The number of U.S. liquefied natural gas (LNG) vessels transiting the Panama Canal to Asia halved in November compared with a year ago as Asia prices for the gas this week traded at their steepest premium to European prices in nearly two years.A severe drought has cut vessel traffic through the canal
The White House said on Monday that an attack on three vessels in the Red Sea over the weekend constituted threads to international peace and stability.In a briefing with reporters, national security adviser Jake Sullivan said Washington has "every reason to believe that these attacks, while they were launched by the Houthis in Yemen, are fully enabled by Iran.
The Philippines on Monday accused Chinese coastguard vessels of "intentionally" colliding with its vessels on a resupply mission in a disputed part of the South China Sea, as ties deteriorated between the Southeast Asian U.S. ally and Beijing.Both sides traded accusations after the latest incident on Sunday, which was the most serious yet in the waters around the disputed Second Thomas shoal
The water level at a major river port in Brazil's Amazon rainforest hit its lowest point in at least 121 years on Monday, as a historic drought upends the lives of hundreds of thousands of people and damages the jungle ecosystem.Rapidly drying tributaries to the mighty Amazon river have left boats stranded, cutting off food and water supplies to remote jungle villages
An arbitration tribunal has delivered a verdict in a drillship order cancellation case involving offshore drilling contractor Northern Drilling and Daweoo Shipbuilding Marine and Engineering (now known as Hanwha Ocean), ruling in favor of Hanwha.Billionaire John Fredriksen-owned offshore drilling company Northern Drilling canceled the West Aquila and West Libra drillship orders with South
Cargo volume at the Port of Los Angeles jumped from July to August after business lost during the now-finished West Coast labor talks began returning, the top executive at the nation's busiest ocean trade gateway said on Thursday.That data comes as seaports on the U.S. West Coast are battling to regain market share lost to rivals on the East Coast and the Gulf of Mexico during the 13-month union
U.S. West Coast ports, which reached a labor deal with their workers this summer, gained market share in August from the previous month, while their main rivals on the East Coast lost ground, Descartes Systems Group DSG.TO said on Monday.For more than a year, as worker labor talks dragged on, West Coast ports lost market share.
The Longshore union and employers of 22,000 dockworkers at U.S. West Coast ports on Wednesday said they have reached a tentative deal on a new six-year contract, ending 13 months of talks and easing supply chain worries.The deal was reached with assistance from Acting U.S. Labor Secretary Julie Su
West Coast port employers and the union representing 22,000 workers have "overcome some sticking points" in tense labor talks that have entered their 13th month, White House press secretary Karine Jean-Pierre told reporters on Tuesday.Acting U.S. Labor Secretary Julie Su is in San Francisco, where negotiations have been taking place
Some U.S. importers who shifted cargo away from West Coast ports to rival gateways over fears that labor contract talks could disrupt shipments have begun bringing some of that volume back, even as those negotiations stretch into their 13th month, company supply chain executives said.
The International Longshore and Warehouse Union (ILWU) said on Thursday it had reached a tentative agreement with an association representing the U.S. West Coast employers of port laborers on some key issues.Negotiations over a new deal have dragged on for roughly a year since the contract between the Pacific Maritime Association (PMA) and the union expired on July 1, 2022.
Russia warned the West on Friday that unless obstacles to its exports of grain and fertilisers were removed, then Ukraine would have to export grain over land and Moscow would work outside the UN-brokered landmark grain export deal.The Black Sea grain deal is an attempt by the United Nations to ease a food crisis that predated the Russian invasion of Ukraine