Finland Demands Investigators On Vessel That Broke Gas Pipeline

By Kati Pohjanpalo (Bloomberg) –Finland will demand its investigators be allowed on board the NewNew Polar Bear, a Hong Kong-flagged vessel whose anchor ripped up a subsea gas pipeline near Finnish…

By Kati Pohjanpalo (Bloomberg) –Finland will demand its investigators be allowed on board the NewNew Polar Bear, a Hong Kong-flagged vessel whose anchor ripped up a subsea gas pipeline near Finnish...

Lakes limestone trade jumps 22.8 percent in November

(CLEVELAND) — Shipments of limestone on the Great Lakes totaled 3.1 million tons in November, an increase of 22.8 percent compared to a year ago. Limestone cargoes were 7.3 percent […]

(CLEVELAND) — Shipments of limestone on the Great Lakes totaled 3.1 million tons in November, an increase of 22.8 percent compared to a year ago. Limestone cargoes were 7.3 percent above the month’s five-year average.

Loadings from U.S. quarries increased 23.6 percent from 2022 to 2.6 million tons. Shipments from Canadian quarries totaled 536,912 tons, an increase of 19.2 percent.

Year to date, the limestone trade stands at nearly 26.6 million tons, a decrease of 3.3 percent compared to a year ago. Loadings from Michigan and Ohio quarries decreased by 2.2 percent to nearly 21.5 million tons, while shipments from Ontario quarries total 5.2 million tons, a decrease of 7.5 percent from 2022.

– Lake Carriers’ Association

Lake Carriers’ Association photo

 

Report Reveals Progress in Green Shipping Corridor Initiatives

Significant progress has been made in the development and maturation of green shipping corridors to help decarbonize maritime shipping, according to a new report released by the Global Maritime Forum…

Significant progress has been made in the development and maturation of green shipping corridors to help decarbonize maritime shipping, according to a new report released by the Global Maritime Forum...

US LNG Exports Approach Record Levels

HOUSTON, Dec 1 (Reuters) – U.S. liquefied natural gas (LNG) exports in November rose to the second highest monthly production level on record, 7.99 million metric tons of the superchilled gas, according to…

HOUSTON, Dec 1 (Reuters) – U.S. liquefied natural gas (LNG) exports in November rose to the second highest monthly production level on record, 7.99 million metric tons of the superchilled gas, according to...

EUNAVFOR Reveals Details of Alleged Piracy Incident Off Somalia

EU Naval Force Operation (EUNAVFOR) ATALANTA intervened in an alleged piracy-related incident involving the Iranian-flagged fishing boat AL-MERAJ 1 off the coast of Somalia. The incident took place on November…

EU Naval Force Operation (EUNAVFOR) ATALANTA intervened in an alleged piracy-related incident involving the Iranian-flagged fishing boat AL-MERAJ 1 off the coast of Somalia. The incident took place on November...

Shipping Giants Want an End Date for Fossil Fuel-Only Vessels

By Jack Wittels and Tara Patel (Bloomberg) — Europe’s biggest container lines want to phase out ships powered only by fossil fuels. The proposal was announced Friday in a joint statement…

By Jack Wittels and Tara Patel (Bloomberg) — Europe’s biggest container lines want to phase out ships powered only by fossil fuels. The proposal was announced Friday in a joint statement...

Russia Fails to Get Re-Elected to IMO Council

By Jonathan Saul LONDON, Dec 1 (Reuters) – Russia on Friday failed to win enough votes for re-election to the United Nation’s shipping agency’s governing council after Ukrainian President Volodymyr…

By Jonathan Saul LONDON, Dec 1 (Reuters) – Russia on Friday failed to win enough votes for re-election to the United Nation’s shipping agency’s governing council after Ukrainian President Volodymyr...

Hahn & Co. Weighs Sale of South Korea’s SK Shipping, Sources Say

By Manuel Baigorri, Cathy Chan and Vinicy Chan (Bloomberg) — South Korean buyout firm Hahn & Co. is reviewing strategic options for its majority stake in SK Shipping Co., including a…

By Manuel Baigorri, Cathy Chan and Vinicy Chan (Bloomberg) — South Korean buyout firm Hahn & Co. is reviewing strategic options for its majority stake in SK Shipping Co., including a...

Failure of Rate Increases Points to Tough Times Ahead for Ocean Carriers

By Mike Wackett (The Loadstar) – Notwithstanding three attempts at GRIs (general rate increases) in 45 days, Asia-North Europe container spot rates have so far remained stubbornly low, which will…

By Mike Wackett (The Loadstar) – Notwithstanding three attempts at GRIs (general rate increases) in 45 days, Asia-North Europe container spot rates have so far remained stubbornly low, which will...

US Issues Fresh Sanctions Over Russian Oil Price Cap Violations

WASHINGTON, Dec 1 (Reuters) – The United States on Friday imposed additional sanctions related to the price cap on Russian oil, targeting three entities and three oil tankers as Washington seeks to…

WASHINGTON, Dec 1 (Reuters) – The United States on Friday imposed additional sanctions related to the price cap on Russian oil, targeting three entities and three oil tankers as Washington seeks to...