US port congestion that has persisted since last year has aggravated the container shortage, and some US traders have come to China for solutions in an urgent manner.
Russian flagship Urals oil loadings from Baltic ports will rise to 4.1 million tonnes from 3.6 million tonnes in February
VLGC rates continued to nosedive, even as milder temperatures in the US Gulf began to gradually ease disruption at the Houston Ship Channel, prompting gradual loadings and efforts to export.
Of the 41 respondents who participated in both the February and January polls, 32 raised their forecasts. Most analysts said the Organization of Petroleum Exporting Countries and allies (OPEC+) may ease current output curbs when they meet on March 4, but would still agree to maintain supply discipline.
It docked at Saint-Nazaire, in France's northwestern Brittany region, on Monday with 33 tonnes of cacao - the raw ingredient for chocolate - after a three-month round trip.
The guided-missile cruiser USS Philippine Sea, which carries some 380 sailors, is expected to pull into port for further testing
Lebanon's Diab has tasked the defence minister, environment minister and the National Council for Scientific Research with the follow-up, a statement from his office said
The event began last week during a winter storm, which made it harder to see the tar approaching and deal with it at sea, Israeli officials said
Lima - The death toll in Peru continued to mount on Friday as a relentless second wave of the coronavirus left many hospitals short of oxygen for critical patients even as daily infections continued to climb. In Lima, long lines snake down city blocks as friends and relatives seek to snatch up the last remaining bottled oxygen available in the capital
Berlin - Negotiations about the next steps in the development of a Franco-German fighter jet are still going on, the German defence ministry said on Friday of Europe's biggest defence project. A defence ministry spokesman was commenting on the latest round of talks between the defence ministers of both countries which took place on Thursday
Frankfurt - As the euro zone begins to emerge from the depths of a pandemic-induced recession, the European Central Bank is facing a difficult balancing act between supporting indebted governments and keeping creditors onside. Encouraged by the ECB's massive bond purchase programme and ultra-low interest rates, national governments have taken on a mountain of new borrowing to cushion the coronavirus pandemic
Spain will receive one of the biggest slices of European recovery funds in the coming years, up to 140 billion euros ($170 billion) of which about half will be in the form of grants.
EU officials have said Pfizer committed to delivering 3.5 million doses a week from the start of January, for a total of 21 million shots by mid-February
"Our ambition to have a carbon neutral fleet by 2050 was a moonshot when we announced it in 2018," Chief Executive Soren Skou said.
“We will order six multipurpose ships for the transport of cars, tractors, trucks and containers. We are in the process of negotiating with some Asian shipyards. Italian shipyards have no interest in building this type of ship: they are concentrated on military and passenger ships”.
Cape Town - For South African winemaker Vergenoegd Löw, the pandemic could have been a disaster but a bitter trade war between China and Australia has thrown the 325-year-old estate a lifeline. Bottles of its reds, whites and roses piled up when South Africa banned alcohol sales under a strict lockdown and visitors who once flocked to the vineyard near Cape Town to sip wine and snap photos of its famed Indian Runner ducks vanished
Geneva - A recovery in global trade is expected to slow again in the first quarter of 2021 as the coronavirus pandemic keeps disrupting the travel industry after world trade contracted 9% in 2020, a U.N. report said on Wednesday. After lockdowns caused trade to shrink 15% in the first half of 2020, it rebounded in the second half, with global trade in goods up about 8% in the fourth quarter compared with the third, UNCTAD said.
Dubai - DP World Limited handled 19.1 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals in 4Q2020, with gross container volumes increasing by 7.6% year-on-year on a reported basis and up 6.5% on a like-for-like basis. On a FY2020 basis, DP World handled 71.2 million TEU, flat year-on-year and up 0.2% on a like-for-like basis
Trieste - Fincantieri, through its subsidiary E-phors, specialized in providing cybersecurity services and products, has recently provided a pivotal training course in partnership with the Italian Shipping Academy, aimed at introducing deck officers to the basics of cybersecurity. The three-day training course is part of the Academy’s project – funded by the European Commission “Common Maritime Education Standards in the West Mediterranean”
London - British Airways has invested in a sustainable aviation fuel company, finding resources to back its decarbonisation plans despite the coronavirus pandemic, as pressure grows on airlines to cut emissions when travel restarts in earnest. British Airways, owned by IAG, said on Tuesday it would invest in LanzaJet, a company that is building a plant to produce sustainable aviation fuel (SAF) on a commercial scale in Georgia in the United States
