The United States believes Iran has started carrying out naval exercises in the Gulf, apparently moving up the timing of annual drills amid heightened tensions with Washington, U.S. officials told Reuters on Thursday.One U.S. official, speaking on condition of anonymity…
On-premise vessel stowage software StowMan takes feeder liners and logistics providers to the next level of vessel stowage planning. Navis, the leading provider of vessel stowage planning solutions, announced that in the first half-year 2018 five feeder liners…
Dubai's government said on Thursday the London Court of International Arbitration (LCIA) has ruled DP World's port container terminal contract in Djibouti was valid and binding.The government of Djibouti seized the Doraleh Container Terminal…
The United States has adopted an 'escalate to negotiate' strategy towards China, threatening a dramatic hike in tariffs to try to force a resumption of trade talks while the U.S. economy remains strong and as elections approach in November.U…
On June 22, 2018, the Office of Management and Budget (OMB) issued a federal government reorganization proposal entitled “Delivering Government Solutions in the 21st Century”. The 132-page document is subtitled ‘Reform Plan and Reorganization Recommendations’…
Just months after moving its corporate headquarters to Perth in order to strengthen relationships with Western Australia’s largest Oil & Gas clients, Bhagwan Marine has expanded its fleet further to meet the needs of those clients.The CMV Athos…
Singapore-based FSL Trust Management (FSLTM), as trustee-manager of First Ship Lease Trust announced a new pool agreement for the two LR2 vessels, 2006 built and each 109,672 DWT, FSL Piraeus (ex-Torm Margrethe) and FSL Perth (ex-Torm Marie)…
Port of Amsterdam said the maximum Environmental Ship Index (ESI) discount is doubled for ships with ESI certificates and liquefied natural gas (LNG).For some years Port of Amsterdam has been giving discounts on port dues to vessels listed in…
The Inland Waterways Authority of India (IWAI) yesterday launched a dedicated portal to connect cargo owners and shippers with real time data on availability of vessels.The Government of India is developing National Waterways as a key transport intervention…
Coltraco Ultrasonics Chief Executive, Carl Stephen Patrick Hunter, has been welcomed onto the Board of Trustees at The Royal Institution of Naval Architects (RINA), an internationally renowned professional institute at the heart of surface and sub-surface ship design…
Mitsui O.S.K. Lines (MOL) announced that the LNG carrier, LNG Schneeweisschen, jointly ordered by MOL and Itochu Corporation was delivered on July 31st at the Okpo shipyard by Daewoo Shipbuilding & Marine Engineering (DSME) in South Korea.The 180…
The medium term outlook for global container port demand growth is positive thanks to strong underlying economic momentum across the world’s major economies. While there may be clouds on the horizon in the form of tariff and trade war fears…
Diana Shipping announced that, effective August 1, 2018, the Company increased the size of its Board of Directors from nine to eleven members.The global shipping company specializing in the ownership of dry bulk vessels appointed Christos Glavanis to serve as a Class I Director and appointed Mr…
Shipping forms the backbone of world trade, transporting around 80% of global trade by volume. No other method of mass transportation is as cost-effective or fuel-efficient.Each day, around 50,000 merchant ships deliver the things people need and want – from food…
XPO Logistics, one of the largest global freight transportation and warehousing companies, reported a jump in quarterly profit on Wednesday, fueled by shipments of heavy and bulky items and strong demand for e-commerce order fulfillment.Greenwich…