ONE banks $1 billion FY profit on Red Sea-linked boost in ocean rates
Ocean carrier reporting season is off and running and, as expected, the diversion of ships around southern Africa to avoid…
Indonesia palm oil exports slide by a quarter in February as rival oils become cheaper
Indonesia, the world’s biggest palm oil producer, saw February palm oil exports tumble by a quarter as buyers switched to…
Clean fuels from outside EU face exclusion from green database: industry groups
Biomethane and biomethanol-based fuels suitable for shipping and produced outside Europe may not receive automatic certification within the European Commission’s…
South Korea’s MFG buys 134,000 T corn in tender, traders say
South Korea’s Major Feedmill Group (MFG) purchased an estimated 134,000 metric tons of animal feed corn in an international tender…
Asia-Europe spot rates move higher as Red Sea crisis impacts weekly voyages
The spread between spot and contract ocean freight rates has widened amid fewer voyages from Asia to Europe due to…
Morocco to pursue wheat imports till year-end after poor harvest
Morocco will provide subsidies for wheat imports between May 1 and Dec. 31, state grains agency ONICL said, indicating the…
Breakbulk24: Uncertainty driving a holistic approach to project logistics: shippers
Project cargo shippers are pivoting and rethinking their supply chain strategies as global turmoil becomes the norm in a post-pandemic…
Ukraine’s April grain exports rise to 6.3 mln tons, ministry says
Ukraine’s grain exports rose to 6.3 million metric tons in April from 5.5 million in March, agriculture ministry data showed…
Soaring trans-Pacific spot rates add twist to last-minute service contract talks
The jump in spot rates comes as factories in China saw an increase in purchase orders in April while strong…
India unlikely to impose export curbs on low-grade iron ore, source says
India is unlikely to impose tariffs on exports of low-grade iron ore for now despite rising overseas sales to China,…