How grounded tanker blocked Suez Canal for hours
Picture from Suez Canal Authority confirming the tanker was repositioned into the channel. An Aframax tanker heading southbound this afternoon in the Suez Canal lost steering control and became wedged…
Oil prices fall 3% on recession fears
Crude oil prices continued to slide on Wednesday on investors’ worries about the ailing state of the global economy, bearish oil demand signals from OPEC+ and increased restrictions to curb…
Ghanaian trade unions seek end to violence against women in transport workplaces
Transport Trade Union leaders, at an event in Accra, Ghana this week, have called on governments and employers to work with trade unions to end violence and harassment in the…
Côte d’Ivoire Terminal receives electric cranes, ready for November opening
Côte d’Ivoire Terminal CIT, Abidjan’s second container terminal and APM Terminal’s joint venture facility, has received its final equipment before the terminal goes live in November 2022. Namely, the new…
Singapore puts automated port development front, centre
Photo: Screenshot from YouTubeSingapore PM Lee giving the National Day Rally 2022 speech. Singapore Prime Minister Lee Hsien Loong highlighted the development of the world’s largest automated container port in…
COSCO’s newest bulker transports cars outbound from China
Bulker transports cars to increase efficiencies: COSCO Shipping Wisdom is the first bulker outfitted to also transport cars. COSCO Shipping’s newest bulk carrier departed China late last week on its…
Indian Ocean high risk designation to be withdrawn end of 2022
*Source: The Maritime Executive Africa Somalia end of high risk designation for shipping EU NavFor protects commercial shipping in the region (EU Naval Force - Somalia). Further reflecting the progress…
Egypt’s deal for Indian wheat stands, not shipped yet – Minister
Egypt’s supply Minister said on Monday an agreement to buy wheat from India still stood despite recent curbs on Indian exports, although the grain had not yet been shipped. India,…
UK inflation: Food costs push price rises to new 40-year high
Soaring food costs have pushed UK inflation into double digits for the first time since 1982, with prices continuing to rise at their fastest rate for more than 40 years.…
Inflation drives fastest fall in real pay on record
Pay (real income) has fallen further behind the rising cost of living, according to the latest official data. While average wages rose cent between April and June, that was outpaced…
