World powers tie up for Naval Force to police Mideast oil routes
A coalition created to secure sea lines vital to oil shipping in the Middle East formally launched operations in the most concerted international response yet to months of tensions in…
Christine Lagarde says Trump is hurting global economic stability …As IMF predicts less than 6% growth for China’s economy in 2020
US President, Donald Trump Former head of the International Monetary Fund IMF, Christine Lagarde, has said that the US President Donald Trump is responsible for many of the risks facing…
Box volumes to continue rising despite ongoing trade war-Alphaliner
Global container throughput is still expected to grow, despite rising trade tensions and weaker global Gross Domestic Product GDP growth, Alphaliner said. Aggregate container port throughput is set to increase…
Shell, Qatar Petroleum form Global LNG Bunkering JV
State-owned Qatar Petroleum and the Netherlands-based oil and gas company Shell are forming a joint venture for global LNG bunkering services. Signed by Qatar Petroleum’s Wave LNG Solutions and Shell…
Shipping freight market defies ongoing trade war, global economic slowdown
The ongoing trade war between the US and China, coupled with slowing global economic growth, has failed to buffet the shipping market bellwether, the Baltic Dry Index, which is up…
UK seizes record Heroin haul on Maersk containership
Heroin seized on a boxship in Felixstowe Portzoom The United Kingdom authorities have seized a record amount of heroin from a containership at the Felixstowe Port following an international investigation.…
China- Venezuela July oil imports fall over U.S. sanctions
China’s crude oil imports from Venezuela plunged 62 per cent in July from the previous month, Chinese customs data showed on Sunday, as growing tension between Washington and the Maduro…
How Dutch Police seized $48m heroin from container
Image Courtesy: UK National Crime Agency British authorities have removed around 398 kilograms of heroin from a shipping container in what was described as one of the largest ever seizures…
Shanghai tops ranking of world’s best-connected ports
The Shanghai port has topped United Nation Conference on Trade and Development UNCTAD’s 2019 ranking of the world’s best-connected ports, released on August 7, 2019. The Chinese port garnered a…
World’s largest boxship arrives Malaysia’s port
MSC Gulsun, the world’s largest containership, called at Malaysia’s Port of Tanjung Pelepas (PTP) on July 27 during its maiden voyage. PTP, a joint venture between MMC Group and APM…
