In September 2019, in a milestone agreement, Namdock concluded a contract to maintain and repair the vessels of the Marinha de Guerra Angolana (MGA), the Angolan Navy.According to Namdock’s Commercial and Operations Manager, Willie Esterhuyse…
Maritime trade between Arctic destinations and the rest of the world is expected to expand and an increasing number of ships are now undertaking voyages in polar waters. Technical developments in ship design and equipment continue to facilitate more and more ship operations in remote polar areas…
The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodities, fell for a ninth straight session on Friday, on weaker demand for capesize and panamax vessel segments.The Baltic index, which reflects rates for capesize…
The Port of Los Angeles, the nation's busiest for ocean trade with China, processed fewer containers of imported and exported goods in October as the U.S.-China trade war roils the domestic economy and global supply chains.October imports dropped 19% to 392…
Tariffs could be lifted amid the U.S.-China trade deal if an agreement is reached, a White House spokeswoman said on Friday, citing optimism about a final pact but giving no further details.'We're very optimistic for some kind of a deal, and…
A gas tanker once hailed by President Vladimir Putin as a bulwark of Russian energy security is heading for a liquefied natural gas (LNG) terminal in the United States, ship tracking data from Refinitiv's Eikon showed on Friday.The collection…
The discussion of the ‘future of class’ seems more relevant today than ever, as the maritime industry navigates a transcendent period, with digitalization, decarbonization and a long list of related safety and risk concerns occupying the attention and budgets of shipowners globally…
Lithuania-based oil and LNG terminal operator Klaipėdos nafta (KN) appointed Darius Silenskis as the new CEO. Until now, D. Silenskis held the position of director of KN Oil business.The selection procedure of the new CEO was carried out by…
Denmark-based Ørsted A/S, offshore wind giant, is expanding rapidly in the US within the development and construction of offshore and onshore wind power as well as solar PV.The growing portfolio enables Ørsted to increasingly trade the green power generated by the wind and solar farms…
Inland shipping vessel Sendo Liner, built by Concordia Damen shipyard in Netherlands, has won the KNVTS Ship of the Year 2019 Maritime Award.The award jury highlighted the vessel’s ‘future-proof’ propulsion configuration (diesel-electric supplemented…
Navios Maritime Acquisition Corporation, the provider of transportation of petroleum products (clean and dirty) and bulk liquid chemicals, announced that its fleet consisted of a total of 41 vessels as of November 7, 2019.The owner and operator of tanker vessels said that out of 41 vessels…
Diana Shipping announced that it has signed through a separate wholly-owned subsidiary, a Memorandum of Agreement to sell to an unaffiliated third party, the 2005-built vessel “Clio”.The global shipping company specializing in the ownership…
Scorpio Tankers, the international provider in the transportation for refined petroleum products, announced that it has completed acquisition of the leasehold interests in 19 product tankers.The Monaco-headquarters acquired subsidiaries of Trafigura…
'Women bring intelligence and high skills to all fields of the shipping industry – let’s throw off the bowlines!”.This is the message from Port Captain Basak, one of the latest maritime women being featured by International Maritime Organization…
Energy Transfer LP said on Thursday discussions with potential shippers to build an offshore crude export facility in Texas capable of handling supertankers were progressing on schedule, with the project expected to be in service by late 2022 or early 2023…