Today, Dryad Maritime release the Dryad Maritime Country Risk Map, an online risk portal that has been specifically designed to help commercial teams, CSOs, ship owners and managers optimise their maritime security strategies and identify new…
With 12 weeks of 2016 behind us, the dry bulk market is still looking bleak. As the current low demand for transportation of commodities continues, the market is doing what it can by scrapping old ships and restraining from ordering new ones…
SCF Group (PAO Sovcomflot) reported steep jump in their net profit to USD 354.5 million from USD 83.9 million in the earlier year. Its gross revenue increased by 7.6 per cent to USD 1,483 million (2014: USD 1,378 million) and its time charter equivalent revenue rose by 18…
A 623-foot Panamanian-flagged bulk carrier Sparna ran aground early Monday morning in the main shipping channel of the Columbia River near Cathlamet, Washington, according to the U.S. Coast Guard. The Sparna has taken on water in void spaces…
With around 80 per cent of global trade by volume and over 70 per cent of global trade by value carried by sea, and with these shares being even higher in the case of most developing countries, maritime transport, including liner shipping,…
Trelleborg’s marine systems operation hosted an exclusive one-day seminar for port authorities and consultants in partnership with the company’s exclusive agent for Greece, Seamark Marine on 1st March at the Metropolitan Chandris Hotel in Athens…
The HOYER Group, a leading bulk logistics providers, has appointed GAC as its official agency partner in 17 countries in the Middle East, Indian Subcontinent and Africa. A traditional independent family business since 1946, HOYER is one…
What should have been acceptable ship utilisation figures last year didn’t prevent spot rates from falling to historic lows. Carriers will need to intensify their capacity management tactics in 2016 if they are to reverse the trend. The…
The Philippines said on Saturday it had seized a North Korean freighter that was covered by harsher United Nations' sanctions against Pyongyang over its nuclear programme.Manila will also deport the vessel's 21 North Korean crew and will await a U…
Commodities trader Cargill has appointed a new head of its shipping business, weeks after announcing it would close its London freight unit amid a worsening global seaborne market. The dry bulk sector, which transports commodities such as coal and grain…
Radio Holland delivers NavCom and VSAT on four special newbuild vesselsNavCom and On Board ICT specialist Radio Holland informs it has booked multiple orders in a challenging newbuild market. The company was awarded contracts to deliver and…
Volatile markets currently prevent Danish shipping firm Torm from going through with a planned stock market listing in the United States, but the company still aims to do so later this year, it said on Thursday. 'Right now, it doesn't seem like the most obvious time to go through with this (a U…
Euroseas Ltd, a Greece-based shipping company, took delivery of its newbuilding Kamsarmax dry bulk carrier Xenia and entered into a two-year time charter for its container carrier Evridiki G. The M/V Xenia was delivered from the China-based Jiangsu Yangzijiang Shipbuilding Co…
Members of the Singapore Shipping Association (SSA) have read with interest the recent announcement by the Singapore Exchange Ltd (SGX) in its bid to acquire the Baltic Exchange. Mr Esben Poulsson, President of SSA said: “We understand that for some time…
Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Juinchiro Ikeda) today announced plans to establish two new business units — the Dry Bulk Business Unit and the Energy Transport Business Unit and restructure its dry bulk business divisions — effective April 1…