Asian spot liquefied natural gas (LNG) prices were down this week despite news of potential COVID lockdown easing in China as players await an actual rebound in procurement activity to meet Autum-Winter seasonal demand....
Asian spot liquefied natural gas (LNG) prices were down this week despite news of potential COVID lockdown easing in China as players await an actual rebound in procurement activity to meet Autum-Winter seasonal demand....
Panama announced that it has entered into a new agreement with an investment group that is partnering with an affiliate of Mediterranean Shipping Company (MSC) to complete and operate the long-delayed Panama Canal Container Port. The project had started eight years ago by a Chinese company but after the 2019 elections ...
The world’s leading shippers all stopped deliveries to and from Russia after its invasion of Ukraine — with one crucial exception. That, according to the London-based data analytics company GlobalData, was the industry’s fourth-biggest player, China COSCO Shipping Corporation Ltd....
Another quarter, another earnings record for Germany’s Hapag-Lloyd, the world’s fifth-largest container line operator. But the focus now is less about what happened a few months ago and more about what’s happening now with China lockdowns and consumer demand, and what’s around the corner for supply chains and ...
COVID-driven cargo demand has dramatically altered the trans-Pacific shipping landscape. New data from Alphaliner highlights just how much the Asia-U.S. trade lane has changed over the past two years....
According to a recent analysis by Container xChange, Europe is facing container shortage as a result of two macro-level disruptions – the lockdowns in China and the Russia-Ukraine war. While the shortage of containers is persistent, the port throughput has also decreased. The findings are part of Container ...
As the world looks to move on from fossil fuels, is there a future for economies like those of UAE that are built around oil? There are promising signs: the UAE non-oil trade posted an impressive 27 per cent rise in 2021, amounting to $1.9 trillion....
First came China’s Wuhan lockdown in February 2020. Then came the closing of Yantian in Shenzhen, the world’s fourth-largest port, in June 2021. Now, Shanghai — site of the world’s largest port — is in extended lockdown. The first two events had extreme effects on container shipping to the U.S. But Shanghai ...
The Chattogram Port is all set to become a fully automated port, with it already boasting a Computerised Container Terminal Management System (CTMS), which ushered in the digital era for the facility....
Covid lockdowns in Shanghai are threatening to create fresh chaos at US ports just as they are slowly recovering from last year’s congestion and delays....