Port Congestion on California and East Coast Increases
California congestion nears new high, East Coast gridlock worsens
port congestion on both coasts is likely to cap second-half US import capacity
It’s only mid-August — the early days of peak shipping season —...
Yang Ming Splashes Out US$100m On Containers But No Large Ships
Yang Ming has followed its liner peers in ordering more containers to tide over the equipment shortage, reports The LoadStar.
Yang Ming's orders
It has ordered 5,400 reefers, costing $35m-$40m, from Guangdong Fuwa Equipment Manufacturing and...
Shipping Disruptions Threaten Christmas Shopping Season
Port delays and higher container costs could continue into next year pushing up consumer prices, reports ChinaDaily.
Impact on supply chain
According to industry leaders disruption to the shipping industry caused by port delays and higher...
‘China’s Fauci’ Faces Plagiarism Allegations Over COVID-19 Remarks
Delta variant has breached China's defences, with record local infections in dozens of cites -- albeit still in low numbers.
Zhang Wenhong, China's Fauci, after the top US infectious disease expert Anthony Fauci,...
U.S. Extends Mask Mandate To Curb COVID-19 Spread
Travelers will wear masks on airplanes, trains and buses, and at airports and train stations through Jan. 18 to address ongoing COVID-19 risks.
The purpose of TSA’s mask directive is to minimize the...
Woodside Acquires BHP Petroleum Business in Non-premium Merger
Woodside Petroleum is set to acquire compatriot BHP's oil and gas business after negotiations between the two companies led to a merger agreement that is backed by both of their boards.
After the...
ESVAGT Strikes Contract With TotalEnergies
ESVAGT and TotalEnergies have closed several contracts as part of the marine spread for the Danish part of the North Sea, says a press release published on their website.
Rethinking of structure
The agreements involve the...
Mediterranean Rail Freight Corridor Re-opens
Rail operator Infrabel reported that the North Sea – Mediterranean rail freight corridor re-opened for trains on August 16 after being closed for several weeks due to damage that occurred on its Belgian section...
LNG Shipping Stocks: Growth After Five Weeks
The UP World LNG Shipping Index, the world’s only stock index focused on LNG companies, rose 1.88% last week. US stocks represented by the S&P 500 Index (SPX) added 0.71%, reports UP-Indices.
Uptick of UP...
Asia Residual Fuels: Key Market Indicators For Aug. 16-20
Asian benchmark low sulfur marine fuel cargo market was likely to be rangebound in the near term on ample availability amid expectations that valuations for downstream low sulfur marine fuel bunker would be capped...