California Dreamin The state of California is a unique case in the US energy market, particularly when it comes to crude oil. Thanks to local environmental laws, around 75% of the states oil demand has to be met with overseas barrels due to

On August 22, the cooperation ceremony of three 82,000dwt bulk carriers between Bohai OceanShipping, a subsidiary of HebeiTransportation Investment Group, Haixing Shipping Company, Everbright Financial Leasingand Hengli Heavy Industrywas he

Taiwanese ocean carrier Evergreen has lost the sixth spot in the global liner rankings by Singapore-headquartered Ocean Network Express (ONE), according to the latest data (23 August) by Alphaliner. This is not expected to be a permanent ch

Forecasts from the National Supply Company (Conab) reflect that more than a third of the grain expected to be produced in Brazil this year may not be stored properly. Club correspondent Brazil PI report that this storage deficit leaves the

[Photo: Xinhua/Fang Zhe] SHANGHAI, Aug. 23 (Xinhua) -- Shanghai saw a surge in the number of cargo ships and aircraft traveling between it and other BRICS countries in the first seven months of this year, as foreign trade between China and

The International Chamber of Shipping has expressed condolences on the passing of Maria Susan Toots Ople, Secretary of Migrant Workers for the Department of Migrant Workers, Philippines, who passed away aged 61. Guy Platten, Secretary Gener

Xeneta real-time container freight rates update week 34 Xeneta believes long-term ocean freight rates may have started bottoming out after around a year of persistent, often dramatic monthly falls. The Oslo-based benchmarking and market ana

Copenhagen/London, 23 August 2023 , maritime software provider Sea and Mrsk Mc-Kinney Mller Center for Zero Carbon Shipping (the Center) formalized their collaboration by signing a Knowledge Partnership Agreement. With the agreement, Sea an

Installation of Rotor Sails on TR Lady, an 82,000 dwt Kamsarmax bulk carrier, was completed in Chengxi Shipyard, China, in June 2023. TR Lady is owned by TR Lady Shipping Ltd, a portfolio company of Tufton Investment Management Ltd (Tufton)

On August 21, Antong Holdings released the results for the first half of 2023. During the reporting period, Antong Holdings realized operating income of approximately 3.595 billion yuan, which was adjusted to 4.374 billion yuan in the same

[Photo: Maersk] SINGAPORE/COPENHAGEN, Aug 21 (Reuters) - Container shippers are ordering vessels powered by methanol to reduce greenhouse gas emissions, but it will take years for renewable methanol output to meet demand and for costs to fa

Evergreen Marine Corporations terminal operating subsidiary Everport Services has invested US$76 million in the port of Oakland. No further information was released, with Evergreen citing confidentiality. The disclosure of the investment co

Davits supplied by Vestdavit are set to play an important role in efficient launch and recovery of fast craft to support refuelling operations at sea for the US naval fleet after the company was awarded a major contract for six vessels bein

On August 21, 2023, Wah KwongMaritime Transport Holding, CSSC (Hong Kong) Shipping Company and China Gas Holdings established a joint venture company SEA JADE INVESTMENT LIMITED. On the same day, the joint venture signed a contract with Dal

Hamburg, 21 August 2023:As wholesale inventories dwindle in the U.S., the ongoing restrictions at the Panama Canal could have implications for Christmas stocks and supply chains. With the imminent Christmas shopping season, the delay in inv