Oil Ends Week With Modest Gains As Israel Strikes Lebanon
by Ship Bunker
Friday, April 26, 2024
But analysts remain largely unimpressed by the commodity's performance.
Four Ships Trapped by Key Bridge Collapse Depart Baltimore
by Reuters
Friday, April 26, 2024
By Lisa Baertlein LOS ANGELES, April 26 (Reuters) – Four cargo ships, stuck for about a month at the Port of Baltimore by the ruins of the collapsed Francis Scott Key bridge, have exited...
Tankers: Arabian Gulf Crude Oil Exports Retreated in the First Quarter of 2024, Despite Global Positive Momentum
by hellenicshippingnews...
Friday, April 26, 2024
The global seaborne crude oil market grew during the first quarter of 2024, but this wasn’t the case with the Arabian Gulf. In its latest weekly report, shipbroker Banchero Costa said that “2023 has been another positive period for crude oil trade, despite the high oil prices and risks of economic recession. In Jan-Dec 2023, ...
End of the oil supercycle?
by hellenicshippingnews...
Friday, April 26, 2024
The International Energy Agency’s (IEA) latest Oil Market Report paints a surprising picture for the future of oil. While global oil demand is expected to notch up some growth in 2024 and 2025, the pace of that increase is slowing dramatically, hinting at a potential peak in consumption sometime this decade. This marks a significant ...
Secure Intermodal Data Practices through the SPEAR Approach
by hellenicshippingnews...
Friday, April 26, 2024
Like so many industries, the intermodal transportation sector runs on data. Clear, accurate and up-to-date information informs the strategies and business decisions of terminal operators and port authorities. The digital age gives us different methods to gather and track this data, including direct data feeds and data scraping. Data scraping involves extracting information from websites ...
Argentina’s Rosario Grain Port Slips in Global Rankings Due to Drought
by Reuters
Friday, April 26, 2024
April 26 (Reuters) – Argentina’s massive Rosario farming port lost its spot as the world’s No. 2 grains export hub in 2023, a report from a local exchange showed on Friday, underscoring...
UKMTO: Ship Damaged in Missile Attack in Red Sea
by Reuters
Friday, April 26, 2024
CAIRO, April 26 (Reuters) – Three missiles were sighted approximately 15 nautical miles southwest of Yemen’s Mokha, British security firm Ambrey said on Friday, and the United Kingdom Maritime Trade Operations (UKMTO) said that...
Ship Damaged After Two Attacks in Red Sea
by Ship Bunker
Friday, April 26, 2024
The ship first came under attack 14 nautical miles south-west of Al Mukha at about 3 PM UTC on Friday.
Red Sea Reroutings Drive Up Liners’ CO2 Emissions
by The Loadstar
Friday, April 26, 2024
By Charlie Bartlett (The Loadstar) – The Saudi Arabian hub port of Jeddah is reporting a two-thirds drop in calls from the top ten carriers, as re-routing vessels on Asia-European routes...
Lack of Safety Checks Leads to Dredger Capsize on Mississippi River, NTSB Reports
by Mike Schuler
Friday, April 26, 2024
The National Transportation Safety Board (NTSB) said on Thursday that the capsizing of a dredging vessel on the Mississippi River last year was due to the company’s failure to mandate...