Samsung Heavy Industries secured a 724 billion won ($508 million) deal to build two very large ethane carriers for an Asian shipping company, the Korean shipbuilder said on Thursday. Samsung Heavy Industries will deliver the vessels by the deadline set for December...

Read More

Hanxin Shipping Co., Ltd. and Shanghai International Port (Group) Co., Ltd. Luojing Branch signed a liner company cooperation agreement, according to the company’s release. The two sides will adhere to the principle of “openness and fairness, complementary...

Read More

China has resumed routine port inspection and quarantine of lobsters from Australia, Xinhua reports citing He Yongqian, spokesperson with the Ministry of Commerce. Authorities from both countries have conducted “in-depth and effective technical...

Read More

The Information and Decision Support Center of Egypt’s Cabinet has released a report titled “Maritime Trade Gateways at the Core of Global Strategy,”- according to Egypttoday. This report highlights the vital economic role of ports in facilitating...

Read More

Crude oil production in the U.S. Lower 48 (L48) states, which excludes Alaska and offshore production, reached a record 11.3 million barrels per day (b/d) in November 2024, according to our estimate in the latest Short-Term Energy Outlook (STEO) published on December...

Read More

The US move to decarbonize the transportation fuels markets has made allies of two groups historically at odds: refiners and renewable fuel producers. And that relationship is expected to continue to drive US transportation fuel markets in 2025 as demand for both...

Read More