Lack of availability

Asian spot prices rise to record high

Asian spot prices for liquefied natural gas (LNG) jumped nearly 50% this week to a record high, based on available data going back to 2009, as logistical issues disrupt supply to the world’s top consuming region

After years of division

Libyans start using new exchange rate

Libya - The Central Bank of Libya on Sunday introduced a new unified exchange rate agreed last month after years of division between rival branches based on opposing sides of the front line. As part of the change, the internationally recognised Government of National Accord (GNA) in Tripoli suspended a fee on foreign currency transactions that it introduced two years ago to bring the official rate closer to the black market rate

IAPH data

25% of ports have increased share of empty container handling

London - 25% of ports have an increased share of empty container handlings due to the Covid crisis, reports an International Association of Ports and Harbours (IAPH) survey. The report had a 46.2% response from Europe, a 15.5% from Central and South America, 9.2% from North America, 18.4% from North Asia, South East Asia, and Australia, 9.2% from Africa, and 1.5% from Middle East-Central Asia

Lost 36 boxes

Containers fall from Evergreen Marine vessel in rough seas

Taipei - Strong winds and rough seas caused dozens of containers on a Taiwan-based Evergreen Marine Corp. vessel to fall into the ocean off Japan's Kyushu on Wednesday after the ship departed from Busan for Los Angeles, the shipping company said Saturday. In a statement, Evergreen Marine, the largest shipper in Taiwan, said the incident happened when the "Ever Liberal" encountered strong winds about 20 nautical miles

By Fincantieri

First U.S. built Great Lakes bulker since 1983 floated out

Trieste - The first U.S. flagged Great Lakes bulk carrier to be built on the Great Lakes in nearly four decades marked a key point in its construction with its recent float out from the graving dock. Being built for The Interlake Steamship Company at the Fincantieri Bay Shipbuilding yard in Wisconsin, the vessel which is named the Mark W. Barker is the first Great Lakes bulk carrier built domestically since 1983

New tender

Rijeka port to restart procedure for container terminal

Rijeka - Croatia's Rijeka port will restart the procedure for selecting a concessionaire to develop and run the Zagreb Deep Sea container terminal. The board of directors of the Rijeka port has decided to cancel the current selection process and launch a new tender. In September, Luka Rijeka extended the procedure for selecting a concessionaire for the terminal until the end of the year due to the coronavirus pandemic

Al Shabaab claiming responsibility

Turkish company attacked in Somalia, four dead

Istanbul - A car bomb targeting workers of a Turkish company killed four people including one Turkish citizen on Saturday in Somalia, Turkey's Foreign Ministry said. The company's staff were working on the construction of a road between Mogadishu and Afgoye, northwest of the capital, the ministry statement said. Abdiasis Abu Musab, military operation spokesman for the al Qaeda-linked al Shabaab, said the group was behind the attack

Patients were evacuated from the Sisak hospital

Earthquake strikes central Croatia, damaging buildings

"The army is here to help. We will have to move some people from Petrinja because it is unsafe to be here," Plenkovic said. N1 news channel quoted a Petrinja town official as saying that a 12-year old child had been killed. It showed footage of rescuers in Petrinja pulling a man and a child from the debris