Global gas scramble intensifies after Europe pipeline blasts

The currently out-of-action Nord Stream pipeline system was damaged, with Germany saying it suspected it was an act of sabotage. It came as Russia also threatened to cut off gas to Europe via a major link through Ukraine, which would be a sharp escalation in the conflict between Moscow and the ...

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Weaker Demand for Goods From Asia Marks End of Shipping Bonanza

The cost of shipping goods from China has slumped to the lowest level in more than two years as the world economy stumbles, dimming prospects for container carriers that turned in record profits during the ...

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China shipbuilding sector continues to top world market

China remained the world’s leading shipbuilder in the first eight months of the year, industrial data ...

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Hundreds of seafarers still stuck in Ukraine despite grains corridor

Around 82 ships with 418 seafarers remain stuck around Ukrainian ports despite the opening of a U.N.-backed sea corridor to ship grains with efforts to get the mariners sailing still stuck, shipping industry officials said on ...

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Domestic cement consumption expected to rise as exports fall

Hanoi (VNS/VNA) - The cement production industry expects to promote domestic consumption because it is finding difficult to boost ...

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Hapag Lloyd spending big money on fleet, eyes port invest

German container shipper Hapag-Lloyd is spending billions on expanding and renewing its fleet and looking at investing in more port infrastructure to extend its edge in the post-COVID 19 world economy, chief executive Rolf Habben Jansen told ...

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Suez Canal briefly blocked again after another ship, Affinity V, becomes stuck

A tanker getting stuck used to be more the domain of niche business news, but that was before the Ever Given, so all eyes were soon on the Affinity V tanker’s plight in the Suez ...

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MAERSK TO SELL SHARE IN RUSSIAN PORT OPERATOR

MAERSK has agreed to sell its 30.75% shareholding in Russian container terminal operator Global Ports ...

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Global Rail Freight Transportation Market Report to 2026 - Rising Infrastructure Development Projects Presents Opportunities

The global market for Rail Freight Transportation estimated at US$169.8 Billion in the year 2022, is projected to reach a revised size of US$205.3 Billion by 2026, growing at a CAGR of 4.3% over the analysis ...

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Asian traders anticipate surplus middle distillates from South Korea after Seoul floods

Record downpours in South Korea is expected to hit August auto fuel demand significantly and prompt local refiners and trading firms to release large volumes of surplus gasoline and diesel into the regional spot market, putting pressure on near-term Asian middle distillate crack ...

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