Commercial cargo shipments on Russia’s Azovo-Don inland waterways have slumped in 2022 to the lowest level on record amid Western sanctions and traffic suspensions on vessels in the Azov sea, Russian Federal Agency for Sea and Inland Water Transport (Rosmorrechflot) said.The Azovo-Don waterways are used during the summer period as an alternative to railways for the export of cargoes
Dozens of merchant ships with grains and sugar are stuck outside Iranian ports after weeks of delays as payments snags disrupt flows of goods into the country, according to trade sources and shipping data. Food is exempt from the West's sanctions on Iran over its nuclear program, but the impact of the sanctions on Iran's financial system has created complex and erratic payment arrangements with
The Swiss-based operator of Russia-led Nord Stream 1 gas pipeline said on Wednesday it had completed initial data gathering at the location of the pipeline damage on line 1 in the Swedish exclusive economic zone and found "technogenic craters". "According to preliminary results of the damage site inspection
Dozens of ships carrying liquefied natural gas (LNG) are circling off the coasts of Spain and other European countries unable to secure slots to unload because plants that convert the seaborne fuel back to gas are full.Europe is facing an energy supply squeeze as Russia has progressively cut gas flows after the West imposed sanctions in response to the Ukraine war.
Largest known plant on earth discovered at Shark Bay, and it's 4,500 years old.Researchers from The University of Western Australia and Flinders University have located what is believed to be the largest plant in the world – an ancient and incredibly resilient seagrass stretching across 180km that is estimated to be at least 4,500 years old.
German container shipping group Hapag-Lloyd on Thursday reported first-quarter net profit of 4.2 billion euros ($4.4 billion), more than triple the number a year ago and, forecast another strong performance for the second quarter."The year has got off to an exceptionally strong start on the whole, and whilst there have been first signs that the market has passed its peak
P&O Ferries on Tuesday rejected the British government's request to rehire 800 workers it fired without notice two weeks ago, saying that doing so would cause the company to collapse.P&O Ferries, an 180-year old company now owned by Dubai-based logistics group DP World, prompted an outcry from British government ministers
Russia's biggest oil exporter Rosneft has expanded its tanker chartering business to ease oil shipments for buyers amid looming Western sanctions on insurance of Russian oil shipments, three sources familiar with the matter said.Previously, state-controlled Rosneft, which produces more than 40% of Russian oil, would sell its oil at the port of loading
Staff shortages caused by an ongoing strike over wages are impacting container and car terminals at South Africa's Durban port, one of the busiest on the continent, a unit of state-owned logistics company Transnet said on Tuesday.Transnet, which manages South Africa's freight rail network and ports, declared force majeure last week after its workers went on strike over a wage dispute.
The number of tankers used for storing fuel oil along the Singapore Strait has risen since the Ukraine war broke out and could rise further as more of Russia's supplies hit by sanctions head to Asia, industry sources and analysts said.A rise in floating storage supply along the strategic waterway is an indicator that more supplies are available to Asia, which will help ease tight markets.
The number of tankers used for storing fuel oil along the Singapore Strait has risen since the Ukraine war broke out and could rise further as more of Russia's supplies hit by sanctions head to Asia, industry sources and analysts said.A rise in floating storage supply along the strategic waterway is an indicator that more supplies are available to Asia, which will help ease tight markets.
America’s marine economy contributed about $361 billion of the nation’s gross domestic product in 2020. That is according to the most current results of the annual Marine Economy Satellite Account released today by two Department of Commerce agencies, NOAA and the Bureau of Economic Analysis (BEA).These numbers are from the first year of the coronavirus pandemic and represent a 5.