming Marine…
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September 27, 2024
A White House official stated that the Biden administration is encouraging unions and employers to quickly and in good faith negotiate a new contract ahead of any possible strike on Tuesday at ports. The International Longshoremen's Association…
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September 27, 2024
Nearly 200 agricultural organizations urged the White House on Friday morning to address U.S. agriculture supply chain issues, in light of a possible East and Gulf Coast ports strike that could start on Tuesday. According to the groups, there are "imminent and serious shipping disruptions"…
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September 25, 2024
On Wednesday, agriculture groups urged the White House take action to prevent a possible strike that could start on October 1 at U.S. East Coast and Gulf Coast ports. These ports handle about half of the nation's ocean imports. The American Farm Bureau Federation and other groups…
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September 20, 2024
The regional governor of Odesa said that a Russian missile attack has damaged port infrastructure in Odesa and a civilian vessel flying the flag of Antigua. Governor Oleh Kiper announced on Telegram that four people were injured by the strike.
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September 12, 2024
Market sources say that the crude oil loading plan for Russia from the Baltic port of Primorsk & Ust-Luga has been revised up by 0.2 million metric tons in September to 6.2 millions tons. Rosneft is Russia's biggest oil company. It has added 200…
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September 3, 2024
VTTI’s oil storage facility in the Europoort region of the Port of Rotterdam is back to normal after a power failure at the port impacted it for a few hour earlier on Tuesday. Sources close to the issue said that the Service Terminal Rotterdam…
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September 3, 2024
The Netherlands' electricity grid operator TenneT reported that a power outage at the Rotterdam Port area affected the major petrochemical industries located there on Tuesday morning for several hours. However, the problem was resolved shortly after 1000 GMT.
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September 2, 2024
Transnet, the state-owned South African logistics group, reported a loss of 7.3 billion Rand ($408,72 million) for the year ending March 2024. This is up from a loss of 5.1 billion Rand a year before. Transnet, a debt-laden company, has been…
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August 9, 2024
China's Ningbo Zhoushan Port is one of the busiest in the world. State media reported that an explosion occurred on a container vessel on Friday. According to state media, no casualties have been reported following the explosion on YM Mobility around 1:40 p.m.
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July 25, 2024
According to data provided by financial firm LSEG, and a filing made with Texas environmental regulators, the U.S. liquefied gas (LNG), company Freeport LNG is on track to resume service Thursday following a shutdown on Wednesday. Freeport is one the most watched U.S.
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July 24, 2024
The MPA announced on Wednesday that Hafnia Oil Tanker owner Hafnia is in discussions with Singapore's Maritime and Port Authority about transferring damaged naphtha cargo to a secure location. On July 19, the tankers Hafnia Nile, flying the Singapore flag…
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July 23, 2024
West, a UK ship insurer, said that it would be difficult to pay claims for ships involved with accidents or collisions involving other vessels insured by the sanctions-hit Russian Ingosstrakh. This is another indication of the difficulties with Moscow's oil trading.
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July 23, 2024
In the second quarter 2024, the Port of Corpus Christi in Texas moved 50.1 millions tons of goods along the Corpus Christi Ship Channel, an increase of 1.7% compared to the same period of last year. Corpus Christi has oil refineries, shipping ports and is a major crude oil exporting location.
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July 23, 2024
Three sources with knowledge of the matter confirmed that Citi delivered large quantities of lead to London Metal Exchange approved warehouses in Singapore for lucrative financial deals on Monday. The total LME stock of battery metal has now reached its highest level since early May.
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July 23, 2024
On Monday, large quantities of lead were delivered for financial deals to London Metal Exchange approved warehouses in Singapore. Total stocks of the battery material have reached their highest level since early May. According to industry sources…
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July 23, 2024
Veniamin Kodratyev, the regional governor of the southern Krasnodar Region in Russia, said that a Ukrainian drone attacked a ferry in Port Kavkaz and killed a person. The RIA news agency, citing a source from emergency services, reported that…
