Oil prices jumped about 6% on Wednesday after a ship ran aground in the Suez Canal, and worries that the incident could tie up crude shipments gave prices a boost after a slide over the last week.The crude benchmarks, U.S. crude and London-based Brent…
The owner and insurers of one of the world's largest container ships stuck in the Suez Canal face claims totaling millions of dollars even if the ship is refloated quickly, industry sources said on Wednesday.The 400-metre, 224,000-tonne Ever…
The year 2021 has started in much the same way as 2020 ended for U.S. container imports; import volumes are still surging. As per usual seasonality, volumes came down a little in January and February, though this year the drop wasn’t as steep as usual…
Asia's first ship-to-containership liquefied natural gas (LNG) bunkering operation was undertaken in Singapore on Wednesday as vessel owner and operators continue to turn to the cleaner burning fuel to reduce their emissions and Singapore ramps up its efforts to become an LNG bunkering hub…
Seafarers' lack of access to vaccinations is placing shipping in a 'legal minefield', while leaving global supply chains vulnerable, warns the International Chamber of Shipping (ICS).The organization is planning to circulate a legal document…
Cruise ships moored in the Maltese port of Valletta will soon be able to plug into the island's energy grid, drawing the power they require to be fully operative without having to keep their diesel engines running. Nidec ASI, head of the Nidec…
2020 presented a monumental challenge for many industries and workers, particularly seafarers, as COVID-19 effectively left hundreds of thousands of seafarers stranded at sea, unable to disembark and partake in crew changes due to onerous restrictions by the majority of port states…
A new on-demand service for movies, news and information has been built and launched for mariners working on board the typical deep-sea merchant vessels.While crew welfare in the form of modern IPTV entertainment is now part of the expected in some maritime segments…
Soy and sugar traders are fighting for room in Latin America’s largest port, rushing to secure loading slots as the slowest Brazilian soy harvest in 10 years pushes the grains export window into the sugar season.Congestion was hitting Brazil’s…
The Jacksonville Port Authority (JAXPORT) in Northeast Florida and Volusia County in Central Florida have signed a Memorandum of Understanding (MOU) that establishes a working relationship to promote each other’s geographical and business advantages…
The Baltic Exchange's main sea freight index tracking rates for ships ferrying dry bulk commodities scaled an over one-year peak on Monday, propelled by higher rates across vessel segments, with panamax rates touching an over 10-year high.The Baltic dry index…
Singapore port operator Jurong Port has completed its acquisition of a stake in a major oil storage terminal in the city-state from the family behind collapsed oil trader Hin Leong Trading Pte Ltd, a port spokesman said on Saturday.The spokesman…
Coal deliveries to Australia’s Port of Newcastle, the world’s biggest coal export port, have been halted because flooding in the Hunter Valley region has shut rail lines, with heavy rains also slowing ship movements at the port.Heavy rains along…
U.K.-based Windship Technology said its board of directors has confirmed the appointment of Graham Harvey as chief executive officer. Harvey's remit will be to convert the progress that has been made in the overall Windship Technology auxiliary wind power system and to commercialize the proposition…
U.S. liquefied natural gas (LNG) exports are on track to hit record highs in March as tumbling shipping rates and lower prices than in Europe and Asia continue to attract buyers.The amount of gas flowing to U.S. LNG export plants has averaged 10…
