Abu Dhabi Ports today announced a freeze on rent escalation during 2021 for all businesses in its Industrial Cities and Free Zone cluster, in a move aimed at providing further relief to its customers in KIZAD and ZonesCorp and boosting the Abu Dhabi economy in these challenging times…
Port Everglades received approval from the U.S. Maritime Administration (MARAD) for “Marine Highway” designation for a new route connecting Port Everglades with Port Houston, Puerto Rico and the U.S. Virgin Islands (USVI). National Shipping…
America's largest military shipbuilder Huntington Ingalls Industries announced Friday that Keith Munn has been promoted to vice president, business management, and chief financial officer for its Ingalls Shipbuilding division in Pascagoula, Miss…
The Baltic Exchange's main sea freight index jumped about 11% to its highest in nearly three months on Friday as high Chinese coal demand drove up capesize rates.The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels…
Seattle-based tug and towing company Foss Maritime said its chief operating officer Will Roberts has been promoted to president.“It was evident to our leadership team that Will’s ability to perform at the highest level along with his business…
Ireland's tax authority temporarily eased post-Brexit customs arrangements after some trucks were unable to deliver goods from Britain, difficulties that prompted the largest Irish Sea ferry operator to cancel some sailings from Friday.Britain's…
Iron ore shipments to China from Australia's Port Hedland rose by 16% in December from a month earlier, despite a short weather-related shutdown, the Pilbara Ports Authority said on Friday. Iron ore exports to China rose to 40.0 million tonnes from 34…
U.S. Transportation Secretary Elaine Chao said Thursday she would resign, citing the intrusion of the U.S. Capitol by violent supporters of U.S. President Donald Trump.Chao, the wife of Senate Majority Leader Mitch McConnell, is the first Cabinet secretary to announce her departure after the events…
The Baltic Exchange's main sea freight index that tracks rates for ships carrying dry bulk commodities rose for a seventh session in a row on Thursday as rates firmed across all vessel segments.The Baltic dry index, which tracks rates for capesize…
Australia's trade surplus narrowed in November as China curbs on coal and farm goods took some steam out of exports, while a rebound in the domestic economy sucked in record goods imports.Other data out on Thursday showed Australia's property…
The European Union will impose tariffs from Friday on hot-rolled iron and steel products from Turkey based on an ongoing investigation into dumping.The duties will range from 4.8% to 7.6% and affect Turkish companies Erdemir, Isdemir, Colakoglu Metalurji and Habas…
Trading house Mercuria and Singapore-based asset manager Envysion Wealth Management have agreed to co-invest in mining and energy projects, as default-hit banks tighten their purse strings and leave commodities firms seeking other funding.The deal…
The union representing Argentine port-side grain inspectors said on Thursday it had ended a month-long wage strike after reaching a contract deal with export companies that will allow international soy, corn and wheat shipments to return to normal…
Investment company United Overseas Group (UOG) is to acquire Dubai-based shipping company United Arab Chemical Carriers (UACC), the two companies said on Thursday.The deal is subject to regulatory approvals and is expected to close in the first quarter…
Norwegian-based scale-up Yxney Maritime and Inmarsat signed an agreement for Yxney Maritime to join the group of certified application providers to provide a dedicated application for Inmarsat’s Fleet Data service.Fleet Data collects data from onboard sensors…