Weather intelligence and decision support services provider StormGeo said it has appointed Kim Hedegaard Sørensen as the new Chief Operating Officer for its shipping division effective immediately.Sørensen has an extensive portfolio of global…
South Korean exports fell the slowest in four months and beat market expectations, data showed on Saturday, a further sign a recovery in Asia’s fourth-largest economy is gaining traction, although threats loom from global flare-ups in the COVID-19 pandemic…
Commodities trader Trafigura Beheer has become the first company to offer a defined Covid premium on an Asian syndicated loan, paying up to an extra 20bp all-in on its latest US$1bn-equivalent financing.The novel pricing structure is a first for Asia…
GAC Sweden announced it has taken over the ship agency activities of Mälargent AB. The move, which comes one year after taking over the same services of SwedAgency AB, boosts the shipping and logistics firm’s operational presence in and around the Mälardalen region…
Florida’s seaports are one of the state’s greatest economic assets, positively affecting every region and every resident. Our seaports have a $117.6 billion economic impact across Florida and account for more than 900,000 direct and indirect jobs…
BMT announced Dennis de Bruin has been appointed Managing Director for BMT’s Commercial Shipping Europe business, with immediate effect.A BMT employee since 2004, de Bruin has more than 20 years of experience in the maritime industry. He has…
Royal Caribbean Group has hired Dr. Calvin Johnson as Global Head, Public Health and Chief Medical Officer, a new role created to lead the cruise line operator's global health and wellness policy, manage its public health and clinical practice…
In response to the worldwide COVID-19 pandemic, the Congressional Research Service released a report that stated global economic growth has declined by 3% to 6% in 2020 with a partial recovery predicted for 2021. Also, the GDP of the U.S. has fallen by 5% in the first quarter 2020…
The Baltic Exchange's main sea freight index rose on Wednesday, after declining for seven consecutive sessions, as rates for larger capesize and panamax vessels bounced back after a series of declines.The Baltic dry index, which tracks rates…
The Port of Vancouver USA received a shipment of wind turbine components on July 22 that included the longest wind turbine blades ever to enter the West Coast of the U.S. and transported across North America, to-date. The port received a total of nine wind turbines including blades…
International Transport Intermediaries Club (ITIC) warns port agents to inform their regular principals of port fee and tariff increases, even if the details are in the public domain. This will avoid disputes as well as delayed reimbursement payments…
Plans to develop a new cruise terminal at the Port of Seattle have been derailed by the coronavirus pandemic. The port announced Tuesday it has called off a request for industry proposals for a joint investment to build and operate a proposed new cruise terminal to serve the Alaska market…
Vassilios Demetriades has been appointed as Cyprus' new Shipping Deputy Minister, the country's president Nicos Anastasiades announced as part of a cabinet reshuffle. The seasoned maritime policy expert, known for his extensive work within the…
Global port operator DP World recorded a fall of 8.8% in second quarter container volumes, warning on Monday the outlook remained uncertain.The coronavirus pandemic shut cities and factories worldwide for months, disrupting shipments and global supply chains…
Experienced maritime technology and ship management executive Johan Gustafsson has joined learning and operational technology company Ocean Technologies Group as Chief Revenue Officer.Based in the group’s Norwegian office, Gustafsson will lead account management…