New industrial market report reveals STL region outpacing peer cities in key metrics
After hitting historic highs for delivery of modern bulk industrial space in 2022, the St. Louis region now also has the largest amount of manufacturing…
ASM sees impact from China chip curbs offset by AI-driven demand
Dutch chip gear firm ASM International NV said the impact on its sales from US semiconductor export controls on China is “not a big deal”…
Indian Register of Shipping (IRS) named Classification Society of the Year at Shiptek International Maritime Awards
Indian Register of Shipping (IRS), a leading classification society and IACS member, is proud to announce it has won the prestigious ‘Classification Society of the…
Tanker billionaire Fredriksen clashes with another shipper
Norwegian shipping billionaire John Fredriksen has clashed with another tanker company after his tumultuous attempt to buy Euronav NV was abandoned earlier this year.
Copper output dips in Chile for potential boost to demand-hit market
A monthly drop in Chile’s copper production shows the top-producing nation has yet to resolve recent supply wobbles in a much-needed boost to a global…
Xeneta container rates alert: long-term ocean freight rates collapse by almost 30% in a month as new US contracts reflect market reality
The ocean freight industry saw a slump in global long-term rates of unprecedented proportions in May, as the contracted cost of shipping containers dived by…
OLT’s regasification capacity increases
OLT Offshore LNG Toscana has received authorization to increase its annual regasification capacity from the current 3.75 billion to about 5 billion Standard cubic meters…
Damen unveils new compact ASD Tug 2111
Damen Shipyards Group has unveiled the latest vessel in its Compact Tugs product platform. The ASD Tug 2111 joins the ASD Tug 2312 in the…
AAR reports rail traffic for the week ending May 27, 2023
The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending May 27, 2023.
US and EU narrow gap on China but remain split on trade tactics
The US and the European Union are still struggling to agree on specific ways to slow China’s technological rise and limit its coercive trade practices…
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