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Trade

Oakland Port Sees Record Imports in July

Pic: Port of Oakland

The Port of Oakland, a container ship facility located in Oakland, California, in the San Francisco Bay, said that July was the busiest in the Port’s 92-year history for containerized import cargo.  According to the Port, it handled the equivalent of 90,598 20-foot import containers in July.

U.S. LPG Exports Grow by 22%: Dorian LPG

Pic courtesy: Dorian LPG Ltd.

U.S. liquefied petroleum gas (LPG) exports have grown year-over-year by 22% to 22.5 million tons year-to-date (YTD) and Middle East exports have grown on the same basis 3.5% to 22.6 million tons, said Dorian LPG.For the first time, U.S. and Middle East volumes were equal, said the owner and operator of modern very large gas carriers (VLGCs).

Great Lakes Iron Ore Trade Down 5.7% in June

GRT Lakes John G Munson CREDIT Great Lakes Fleet

Shipments of iron ore on the Great Lakes totaled 5.7 million tons in June, a decrease of 5.7 percent from 2018.  Shipments were, however, nearly even with the month’s 5-year average, said a release from Lake Carriers’ Association.Year-to-date the iron ore trade stands at 20.19 million tons,

Dan-Bunkering Announces New Appointment

Photos: Dan-Bunkering (America) Inc.

Stamford, CT-based Dan-Bunkering (America)  announced the relocation of two Bunker Traders, the employment of a Senior Purchaser, and a new office address.Kasper Christiansen, Danish national, has relocated to Dan-Bunkering in Stamford as of 1 May 2019. Prior to the relocation, Kasper was working

MSC to Boost Costa Rican's Export

Image: MSC Mediterranean Shipping Company

Swiss-based shipping line MSC Mediterranean Shipping Company is improving trade links between Costa Rica and northern Europe by adding a new direct call from the Port of Moin.The container shipping that operates in all major ports of the world said in a press release that MSC Katya R. has become the

Chinese Buyers Leave US LNG

Graph: Rystad Energy

Chinese buyers have avoided US LNG projects even before the tariffs hiked to 25%, said a report by  Rystad Energy.Despite the Chinese tariffs, there is still appetite for US LNG from other countries. Since the first tariff of 10% was introduced on US LNG in September 2019, the US has signed about

Nor Shipping Gets Sustainability ISO Certification

Photo: DNV GL

Nor-Shipping, a maritime trade fair that has been held in Norway, has been certified as first in maritime industry to ISO’s sustainable event standard (ISO 20121).At the official opening of Nor-Shipping 2019 in the City Hall of Oslo, Group President and CEO of DNV GL Remi Eriksen presented the

Rotterdam Port Report Record Month

Image: Port of Rotterdam

With 13.6 million tonnes of container freight handled, April of this year was the best month ever for the Port of Rotterdam. The previous record month was August 2018 (13.2 million tonnes)Measured in TEU, the standard unit for containers, April 2019 was the second-best month ever, with 1.3 million TEU,

Global LNG Trade Continues to Increase

Pic: Höegh LNG

Höegh LNG Partners, a provider of floating liquid natural gas (LNG) services under long-term contracts, said that with new LNG production facilities in the US and around the world coming on stream, global LNG trade continues to increase.This, together with competitive LNG pricing and environmental arguments,

APM Terminals Boosts Nigerian Agri-Export

Image: APM Terminals

The West Africa Container Terminal (WACT) has invested in a new container freight station (CFS) at the Port of Onne, Nigeria.The 1,520m2 facility - the first of its kind in East Nigeria - provides Nigerian farmers with an opportunity to grow their business by exporting goods such as cashew nuts and sesame seeds.

Seaborne Box Trade to Remain Flat: MPC

Image: MPC Container Ships ASA

Growth in global seaborne box trade is expected to remain largely constant in 2019, with Non-Mainlane trade being an important driver while Mainlane trades expected to expand only moderately, said Norway-based MPC Container Ships ASA.In particular, the pace of global manufacturing remains a cause for

Trade War Puts LNG Projects at Risk

Graph: Rystad Energy

The escalation of the trade war between the US and China could jeopardize several LNG mega projects that are awaiting final approval, said Rystad Energy.China announced on Monday that it will raise the duty on imports of US liquefied natural gas (LNG) to 25% from the previous level of 10% in retaliation

Global LNG Imports Up in Q1 by 11%

Pic: GasLog Ltd

Despite the liquefied natural gas (LNG) demand in the first quarter of 2019 being negatively impacted by warmer than usual weather in the Northern Hemisphere winter, global LNG imports during the period totalled 88 million tonnes (mt), compared to 79 mt in the first quarter of 2018, or an increase of 11%, GasLog said quoting Poten.

DOE Approves Port Arthur LNG Project

Image: Sempra Energy

The U.S. Department of Energy (DOE) announced the signing of a long-term order authorizing the export of domestically produced liquefied natural gas (LNG) from Sempra Energy’s Port Arthur LNG export project to be built in Port Arthur, Texas.  The U.S. Secretary of Energy Rick Perry signed

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