ILA: Threat of Strike at US East and Gulf Coast Ports “Growing More Likely”
With the threat of a strike looming over U.S. East Coast and Gulf Coast ports, the International Longshoremen’s Association is…
Hyundai Receives $2.7B Order for Containerships Linked to CMA CGM
South Korean shipbuilding group HD Korea Shipbuilding & Offshore Engineering received a large order for new containerships which the company…
Kuwait Announces "Giant" New Oilfield Discovery in Persian Gulf
On Sunday, Kuwait’s national oil company announced the discovery of a “giant” oil find, large enough that its reserves equal…
German Port Workers to Vote on Contract Proposals After Multiple Strikes
Germany’s Ver.di union has decided to present two possible alternatives for a new dockworkers’ contact to the membership for comments…
Heatwave drives up Vietnamese panamax demand on coal import surge, says Braemar
Broker states half of all coal cargoes in the first half of 2024 were carried by the vessel-type
Baltic index declines as capesize rates fall
The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, edged lower on Monday…
Iron ore extends gains on China stimulus hopes
Iron ore futures prices rose on Monday, underpinned by growing bets top consumer China will unveil more stimulus in its…