Latest news

North Africa
Mar 17, 2025 4:03 PM

Sisi estimates that Egypt Suez Canal monthly revenues are lost at $800 Million.

Abdel Fattah Al-Sisi, Egypt's president, said that monthly revenue losses from the Suez Canal reached $800 million because of "the regional situation", as Yemen Houthis are attacking...

Transportation
Mar 17, 2025 3:03 PM

One tank of jet fuel was damaged by a ship wreckage off the coast of Britain

Crowley, a U.S. logistics company, said that only one tank of jet fuel was damaged when a U.S. military tanker transporting a shipment off England's north-east coast...

Ground Transportation
Mar 17, 2025 1:03 PM

Red Sea Insurance Rates Stay Firm as US Airstrikes Raise Fears for Ships

Industry sources say that the cost of shipping goods across the Red Sea will remain stable after the United States conducted further airstrikes in Yemen on Monday....

Transportation
Mar 15, 2025

Cuba struggles to restore electricity to millions of Cubans as the night falls

Cuba's capital Havana was plunged into darkness on Saturday for the second time as attempts to restore power continued in fits and start. Setbacks slowed progress, and...

Transportation
Mar 15, 2025

Cuba is still without electricity in large parts of the country after the nationwide grid collapse

Cuba was largely left without electricity on Saturday morning, after the grid of the island collapsed overnight. This knocked out power for ten million people. It also...

Transportation
Mar 15, 2025

The Russian captain who was involved in the US tanker crash appeared in UK court

The captain of the container ship that collided with a U.S. oil tanker off Britain's East Coast earlier this week appeared before an English court Saturday and...

Transportation
Mar 14, 2025

Cuba's electric grid collapses leaving millions without power

Cuba's Energy and Mines Ministry said that the national electrical grid collapsed on Friday late at night, causing widespread blackouts across the Caribbean island nation, including the...

Transport Infrastructure
Mar 14, 2025

Brazil, the host state of COP30, denies a new road connected to climate summit

The Brazilian state that is hosting a United Nations Climate Summit this year denied any link between a road that cuts through a Brazilian rainforest protected area...

Transportation
Mar 14, 2025

Sources say that Niger has ordered three Chinese oil officials to leave the country.

Two sources familiar with this decision said on Friday that the Niger junta had ordered three Chinese oil officials to leave the country. This is the latest...

Transportation
Mar 14, 2025

Williams welcomes Trump's support of the Constitution Gas Pipeline

Williams Cos stated on Friday that it appreciates the support of U.S. president Donald Trump for the Constitution Natural Gas Pipeline Project through New York. It is...

Transportation
Mar 14, 2025

CERAWEEK and Chevron advance plans to develop US data centres with power generation

Chevron has plans to meet the demand for data centers. The oil giant recently entered the engineering and permitting phases of multiple U.S. locations to build the...

Transportation
Mar 14, 2025

Williams welcomes Trump's support of the Constitution Gas Pipeline

Williams Cos stated on Friday that it appreciates the support of U.S. president Donald Trump for the Constitution Natural Gas Pipeline project in New York. The company...

Natural Gas Pipeline
Mar 14, 2025

Executive says that Brazil's Petrobras is in negotiations with US LNG suppliers to secure a long-term agreement.

Petrobras, Brazil's state run oil company, is in negotiations with U.S. LNG suppliers to establish a long-term deal for imports. Brazil is Latin America’s largest oil producer...

Transportation
Mar 14, 2025

UK police given more time to question ship crash captain

British police confirmed on Friday that they had been granted additional time to interview the Russian captain, 59 years old, of a container vessel that collided with...

Transportation
Mar 14, 2025

Kazakhstan increases oil exports through Baku-Tbilisi - Ceyhan pipeline by February

According to data provided by pipeline company KazTransOil, the number of metric tons exported in February, up from January, was 97,300 (roughly 28,000 barrels a day). Kazakhstan...

Asia
Mar 14, 2025

South Korea's MFG purchases about 137,000 t corn, traders claim

Major Feedmill Group, a South Korean company, purchased approximately 137,000 metric tonnes of animal feed corn at an international auction on Friday. A 69,000-ton consignment that was...

Transportation
Mar 14, 2025

UK police given more time to question ship crash captain

British police confirmed on Friday that they had been granted additional time to interview the Russian 59-year-old captain of a container vessel which crashed into an American...

LNG Transportation
Mar 14, 2025

Asian spot LNG prices dip amid tepid demand

The Asian spot price of liquefied gas (LNG), which is a product of the Atlantic basin, fell this week to its lowest level in three months as...

Transportation
Mar 14, 2025

Novak, Russia: Demand for oil will increase during the driving season

The summer driving season will increase global oil demand in the coming months, said Russia's top official for oil. He added that the OPEC+ producer's group decided...

East Asia
Mar 14, 2025

South Korea's KFA purchased up to 70,000 T of corn in a private deal, traders claim

According to European traders, the Korea Feed Association in South Korea purchased between 65,000 and 70,000 metric tonnes of animal feed corn on Thursday in a private...

Transportation
Mar 14, 2025

Sources say that China's state-owned firms have reduced their Russian oil imports due to sanctions.

Multiple trade sources reported that Chinese state oil companies have shied away from Russian crude oil in the past month. Two importers stopped purchases, while two others...

Transport Infrastructure
Mar 14, 2025

CK Hutchison shares fall after China issues critical comments on the port sale to U.S. interest

The shares of Hong Kong conglomerate CK Hutchison fell more than 6% after China's Hong Kong Macau Affairs Office published a commentary on state media that criticized...

Transport Infrastructure
Mar 13, 2025

Officials say that the Pentagon requested military options for access to the Panama Canal.

Two U.S. officials said on Thursday that the U.S. Military must provide options in order to guarantee the United States full access to Panama Canal. Donald Trump...

Natural Gas Pipeline
Mar 13, 2025

Trump, New York governor may discuss Constitution gas pipeline

Donald Trump and New York Governor Kathy Hochul will meet on Friday morning. The U.S. President said that the talks could include reviving a natural gas pipeline...

Transportation
Mar 13, 2025

The building of a data center in the US has raised concerns about overburdening the largest US grid.

Energy executives and regulators at CERAWeek, a conference held in Houston last week, expressed concern about the ability of an aging U.S. electric grid to meet this...

Southern Africa
Mar 13, 2025

Trump brings South Africa closer to the EU with 4.7 billion Euros pledged by the EU

On Thursday, European Union leaders visited South Africa and announced a 5.10 billion euro (5.10 billion euros) investment package. This comes at a moment when the United...

East Asia
Mar 13, 2025

US sanctions Iranian oil minister and shadow fleet

Treasury Department: The United States sanctioned Iran's Oil Minister Mohsen Pakhnejad on Thursday, as well as some Hong Kong flagged vessels that form part of an "shadow...

Transportation
Mar 13, 2025

Starmer: UK tanker crash after-effects'reasonably controlled'

Keir starmer, British Prime Minister said that the aftermath of the tanker crash near the English coast this week was "reasonably contained". Fears of an environmental catastrophe...

Transport Infrastructure
Mar 13, 2025

Farm lobby: Increase in Ukraine rail tariffs will add $3 to $6 per ton to logistic costs

The proposed increase in tariffs of Ukraine's railways monopoly Ukrzaliznytsia could increase the cost of agrarian transportation logistics by $3 to 6 per metric ton, and lead...

Transportation
Mar 13, 2025

Starmer: UK tanker crash after-effects'reasonably controlled'

Keir starmer, British Prime Minister said that the aftermath of the tanker crash near the English coast this week was "reasonably contained". Fears of an environmental catastrophe...

North Africa
Mar 13, 2025

Tunisia receives offers for 100,000 T of soft wheat tender, traders report

Initial assessments by European traders suggest that the lowest price offered at Thursday's international tender for about 100,000 metric tonnes of soft wheat from Tunisia was $268.67...

Natural Gas Pipeline
Mar 13, 2025

Singapore's Sembcorp Industries cancels Indonesia gas contract due to regulatory issues

Sembcorp Industries, the Singaporean utilities company, announced on Thursday that it had terminated a gas sales agreement its unit signed for the import of piped natural gas...

Transport Infrastructure
Mar 13, 2025

Data shows that Russian diesel is still being shipped to Syria by US-sanctioned oil tankers.

Data shows that a second tanker subject to U.S. sanction is moored at the Syrian port Banias, and could deliver a cargo of diesel from Russia. This...

Asia
Mar 13, 2025

South Korea's FLC purchases about 65,000 T of corn in a private deal, traders claim

The Feed Leaders Committee of South Korea (FLC) purchased around 65,000 tons of animal feed in a private transaction on Thursday, without holding an international tender. Although...

Europe
Mar 13, 2025

Consultancy says that Ukraine soybean exports reached a record 2,35 million tonnes in the H1 season 2024/25.

APK-Inform, a consultancy for agricultural matters, reported on Thursday that Ukraine's soybeans exports had reached a new record of 2,35 million metric tonnes in the first half...

East Asia
Mar 13, 2025

South Korea's NOFI buys estimated 67,000 T corn, traders say

The European traders reported that the leading South Korean animal feed manufacturer Nonghyup Feed Inc., (NOFI), bought approximately 67,000 metric tonnes of animal feed corn on Thursday...

Freight Logistics
Mar 13, 2025

After a slump in profits, port operator DP World has an uncertain outlook for trade

DP World, a Dubai owned ports and logistics firm, reported a 28 percent fall in its annual profit on Friday, partly because of higher finance costs. It...

Asia
Mar 13, 2025

Bangladesh announces new tender for the purchase of 50,000 T rice

On Thursday, traders reported that Bangladesh's state grain buyer had issued a new tender for the purchase of 50,000 metric tonnes of rice. The deadline to submit...

Ground Transportation
Mar 13, 2025

Most Gulf markets gain on US inflation data

The Gulf's major stock exchanges rose early on Thursday due to a lower-than-expected U.S. Inflation print. However, uncertainty about tariffs continued. The U.S. consumer price index increased...

Asia
Mar 13, 2025

South Korea's MFG bids for 140,000 t corn, traders claim

The Major Feedmill Group of South Korea (MFG) issued an international tender on Thursday to purchase animal feed corn up to 140.000 metric tons. The deadline to...

Freight Logistics
Mar 13, 2025

French and Benelux stocks: Factors to watch

Here are some company news and stories that could impact the markets in France and Benelux or even individual stocks. Airbus Airbus signed a letter with DRF...

Transportation
Mar 12, 2025

Australia regulator: household electricity bills in eastern States set to increase by 9%

The energy regulator in Australia said that electricity prices could rise by almost 9% between July and now. This would put the re-election hopes of the centre-left...

Logistics
Mar 12, 2025

DHL Group CEO: Global trade will grow despite US tariffs

Tobias Meyer, CEO of the DHL Group in Germany, said that global trade will grow, but less vigorously, due to the reaction to President Donald Trump’s tariff...

LNG Transportation
Mar 12, 2025

CERAWEEK - US Interior Secretary urges more drilling and mining on public lands

U.S. Interior Secretary Doug Burgum said to a room full of energy executives that he wanted their industries, which include mining and drilling on America's Public Lands,...

Transportation
Mar 12, 2025

Seafarers union: UK ship crash investigation must be transparent

The collision between a tanker ship and container ship near the English coast must be investigated transparently and with international coordination, said a union of seafarers on...

Transportation
Mar 12, 2025

If Trump's trade war escalates, Canada may restrict its oil exports.

Jonathan Wilkinson, Canada's Energy Minister, said that if the trade dispute escalates with the U.S. further, Canada may take non-tariff steps such as limiting its oil exports...

LNG Transportation
Mar 12, 2025

Excelerate's exec: Argentina will only import LNG from one terminal in winter

A company executive confirmed that Argentina had not requested an extra floating regasification facility from Excelerate Energy in the coming winter, because the South American nation plans...

Middle East
Mar 12, 2025

Algeria purchases at least 450,000 t wheat in tender from traders

Initial assessments by European traders indicate that Algeria's state grain agency OAIC bought at least 450 000 metric tons milling wheat on Wednesday in a global tender....

Transportation
Mar 12, 2025

TC Energy CEO: Company remains optimistic about the US despite trade tensions

The CEO of Canadian Pipeline Company TC Energy Corp. stated that it continues to prefer the U.S. to Canada when it comes capital investment, despite the escalating...

Middle East
Mar 12, 2025

Algeria purchases milling wheat at tender, traders claim

Initial assessments by European traders indicate that Algeria's state grain agency OAIC bought milling wheat at an international auction which closed on Tuesday. They reported that the...