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July 23, 2024
Shipping data from LSEG & Kpler revealed that a tanker involved in a collision last week near Singapore entered the Bertam floating oil storage terminal area on Monday morning, after being intercepted on Sunday by local authorities. On Friday…
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July 23, 2024
Walmart, Target, and Shein retailers started back-to school sales early in order to prevent Amazon.com Prime Day from stealing U.S. sales for backpacks and computers. This helped advance the peak ocean-shipping season by two-months and increase already high freight rates.
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July 23, 2024
The farm ministry announced on Friday that Ukraine has harvested over 13.8 million tons of grain so far. According to the ministry, farmers have harvested 10.3 millions tons of wheat as well as 3.1 million tonnes of barley. In addition, 319.300 tons of beans were harvested.
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July 23, 2024
Yemen's Houthi Rebels damaged and destroyed a container ship flying the Singapore flag with two missiles Friday, as they intensified their attacks against global shipping in response to Israel's Gaza War. The Houthis, who are aligned with Iran…
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July 23, 2024
Maersk said on Friday that a fire had broken out on one of their chartered vessels, sailing from Mundra off the west coast of India, to Colombo in Sri Lanka. Local media reported that the fire was caused by a short-circuit, which resulted in explosions, and that a Filipino seaman died.
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July 23, 2024
The Global Centre for Maritime Decarbonisation in Singapore (GCMD) announced this week that it had completed the final trials of biofuels for ships, with German container company Hapag-Lloyd as well as energy giant BP. The GCMD started an 18…
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July 23, 2024
Two people with knowledge of the sale said that Saudi Arabian Bahri dropped its bid to buy Schenker's German logistics unit from Deutsche Bahn, reducing the competition down to DSV or CVC. Sources said that the departure of Bahri means that…
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July 23, 2024
Traders said that the price of Russian Urals crude is stable in Indian ports. The market's attention has shifted to cargoes due to load next month, amid an anticipated limited lifting plan for Russia’s western ports. In Indian ports, urals oil…
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July 23, 2024
The French shipping and logistic company CMA CGM announced Thursday that it has entered into a partnership agreement with Alphabet’s Google in order to accelerate the deployment of AI across all its global operations. CMA CGM strives to improve…
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July 23, 2024
On Thursday morning, the mayor of Novorossiisk in Russia's Black Sea port issued a sea-drone alert that lasted more than two full hours. Meanwhile, a group unmanned Ukrainian boats were destroyed near Crimea. In his first message sent via Telegram…
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July 23, 2024
According to its timetable, Ukrainian ferry company Ukrferry postponed resuming ferry service between Ukraine and Georgia. The service was suspended after Russia invaded Ukraine in 2022. Last month, the company announced that it would resume service from the Black Sea Port of Chornomorsk on July 9.
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July 23, 2024
Denmark's A.P. Moller-Maersk, the Danish A.P. Maersk, among other shipping companies, has diverted ships around Africa's Cape of Good Hope to avoid attacks from Iran-aligned Houthi terrorists in the Red Sea since December. The longer voyage times have pushed freight rates up.
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July 22, 2024
European ports. Below are actions taken by some shipping business (in. The French shipping group has suspended most Red Sea trips. but is still sending out some cargoes on a case by case basis when. French navy escorts are possible, Chairman and CEO Rodolphe. Saade said on Feb. 29.
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July 3, 2024
The charity that runs the ship said Wednesday that a rescue vessel funded by British street-artist Banksy was grounded in port for 20 consecutive days because it refused to obey Italian authorities' orders for migrants to disembark. The Louise…
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July 3, 2024
Investors welcomed the dovish remarks of Federal Reserve Chair Jerome Powell, and looked forward to the second round in France and the UK national elections. As of 0845 GMT the pan-European STOXX 600 Index was up 0.6%, marking a second consecutive session of gains.
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July 3, 2024
The mayor of Novorossiysk, a Russian Black Sea port, announced that beach access would be restricted on Wednesday morning. Earlier, he had reported that the defence forces were battling a drone attack at sea. On Telegram, Mayor Andrei Kravchenko…
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July 3, 2024
These are the most popular stories from the Financial Times. These stories have not been verified and we cannot vouch for the accuracy of these reports. Hipgnosis Song Management announced that its founder Merck Mercuriadis will step down from…
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July 2, 2024
Norwegian shipping company DOF Group announced on Tuesday that it had signed an agreement with Maersk Supply Service Holding to purchase a Maersk Supply Service from them for $1.11 billion. The deal was a combination of cash and stocks. In the agreement, DOF will pay A.P.
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July 2, 2024
Italian customs and police said that they intercepted two Chinese military drones disguised as wind-turbine equipment and bound for Libya. A joint statement stated that the drones had been disassembled and were hidden in six containers in the port of Gioia Tauro, in the southern region Calabria.
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July 1, 2024
According to shipping documents and data, Venezuelan oil exports in June were mostly flat at 760,000 barrels a day (bpd), as U.S. licences supported the half of shipments for destinations within Europe and the U.S. Washington decided in April…
