More than 1000 ships are expected to be ordered per year through 2030, and with growing pressure on the shipping industry to decarbonize, the shipowners must be careful with fuel selection and ship design, as a misstep here can have damaging consequences in the future…
The Baltic Exchange's main dry bulk sea freight index eased from a more than 11-year high on Tuesday, but the index notched up its second monthly gain in three due to global shipping constraints and robust demand.The overall index, which factors in rates for capesize…
Hurricane Ida damaged a Louisiana grain export elevator owned by global grain trader Cargill Inc and disrupted export operations at the busiest bulk grain export facilities in the United States on Monday.Cargill said its Reserve, Louisiana, terminal…
Methanol-to-hydrogen generator technology company e1 Marine announced it has appointed Maite Klarup as its commercial director.Tapped to lead the implementation of e1 Marine’s commercial strategy, Klarup brings to the role more than 20 years of leadership experience from her time at BIMCO…
The deadline to apply for inclusion in Marine News magazine's annual MN100 awards edition is September 1. Time is running out.Each year, the publication profiles 100 of the top firms in the shallow-draft, brown water workboat space. Is your company one of the best…
The White House and the U.S. Department of Transportation announced on Friday that John D. Porcari will be the Port Envoy to the Biden-Harris Administration Supply Chain Disruptions Task Force.Porcari will work closely with Secretary Buttigieg and the U…
Maersk's towage arm Svitzer announced Mathias Jonasson has been appointed as managing director of its Scandinavia and Germany cluster, effective September 1.Jonasson, who will report to Svitzer Europe’s managing director Lise Demant, has a background…
Grains ships and vessels transporting other products on the Paraguay River are loading at around half capacity due to a historic drought that has hit river levels in the South American region, hurting trade of key agricultural commodities.Industry…
China will study targeted measures to help exporters cope with tight shipping capacity and rising logistics costs, the commerce ministry said on Thursday.Ministry spokesman Gao Feng made the comments at a weekly press conference in Beijing.(Reporting by Xu Jing…
What’s not to like about 2021 for container shipping? Freight rates are record high, record amounts of cargo are shipped across the Pacific Ocean, as well as globally, and the previous yearly record for new container ship orders has just been broken (measured in capacity) in less than eight months…
The international shipping industry continued its long-term positive safety trend over the past year. The number of large vessels lost remained at record low levels in 2020, while reported incidents declined year-on-year, according to Allianz…
Indian traders are scrambling to secure prompt shipments of soymeal after New Delhi relaxed rules to allow the import of 1.2 million tonnes of the animal feed, but logistical bottlenecks could limit volumes to less than 400,000 tonnes, industry officials told Reuters…
Russia's oil exports and transit from its western seaborne outlets were set at 6.17 million tonnes in September compared to 6.29 million tonnes in the revised August plan, the preliminary schedule seen by Reuters showed on Wednesday.On a daily basis combined oil loadings from Primorsk…
The work of Spanish wineries finds an ally in the Port of Valencia so that a white wine from Rueda can be drunk in Sydney, a red from Rioja can be bought in a shop in New Caledonia and a DO Cariñena in a luxurious restaurant in the United Arab Emirates…
Meishan terminal at China's Ningbo port resumed operations on Wednesday after shutting down for two weeks due to a COVID-19 case, a port official said at a press briefing.The closure of the terminal has caused logjams at ports across China's…