India's state-owned companies can now make their own shipping arrangements of both dry and liquid bulk cargo without having to route their requirements through the Shipping Ministry. The Cabinet Committee on Economic Affairs (CCEA) has…
Asia to Northern Europe shipping freight rates for transporting containers jumped by 177.3 percent to $1.109 per 20-foot container (TEU) in the week ended on Friday, reports Reuters, quoting data from the Shanghai Shipping Exchange. As…
The Port of Halifax, Nova Scotia, may be getting a new lease on life with the arrival on August 3 of the CMA CGM Vivaldi at Halterm International Container Terminal. The 8478-TEU, 334-metre long Vivaldi is the largest container vessel to berth at Halterm and on Canada’s East Coast…
According to data from the International Chamber of Commerce’s International Maritime Bureau, pirate attacks in Southeast Asia hit a 12-year high in the first six months of 2015. Indonesia suffered 54 attacks, the highest tally since 2003…
The port commissions of Seattle and Tacoma voted unanimously to form the Northwest Seaport Alliance, unifying the longtime rivals’ marine cargo divisions. The alliance aimed at helping the former rivals stave off growing competition, and regain market share…
The Chinese Foreign Minister Wang Yi said China hopes to connect its 21st-century Maritime Silk Road with the ASEAN Community, reports the state news agency Xinhua. China and the Southeast Asian countries were linked with each other by the ancient maritime Silk Road in history…
Taiwan’s Evergreen Marine Corp. has authorized one of its huge container ships to berth at Shahid Rajaei port in southern Iranian province of Hormozgan, reports Press TV. Ebrahim Idani, director general of Hormozgan Ports and Maritime Department…
Solo kitesurf along East Africa coast in aid of Mission to Seafarers and Adeso. Pacific Basin shipping executive Jacob Bliksted Sørensen has begun his 1,000km kitesurf challenge between Mozambique and Somalia, in aid of Mission to Seafarers and Adeso (African Development Solutions)…
Captain Claus Hyldager yesterday decided to step down as the Chief Executive Officer of Inchcape Shipping Services (“ISS”). The current Chief Financial Officer, Chris Whiteside, has been appointed as acting Chief Executive Officer. Captain…
Bernhard Schulte Shipmanagement (BSM) has recently announced the appointment of a new Chief Financial Officer, Sebastian Graf von Hardenberg. Responsible for the organization’s global financial operations, he is based in Limassol, Cyprus.Graf…
Federal Maritime Commission Chairman Mario Cordero announced that the Commission has completed compromise agreements recovering a total of $1,227,500 in civil penalties. The agreements were reached with seven non-vessel-operating common…
Koole Terminals has begun operations at the storage facility for petrol and diesel in Pernis that it recently acquired from BP. The companies have a long-standing relationship. The newly acquired terminal is adjacent to the existing Koole terminal…
The Panama Canal Authority closely monitors the water levels of Gatun and Alhajuela lakes on a regular basis due to the importance that these resources have for transit operations.With the onset of the 'El Nino' phenomenon, great efforts…
The slowdown in China’s economy poses some risks for container shipping, according to Drewry Maritime Research. According to a new report from Drewry Shipping Consultants Ltd, the risks from a slowdown in Chinese consumption to container shipping are far smaller than for the dry bulk sector…
India Ratings and Research (Ind-Ra) has maintained a negative-to-stable outlook for the shipping sector for the current financial year. The agency expects the performance of dry bulk and container operators to continue to be affected by weak global trade growth and persistent overcapacity…