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…
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…
Seatrium announced that it has entered into a Memorandum of Understanding (MoU) with global floating power solutions specialist Karpowership to pursue a joint venture to develop floating power and infrastructure solutions in Singapore, with…
Russia's seaborne grain exports dropped by 61.9% year on year in September to almost 2.0 million metric tons due to a sharp decline in shipments via the ports of the Azov-Black Sea basin, according to shipping data from industry sources.Total seaborne exports have amounted to 6…
Asia's imports of liquefied natural gas are likely to rise to a three-month high in October despite the surge in spot prices to the most in almost four years.October arrivals in the top-importing region are estimated at 23.31 million metric tons…
German defense contractor Rheinmetall and Swiss shipping company MSC have won an auction to acquire Romania's Mangalia shipyard for approximately $155 million (€138 million), with plans to develop the facility for both commercial and military shipbuilding…
The cost of shipping oil on the largest tankers fell this week from record highs as demand eased following a wave of attacks on vessels in the Middle East and as the US considered easing sanctions on the so-called shadow fleet.Freight rates for supertankers…
DP World has deployed 55 electric yard tractors (E-YTs) at its Busan terminal in South Korea, marking a step up in its efforts to reduce emissions from terminal operations.The new E-YTs replace Liquefied Natural Gas (LNG)-powered vehicles and…
DP World announced the appointment of Jason Varsamidis as Chief Executive Officer and Managing Director of its Asia Pacific region, effective immediately.Jason will lead DP World Asia Pacific’s portfolio of ports and terminals and logistics businesses across 22 geographies…
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