China’s northeast port operator, Liaoning Port Group, has inked strategic cooperation Memorandum of Understanding (MoU) with the Brazilian mining company Vale to strengthen collaboration.
Tanker and sale and purchase broker Galbraiths and dry bulk specialist IFCHOR are set to merge with a share for share agreement that is expected to close within the next few weeks.
Japanese shipowner NYK has ordered two LNG-fuelled coal carriers from Oshima Shipbuilding.
Russia has suspended its involvement in the Black Sea Grain Initiative, the international agreement which has brought almost 10m tonnes of grain to the world market.
There has been an increase in the number of incidents of theft, robbery and piracy against ships in the Philip Channel in the west of the Singapore Strait this year.
Once again, earnings season is approaching and crude, product and LNG tankers are doing very well.
UNCTAD said there is little hope for ensuring food security for developing and least developed countries if the Black Sea Grain Initiative is not renewed next month.
In the two months since the EU banned coal imports from Russia, export volumes have fallen 7% on-year, according to Bimco.
Deepsea cargo vessels ‘at port’ so far this month represent 30.6% of capacity, according to port congestion indices compiled by Clarkson Research.
Container volume at eight major Chinese ports increased 4.4% year-on-year for late September.