VLCC spot freight rates between the Arabian Gulf and China rose 101% in the days between June 13, 2019 and June 20, 2019, in the aftermath of attacks on two tankers in the Strait of Hormuz. Spot freight rates for a VLCC, carrying 2 million barrels of oil…
Due to the success of our new Polar Class 6 ship, Hondius, Oceanwide Expeditions has ordered a sister ship built by the same manufacturer: M/v Janssonius is scheduled to be completed in October, 2021. She will have the same passenger capacity as Hondius (174)…
As of June 1, 2019, Bludworth Marine, LLC has relocated their corporate headquarters to Galveston, Texas. The new location, at 320 77th Street, is minutes from the Bludworth Marine 100' x 300' graving dock location and the Port of Galveston Pier 38 dockside location…
Fitch Ratings has assigned a 'AA' rating to the Massachusetts Port Authority's (Massport) approximately $460 million series 2019-B and C senior lien revenue bonds. The Rating Outlook is Stable. Key Rating DriversThe 'AA' revenue bond rating…
Port of Oakland Executive Director Chris Lytle is sounding an alarm over the trade war with China. The veteran maritime leader this week warned that tariffs imposed by both sides threaten the U.S. economy. He added that trade barriers could dry up his customers’ access to a major export market…
European Community Shipowners' Associations (ECSA) has organized a workshop on the subject of ocean governance on 18 June 2019, with the support of the International Chamber of Shipping (ICS) and hosted by the Permanent Representation of Malta to the EU…
Hitoshi Nagasawa, the new president of Japanese shipping giant Nippon Yusen (NYK), made his inaugural speech to the NYK Group staff members at the company’s head office in Tokyo.He began his speech quoting the famous Japanese entrepreneur Konosuke Matsushita…
NSRP is a national collaboration of private shipbuilders that provides framework to improve shipbuilding processes. NSRP focuses on national shipbuilding and naval practices to improve the efficiency of the U.S. shipbuilding and ship repair industry…
Former ocean carrier executive is association’s unanimous choice.The American Association of Port Authorities (AAPA), the unified and recognized voice of seaports in the Americas, announced today that it has unanimously chosen Christopher J…
Mammoet has announced its partnership with Core Industries, the owner and operator of Theodore Industrial Port near Mobile, Alabama. Under the agreement, Mammoet will have the opportunity to work with Core and utilize the 400 acres of land at the port…
Bigger ships are challenging the Port of Oakland with never-seen-before container volumes. The Port said today that vessels on average load and unload the equivalent of 1,767 20-foot boxes each time they visit here. It’s the highest container move count in Port history…
The UAE Shipping Association (UAESA) was founded 12 years ago. But Tahir Lakhani, UAESA Vice-Chairman, indicates that in that time the UAE has been much more conducive to foreign companies than domestic ones, owing to a lack of options for ship finance…
Samson, a worldwide leader in performance cordage, announces the appointment of Christian Rheault as CEO, effective July 1, 2019.Rheault comes to Samson with a strong combination of multinational experience. Most recently he was CEO of Greene…
Containerships, an expert in Intra-Europe and a subsidiary of the CMA CGM Group, a leader in shipping and logistics, has announced it took delivery of its second container ship powered by liquefied natural gas (LNG), the Containerships Polar…
A new carbon neutral product - the first of its kind in the industry - is being piloted with select Maersk customers who are highly engaged in sustainable solutions for their supply chain. H&M Group is the first company to trial it as part of the shift towards carbon-neutral transportation…