Though the challenging market conditions in the container shipping industry continued to add pressure to Japan’s major shipping companies, turnaround seen as write-downs set to fizzle out, earnings forecasts upgraded, reports Nikkei. Nippon…
Lubeck headquartered dry bulk shipping company Oldendorff Carriers said it plans to open an office in the maritime cluster in Hellerup, Denmark by June 2017. The new office just north of Copenhagen will be headed by Oldendorff Executive & Board Director Jens Jacobsen…
The St. Lawrence Seaway Management Corporation (SLSMC) announced a toll rate increase of 2 percent for the 2017 navigation season.
Cocoa is backing up at Ivory Coast's warehouses and ports, international exporters told Reuters, saying that domestic companies have been securing export rights at auction for beans they can no longer afford. Three exporters estimated that 15…
The port of Antwerp handled over the past year 214 057 529 tons of goods. Which is 2.7 more than the previous year. Container volume up 4.1%: At 4.1% the growth in container volume is even more pronounced: after 12 months the figure stood at 117…
The dry bulk market’s strong end to 2016 is unlikely to last long into 2017, according to the latest research from Maritime Strategies International. In its latest quarterly dry bulk market report*, MSI predicts a depressed year for rates in 2017…
Diana Shipping has signed a time charter agreement with Koch Shipping Pte. Ltd, Singapore, for one of its newcastlemax dry bulk vessels. Under the agreement, Koch will employ the 208,500 dwt newbuilding, to be named San Francisco, for a gross charter rate of $11…
Similar to container vessels, bulk carriers and cruise ships, car carriers are rapidly growing in size, says a report by DNV GL. A new series of the world’s largest pure car and truck carriers sets a new standard for this segment. The…
A new study commissioned by the U.S. Treasury Department lists modernization of the locks at Sault Ste. Marie, Mich., as one of the 40 American transportation and water “megaprojects” that could bring as much as $1.3 trillion in national economic benefits…
U.S.-flag Great Lakes freighters (lakers) moved 83.3 million tons of cargo in 2016, a decrease of 4.5 percent compared to 2015, according to the Lake Carriers’ Association (LCA). The 2016 float was also 7.7 percent below the fleet’s five-year average…
The U.K.'s Portland Port said it is having a busy start to 2017 with most berths occupied. The ships that are alongside vary greatly in size, from the tug Norne, which accompanied the barge Cable Enterprise into port Monday morning, to the panamax size bulk carrier…
Since 2015 BIMCO has been collecting feedback on the performance of port terminals in order to be able to report the results to members and, ultimately, to give further guidance to ships. BIMCO has received over 400 feedback reports from…
The multipurpose shipping market will see the first signs of recovery by the end of 2017, following in the steps of the dry bulk and container shipping markets, according to the latest Multipurpose Shipping Market Review and Forecaster report published by global shipping consultancy Drewry…
Operating cost movements are central to shipping’s fortunes. Shipping has certainly lived up to its reputation for volatility during the past twelve months. The quarterly Moore Stephens Shipping Confidence Survey showed industry confidence…
Shipments of limestone on the Great Lakes totaled 26.3 million tons in 2016, a decrease of 9.3 percent compared to 2015, reported Lake Carriers’ Association (LCA). Loadings in 2016 were also 5.3 percent below the trade’s five-year average. Loadings from U…