The Baltic Exchange's main sea freight index fell for a ninth straight session on Wednesday to a two-week low, hurt by weaker demand across vessel segments.The Baltic index, which reflects rates for capesize, panamax and supramax vessels, fell 27 points…
The U.S. House of Representatives is set to consider H.R. 2440, Full Utilization of the Harbor Maintenance Trust Fund bill on Monday October 28, 2019. The bill may be presented in the House under “suspension of the rules.”“We strongly support…
S-Oil, South Korea's third-largest refiner, said on Wednesday that regional refining margins are expected to improve in the fourth quarter on the back of inventory build-up ahead of implementation of stricter rules on marine fuels in 2020.The refiner…
The US-based Taronis Fuels will be launching its first-ever production facility in Western Europe in the port of Amsterdam. The new site will be dedicated to the production of bio-based welding gas, a fuel type commonly used in the construction and shipbuilding industries…
Essar Ports, India's second-largest, private-sector port and terminal company by capacity and throughput, posted a record 20 per cent cargo growth in April-September period of the ongoing financial year (ending March 31, 2020) with a throughput of 27…
The data analytics duo Yxney Maritime and Grieg Connect are partnering with the Norwegian NOx Fund to develop a data-driven digital solution for automated NOx emissions reporting. Solstad Offshore and ferry operator Fjord1 will participate in the pilot phase of the project…
The region’s largest pump distributor and one of the few remaining British pump manufacturers – Tomlinson Hall – has paid recognition to its long serving staff as it celebrates 100 years in business.Based in Billingham, impressively almost 65%…
Logixboard, the digital partner for freight forwarders, has announced it raised a $4.2 million seed round to expand its platform and fuel product innovation. Social Leverage led the round, with participation from F-Prime Capital, Founders' Co-op…
Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) and Royal Caribbean Cruises Ltd. (NYSE: RCL) signed a memorandum of understanding (MOU) with the government of Saint Lucia to form a joint venture to manage the existing cruise pier and terminal facilities in Saint Lucia…
Refineries at Port Dickson on Peninsular Malaysia's west coast are unable to receive crude oil after a port facility that carries crude from the ships to the plants broke down.A system known as a single point mooring (SPM) unit, a loading buoy…
The Port of Rotterdam announced a 1% rise in cargo handing, after it handled 112.4 million tonnes of freight, meaning that the total of 353.5 million tonnes were transmitted up to the end of the third quarter.Volume growth was mainly driven by containers…
Global ports operator DP World has struggled to borrow from banks to finance new investments since a port it partially owns in Djibouti was seized by the government there in 2018, its chairman said on Monday.'We are investing but it is costing us more…
CMA CGM launches SHIPFIN Trade Finance, its new range of import and export financing solutions.An innovative offering of simple, reliable and rapid financial services;Two complementary solutions for importers and exporters: Supply Chain Financing and Cargo Financing…
The adoption by the IMO of the International Code for Ships Operating in Polar Waters (Polar Code) makes it mandatory for ships sailing into Artic or Antarctic waters to demonstrate that extra precautions have been taken in relation to safety…
The Shoreham Port team are donning their favorite pink items and taking part in an office bake sale today in support of Wear it Pink, the annual fundraising day that raises money for Breast Cancer Now. Staff across the Port’s two offices are raising money which will be match funded by the Port…