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Tracker News

12 Feb 2024

US Import Volumes Seen Rising Despite Red Sea Disruptions

© Anthony Sanchez / Adobe Stock

Inbound cargo volume at the United States’ major container ports is expected to see year-over-year increases through the first half of the year despite attacks on ships in the Red Sea, according to the Global Port Tracker report released by the National Retail Federation and Hackett Associates.“Only about 12% of U.S.-bound cargo comes through the Suez Canal but the situation in the Red Sea is bringing volatility and uncertainty that are being felt around the globe,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. “U.S.

09 Jan 2024

Oil Tankers Continue Red Sea Movements Despite Houthi Attacks

© Haris Andronos / Adobe Stock

Oil and fuel tanker traffic in the Red Sea was stable in December, even though many container ships have rerouted due to attacks by Iran-aligned Houthi militants, a Reuters analysis of vessel tracking data showed.The attacks have driven up shipping costs sharply along with insurance premiums, but have had less impact than feared on oil flows, with shippers continuing to use the key East-West passage. The Houthis, who have said they are targeting Israel-bound vessels, have largely…

12 Dec 2023

US Import Cargo Peak Came Later Than Expected -Report

© sheilaf2002 / Adobe Stock

Inbound cargo volume at the United States’ major container ports should continue to slow in the final weeks of 2023 after reaching its peak later than expected this fall, according to the Global Port Tracker report recently released by the National Retail Federation and Hackett Associates.“We originally thought peak season would come in August but imports kept growing in September and again in October,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said.

23 Aug 2023

Suez Canal Ship Traffic Unaffected After Tanker Collision

(Photo: Suez Canal Authority)

Normal traffic is expected to resume through the Suez Canal within hours, the head of the canal authority said on Wednesday, following the collision of two vessels."Slight contact" was made after LNG carrier BW Lesmes made a sudden stop due to a technical failure that coincided with a strong current that drove oil tanker Burri towards it, authority chairman Osama Rabie said.The canal authority responded by sending tugboats to move both ships, he said.Singapore-flagged BW Lesmes was successfully towed outside of the waterway…

10 Jul 2023

Deep-sea Mining: A New Gold Rush or Environmental Disaster?

Image courtesy of the NOAA Office of Ocean Exploration and Research, 2019 Southeastern U.S. Deep-sea Exploration

In the depths of the Pacific Ocean between Mexico and Hawaii, trillions of potato-shaped rocks are scattered across the seabed - containing minerals such as nickel, cobalt and manganese vital for new green technologies in the global energy transition.In this ocean region - the Clarion-Clipperton Zone (CCZ) - an abundance of the rocks, known as polymetallic nodules, is increasingly fuelling debate about the mining of metals needed to produce technology such as batteries for electric…

25 May 2023

Ship Grounded in Suez Canal

A ship has grounded in the Suez Canal, shipping agent Leth Agencies said early on Thursday.Suez Canal tugboats are trying to refloat the vessel, named Xin Hai Tong 23, the company said.There was no immediate comment from Canal authorities."M/V XIN HAI TONG 23 has grounded in the Suez Canal at KM 159/0400 hrs," Leth Agencies said in a tweet, adding it was "leaving behind 4 vessels from the early convoy in addition to the ordinary group which was planned to enter Suez Canal at about 0600 hrs."The Marine Traffic ship tracker and Refinitiv data showed the ship, which sails under the Hong Kong flag, as "not under command" near the southern end of the canal, positioned at an angle next to the canal's eastern side.(Reporting by Hatem Maher and Ahmed Tolba; writing by Nafisa Eltahir, Editing by Mu

08 May 2023

US Consumer Goods Import Forecast Lowered for First Half of 2023

© ManuelHurtado / Adobe Stock

Closely watched U.S. retail trade forecasters on Monday lowered their import target for the first half of 2023 and said they expect incoming ocean container volume to remain soft going into this autumn - when retailers like Walmart (WMT.N) should be well into holiday season preparations.The Global Port Tracker now expects U.S. container imports of 10.4 million 20-foot equivalent units (TEU) for the first half of the year, a reduction of nearly 4% from its prior forecast.

04 May 2023

How Will China's Clampdown on Mislabelled Cargoes Affect Sanctioned Oil?

Illustration only - ©Igor Kardasov

Chinese customs authorities are stepping up inspection checks on cargoes of heavy crude oil after uncovering several Iranian shipments that were mislabelled as diluted bitumen in an effort to bypass import quotas.The checks, begun a month ago, are delaying oil discharges into the eastern refining hub of Shandong province.They are also adding to uncertainty over the risk of disruption to shipments from Iran and Venezuela, while cutting into refining operations just as fuel demand recovers.

10 Apr 2023

Credit Suisse Wins $41 Million Superyacht Lawsuit Against Saudi Prince

© Yü Lan / Adobe Stock

Swiss lender Credit Suisse has won a $41 million lawsuit against a member of the Saudi royal family over a loan to refinance a super yacht, with London’s High Court ruling there was no viable defense to the bank’s case.Prince Fahad bin Sultan bin Abdulaziz al Saud is liable to pay his company Burgundy Sea Ltd’s debts to Credit Suisse, Judge Robert Bright said in a written ruling.The judge had ruled in Credit Suisse’s favor without a trial at a hearing last month, at which the prince and Burgundy were unrepresented…

28 Mar 2023

Meet SMARCO, Cloud-based Tech, Sensors for Container Efficiency, Security

Image courtesy Meratus

Indonesian shipping company Meratus unveiled SMARCO-Smart Container, a technology that leverages advanced sensors and cloud-based tech for efficient and secure container shipping. Using IoT sensors, GPS tracking, and cloud-based technology, SMARCO is desgined to providefull visibility and control of container shipments, including real-time monitoring of movement, speed, shock, intrusion, and temperature changes.After arrival at the destination, customers receive a comprehensive report on  the shipment process.

07 Mar 2023

Debunking Four Myths that Stand in the Way of Wind-powered Cargo Ships

(Image: Oceanbird)

Sailing cargo ships are making a genuine comeback.Japanese bulk carrier MOL is operating a wind-assisted ship. American food giant Cargill is working with Olympic sailor Ben Ainslie to deploy WindWings on its routes. Swedish shipping company Wallenius is aiming for Oceanbird to cut emissions by up to 90%. The French start-up Zephyr & Borée has built the Canopée, which will transport parts of European Space Agency’s Ariane 6 rocket this year.I researched the decarbonisation of the shipping industry.

02 Dec 2022

Iran Oil Cargo Previously Seized by U.S. Unloads in Syria

An Iranian-flagged tanker on Friday delivered an oil shipment to Syria, which the United States had previously confiscated around Greece, ending months of uncertainty about the cargo, a ship tracker said.The seizure from the Lana, formerly the Pegas, prompted Iranian forces in May to seize two Greek tankers in the Middle East Gulf which were released on Nov. 16. Satellite tracking data showed the Lana had discharged the cargo of around 700,000 barrels in the Syrian port of Banias, said Claire Jungman, chief of staff with U.S. advocacy group United Against Nuclear Iran (UANI), which monitors Iran-related tanker traffic through ship and…

07 Oct 2022

US Imports Headed to Lowest Level Since Early 2021

© sheilaf2002 / Adobe Stock

Imports at the United States’ major container ports are expected to fall to their lowest level in nearly two years by the end of 2022 even though retail sales continue to grow, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.“The holiday season has already started for some shoppers and, thanks to pre-planning, retailers have plenty of merchandise on hand to meet demand,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said.

11 Aug 2022

First Ukraine Grain Deal Ship Docks in Turkey After Lebanese Buyer Refused Delivery

(Photo: Embassy of Ukraine in Lebanon)

The first grain ship to depart from Ukraine under a U.N.-brokered deal docked in Turkey on Thursday after 11 days at sea, Refinitiv data showed, and the ship's agent in Turkey said it would continue to Egypt after unloading part of its cargo.The Razoni set sail from Ukraine's Odesa port on Aug. 1 under a deal brokered by the United Nations and Turkey between Russia and Ukraine.

18 May 2022

China Moves Another 2 Million Barrels of Iranian Oil into Reserve Tanks

© Jess Yu / Adobe Stock

China is set to receive close to two million barrels of Iranian oil this week and pump into a reserve base in south China, according to tanker tracker specialist Vortexa Analytics.Diona, a very large crude carrier owned by National Iranian Tanker Company (NITC), is expected to discharge the oil into an oil terminal in Zhanjiang of Guangdong province, said Emma Li, Vortexa's China analyst.This would be the third Iranian oil cargo destined for government stockpile following two similar-sized shipments in December and January.This shipment is likely to be reported by Chinese customs which is due

25 Apr 2022

Greenpeace Blocks Ust Luga Tanker from Delivering Russian Oil to Norway

Credit: Greenpeace

Greenpeace activists sought to block a tanker on Monday from delivering Russian oil to Norway, chaining themselves to the vessel in a protest against the war in Ukraine, the advocacy group said.The Ust Luga product tanker is currently anchored outside Exxon Mobil's Slagen oil terminal some 70 km (43 miles) south of the capital Oslo, according to vessel tracker Marine Traffic.Activists arriving in a small boat chained themselves to the tanker's anchor chain as they sought to prevent the offloading of a cargo estimated at 95…

11 Nov 2021

New Emissions Tracker for Charterers Launched

‘Emissions’ dashboard hosting simulated data (Photo: Klaveness)

Klaveness’ digital arm has partnered with their decarbonization gurus at ZeroLab to make emissions from seaborne transportation readily available to charterers.A new emissions monitoring tool in CargoValue enables cargo owners to view total emissions by commodity, volume and ship type. The tool, previously piloted with a major charterer in the aluminum industry, enables cargo owners to quickly assess how their seaborne supply chain emissions align within the Sea Cargo Charter…

10 Dec 2021

US Retail Imports Grow at Record Pace Despite Pandemic

© MichaelVi / Adobe Stock

Imports at the United States’ major retail container ports are expected to end 2021 with both the largest volume and fastest growth on record despite supply chain disruptions brought on by the COVID-19 pandemic, according to the monthly Global Port Tracker report released by the National Retail Federation (NRF) and Hackett Associates.“This has been an unprecedented year,” said Jonathan Gold, NRF Vice President for Supply Chain and Customs Policy. “We’ve seen more disruption than ever before because of issues along every step of the supply chain and continued strong consumer demand…

09 Nov 2021

US Retail Imports Near Record Pace Despite Port Congestion

© Mariusz / Adobe Stock

Imports at the United States’ congested container ports are expected to remain at near-record levels for the remainder of the year as retailers rush to move merchandise from docks to shelves in time to meet the expectations of holiday shoppers, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.“Dockworkers are unloading ships as fast as they can, but the challenge is to move the containers out of the ports to make room for the next ship,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said.

26 Apr 2022

Norway Arrests Activists Blocking Tanker from Unloading Russian Oil

 Greenpeace activist Andreas Randoy - Credit: Greenpeace - Free Use License

Norwegian police said they had arrested 20 Greenpeace and Extinction Rebellion campaigners who on Monday blocked a tanker from delivering Russian oil to an Exxon Mobil terminal.In a protest against Russia's invasion of Ukraine, activists had fastened their red rubber dinghy to the Ust Luga's anchor chain, Greenpeace said, as they sought to prevent it offloading an estimated 95,000 tonnes of oil."Oil is not only at the root of the climate crisis, but also of wars and conflicts.

07 Feb 2022

Abu Dhabi's AD Ports Raises $1B Before Market Debut

Abu Dhabi's AD Ports Group, owned by sovereign wealth fund ADQ, said it raised 4 billion dirhams ($1.1 billion) in proceeds from its primary issuance and would list its shares on the bourse on Tuesday.AD Ports Group, which operates ports, logistics and industrial zones, said the funds raised would be used for its organically and with acquisitions, as the company plans to expand both locally and internationally.AD Ports Group's shares are set to trade on Tuesday on the Abu Dhabi Securities Exchange under the ticker symbol ADPORTS, the company said in a statement.ADX has seen a surge of new list

04 Mar 2022

China Taps Alternative Payments to Keep Russian Oil Flowing

© Igor Groshev / Adobe Stock

Chinese refiners are paying for Russian crude oil using cash transfers to maintain imports from Russia’s Fast East, as banks shy away from financing the oil because of sanctions, sources with knowledge of the matter said.Global oil prices have soared to their highest in a decade as banks halted financing Russian oil after the United States and other countries ramped up sanctions on Moscow following its invasion of Ukraine.Spot crude premiums and freight rates also spiked, piling on buyers’ costs.Several European and U.S.

07 Sep 2021

ADQ Plans to List Abu Dhabi Ports on the Stock Exchange

(Photo: Abu Dhabi Ports)

State-backed holding company ADQ said on Tuesday it plans to list Abu Dhabi Ports Co on the Abu Dhabi Securities Exchange (ADX) before the end of the year.The proposed listing of a portion of existing shares is expected before the end of 2021, it said in a statement, subject to market conditions and obtaining regulatory approval.Established in 2006, Abu Dhabi Ports has 11 ports and terminals, and more than 550 square km ($334 miles) of industrial zones within Khalifa Industrial Zone Abu Dhabi (KIZAD) and Higher Corporation for Specialized Economic Zones.For the year ended December 31, 2020, Ab