Shipping confidence held steady in the three months to end-February 2017, according to the latest Shipping Confidence Survey from international accountant and shipping adviser Moore Stephens. In February 2017, the average confidence level expressed by respondents was 5…
Rising exports have thrown a lifeline to U.S. shale producers and refiners, giving them an additional outlet at a time when the domestic market has been at risk of becoming saturated.The United States exported record quantities of natural gas…
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, snapped a 14-session winning streak on Tuesday as rates for larger vessels fell.The overall index, which factors in rates for capesize…
Workers at Greece's second-biggest port, Thessaloniki Port, will walk off their job for a few hours on Wednesday to protest the port's sale, a key condition of the country's international bailout. The sale was launched in 2014 but has been plagued by delays and political resistance…
South Korea’s Samra Midas Group (SM Group) said that it is looking to acquire some overseas shippers, among other businesses in an effort to expand its foothold in the maritime sector, Yonhap News Agency cited one of the company’s officials…
Dubai-based port and terminal operator DP World announced strong financial results from its global portfolio for the twelve months ending 31 December 2016, despite “significant challenges” in the industry. On a reported basis, revenue grew 4…
Oilfield services firm Ezra Holdings of Singapore filed for U.S. Chapter 11 bankruptcy at the weekend, blaming a prolonged slump in the energy industry, Reuters reported. Ezra has been facing hostile actions from creditors at home and abroad…
BAE Systems will perform ship alternations and miscellaneous repairs aboard the 567-foot-long USS Vicksburg (CG 69) under a $42.9 million U.S. Navy contract. The value of the competitively awarded contract could reach $45.9 million if all options are exercised…
Tsakos Energy Navigation (TEN)'s growth has continued unabated in 2017 with the delivery of one VLCC, the Hercules I, one aframax tanker the Marathon TS and the shuttle tanker Lisboa, currently all under long-term employment to solid counterparties…
Coalition for America’s Gateways and Trade Corridors executive director Elaine Nessle comments on the U.S. Department of Transportation’s funding under President Trump’s Fiscal Year 2018 Budget Blueprint. The Coalition for America’s Gateways…
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose to a fresh over three-month peak on Friday as capezise rates rallied. The overall index, which factors in rates for capesize, panamax…
German container shipper Hapag-Lloyd on Friday postponed the completion date for its takeover of United Arab Shipping Company (UASC) to May 31 from March 31, but said the deal, worth 7 to 8 billion euros ($7.52-8.60 billion), was not at risk…
CMA CGM, a leading worldwide shipping group, and le Carburateur, an incubator for small companies in the Marseille Northern Area in France, team up to stimulate entrepeneurship and job creation in the city. Under the guidance of Rodolphe Saadé…
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose to an over three-month high on Thursday, buoyed by a surge in capesize vessel activity. The overall index, which factors in rates for capesize…
Jawaharlal Nehru Port Container Terminal (JNPCT) handled 14,29,936 TEUS of cargo till March 7 as compared to 14,29,277 TEUs, registering a growth of 7.6 per cent. 'JNPCT, one of the four terminals at JNPort which is directly managed by Port authority…