17 MAY 2022 The Suez Canal Authority (SCA), the Egyptian state-owned entity responsible for operating and maintaining the Suez Canal, and the International Chamber of Shipping (ICS), representing 80% of world’s merchant fleet, have agreed to work towards increasing information sharing and “negotiations on the movement of global trade through the Canal” under …
Read More »16 MAY 2022 MUMBAI, May 14 (Reuters) – India banned wheat exports on Saturday days after saying it was targeting record shipments this year, as a scorching heat wave curtailed output and domestic prices hit a record high. The government said it would still allow exports backed by already issued letters of credit and …
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15 MAY 2022 The global vegetable oils industry was stunned after Indonesia’s President Joko Widodo announced late last month that his country, the world’s largest producer of palm oil, would impose a ban on exports. While Jokowi, as the president is widely known, cited domestic shortages in cooking oil as his …
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14 MAY 2022 Historically, the Arabian Peninsula has played a pivotal role in maritime trade development. It now acts as a bridge that connects South Asia’s manufacturing hubs to consumers in Africa and Europe. It provides much of the fuel, and since the start of the oil boom in the …
Read More »13 MAY 2022 Researchers have taken advantage of a rare opportunity to study identical (aka monozygotic) twins who were separated early in life, before being raised in different countries by different families – and there are some surprising results to report. Whereas IQ has been shown to be up to …
Read More »12 MAY 2022 Shipping’s long-term trend towards higher safety and fewer losses continued in 2021, according to marine insurer Allianz, but several high-profile incidents show that cargo fires are a “priority concern” for the industry – particularly for car carriers. Over the course of the past year, two vessels were lost …
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