Ukraine grain exports leap in the year since shipping deal with Russia expired
In the year since the United Nations-brokered Black Sea Grain Initiative fell apart, Ukraine has performed remarkably well in securing seaborne exports. New data from Greek shipping platform Signal (see chart below) shows how Ukraine has managed to increase grain exports in the 12 months since the shipping deal it had in place with its […]
IMO takes steps to be more transparent
The International Maritime Organization (IMO) Council has decided to livestream its plenary meetings and make its documents accessible to the public, in a bid to boost transparency at a United Nations body that has received plenty of criticism over the years for its behind closed doors attitude. The council is the executive organ of IMO […]
Work starts on giant Long Beach rail project
US transportation secretary Pete Buttigieg visited the port of Long Beach on Thursday to break ground on a $1.5bn railyard expansion project that will more than triple the volume of rail cargo the port can handle annually. The project, which will be completed by 2032, will link the port to 30 major rail hubs around […]
Diamond Offshore wins $89m drillship deal in Gulf of Mexico
Houston-based Diamond Offshore has entered a drilling contract with Beacon Offshore Energy for one of its drillships for work in the US Gulf of Mexico. The drillship Ocean BlackRhino was awarded a contract with a minimum duration of 180 days for a total value of $89m, excluding mobilization and any other additional services. The contract […]
Noble Corp to delist from Nasdaq Copenhagen
Offshore driller Noble Corporation has decided to voluntarily delist from Nasdaq Copenhagen and only be listed on the New York Stock Exchange (NYSE). Noble said that the trading volume of its share entitlements on Nasdaq no longer justifies the expense and administrative requirements associated with maintaining this dual listing. Noble anticipates the delisting to be effective in […]
TechnipFMC lands large subsea deal offshore Israel
Offshore contracting giant TechnipFMC has landed a large deal for integrated engineering, procurement, construction and installation (iEPCI) work for Energean’s Katlan development in the Mediterranean Sea offshore Israel. The contract worth between $500m and $1bn follows an integrated front-end engineering and design study that TechnipFMC carried out to optimise the commercial and technological solution for […]
Bulk eBLs gets a boost as 25 by 25 pledge surpasses its target ahead of time
BIMCO’s 25 by 25 pledge gets a boost Bulk iron ore shippers reach 25.1% average eBL usage in the first year BIMCO to broaden the campaign to include other bulk trades “25% of annual seaborne trade volume for at least one commodity using Electronic Bills of Lading (eBL) by 2025 “ This was the “25 […]
Port of Los Angeles achieves another monthly container gain
Port of Los Angeles processed 827,757 TEUs in June, translating to a 10% increase over the previous month and less than 1% compared to last June, which was the port’s best month in 2023. “June was a great month at the Port of Los Angeles, capping off of a stellar first half of the year,” […]
Direct services are solution to congestion and capacity dilemmas
Shipping lines are extending their direct call services in an effort to absorb excess capacity and maintain schedules as port congestion in both Asia and Europe takes hold following the Houthi attacks on shipping. Consultancy MDS Transmodal has conducted an analysis of vessel deployment and new services which reveals that carriers are deploying vessels in direct […]
Countrywide blockade suspends cargo movement in Bangladesh
As students have enforced a countrywide blockade in Bangladesh demanding the removal of the quota system in the public sector jobs, the movement of cargo carrying trucks towards the Chittagong port and the container depots remained suspended since Wednesday (17 July) night. Students have blocked the roads across the country thus no vehicles are plying […]