The Australian Bureau of Statistics (ABS) reported yesterday that export of domestic goods in October 2021 fell $1,491m (3%) compared to September 2021 and amounted to $43,053m, driven by falls in iron ore prices. According to the report, e

The International Maritime Organization (IMO) in view of the urgency for all sectors to accelerate their efforts to reduce GHG emissions as emphasized in the recent IPCC reports and the Glasgow Climate Pact, recognized the need to strengthe

South of the Border Latin America has historically been home to both a large population and large refining base. However, decades of underinvestment and economic turmoil, coupled with overseas competition has seen regional players struggle

The Panama Canal Authority is set to become one of the first governmental entities in the world to charge shipowners a fee for their vessels greenhouse gas emissions. Speaking at the AAPA Latino conference in Cartagena, Colombia, on Novembe

Following the delivery of the first 12,200TEU ultra-large container ship MSC CAROLE on September 30, another two new ships of the same series have also been delivered ahead of schedule. On November 24, Yangzijiang Shipbuilding Group held a

We are now in December and the tanker market remains surprisingly weak. At the time of writing, rates in the MR segment are around USD 8,000 per day double the level earlier this autumn, certainly, but still some way below what an MR vessel

The technology group Wrtsil, together with class society RINA, ABB, Helbio - a subsidiary of Metacon AB, the Liberian Registry, and an energy major have joined forces in an effort to deliver asolution with hydrogen as fuel. The aim is to ha

The 10 leading publicly listed container shipping lines are on track to earn a record $115 billion to $120 billion in profit in 2021, a windfall that could transform the structure of the industry as those earnings are reinvested, shipping i

Chinese steel rebar and hot rolled coils futures jumped on Thursday, as demand for the most traded May deliveries are expected to recover from the weak consumption season. The most active construction rebar futures on the Shanghai Futures E

Memorandum of Understanding emphasizes the collaboration of Power Barge or Floating LNG to Power projects worldwide MAN Energy Solutions signed a Memorandum of Understanding (MOU) with Wison Offshore Marine regarding the strategic collabora

Hege Solstad has joined Inchcape Shipping Services as Vice President Commercial for the Europe Region. Chief Commercial Officer Christopher Crookall commented: We are delighted to announce that Hege Solstad joins Inchcape as Vice President

EU gas storage levels are starting the heating season with a sharp draw, both on a percentage and an absolute level. Insufficient Russian pipeline flows alongside fierce competition for seaborne LNG has meant demand is outstripping supply f

On December 1, Ningbo Zhoushan Port announced the Ningbo Zhoushan Port Foreign Trade Import and Export Container Port Charge List (Version 202111), which will be implemented from January 1, 2022. According to the list of charges published b

On November 30, CSSC Carnival (Shanghai) Cruise Shipping, the largest cruise company in China jointly established by China State Shipbuilding Corporation and Carnival Group, officially settled in Baoshan District, Shanghai. It marks the arr

Export Finance Norway (Eksfin) has reached a new milestone of NOK 10.3bn (EUR 1.04bn) in loans and guarantees for offshore wind projects worldwide. Its latest loan guarantee relates to a converter platform contract awarded to Norwegian supp