Singapore-based Asia Break Bulk (ABB), part of Hamburg-based COLI Group, has signed long-term agreements with Schoeller Holdings for four new multipurpose heavy-lift vessels, with the first scheduled for delivery in October 2028.The four 12,600-DWT Octopus-type vessels, designed by CSSC-SDARI, will each feature two 250-tonne cranes capable of tandem lifts of up to 500 tonnes, expanding ABB's project cargo transportation capabilities…
Asian buyers have been snapping up Atlantic Basin crude at lower prices after tanker freight rates on cargoes from Africa and Brazil slumped from all-time highs, traders, shipbrokers and analysts said.Unipec, the trading arm of the world's top refiner Sinopec…
October 2026 container imports reached an all-time high of 2.67 million TEUs, according to Descartes, as China-origin cargo rebounded, East and Gulf Coast ports gained ground, and global shipping faced continued uncertainty over trade policy…
A tanker carrying the first cargo of Russian diesel for the United States has come to a halt off the US east coast, shipping data showed on Tuesday, with its operator saying its destination had not yet been decided.President Donald Trump last…
Atlas Copco Gas and Process has reached two milestones this autumn by expanding its production operations in South Korea and North America. Atlas Copco Gas and Process Korea in Busan, South Korea has opened a new facility that will provide greater…
No Iran-affiliated tanker still transmitting AIS in the Middle East Gulf has shown a draft change indicative of loading since September 17. Before then, MIOC detected only seven AIS-transmitting tankers loading almost 6 million barrels between July 27 and September 17…
Greece's Piraeus Port Authority on Tuesday reported lower revenue and profit for the first nine months of 2026, citing a reduction in container and cruise activity, though it said container handling showed signs of recovery in the third quarter…
Fratelli Cosulich Group has expanded its Marine Energy network with the opening of a new office in Tokyo, Japan, further strengthening its presence in Asia and extending its international bunker trading activities.Following the recent expansion into South Korea…
India's top gas importer Petronet LNG is in talks with Qatar to secure delivery of some of the at least 90 liquefied natural gas cargoes delayed chiefly by the Middle East crisis, said the company's CEO A.K. Singh.Qatar, India's largest LNG supplier…
Datamar, a provider of data intelligence for maritime trade in South America, launched Commodity Explorer, a search tool on the home page of datamar.com. It lets exporters, importers, traders, shipping lines, port terminals and analysts see a commodity's maritime trade flows in Brazil…
Alternative-fuel vessel orders are outpacing the development of the port infrastructure needed to support them, according to a new global study by Lloyd’s Register (LR), highlighting a growing gap between ship capability and fuel availability…
Qatar Gas Transport Company (Nakilat) has named nine new gas carriers at three South Korean shipyards, marking progress in its fleet expansion programs aimed at increasing LNG transportation capacity and diversifying into LPG/ammonia shipping…
Freight rates for oil shipments from Russia's western ports to India remained at record highs in late October, reflecting risks in the Black Sea and a shortage of vessels amid disruptions and strong global demand, three trading and shipping sources said…
Global commodity prices are set to surge 23% in 2026, the World Bank said on Wednesday, citing rising energy prices and disruptions to cargo shipping during the Middle East war, grain shipment problems in the Black Sea and high demand for safe-haven assets such as gold…
Russia, the world's largest wheat exporter, has turned to an Arctic World War II shipping route to export grain for the first time as the conflict in Ukraine stalls Black Sea trade and officials warn of risks in the NATO-controlled Baltic Sea…
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