According to UKHO, 72 percent of cargo ships over 20,000 gross tonnage are ECDIS ready, following deadline on July 1, 2017; 9,680 cargo ships over 20,000 gross tonnage using an ENC serviceAlmost three-quarters of cargo ships over 20,000…
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Tuesday to snap an eight-day losing streak, boosted by improved rates across all vessel segments.The overall index, which factors in rates for capesize…
The management of the new company, Ocean Network Express Holdings (ONE) - the joint venture between three Japanese shipowning societies Kawasaki Kisen Kaisha ('K' Linens), Mitsui O.S.K. Lines (MOL) and Nippon Yusen Kaisha (NYK) was unveiled…
Shipments of limestone on the Great Lakes totaled 3,455,019 tons in June, a decrease of 7.3 percent compared to a year ago, the Lake Carriers’ Association (LCA) reported. June’s loadings were also 8.9 percent below the month’s five-year average…
Commenting on the outcome of last week’s meeting of the International Maritime Organization (IMO) Marine Environment Protection Committee (MEPC), the International Chamber of Shipping (ICS) – which represents the world’s national shipowners’…
Chinese Shipping Major Cosco Group has agreed in principle to buy its shipping rival and Hong Kong’s No. 1 box mover, Orient Overseas Container Line (OOCL), in deal that could be valued around USD 6.3 billion. The takeover will catapult…
Bahri Logistics, one of the top 10 breakbulk carriers in the world and one of the six business units within Bahri, has added Alexandria to its portfolio of ports in Egypt. The addition of Alexandria will enable Bahri to offer breakbulk…
Bulgaria and Greece agreed to expand Multimodal Freight Corridor Between Black Sea, Aegen Sea and Dunabe. Bulgarian Minister of Transport, Information Technology and Communications Ivaylo Moskovski and Greek Minister for Infrastructure…
Pilbara Ports Authority (PPA) has delivered a record annual throughput of 668.5 million tonnes (Mt) for the 2016/17 financial year. This is an increase of 35Mt or 6% from last year’s annual throughput. In June 2017, PPA achieved a total monthly throughput of 55…
Asia CEO said ports have resumed releasing cargo; will discuss settlement, liability issues with customers. Maersk said it was too early to predict the financial impact of last month's global Petya cyber attack that hit the shipping giant's computers and delayed cargoes…
The EU is ignoring the risk of Brexit to European ports, the UK Chamber of Shipping has said. Hard border controls will lead to increased bureaucracy and will threaten prosperity. The Chamber warns that the return of border controls would lead to increased bureaucracy…
Direct services between Asia and the East Coast of South America will begin port calls at APM Terminals Buenos Aires, Argentina, and APM Terminals Itajaí, Brazil. The joint service deployed by Hapag-Lloyd, NYK, ZIM, Hyundai and Hamburg…
The Port of Milford Haven announced the appointment of Chris Martin as its new Chairman. Martin has been appointed by the Secretary of State for Transport and will take up the post on August 1, 2017. Born and bred in Pembrokeshire Martin…
Nakilat has assumed full ship management and operations of Q-Flex liquefied natural gas (LNG) carrier Al Sheehaniya from STASCo (Shell Trading and Shipping Company Ltd.) with effect from July 6, 2017, as part of the planned and phased transition announced on October 19…
Australia has revised down the value of its resources and energy export earnings in the year to end-June 2017 by 4.6 percent, or nearly A$10 billion ($7.6 billion), due largely to falling prices for iron ore, its most valuable export.The…