Port Powers Green Truck Corridor Connecting Key Trade Hubs
Port Powers Green Truck Corridor Connecting Key Trade Hubs
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Port News
13/05/2026
The Port of Long Beach, The Wonderful Company and Lincoln Transportation Services Monday signed a memorandum of understanding supporting development of the world’s first port-powered Green Truck Corridor connecting Long Beach with the Central Valley to improve air quality and reduce greenhouse gases on one of the nation’s busiest truck routes for global trade.
Port CEO Dr. Noel Hacegaba joined Jose Cardenas, CEO of Lincoln Transportation Services, and Joe Vargas, President of Wonderful Real Estate Development, to officially sign the MOU establishing a Green Truck Corridor that connects the heart of the nation’s agriculture production to its largest port complex and unites two major economic engines – the Port of Long Beach, which moves more than $300 billion of goods annually, and the $40 billion agriculture industry in California’s Central Valley.
“By launching the world’s first port-powered Green Truck
Canadian wheat rises to its highest price since June 2025 tracking futures rally
Canadian wheat rises to its highest price since June 2025 tracking futures rally
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Commodity News
13/05/2026
Canadian wheat prices surged May 12 to their highest price since last June as US wheat futures rallied sharply following a bearish World Agricultural Demand Estimates supply outlook.
Platts, part of S&P Global Energy, assessed Canada Western Red Spring Wheat 13.5% FOB Vancouver 30-45 days forward at $289.54/metric ton May 12, up $10.10 day over day, its highest level in 2026 and the highest price since June 2025.
The price breakthrough came after the US Department of Agriculture’s May WASDE report showed low US wheat ending stocks and production estimates, while deteriorating crop conditions added support to the rally.
The MIAX hard red spring wheat futures settled 37.50 cents higher for both the May and July contracts to 715.25 cents/bushel and 724 cents/bu, respectively. The rally began in the morning, with the market opening 8-10 cents/bu higher than the previous close after
France not planning oil stock release but may revisit decision
France not planning oil stock release but may revisit decision
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Oil & Companies News
13/05/2026
French Finance Minister Roland Lescure said Wednesday that France is not currently planning to release new oil stocks, though the matter could be reconsidered in the coming weeks.
Lescure made the remarks ahead of next week’s G7 meeting, where energy security is expected to be a key topic of discussion.
The International Energy Agency has projected that global oil supply will fall short of total demand this year. The agency attributed the shortfall to disruptions in Middle East oil production caused by the Iran war.
Lescure also addressed the rare earths market, stating that the market needs to be organized to prevent any single country from holding a monopoly position.
What are the best investment opportunities in 2026?
The best investments start with better data. Going with your gut has its place, but when excitement masquerades as intuition, it can lead to costly mistakes—or analysis pa
Russian cargo ship sunk off Spain carried nuclear reactors for North Korea, probe reveals
Russian cargo ship sunk off Spain carried nuclear reactors for North Korea, probe reveals
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International Shipping News
13/05/2026
Spanish investigators have discovered that the Russian cargo ship that sank in the Mediterranean in 2024 — originally believed to be part of a weapons retrieval mission to Syria — was secretly carrying nuclear reactor components bound for North Korea.
A Russian cargo ship that sank in the Mediterranean Sea between Spain and Algeria in December 2024 following explosions in its engine room was carrying components for two submarine nuclear reactors likely destined for North Korea, an investigation has revealed.
The Ursa Major sank on 23 December with 16 crew members on board. Fourteen were rescued and brought to Spain, while two crew members — second engineer Nikitin and engineer Yakovlev — remain missing and are presumed dead.
Spanish investigators now believe the vessel may have been deliberately sunk by a Western military using a rare supercavitating torpe
Taiwan-flagged ships rank fifth in region for port inspections
Taiwan-flagged ships rank fifth in region for port inspections
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International Shipping News
13/05/2026
Ships registered under the Republic of China flag ranked a record fifth among 66 flag states inspected in the Asia-Pacific region last year, with zero detentions recorded for the second consecutive year, the Ministry of Transportation and Communications’ Maritime and Port Bureau said yesterday.
The ranking was published in an annual report released on May 1 by regional port state control organization Tokyo MOU, which placed Taiwan on its High Performance List, behind only China, Hong Kong, Singapore and South Korea.
The rankings were based on the number of port state inspections conducted and the detention rate of ships registered under each flag, the bureau said.
Under Tokyo MOU standards, a ship can be detained if the condition of a vessel or its crew does not substantially comply with applicable international conventions.
Meanwhile, Taiwan-based CR Classification Society, which p
YES Forum: From Regional Schools to Posidonia – Investing in the New Generation of Shipping
YES Forum: From Regional Schools to Posidonia – Investing in the New Generation of Shipping
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Hellenic Shipping News
13/05/2026
YES Forum continues its mission of bringing shipping closer to the younger generation through dynamic initiatives implemented across Greece as part of the YES TOUR TO SCHOOLS initiative. From Pyrgos in Ilia, Neapoli in Laconia and Karpenisi, to Thessaloniki and Hydra, and from Alexandroupoli, Orestiada, Didymoteicho and Komotini, to Chios, Oinousses, Psara and Fournoi islands, as well as Kavala, Xanthi, Patras, Rethymno, Chania and Heraklion, thousands of students and university attendees had the opportunity to discover the world of shipping through interactive presentations and direct engagement with industry professionals.
A particularly important milestone has been the integration of the YES Forum Shipping Course into the Skills Workshops curriculum for 6th Grade Primary School and 3rd Grade Junior High School students. The response from both students and
Corvus Energy and BYD Energy Storage strengthen partnership with Strategic Cooperation Agreement to Advance Next‑Generation Maritime Battery Technology
Corvus Energy and BYD Energy Storage strengthen partnership with Strategic Cooperation Agreement to Advance Next‑Generation Maritime Battery Technology
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International Shipping News
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Shipping: Emission Possible
13/05/2026
Corvus Energy AS, the global leader in zero‑emission maritime energy solutions, and BYD Energy Storage, a global leader in the energy storage sector, today signed a Strategic Cooperation Agreement (SCA) that marks a major milestone in the companies’ collaboration.
The new agreement builds on a Memorandum of Understanding (MoU) signed in December 2025, which created a long‑term framework for cooperation on next‑generation marine battery technologies. The SCA formalizes the next phase of this partnership and sets the foundation for the co‑development of next generation marine battery solutions
Advancing Maritime Battery Technology with Next‑Generation LFP
With BYD Energy Storage as one of the world’s largest battery cell manufacturers and Corvus Energy as the leading
Collins warns Fed may need to raise rates if inflation persists
Collins warns Fed may need to raise rates if inflation persists
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World Economy News
13/05/2026
Boston Federal Reserve President Susan Collins said on Wednesday the U.S. central bank may need to raise interest rates if inflation pressures do not abate.
Collins said a large part of the outlook for monetary policy comes down to how long the war in the Middle East lasts, noting that the longer the conflict goes on, the greater the risks become, particularly on the inflation front.
“While it is not in my most likely outlook, I could envision a scenario in which some policy tightening is needed to ensure that inflation returns durably to 2% in a timely manner,” Collins said in the text of a speech to be delivered to the Boston Economic Club.
Collins said that while changes in the U.S. economy have left it better placed to withstand energy shocks, the fact that the latest round of upward inflation pressures has come on top of already persistently strong price pressures changes her outlook s
U.S. and China Agree: No Shipping Tolls in Strait of Hormuz
Vessels in the Strait of Hormuz near Bandar Abbas, Iran, May 4, 2026. Amirhosein Khorgooi/ISNA/WANA (West Asia News Agency) via REUTERS
U.S. and China Agree: No Shipping Tolls in Strait of Hormuz
Reuters
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May 13, 2026
By Michael Martina
WASHINGTON, May 12 (Reuters) – Senior U.S.
An answer to many questions
An answer to many questions
gCaptain
Total Views: 0
May 13, 2026
The Damen
Fuel Flexible Tugs
range is prepared for the future –
whatever it may hold
The numerous new regulations facing the industry in recent years leave no room for doubt – the maritime energy transition is underway.
To offer just one example of many, in 2024, the EU Emissions Trading System (ETS) was further rolled out to incorporate maritime transportation. True, it’s currently only applicable to vessels over 5,000 gross tonnes. This is unlikely to remain the case for long, however.