Many key drivers for dry cargo demand have reported a significant uptick in 2017, resulting in improving conditions for all vessels in the multipurpose shipping sector, according to the latest Multipurpose Shipping Market Review and Forecast report published by global shipping consultancy Drewry…
Tanker and dry bulk vessel newbuild contracts have been signed at an increasing pace so far in 2017, with newbuild activity for the first half of 2017 surpassing the same period last year by 20 percent. According to BIMCO, 5.9 million DWT was contracted in May 2017 and 3…
Hamburg-based shipping group Reederei Hamburger Lloyd will move its fleet of nine containerships and six bulk carriers to Marlink’s Sealink Plus VSAT package including unlimited L-band backup. Hamburger Lloyd is a long term customer of Telemar…
Djibouti opened a $64 million port on Thursday, the third of four ports designed to boost the tiny Horn of Africa nation's position as a trading hub, its ports authority said. Djibouti Ports and Free Zones Authority (DFZA) said in a statement…
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Thursday to snap a six-day streak of losses, boosted by higher demand for panamax and smaller vessels.The overall index, which considers rates for capesize…
As part of its strategic expansion in the Mekong markets, upply chain management company CEVA Logistics has opened its office in Myanmar's capital, Yangon. For the last five years, CEVA has been operational in the country through a network partner…
U.S.-flag Great Lakes freighters (lakers) moved 9.5 million tons of cargo in May, a virtual repeat of a year ago, the Lake Carriers’ Association (LCA) reported. The float totaled 9,496,663 tons this May and 9,473,709 tons a year ago. This May’s shipments were…
U.S. Trade Representative Robert Lighthizer said on Wednesday there was no deadline for completing NAFTA trade talks between the United States, Canada and Mexico even as lawmakers warned that U.S. business would be hurt by prolonged negotiations…
Roads leading to Ivory Coast's major cocoa port of San Pedro have reopened after a week-long closure caused by heavy rains, the prime minister's office said on Wednesday. San Pedro, the West African country's second largest port, is located…
Shipping confidence reached its equal highest rating in the past three years, according to the latest Shipping Confidence Survey for the three months to end-May 2017 from international accountant and shipping adviser Moore Stephens. The…
The Ports of Indiana announced that Metro Ports – the country's oldest stevedoring company – will become the new bulk terminal operator at the Port of Indiana-Burns Harbor. Starting July 1, 2017, Metro Ports will manage the loading and unloading…
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell for the fourth straight session on Monday, pressured by weaker capesize vessel rates. The overall index, which factors in rates for capesize…
Port Manatee and Chile are pursuing considerable opportunities to boost two-way trade, according to a Chilean official who visited the Central Florida Gulf Coast port Thursday [June 15].Garafulic, who spoke at the Manatee County Port Authority’s meeting and toured the port…
Japan’s port of Matsuyama welcomed NYK-operated M/V Nord Neptune, the first panamax coal carrier to visit the port, on June 10, 2017.The Ehime prefectural government and the Shikoku Regional Development Bureau of the Ministry of Land, Infrastructure…
Greece-based Seanergy Maritime Holdings announced that it has entered into a time charter contract with a major European utility and energy company for its recently delivered Capesize vessel. The 2012-built M/V Partnership will commence…
