Shippers trying to minimise time in the Middle East after oil tanker attacks pushed up insurance costs are scaling back purchases of marine fuels from the United Arab Emirates' (UAE) Fujairah oil hub, trade sources said.Instead, they are turning primarily to Singapore…
The Baltic Exchange's main sea freight index rose on Wednesday, driven by demand for capesize and panamax vessels.The Baltic index, which tracks rates for ships ferrying dry bulk commodities, rose 2.6%, or 53 points, to 2,064, its highest since January 2014…
British Prime Minister Theresa May will meet with Gibraltar's Chief Minister Fabian Picardo later on Wednesday to discuss the detained Iranian oil tanker Grace 1, a spokesman for May said.The tanker was seized earlier this month by British Royal…
Chinese customs is no longer permitting coal cargoes to enter the country at the ports of Jingtang and Caofeidian, said three coal traders, who were told by customs officials of the halt on Tuesday.Customs officials at the port of Jingtang, one of China's biggest coking coal import points…
Shipping companies are hiring unarmed security guards for voyages through the Middle East Gulf as an extra safeguard after a wave of attacks in the region, security companies involved said.Relations between Iran and the West are increasingly…
U.S. officials say they are unsure whether an oil tanker towed into Iranian waters was seized by Iran or rescued after facing mechanical faults as Tehran asserts, creating a mystery at sea at a time of high tension in the Gulf.The MT Riah disappeared…
The American/British-owned German cruise line AIDA Cruises announced that it is planning the first practical trial of fuel cells (battery power) aboard an AIDA ship by 2021.The trial will take place in cooperation with Meyer Werft within the…
Norwegian shipping and tank terminal company Odfjell SE has finalized the sale of its indirect 55% equity stake in Odfjell Terminals Jiangyin (OTJ), China.Reference is made to the stock exchange announcement of May 8th, 2018, in which Odfjell…
AIDA Cruises, the German brand of Carnival Corporation & plc, informed that it is planning to commission two more LNG-powered ships with low-emission propulsion by 2023.AIDA has already been engaging in research into and development of the use of LNG in the cruise industry for over 10 years…
Global trade association Interferry and Mercy Ships today announced that Interferry will support Mercy Ships, an international charity with the mission to increase access to healthcare in developing nations through a fleet of hospital ships…
Dachser recently announced that newly acquired Ireland-based Johnston Logistics Ltd. will officially launch as Dachser Ireland Ltd. and be fully integrated into the Dachser network by September 2019. Expanding its footprint into the Irish market…
The Port of Indiana-Burns Harbor will host Indiana’s first U.S. Navy vessel commissioning ceremony when it commissions the USS Indianapolis littoral combat ship on Saturday, Oct. 26 at its facility on Lake Michigan.The commissioning of USS Indianapolis will mark the fourth time a U…
With manufacturing of the much-anticipated CXO300 diesel outboard set to commence this year, Cox Powertrain has announced new management appointments to further strengthen its technical leadership team ahead of production. Head of Quality, Alex Degnen and Technical Director…
On Tuesday morning (16th July) the cruise ship “Marella Explorer” berthed in the port of Kiel with 2,000 mostly anglophone passengers on-board. The vessel follows an itinerary of 14 days leading it all across the Baltic Sea. It started in Newcastle…
Intellian signed a strategic partnership with Hyundai Global Service (HGS), a subsidiary of the shipbuilding company Hyundai Heavy Industries (HHI) group, on July 15 at Centum Science Park in Busan, Korea.As the first step of the cooperation…