The Baltic Exchange's main sea freight index, which tracks rates for dry-bulk carriers, hit a more than two-year high on Wednesday as rates for panamax vessels rose.The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels…
Venezuela's state oil company PDVSA said on Wednesday a spill at its main exporting port Jose had been halted without any impact on crude shipments from the terminal.'Operations of production and shipment of crudes from the Hugo Chavez Orinoco…
Freightos, a logistics technology company bringing freight online, has announced the completion of a $25 million Series B extension round, led by GE Ventures, with participation by additional investors that bring the company’s total funding to $50 million…
Nakilat held its bi-annual Fleet Officers Meeting (FOM) from March 27-28, 2017 at the InterContinental Hotel in Doha, Qatar. Held in Qatar for the first time, the event was attended by about 50 Officers from Nakilat’s LNG and LPG fleets…
Following another poor year for multipurpose shipping with further erosion of rates making it the worst market in over 10 years, signs of recovery are now evident with momentum expected to build over the next few years, according to the latest…
Carriers are integral to the supply chain; shippers should review their options with all ocean carriersCommissioner William P. Doyle of the Federal Maritime Commission issued the following statement today, Agreement to go into effect March 30…
Scotland’s deepest container terminal expects to double its business in the next five years thanks to the opening of £400million ‘sister’ terminal – Liverpool2. Owned by Peel Ports, Greenock Ocean Terminal – recognized across the world for…
A merger of Hapag-Lloyd and United Arab Shipping Company (UASC) has hit a snag, with the German shipping line and some banks seeking assurances that UASC's top shareholder Qatar remain committed to the deal for the long term, sources say.Hapag…
The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, continued its gaining streak on Tuesday with a fresh more-than-two-year high, driven by strong demand for large iron ore vessels.The overall index…
A.P. Moller-Maersk's new chairman committed to automating its systems as the oil and shipping group steps up its drive to become more efficient and save costs at a time of low oil prices and declining freight rates.The more than 100-year-old conglomerate's digital push will mean that in theory…
Greencarrier Freight Services, one of the Nordic region’s largest privately owned companies specializing in global transport solutions, has appointed Johan Jemdahl as CEO.Jemdahl has wide experience in production and supply chain management…
The CMA CGM Group and PSA have kicked off the second phase of their container terminal joint venture in Singapore. Officiating the event were François Hollande, President of the French Republic, and Khaw Boon Wan, Coordinating Minister for Infrastructure and Minister for Transport…
In order to streamline the Port Authority's technical and nautical departments and improve the service to customers, these departments are being centralised to form a joint cluster. Three large new facilities will be set up at the site…
DryShips Inc. has entered into agreements with unaffiliated third parties to acquire four Newcastlemax bulk carriers of approximately 206,000 DWT and with an average age of 3 years. The company expects to take delivery of the vessels before the end of June 2017…
Malini Dutt, Robert Feng and Martin Hubenack have recently been appointed to represent the port of Antwerp in India, China and Eastern Europe respectively. This brings the number of port representatives to 12, reinforcing Antwerp's presence…