The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects rates for capesize, Panamax and supramax vessels, shed 16 points, or 1.1%, at 1,488.The index registered a small 0.5% weekly gain. The capesize index fell 46 points…
Bulk carriers are the workhorses of international maritime trade. Those responsible for operating them need to manage significant risks inherent to the dry bulk trade. Certain cargoes can deplete oxygen, catch fire, explode, corrode holds or simply deteriorate…
labor union representing Argentine grains port workers said on Thursday that it suspended a scheduled strike over wages after the government called for talks between the workers and their companies.The URGARA union, which represents inspectors…
KVH Industries, Inc. launched the newest marine satellite TV antenna in its TracVision series. A 1-meter ultra-high efficiency marine antenna, the TracVision TV10 provides the biggest coverage footprint in KVH’s TracVision series and is designed to provide boat owners…
Oil and gas exports from the United States have been severely disrupted by Hurricane Laura, with nearly a million barrels per day (bpd) of crude exports likely reduced this week by closures of U.S. Gulf Coast terminals and disruptions at ports…
The Port of Houston, the United States' largest energy export port, began reopening to commercial shipping on Thursday after a day-long closure due to Hurricane Laura, the U.S. Coast Guard said.Ports along the Texas and Louisiana coasts were…
International maritime law specialist Hill Dickinson announced the death of Patrick Hawkins, head of its office in Greece.Hawkins died in the hospital on August 20, having suffered a heart attack in early July. His funeral took place in Athens on Monday…
Intelligent remote communication solutions provider Applied Satellite Technology Ltd (AST) said it has entered into a joint venture with Wright Technologies, a provider of marine electronics services to the South Pacific markets.AST Group Managing Director…
Loadings of liquefied natural gas (LNG) cargoes from the United States likely will be delayed as a powerful storm strikes the heart of the U.S. oil and gas industry on the Gulf Coast, forcing several LNG plants to shut.Hurricane Laura made landfall…
Royal IHC said it handed over the 3,000m³ trailing suction hopper dredger (TSHD) Mont Mandara to Cameroon’s Port Authority of Douala (PAD) on August 20. The delivery completes the PAD fleet, following its acquisition of an IHC Beaver 50 cutter suction dredger and a DMC workboat in 2019…
Oil tanker group Frontline reported a big jump in second-quarter earnings on Thursday as energy traders paid to store crude that went unsold amid the COVID-19 pandemic, the company said on Thursday.Frontline's April-June adjusted net profit rose to $206…
A South African court ruled on Tuesday that a Kuwaiti firm could ship thousands of sheep to the Middle East, dealing a blow to animal welfare activists seeking to ban such exports on concerns that extreme heat could kill the animals en route…
More than 600 pieces of cargo, some as large as 600,000 pounds and 100-feet long, will be shipped through the Port of Indiana-Burns Harbor for a $1 billion power plant project at the Indeck Niles Energy Center in Michigan.In total, there will…
A new dedicated helpline aims to support Indian seafarers and their families as the COVID-19 pandemic continues to place added pressures on maritime workers globally.The round-the-clock helpline was set up by Sailors Welfare Association, an…
Recent reports show that on-time performance in the containership sector continues to deteriorate, causing tension between the carriers and retailers. In general, non-ocean carriers – trucks and trains – are achieving reliability rates well…