Both dry and liquid bulk shipping markets will be reshaped this year on the back of supply chain friction and the war in Ukraine, while supply chain problems are expected to “drag on through” 2022. Analysts at ING expect trade growth of between 1% and …
Supply chain snarls and the war in Ukraine will change cargo flows Read More »
A commercial bulk carrier has run soft aground on a sand bar in Lake Michiganite, at the entrance to Muskegon, Mich. the U.S. Coast Guard said.U.S. Coast Guard Sector Lake Michigan and Marine Safety Detachment Grand Haven are responding to the 750-foot…
Bulker Runs Aground in Lake Michigan Read More »
The Port of Antwerp is adapting to losing shipping trade with Russia and its merger with the neighboring Port of Zeebrugge is set to boost overall volumes in coming years, the group’s chief executive said on Thursday.Global shipping companies…
Port of Antwerp Overcoming Loss of Russian Shipping Export Trade -CEO Read More »
Traders are deploying smaller, costlier vessels to ship displaced Russian oil from European ports to China, in a rare move as Western sanctions on Moscow force them to use unconventional methods to transport the product.About 5 million barrels…
Costlier Smaller Tankers Deployed to Move Displaced Russian Oil to China Read More »
Western ship insurers are terminating cover for Russia’s leading shipping company Sovcomflot as multiple sanctions start to bite, companies involved say, adding to the growing challenges for the state-owned company and Moscow’s efforts to export…
Sanctions Tighten Screws on Russia’s Sovcomflot as Ship Insurers Cut Cover Read More »