IEA report, oil demand down in 2024
According to the International Energy Agency’s (IEA) latest report global oil demand growth will drop to 900,000 barrels a day in 2024, mainly due to the deteriorating economic climate. For...
661 containers lost at sea in 2022
that every container lost at sea would always be one too many and the importance of continuing to try to make the sea a safer workplace and protect the environment...
Russia’s wheat exports booming
thanks mainly to a bumper harvest and strong demand for affordable wheat. Russian wheat in fact turns out to be the cheapest, costing $399 per tonne. The most expensive, at...
Bleak July for Los Angeles & Long Beach
were Port of Los Angeles Executive Director Gene Seroka and Port of Long Beach Executive Director Mario Cordero. They said that the slowdown in trade was mainly attributable to the...
Greek shipowners top new orderers
top orderer, followed by Japanese shipowners, who commissioned 144 newbuildings in 2023. Singapore and China are in third and fourth place with 110 and 92 orders respectively, The largest number...
AD Ports goes shopping in Dubai
company to acquire control of one of the largest shipping companies specialized in feeder services. To date, the company has a fleet of 26 vessels and can offer a 72,500...
Darsena Europa, a step closer
Livorno authorized the completion of the negotiated procedure without prior publication of a call for tenders for commissioning the construction of testing areas for verifying the consolidation of the first...
Multipurpose freight rates up in June
additional 0.4% growth to $9.201/day forecasted for July. If the forecasts for July turn out to be true, the index would be 5.9% higher than the same month last year....