Flooding Disrupts Traffic on the Upper Rhine
Extreme high water levels have shut down navigation on the Rhine in Bavaria and Baden-Wurttemburg, affecting traffic on the Upper…
On Eve of D-Day’s 80th Anniversary, Royal Navy Thanks WWII Veterans
D-Day veterans received a standing ovation – led by Their Majesties the King and Queen – as Portsmouth hosted the…
Boxship’s Engine Controls Get Stuck on Full Ahead, Forcing Bridge Closure
On Wednesday, an MSC boxship lost control of its main engine and accelerated to 17 knots on the Cooper River…
Tankerska Makes Leap Forward with Metis & Kongsberg Digital Collaboration
A collaboration between Metis, Kongsberg Digital, and Tankerska plovidba has significantly advanced the Croatian owner’s strategy of using real-time analytics…
Fed to cut rates twice this year, starting Sept; but one or none still a risk
The U.S. Federal Reserve will cut its key interest rate in September and once more this year, according to a…
Fitch Lowers 2024 China New Home Sales Forecasts
Fitch Ratings expects China’s new home sales value to decline by 15%-20% to CNY8.3 trillion-8.8 trillion in 2024, reflecting a…
Rebound in US service sector may overstate the story
The May US ISM services index rose quite a bit more than expected to a nine month high of 53.8…
Russia’s Sibur to rise Ust-Luga LPG exports by 25% in June as it secures more vessels
Sibur Holding, Russia’s top liquefied petroleum gas producer and exporter, will boost LPG loadings from the Baltic port of Ust-Luga…
Netherlands remains top destination for US LNG in May despite lower European market share
The Netherlands remained the top destination for US LNG delivered in May, even as weakening European demand saw the region’s…
Importers try to push cargo to contract rates as trans-Pac spot market surges
Amid soaring spot rates, importers are booking as much cargo as possible under the allotments in their freshly signed annual…