Tanker Shipping: Crude oil tankers out-perform their oil product peers in a market full of surprisesDemandSome time ago, BIMCO expected the first signs of a solid recovery in the oil tanker industry to appear in the product tanker market…
Dry Bulk Shipping: All eyes on Brazilian iron ore exports, as we await the long-anticipated lift in freight rates.DemandThe freight market, which performed so well in Q1, has certainly not delivered in the past four months. BDI has dropped from 1…
Mitsui O.S.K.Lines,Ltd. (MOL) announced that it supported PH-Japan’s (Peoples’ HOPE Japan’s - PHJ) Myanmar healthcare program to provide free transportation of PH-Japan’s container filled with 2,000 units of digital thermometers and electronic…
The U.S. Energy Department has finalized a plan to revamp its process for approving liquefied natural gas exports, and as originally proposed the changes eliminate conditional approvals for LNG projects.Beginning Thursday, the department…
Macro Economics: Take nothing for granted; we need reforms to improve economic performanceGlobal economyThe International Monetary Fund (IMF) has downgraded its global growth projection from 3.7% in April to 3.4% in July. The adjustment is primarily due to the large negative result in the U…
Program of shipboard inspections and reports on equipment safety, crew training and consumables is proving a valuable contributor to promoting best practice.Shipowners and operators are reaping the benefits of the Wilhelmsen Ships Service Welding Safety Campaign…
Maritime and Engineering College North West (MECNW), a Mersey Maritime Group company, has been praised in a preliminary report by Ofsted that positions the college as Merseyside’s leading provider of Engineering Apprenticeships. Key clients of the college include Cammell Laird and Peel Ports…
Evolving Needs of Private Equity Clients Inspire Move. Seward & Kissel LLP has announced that veteran finance attorney John Imhof has joined the firm’s leading Maritime and Transportation Finance practice in New York.Mr. Imhof, who comes to Seward & Kissel from Watson…
Artemus Transportation Solutions will be holding its Global Commerce- International Transportation & Trade Shipping 101 Course on September 15-19 in the Seattle-Tacoma area. This is the third time the Shipping 101 course will be hosted by the Marine Exchange of Puget Sound in Seattle/Tacoma…
In the early hours of Saturday 9th August 2014, the radar of a product tanker transiting south, 200 nautical miles off the Nigerian shoreline detected a probable pirate mother ship lying in wait close to its track. Shortly after detecting the vessel…
According to the U.S. Energy Information Agency, one of the world’s oil transit choke-points is the Suez Canal, the Panama Canal being another. However, the recently announced Suez Canal expansion plans are more likely to cater for containership transits…
GAC Pindar has secured a three-year extension of its contract with the global Extreme Sailing Series™ to manage the complex worldwide shipping of the Series’ Extreme 40 boats, equipment and support materials.Andrew Pindar, Director of GAC Pindar…
China's buoyant exports pushed its trade surplus to a record in July, fuelling optimism global demand will help counter pressure on the domestic economy from a weakening property sector.While manufacturing appears to have picked up in the world's second-largest economy…
Evergreen Shipping Agency (America) Corp. recently announced that its movements have been affected by “truck capacity issues,” which the shipper said have been brought on by a combination of contributing factors, including driver shortages, infrastructure problems…
Lerwick Harbour has again demonstrated its deep-water capacity and capabilities, this time by simultaneously accommodating two giant support vessels and the successful offloading of a 10,000 tonne subsea oil storage tank, destined for west of the Shetland Islands…