The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodities, inched lower on Wednesday on weaker demand for panamax vessels.The Baltic index, which reflects rates for capesize, panamax and supramax vessels…
The first ULSTEIN X-BOW polar cruise vessel, ‘Greg Mortimer’ is about to set off for her first Antarctica expedition, and will cross the notorious Drake Passage on November 1. The X-BOW feature reduces the slamming in head seas. This was proven on the vessel’s transit from China to Argentina…
United States Marine, Inc. (USMI) and Brunswick Commercial and Government Products (BCGP) are pleased to announce they have entered into a Memorandum of Understanding to explore potential business opportunities.USMI and BCGP have a history of…
A.P. Moller - Maersk alongside with Wallenius Wilhelmsen, BMW Group, H&M Group, Levi Strauss & Co. and, Marks & Spencer to explore LEO - a blend of lignin and ethanol - that could be part of the future solution for sustainable shipping.From the phone…
After 26 years with Volvo and 7 as President of Volvo Penta Americas, Ron Huibers has decided to retire from his current role and move to another role within Volvo Penta. Succeeding Ron will be Martin Bjuve, currently CFO and SVP Business Office Volvo Penta…
Poland's state-run gas firm PGNiG has started the tender process to charter liquefied natural gas (LNG) tankers for its new imports of the super-chilled fuel, a senior company official said on Wednesday.The company currently imports most of the gas it sells to its customers from Russia's Gazprom…
Danish wind developer Ørsted A/S will enter into exclusive negotiations for Public Service Enterprise Group (PSEG) to potentially acquire a 25% interest in the proposed 1,100-MW Ocean Wind project.Subject to negotiations toward a joint venture agreement…
Seafast Marine has named its renewables service vessel (RSV) Isle of Jura at Damen Shipyards Hardinxveld in The Netherlands.Isle of Jura is a newbuild vessel, constructed at Damen Shipyards Hardinxveld, and is the second vessel built to a new Damen Renewables Service Vessel design…
India and Saudi Arabia have decided to expand its ‘energy relationship’ into next phase to include Saudi partnership in building additional crude oil storage reserves in India, a new refinery on the west coast of India and investment in retail sector in petroleum…
Taiwanese ocean shipping company Yang Ming Marine Transport Corporation said that encouraged by the steady economic growth and foreign trade in between Indonesia, Singapore, Malaysia and Thailand, it continues to enhance its Southeast Asia…
UK Chamber of Shipping has called for more hybrid ferries as part of tackling climate change.UK Chamber of Shipping Chief executive Bob Sanguinetti visited Wightlink in Portsmouth where he was shown their state-of-the-art hybrid ferry.Victoria of Wight…
Port of Long Beach (PoLB) informed that the Long Beach Board of Harbor Commissioners voted unanimously to promote Heather Tomley, a widely respected Southern California leader in environmental improvement programs, to Managing Director of Planning and Environmental Affairs for the Harbor Department…
The Containership market has been showing some significant gains across both earnings and values, particularly in the Post Panamax and New Panamax segments, says VesselsValue.The US China trade war has had a negative impact on vessel demand…
U.S. sanctions on a top Chinese shipping fleet is set to produce a totally unintended result -- less burning of the dirtiest marine fuels at sea at the start of next year, Refinitiv data showed on Tuesday.The move to blacklist ships from COSCO on Sept…
Belgian tanker operator Euronav expects to complete preparations on its fleet in coming weeks ahead of tougher rules next year limiting sulphur emissions from ocean-going vessels, a company executive said on Tuesday.Ship owners must cut emissions by reducing the sulphur content in fuel to 0…