Europe's logistics services provider Neele-Vat Logistics and the Port of Rotterdam Authority have signed a contract for the development of a distribution centre on the last vacant lot at the City Terminal site near Eemhaven (Heijplaat-Rotterdam)…
Highlights of the Freightos Weekly Baltic Index Report ...Just as the January 1 GRIs were losing traction, the mid-month round lifted transpacific prices back up again. The net impact was a 4% week on week rise for both lanes. China-West Coast went up from $2…
The port of Fujairah in the United Arab Emirates has decided to ban the use of a type of ship exhaust cleaner, becoming the latest location to impose restrictions on so-called open-loop scrubbers, a port document showed.In recent months, many…
Exports of Turkmen oil via Russia's Black sea port of Novorossiisk will resume in February, four market sources said.Turkmenistan stopped transit of its oil via Russia in 2016 and has been exporting all its crude via the Azeri Caspian port of Baku…
Oman Shipping Company (OSC) is expanding courtesy of an order for a pair of newbuild Very Large Crude Carriers (VLCC ) with Daewoo Shipbuilding & Marine Engineering (DSME).According to Michael Jorgensen, OSC's CFO and acting CEO, said the VLCCs are expected to be deployed in the spot market…
Bureau Veritas has announced that it has appointed David Barrow as Vice-President for its Marine & Offshore South Asia Zone. He succeeds Kerem Kiper, who has already taken up the post of Vice-President, Middle-East, Africa and India.Based in Singapore…
Associated British Ports Holdings (ABP), which owns and operates 21 ports in the United Kingdom, has announced a GBP 2.2 million investment in a new state-of-the-art warehouse at the Port of Ayr which will improve its customer offering.According to a press release from the port company…
Japanese shipping company Mitsui O.S.K. Lines (MOL) and the marine transportation services provider Asahi Tanker Co have launched a new MR product tankers pool with a fleet of about 25 ships.The new pool, named Asahi MOL Tankers and headquartered in Republic of the Marshall Islands…
Port of Newcastle has become the first port in Australia or New Zealand to commit to meeting global environmental and sustainability standards as set by EcoPorts.The port was this month granted membership of the International EcoPorts network…
German shipping group Hamburg Süd announced that it is selling its bulk shipping business to Singapore’s China Navigation Company (CNCo), part of the Swire Group, as it focusses on its liner business with its two container shipping brands, Hamburg Süd and Aliança…
Growing demand for professional shipping services from the offshore oil & gas industry has prompted GAC to open an office in Uruguay. The new office continues 2018’s expansion of the Group’s Americas region with the opening of GAC Brazil’s office in Fortaleza…
The merger of BW Tankers with Hafnia Tankers is being operationalized creating one of the world’s largest owners and operators of product tankers.The merged company owns and operates a fleet consisting of approximately 100 product tankers, four newbuildings and three product tanker pools…
British ship insurer North has received regulatory approval from Ireland's central bank for a new subsidiary in Dublin to ensure continued access to trade in the European Union in case Britain loses single market access, the firm said on Friday…
Two shipping lines and a marine terminal operator are leading the clean air charge at the Port of Oakland. The Port this week honored ocean carriers MSC and Hyundai Merchant Marine for 100 percent deployment of shore power-ready vessels. It…
Chamber of Marine Commerce President Bruce Burrows has unveiled a 2019 wish list for legislative and policymakers designed to make Great Lakes-St. Lawrence and coastal shipping more competitive and build on the remarkable growth of the 2018 season…