Ecuador’s Petroecuador declares force majeure over Napo crude exports, sources say
Ecuador’s state oil company, Petroecuador, has declared force majeure over deliveries of Napo heavy crude for exports following the shutdown…
Russia exported 4-6 bcm of LNG via EU ports to third countries in 2023 — EC
Russia exported 4-6 billion cubic meters (bcm) of liquefied natural gas (LNG) through EU ports to non-EU countries in 2023,…
South Korea feed makers buy corn; Taiwan buys US wheat
CORN PURCHASE: South Korea’s Major Feedmill Group (MFG) purchased an estimated 132,000 metric tons of animal feed corn in a…
India imported 8.3 MT steel in FY24, becomes net importer of the metal
From being an exporter of steel, India became a net importer of the metal in FY24, with an overall trade…
India’s LNG surge supports Asia’s imports in June
Asia’s imports of liquefied natural gas (LNG) are expected to dip slightly in June from May, with strength in India…
China’s LNG imports set to slow
China appears to have taken advantage of low prices in the spot market so far in 2024 to boost the…
Early peak shipping season shows no sign of slowing: Yang Ming CFO
The carrier executive said the disruption to shipping schedules caused by vessel diversions around southern Africa has created a “chaotic…
Carriers cutting back on vessel space allotments for NVOs, retailers: sources
The capacity cuts come as ocean bookings in the eastbound trans-Pacific are climbing sharply because US-based importers who had planned…
New survey findings shed light on the impact of decarbonisation on seafarers’ wellbeing
A survey carried out by the International Seafarers’ Welfare and Assistance Network (ISWAN) and sponsored by The Shipowners’ Club indicates…
MLC 65% effective says SRI
New research from SRI, the international pan-industry body researching maritime and seafarers’ law, concludes that the Maritime Labour Convention is…