Logistics

Hapag-Lloyd Sees Uptick of Incorrectly Declared Dangerous Goods

Year-on-year increase of 65 percent; more than 4,300 cases worldwide   Container shipper Hapag-Lloyd said it registered considerably more incorrectly declared dangerous goods last year,

Iran's Envoy to Russia Says Tehran will Raise Oil Market Share

Iran will increase its share of the global oil market gradually, in order to avoid price volatility, RIA news agency quoted Iran's envoy to Moscow as saying on Monday.

Baltic Index Touches New Record Low

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying industrial commodities, registered a new all-time low on Monday on muted vessel demand.

SevenCs Supports MariGreen Project

SevenCs is part of the EU INTERREG V A cross-border project “MariGreen” to support the maritime industry in the transition towards more efficient, greener and more sustainable shipping.

Refiners: Cheap Gasoline Demand Will Grow

The largest U.S. independent refiners are bullish on domestic gasoline demand as super-cheap fuel and the lure of bigger vehicles entice more consumers. Valero

Norway will be Lithuania's 2016 Top Gas Supplier

Lithuania will import more gas from Norway than from former sole supplier Russia in 2016 after developing infrastructure to support liquefied natural gas (LNG) imports,

Anglo American's CEO: No Quick Commodities Rebound

Anglo American's chief executive said on Monday the mining industry had itself to blame for oversupply in the market and cannot rely on a reversal of the commodities price slump anytime soon.

DP World 2015 Box Volumes Rise 2.4 pct

Dubai's DP World, one of the world's biggest port operators, on Monday said its 2015 annual gross container volumes rose 2.4 percent on a like-for-like basis and

Big Oil Shrinks and Plots the Way Forward

Companies seek to safeguard growth for when market recovers. As oil and gas companies cut ever-deeper into the bone to weather their worst downturn in decades,

Allianz, BofA Invest in U.S. Wind Farms

Marks first wind investment by Allianz in USA; combined volume at more than 600 mln euros. Allianz and Bank of America are investing in two onshore wind parks developed by French utility EDF,

U.S.-Georgian Consortium Wins Black Sea Port Contract

A U.S.-Georgian consortium has been awarded a $2.5 billion contract to build and develop a deep-sea port in Anaklia on Georgia's Black Sea coast, as the tiny ex-Soviet

Emerging Markets Hit by Commodities, Credit and Currencies

The global economy is being hit by a slowdown in growth, large swings in exchange rates and tumbling commodity prices. These three factors are often portrayed

India's Fading Product Exports Contrast China's Boom

One of the dominant themes in Asia's oil products markets is the rise of Chinese fuel exports, so much so that the decline in shipments from India barely gets mentioned.

Consol Energy Nominates Southeastern's CEO to Board

Consol Energy Inc said on Monday it nominated Bernard Lanigan, the chief executive of Southeastern Asset Management Inc, the coal and natural gas producer's largest shareholder,

Top Deck Rejig at Yara

 Yara International ASA announces organizational and management changes, to improve strategic focus and execution. "After spending recent months visiting numerous Yara sites,

Cyprus Shipping 'Navigates' the Country to Recovery

 Cyprus shipping sector has evolved in the recent years as one of the leading sectors of the economy and “navigates” Cyprus to economic recovery, President of the

Demolition Age Drops as the Dry Bulk Market Enters Another Challenging Year

 The dry bulk market faced a lot of headwind in 2015 as dwindling demand and over-supply created very unfavourable market conditions, says BIMCO.   2016 has shown

Shipping Line Consolidation: What Did the Airlines Do?

 The container shipping industry is faced with the challenge of ever-decreasing freight rates that can only be served viably with larger, more efficient vessels.

Sea Trade’s Problems Multiplying

 For good or for bad, shipping market analysts have looked at trade growth ‘multipliers’ for many years, says Clarksons Research.   In 2015 global seaborne trade is estimated to have grown by 2.

Total Signs Deal to Supply LNG to China's ENN

 Total SA has signed an agreement to supply liquefied natural gas to ENN Energy in China, according to a news release on the French energy company's website.   The deal is for 0.

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