The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodities, extended losses for a sixth consecutive session on Friday, on weak demand across all vessel segments.The Baltic index, which reflects rates for capesize…
U.S. crude exports to Asia, which have slumped due to record freight costs, stirred on Thursday as rates slid and the premium in Asia for Russia's ESPO Blend oil sent buyers back to U.S. grades, according to market sources.Oil shipping costs…
Shipping companies running itinerant merchant vessels known as tramps are concerned about sourcing fuel to comply with one of the biggest ever shake-ups of the industry next year, the head of the International Chamber of Shipping (ICS) said…
White House trade adviser Peter Navarro on Friday pointed to next month's Asia-Pacific Economic Cooperation (APEC) forum in Chile as the Trump administration seeks to formalize its 'phase one' trade pact with China.'We're on the glide path to Chile and the meeting of the two presidents mid-November…
Tore Morten Olsen, President Maritime, Marlink, discusses the pace and direction of high speed comms in maritime.Using metrics of your choice, put in perspective where we are today in terms of getting shipowners to adopt high speed communication solutions…
The Port of Rotterdam Authority is intensifying its joint activities with parties in India. 'As one of the fastest growing economies in the world, India is investing heavily in the development of seaports, industrial areas and hinterland connections…
The most complex cruise ship lengthening ever undertaken is clipping along at Fincantieri’s Palermo yard.The final welding cut to Windstar Cruises’ Star Breeze was completed and the ship’s 25.6-meter/84-foot prefabricated midsection was glided into place between the two halves in the drydock…
Global Container Terminals (GCT) will deploy the IBM-Maersk TradeLens platform at its four North American terminals.GCT operates four strategically located, big ship ready terminals on the west and east coast of North America. A leader in technologically advanced terminal operations…
European Sea Ports Organisation (ESPO) congratulates Port of Barcelona (Spain), Port of Vigo (Spain) and Port of Baku (Azerbaijan) for getting EcoPorts’ environmental management standard (PERS).Isabelle Ryckbost, ESPO’s Secretary General, handed…
Mediterranean Shipping Company (MSC), the world’s second-biggest container shipping line, has decided not to use the Arctic as a new short cut between northern Europe and Asia and will instead focus on improving environmental performance on existing global trade routes…
The International Ship and Port Facility Security Code (ISPS) is mandatory instrument addressing the safety and security of ships, ports, cargo and crew, says International Maritime Organization (IMO).According to the UN body, it contains detailed security-related requirements for Governments…
South Carolina Ports Authority continues its multiyear modernization efforts with the arrival of three new ship-to-shore cranes for the Port of Charleston's Wando Welch Terminal in Mount Pleasant, S.C. The towering trio arrived in Charleston…
U.S. House Speaker Nancy Pelosi said on Thursday lawmakers were getting closer to an agreement with the Trump administration on revisions to the deal negotiated by the Trump administration with Canada and Mexico.'I can honestly say that I think every day we are becoming closer…
In a move which supports ChartCo’s ongoing expansion, the company is relocating from Driemanssteeweg 200 to Parmentierplein 20, Rotterdam with a brand-new technology office, thereby siting the firm at the epicenter of Europe’s largest port.ChartCo’s…
The GMN global network of maritime technology cooperation centers has completed numerous pilot projects over the past three years, helping to drive forward the changes which are required to reduce GHG emissions from shipping. A global network…