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 Reuters....

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 Canal....

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

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 period....

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 spreads....

Cash premiums for October-loading barrels of Asia-Pacific medium sweet crudes were easing from record highs in September amid narrowing middle distillate product cracks and increasing competition from arbitrage barrels, traders said Aug. 16-17....

Vietnam has forecast a substantial increase in coal imports over the next 12-15 years, particularly from the power sector, on rising domestic demand, according to a draft strategy for the coal industry from the Ministry of Industry and Trade, or MoIT....

As freight rates continue to fall, profitability of the bulk cargo shipping carriers such as Great Eastern Shipping and state-run Shipping Corporation of India (SCI) may take a dip in the current quarter....

Bearish bets on emerging Asian currencies eased on hopes that monetary tightening will cool red-hot inflation, with short bets on the Thai baht falling sharply after the first rate hike in the country in nearly four years, a Reuters poll found....

The congestion of container ships off German ports at the North Sea worsened, affecting the European Union’s (EU’s) trade with Asia, the German Kiel Institute for the World Economy (IfW Kiel) said....