The Baltic Exchange's main sea freight index climbed on Friday to post its best weekly gain since mid-February thanks to higher demand for capesize vessels.The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities…
Global port operator DP World on Thursday said the near-term trading environment was positive as it reported a 10.2% increase in first-quarter shipping containers volumes.The Dubai state-owned company handled 18.9 million shipping containers in the January-March period…
The RUSCON Group, a Russian container cargo transhipment and railway transportation service provider, has expanded its presence in Europe with the opening of new subsidiary in Rotterdam, the Netherlands. The new Dutch company, Smartcontainer B…
In announcing its 2021 Q1 interim financials, Wärtsilä said that while order intake is stable, COVID-19 continues to burden net sales and profitability. Looking ahead, while it sees near-term demand as 'somewhat better', it noted that visibility…
Eastern Shipbuilding Group, Inc. (ESG) announced that Lance C. Lemcool has accepted the position as vice president of commercial sales and marketing. “Lance is a welcome addition to the ESG leadership team”, said Joey D’Isernia, president of Eastern Shipbuilding…
Francois Mayor nudged back on the power and made a subtle adjustment on the wheel as he coaxed his cargo vessel through a narrow point in the Suez Canal—not the Egyptian one, but a replica in the middle of a French forest.This stretch of water…
The Baltic Exchange's main sea freight index surged to its highest in over a decade on Wednesday, powered by a jump in the larger capesize vessel segment on increasing iron ore shipments from Brazil.The Baltic dry index, which tracks rates for capesize…
Kishorn Port's proposal to extend the port’s dry dock has received approval from The Highland Council.'This is a further and significant step in the regeneration of the port and dry dock,' Kishorn Port, located on the North West coast of Scotland…
The United States will join an international effort to achieve zero emissions by 2050 in the global shipping industry, climate envoy John Kerry announced ahead of a summit of world leaders President Joe Biden will host this week.'We're going to look to the ocean to continue to help reduce pollution…
Global commodity prices are expected to stay firm around current levels in 2021 after recovering in the first quarter buoyed by strong economic growth, the World Bank said on Tuesday.Energy prices are expected to average more than one-third higher this year than 2020…
SQLearn and Moore Greece have teamed up to create online training programs in a wide range of subjects related to administration, financial management and regulatory compliance of shipping companies.SQLearn, a Greek company located in Piraeus…
Shippers and carriers will soon have more flexibility in meeting service contract filing requirements as the result of a rule change approved by the U.S. Federal Maritime Commission (FMC) going into effect on June 2, 2021.The final rule amends…
Marine and offshore services provider James Fisher and Sons on Tuesday announced the appointment of Duncan Kennedy as Chief Financial Officer and as an Executive Director with effect from May 4, 2021, when he will join the Board.Group Finance…
Newly launched SSY Futures Ltd announced it has completed its first Handysize 38,000-dwt FFA trades on both the Singapore Exchange (SGX) and European Energy Exchange (EEX) for the April and May contracts.Mark Douglas who is leading the new contract from SSY Futures FFA team…
The UK Secretary of State for Transport has appointed Christopher Rodrigues CBE as the new Non-Executive Chair of the Maritime and Coastguard Agency (MCA), the government agency responsible for preventing the loss of life on the coast and at sea…
