The Baltic Exchange's dry bulk sea freight index rose on Friday, supported by higher rates for larger vessels, but was headed for a weekly loss due to declines across all vessel segments earlier in the week.* The main index, which factors in rates for capesize…
President José Raúl Mulino met with more than 40 representatives of shipping companies from Japan’s Kanto region, where he presented Panama’s new ship registry strategy aimed at safeguarding its global leadership through enhanced safety standards and fully digitalized processes…
Russia will deliver oil to Brunei via the Northern Sea Route for the first time this September, expanding its export reach through the strategic Arctic passage, two sources familiar with the shipping data told Reuters.Until now, NSR shipments…
Canada's trade deficit narrowed in July as overall exports rose, especially driven by outbound shipments of crude oil and passenger cars to its biggest trading partner the United States, Statistics Canada said on Thursday.Its merchandise trade deficit…
Honeywell announced that its modular liquefied natural gas (LNG) pretreatment technology and Integrated Control and Safety Systems (ICSS) will be adopted at AMIGO LNG S.A. de C.V.’s export terminal in Guaymas, Sonora, Mexico. The project, a…
Despite significantly weaker freight rates, the average price for five-year-old container ships has increased 17% year-on-year and 6% since the beginning of 2025,” says Niels Rasmussen, Chief Shipping Analyst at BIMCO.The average per TEU price…
New Wave Media, a leading B2B media company serving the global maritime, offshore energy, subsea and logistics sectors, acquired the Port of the Future Conference & Exhibition, a premier international symposium known for its focus on advancing port infrastructure…
AD Ports Group announced the signing of a major dredging agreement between its Karachi Gateway Terminal and Van Oord, a Netherlands-based leader in dredging and marine contracting, to expand the flow of trade through the Group’s port terminals in Pakistan…
Arsenio Domínguez, Secretary-General of the International Maritime Organization (IMO), carried out an official visit to the Panama Maritime Authority (PMA) as part of his first mission to the country since taking office in January 2024.He was welcomed by Luis Roquebert…
WR Logistics, a provider of project logistics solutions for large-scale industrial and infrastructure projects, has appointed Marc Fischborn as Managing Director for Germany. Based in Germany, Mr. Fischborn will be responsible for WR Logistics’ operations across the country…
The installation of the approximately 20-kilometer-long offshore pipeline for the Porthos CO2 transport and storage project has been completed. The pipeline will transport captured CO₂ from the Rotterdam port industry to storage reservoirs under the North Sea…
Turkey has decided to bar Israeli vessels from using its ports, forbid Turkish ships from using Israeli ports and impose restrictions on planes entering Turkish airspace, Foreign Minister Hakan Fidan said on Friday.He provided few details in…
On 27 August, Damen Shipyards Group launched the latest Island Class ferry for Canada’s BC Ferries. The vessel is the second of four Island Class vessels currently under construction at Damen Shipyards Galati in Romania. Once operational, the…
Vattenfall has signed a deal with EMS Maritime Offshore (EMO) to establish an operations and maintenance (O&M) base in the Dutch port of Eemshaven to support construction and operation of its planned Nordlicht 1 and 2 wind farms, which will become Germany’s largest offshore wind project…
“We forecast a balanced development in the crude tanker market in 2025 and 2026 while we expect the product tanker market to remain weaker than in 2024. The product tanker suffers under the weight of increasing supply growth and weaker demand growth due to shorter sailing distances…