The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, dipped 2 percent on Thursday, weighed down by weaker demand for capesize and panamax vessel segments.The overall index, which factors in rates for capesize…
International accountant and shipping consultant Moore Stephens says total vessel operating costs in the shipping industry are expected to rise by 2.7% in 2018 and by 3.1% in 2019, according to our latest survey.Responses to the firm’s latest…
The new partnership places CMA CGM as a long-term strategic partner through a reinforced industrial project.CMA CGM has been CEVA Logistics’ reference shareholder since its listing on the SIX stock exchange in May 2018. CMA CGM signed a new relationship agreement with CEVA on Wednesday…
Hurtigruten continues to push the borders for green travel – and orders new, groundbreaking hybrid powered expedition cruise ship.Hurtigruten, an expedition cruise operator, has signed a memorandum of understanding with Norway’s Kleven Verft…
The Finnish shipping company ESL Shipping and Hamburg based Nauticor GmbH & Co. KG have signed a long-term contract for the supply of Liquefied Natural Gas (LNG) in the port of Oxelösund. The contract contains the provision of the environmental…
Car carrier shipping is expected to continue its recovery from the trough of 2016, supported by improving utilization.But increasing localisation and the threat of trade wars will slow finished vehicle cargo growth, while carrier operational…
Chinese investment by the Shanghai Lingang Overseas Development in the port of Zeebrugge was officially signed in Brussels by Liu Jiaping, Chairman of Lingang, and Coens Joachim, CEO of Port of Zeebrugge.The agreement was signed in the presence…
Russia's energy major Rosneft and US ExxonMobil plan to build a liquefied natural gas (LNG) plant in a consortium with Indian and Japanese partners, spreading the estimated $15 billion cost, Reuters reported.The report said that the LNG production…
Australia's WorleyParsons has entered into a binding agreement to acquire US contractor Jacobs Engineering's Energy, Chemicals & Resources (ECR) division, a leading global technical services provider across Hydrocarbons, Chemicals and Mining & Minerals…
European Commission’s competition regulators has approved CMA CGM acquisition of Container Finance, the holding company that controls regional container operator Containerships.CMA CGM, the world’s fourth largest carrier by capacity, agreed…
The UK Chamber of Shipping said that the UK Government’s plans to charter in ships to bring in supplies in an event of a No-Deal Brexit would not help.Responding to reports that Government may charter ships in the event of a No-Deal Brexit,…
Throughput continues to register growth in the Port of Antwerp. After record semi-annual figures, the total throughput after nine months stands at 177,026,550 tonnes – a sharp 6% increase compared with the same period last year.A press release from the company said that with these results…
Middlesbrough, UK headquartered PD Ports has launched a second rail service connecting Teesport direct with Scotland opening up further opportunities to connect global importers and exporters with the north of the UK.The new service, operated by DB Cargo…
Port of Vinton officials announced that dredging operations near the mouth of the Vinton Navigation Channel has been completed.Magnolia Dredging of Mandeville, La., was the contractor on the $1.098 million maintenance dredging project that removed more than 21…
Specialized global maritime payments provider ShipMoney has announced a series of high level appointments to its European operations team.Roula Zachariou joins the ShipMoney team as Vice President of Business Development and Client Management…