Tankers carrying Russian LNG drop Arctic routes as winter approaches, data shows

Ships carrying Russian liquefied natural gas (LNG) to Asia are returning to the longer routes around Africa’s Cape of Good Hope rather than those along the Arctic shore as the winter season begins, LSEG data showed. Russia’s new Arctic LNG 2 project also lacks enough ice-class gas carriers to continue navigation along the Northern Sea …

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Shipping giants reinforce confidence in Gemini alliance service reliability ambitions

The two men leading Hapag-Lloyd and Maersk into the new Gemini Cooperation joined together on stage at the Xeneta Summit in Amsterdam yesterday to reinforce their confidence in the new alliance achieving its ambition of 90% service reliability. The Gemini Cooperation, which comprises the two ocean container shipping giants, will begin operating on 1 February …

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WTO raises 2024 trade forecast, but risks remain

The World Trade Organization (WTO) has slightly revised its forecast for global merchandise trade growth in 2024, predicting a 2.7% increase from the previous estimate of 2.6%. However, the organisation warns that downside risks remain, primarily due to regional conflicts, geopolitical tensions, and policy uncertainty. The WTO’s October 2024 Global Trade Outlook and Statistics Update …

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Presentation and Panel Discussion at “Japan CCUS Summit”

Satoshi Kanamori, Managing Executive Officer at Kawasaki Kisen Kaisha, Ltd. (“K” LINE), presented “K” LINE’s projects regarding CCS (Carbon dioxide Capture and Storage) business developments at the “Japan CCUS Summit” *1 at Bellesalle Shibuya Garden in Tokyo, Japan on October 17. In this presentation, he introduced “K” LINE’s initiatives for the establishment of CCS value …

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India’s evolution in preventing and combatting maritime piracy at high seas

Maritime piracy is one of humanity’s pet-peeves that should have been rooted out through collective efforts of the nations a long time ago. Concerted efforts have indeed been made by United Nations since the 1950s to define, analyse, monitor and tackle piracy issues head-on. However, maritime piracy has slowly evolved from a traditional problem to …

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ARA oil product stocks steady, Insights Global data shows

Independently held refined oil products stocks in storage in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage were broadly steady in the week to Thursday, data from Dutch consultancy Insights Global showed. Total inventories reached 6.23 million metric tons by Thursday, the data showed, from 6.22 million tons the previous week. Gasoil stocks fell by around 5% …

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Contecon Guayaquil firma el comodato para la construcción del grupo operacional marítimo GOPMAR

En un acto significativo que destaca la colaboración entre el sector público y privado, Contecon Guayaquil S.A. (CGSA), junto a la Armada del Ecuador y la Autoridad Portuaria de Guayaquil, formalizaron la firma del comodato del área de terreno del Puerto Libertador Simón Bolívar donde se edificará la infraestructura del Grupo Operacional Marítimo (GOPMAR). Este …

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