Saudi Arabia’s ports are undergoing a period of rapid transformation, poised to significantly impact global trade.

Guided by the ambitious Vision 2030, Saudi Arabia is driving economic diversification, aiming to shift from a regional player to a global leader. At the

Northwest Europe

All grades remain in normal availability in Rotterdam and in the wider ARA hub. Most suppliers can offer all grades for prompt delivery dates. Lead times of 3–5 days are generally recommended for all three grades, a trader told

Enhancing their collaboration on cutting-edge marine and technology projects, ABS and HD Korea Shipbuilding & Offshore Engineering (HD KSOE) signed a memorandum of understanding (MOU) to advance the development and certification of innovative systems for next-generation, zero-carbon ships.

Representatives from both

Global shipping contributes 2-3% of carbon emissions, with ports playing a significant role. Leveraging big data can optimize vehicle operations, manage machinery maintenance, and improve energy efficiency in port facilities, accelerating decarbonization efforts in the maritime industry.

Global shipping makes up

September is traditionally one of the busiest months for U.S. containerized imports, driven by the peak shipping season as businesses prepare for the holiday rush. However, this year presents an unprecedented combination of challenges that could heavily impact supply chains.

A Global Centre for Maritime Decarbonisation-led consortium has successfully conducted ship-to-ship transfers of ammonia at anchorages within the Port of Dampier on 14 September 2024.

Two transfers took place between the Green Pioneer (owner MOL), a 35,000 cubic metres (cbm) ammonia

Amid an abrupt deceleration in Chinese oil consumption, global demand growth is cooling sharply from the rates seen in recent years, which we have been projecting since our first forecast for 2024 was published in June 2023. World oil demand

Clean
LR2
MEG LR2s made gains this week, with the rate for TC1 (75Kt MEG/Japan) recovering 4 points to WS126.11 (about $24,500 per day round-trip TCE) while the rate for 90kt MEG/UK-Continent (TC20) climbed over $264,500 to $4,280,000.
In the West of Suez

The political and military instability in the Red Sea and eastern Mediterranean has forced global shipping companies to reroute cargo freight being transported from Asia to Europe. As a result, merchant ships are increasingly making the longer, more expensive and

North America

Hurricane Francine, which made landfall in Louisiana as a Category 2 storm on Wednesday evening, has weakened to a tropical storm, the US National Hurricane Center (NHC) reported.

Despite the downgrade, flash flooding remains a major threat in the New