The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, made minor gains on Thursday on higher rates for the panamax and smaller vessel segments. The overall index, which factors in average daily earnings of capesize…
Egypt expects a planned economic zone near the Suez Canal to eventually make up about a third of Egypt's economy, the country's investment minister said on Thursday. Egypt plans to build an international industrial and logistics hub near the canal to attract foreign investment…
Dan-Bunkering (Singapore) Pte. Ltd. has employed Jason Tan as project manager effective from February 2015.Tan who holds a Master in Business Administration will assist the Singapore office with strategic planning and sales optimization…
KPI Bridge Oil has promoted Sam Groves to senior bunker and lubricants trader at its London office. Groves, who is currently working toward his Institute of Chartered Shipbrokers qualification, has been with KPI Bridge Oil Group for six years…
The European shipping industry contributed an estimated €147 billion to the EU’s GDp in 2013, according to a recent study The European Community Shipowners' Association (ECSA) presented the results of a recent update of the Oxford Economics…
Personal friendships are turning sour as some workers cross picket lines in the lingering U.S. refinery strike, with companies pushing laborers to return to work by saying they could lose their bonuses.A month into the biggest U.S. refinery walkout in 35 years…
Looking ahead to 2020 and beyond, both maritime and inland waterways will be under ever increasing pressure, as we use them for transport, recreation and commercially. At European Shipping week, Dr Pierre C. Sames, Chairman of the European…
The Ash Center for Democratic Governance and Innovation at the John F. Kennedy School of Government, Harvard University, recognized the Port of Houston Partners in Maritime Education as part of the 2015 Bright Ideas program. This year's cohort…
Dan-Bunkering (Middle East) DMCC has announced that Anders Boennelykke has been appointed bunker purchaser with immediate effect. “We are seeing a positive growth in demand and we are confident that this new initiative will bring further…
A record 9.8 million passengers are using the River Thames, two years on from the launch of the Mayor's River Action Plan, it was announced today.The River Action Plan, launched in February 2013, details a host of measures designed to…
Mining firms aim for simplification rather than growth; Rio's coal division worth at least $3.6 billion-Jefferies.In its latest effort to slash costs as commodity prices fall, Rio Tinto is letting go its energy chief and rolling its coal and uranium businesses into two other units…
In response to the hardship experienced by local communities following Cyclone Marcia, BHP Billiton Sustainable Communities (BSC) today donated A$250,000 to the Salvation Army to provide much needed support to those affected.The funding…
Singapore Technologies Engineering Ltd reported today its full year financial results ended 31 December 2014 (FY2014) with a Group revenue of $6.54b compared to $6.63b as reported for FY2013. Profit before tax (PBT) of $650.7m was $79m or 11% lower year-on-year compared to $729…
DryShips Inc. and through its majority owned subsidiary, Ocean Rig UDW Inc., of offshore deepwater drilling services, today announced its unaudited financial and operating results for the fourth quarter ended December 31, 2014.Fourth Quarter…
The Coast Guard Foundation, a non-profit organization committed to the education and welfare of Coast Guard members and their families, announced today that it has kicked off its scholarship season. Accepting applications until March 15th…