The Norwegian government has postponed a decision on whether to mandate the construction of an oil processing terminal near the Arctic tip of northern Europe until the third quarter of next year, it said on Friday.If built, the onshore Veidnes…
The Baltic Exchange's main sea freight index, tracking rates for ships transporting dry bulk commodities, gained on Friday supported by a jump in capesize vessel rates.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels…
China to suspend additional 25 pct tariffs on U.S.-made cars for three months; China's planned tariff halt follows purchase of U.S. soybeans.China will suspend additional tariffs on U.S.-made vehicles and auto parts for three months starting Jan…
Striking stevedores at the Portuguese port of Setubal and the port administration reached a deal on Friday to end a strike that started 40 days ago and has blocked shipments of over 20,000 cars from a Volkswagen plant nearby.'Loadings can start today if there are ships ready…
Norway's bulk ship operator and management company Belships ASA announced that its chief executive officer (CEO) Ulrich Müller has resigned.The board of directors of the Norwegian bulker owner stated in a press release that they will initiate…
Maersk Broker Bulk Chartering has bought a stake in a US-based dry bulk broker NAODAN Chartering and become a major shareholder.The dry cargo brokerage of NAODAN Chartering will continue to focus on the well-established and successful business out of the West Coast of the USA…
French start-up Traxens and MSC Mediterranean Shipping Company is cooperating with its partner in a pilot project in Valencia to use an Internet-of-Things (IoT) network to improve the operational efficiency of the port.MSC is already working with Traxens…
Malaysian oil and gas company Petronas plans to introduce liquefied natural gas (LNG) bunkering operations at the country from the second half of 2019.“As a major player in the LNG business, PETRONAS is well-positioned to support the strategic…
The Intercontinental Exchange will launch new Marine Fuel 0.5% futures contracts in advance of the implementation of the 0.5% sulphur cap by the International Maritime Organization (IMO) in 2020.The operator of global exchanges and clearing…
Shipping confidence dipped slightly in the three months to end-November 2018, according to the latest Confidence Survey from international accountant and shipping adviser Moore Stephens.The average confidence level expressed by respondents fell to 6…
Scorpio Bulkers Inc, shipping company, owns and operates dry bulk carriers, announced that it has entered into a time charter-out agreement with an unaffiliated third party for SBI Hera, one of its Ultramax drybulk carriers.According to a press…
The Panama Canal has signed a memorandum of understanding with the Port of Itaqui to promote the shipment of grains and other cargoes in the commercial route from Brazil through the Panama Canal to destinations located in the Pacific Ocean.Itaqui…
The operationalizing of three investment projects will begin in Shahid Beheshti port of Chabahar this week, said a communication from the Iran government.Behrooz Aghaee, Director General of Ports and Maritime Affairs of Sistan and Baluchestan Province…
Shahid Ali has been appointed as the new Chief Executive Office of Maldives Ports Limited.Maldives Ports Limited annouced the appointment through a twitter message which read: 'On behalf of all the staff and management of Maldives Ports Ltd…
Singapore's port operator PSA Corporation Limited (PSA) has signed a memorandum of understanding (MoU) with the Singapore University of Technology and Design (SUTD) to develop a pipeline of talent for the future mega port in Tuas.The MoU is aimed at producing data science…