The UN-brokered Black Sea safe passage deal, signed July 22 by Russia, Ukraine and Turkey, enabled the resumption of exports of grains and fertilizers from the three key Ukrainian ports — Chornomorsk, Odesa and Yuzhny/Pivdennyi — on the Black Sea coast. According to the safe passage agreement, the...
Oil product stockpiles at the UAE’s Port of Fujairah fell across all categories in the week ended Nov. 14 after hitting a two-year high a week earlier, Fujairah Oil Industry Zone data showed Nov. 16. The total inventory fell 5.2% week on week to a two-week low of 23.858 million barrels Nov. 14, the...
October container volumes at the Port of Los Angeles dropped by 25% on the year amid slowing import demand and ongoing cargo shifts towards the US Atlantic and Gulf coasts as shippers look to alternative gateways for ex-Asian cargos, the Port said Nov. 15. Total volumes came to 678,429 TEU, down...
NEW YORK — With the merger of Canadian Pacific and Kansas City Southern awaiting final U.S. government approval in 2023, the CEOs of both companies presented their case about the benefits of the deal Tuesday to an audience of rail executives.
The presentations at Progressive Railroading’s RailTrends conference by Keith Creel, CEO of Canadian Pacific (NYSE: CP), and Patrick Ottensmeyer, CEO of KCS, both highlighted on a screen the map that drove the $31 billion merger that was completed about a...
https://www.freightwaves.com/news/cp-ceo-kcs-merger-opens-up-lazaro-port-as-pacific-alternative
The U.S. Navy’s 5th Fleet intercepted a fishing vessel attempting to smuggle a “massive amount” of explosive material from Iran to Yemen. U.S. Coast Guard’s USCGC John Scheuerman (WPC 1146)…
The Port of Los Angeles reported yet another month of falling volumes on Tuesday, as the import pendulum continues to swing away from the West Coast and toward container shipping gateways on the East and Gulf coasts.
Los Angeles’ total throughput for October came in at 678,429 twenty-foot equivalent units, down 25% versus October 2021.
Imports totaled 336,307 TEUs, down 28% year on year.
It was the lowest October import tally since 2009 amid the global financial crisis and the lowest monthly...
https://www.freightwaves.com/news/los-angeles-imports-keep-sinking-as-east-coast-gains-more-ground
A wave of low-carbon projects is building in the Middle East as the region’s energy and chemical companies push to achieve their government-prescribed net-zero goals by 2050. Many of the Middle East’s multibillion-dollar, low-carbon developments — including blue- and green hydrogen and ammonia...
Towage operator Svitzer, an A.P. Moller-Maersk subsidiary, has announced an indefinite lockout of Australian harbor tug crews over an industrial labor dispute with maritime unions, likely to result in major…
https://gcaptain.com/svitzer-planning-lockout-of-australian-harbor-tug-crews-in-dispute-with-unions/
(Bloomberg) — The Canadian government’s ability to track foreign vessels through the Arctic is woefully inadequate and the situation may get worse, according to a new report by the Auditor General…
https://gcaptain.com/canada-lacks-ability-to-track-increasing-arctic-ship-traffic-auditor/
By Noah Browning LONDON, Nov 15 (Reuters) – Russian oil output is set to fall 1.4 million barrels per day(bpd) next year after a European Union ban on seaborne exports of Russian…