Oslo-based analyst, Rystad Energy, has warned that energy turmoil, caused largely by Russia’s invasion of Ukraine and sanctions that followed, may cause ‘vast demand destruction across industries and consumers’ in Europe.
Emirates Global Aluminium (EGA) and K Line have inked an agreement to cooperate on research and pilot projects to decarbonise bulk cargo shipping.
Dutch shipbuilder Damen has received four ship orders from German shipowners for Damen’s combi bulk fuel-efficient freighters.
Panama’s Cabinet Council has approved the Panama Canal new toll structure which will become effective, January 2023.
The port of Antwerp-Bruges reported a 1.3% increase in overall cargo volumes in the first six months of 2022, but with a drop in container throughput.
The Marine Accident Investigation Branch (MAIB) released its report into a fatal incident aboard general cargo vessel Teal Bay in 2021.
A weaker Chinese economy in the first half of 2022 brought a 3.2% drop in iron ore imports and 8.7% drop in steel production as of May.
Korean shipping company HMM has set out plans to invest more than KRW15trn ($11.47bn) through to 2026 with two-thirds earmarked for ships, terminals and logistics facilities.