Capesize dry bulk earnings break record on the back of strong 2021 startAs daily earnings for the largest of the dry bulk ship types reached $28,520 on Friday, April 16, a 10-year-high was attained. However, whereas Fridays’ daily average time charter equivalent earnings (TCE) are seasonally strong…
Libya's National Oil Corp (NOC) declared force majeure on Monday on exports from the port of Hariga and said it could extend the measure to other facilities due to a budget dispute with the country's central bank.Daily lost income 'may exceed 118 million dinars ($26 million)'…
ABS and Rainmaking are teaming up to support entrepreneurs with maritime decarbonization technologies in the world's top shipping hub.ABS’ marine and offshore industry experience combined with Rainmaking’s register of decarbonization focused…
Flensburger Schiffbau-Gesellschaft (FSG) is expanding its management team further: in April, Carsten Treuer starts as Head of Operations and Bernd Liedtke as Head of Sales.“I am very much looking forward to working with these two shipbuilding specialists…
The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodities, rose to 1-1/2-year peak on Monday as demand improved across vessel segments.The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels…
APM Terminals Pipavav secured PIC 2, a new weekly service from Port Pipavav to Jebel Ali marking seamless weekly connectivity to Jabel Ali. The new service is scheduled to reach Pipavav on every Wednesday through the ports of Jebel Ali, Kandla…
Huntington Ingalls Industries (NYSE:HII) hosted commencement exercises on Saturday, April 17, 2021, for 154 graduates of the company’s Apprentice School at Newport News Shipbuilding. Due to the COVID-19 environment, and in an effort to keep all employees…
The International Association of Classification Societies has named Lloyd’s Register CEO Nick Brown as its Incoming Council Chair.Brown will take up the role on July 1 this year, marking the first time that the IACS Chair has been chosen by the Association’s Members and not by rotation…
While the sea is vital to the European economy, it can also be a haven for criminals and terrorists. Threats in the maritime domain include piracy, trafficking of drugs and arms, illegal immigration, illicit trade, illegal fishing, and environmental crimes…
The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodities, rose to its highest level since September 2019 on Thursday as demand strengthened across vessel segments.The Baltic dry index, which tracks rates for capesize…
Longer sailing distances cushion fall in US crude oil exportsTon mile demand generated by US crude oil exports has fallen by 9.7% in the first two months of 2021 compared with the start of 2020. The fall could however have been much worse; In volume terms…
The Panama Canal Authority (ACP) announced Tuesday that it will postpone increasing canal transit fees following calls from the shipping industry to reconsider the rate hikes amid a spate of global supply chain disruptions.The higher rates for…
Jacksonville Mayor Lenny Curry has appointed Memorial Hospital President and CEO Bradley S. Talbert, FACHE to JAXPORT’s Board of Directors. Talbert’s appointment was unanimously approved by the Jacksonville City Council on April 13.An experienced healthcare executive and civic leader…
The six-day blockage of the Suez Canal by the Ever Given has resulted in numerous trade and supply chain disruptions for businesses that depend on timely shipments. At least 400 cargo ships were stuck and many forced to reroute. Businesses may…
Maersk's towage arm Svitzer announced it has opened a new Americas regional headquarters in Panama City.Svitzer said it decided early last year to relocate its Americas headquarters from Miami, U.S. to Panama and move into the Panama Design Center…
