ABS announced its participation in the World Shipping (China) Summit 2015, November 5-6, in Guangzhou, China, where ABS Senior Vice President and Chief Technology officer Howard Fireman spoke about changes in the global shipping industry.In…
Rickmers Group will migrate to multiband VSAT (Very Small Aperture Terminal) from Marlink Maritime VSAT for its fleet of 90+ vessels including containerships, bulk carriers and heavy lift vessels, in a move that aims to improve operational…
U.S. Coast Guard air crews medevac Ukrainian from bulk carrier 130 miles east of Cape Cod, Mass. A Ukrainian sailor in distress was medically evacuated by U.S. Coast Guard Crews Monday, 130 miles east of Cape Cod, Mass. Watchstanders…
Inchcape Shipping Services (ISS), the marine, cargo and supply chain solutions provider, said it is continuing its expansion program in the Black Sea region with the opening of a new office in Ukraine.Situated in Odessa, this new base is…
Shipping company NYK announced it has switched the coffee served inside its head office reception rooms to a brand carrying the International Fairtrade certification mark. More than 50,000 cups of coffee are served in the NYK head office reception rooms every year…
While, weak spot prices and higher futures prices created demand for oil tankers has boomed, bulk carriers have been hit by massive overcapacity, as Chinese demand for such commodities has collapsed, says latest report from the Economist. The…
Worse is still to come for many bulk carriers, warns a report in the Economist that claims that the dry-bulk cargo shipping has hit the bottom. Between the start of the financial crisis and January this year Baltic Dry Index - a measure of bulk freight rates—had fallen by 95%…
The annual Tripartite meeting between shipowners, shipbuilders and classification societies was held in Seoul, Republic of Korea on 16 and 17 October 2015. The meeting was attended by 100 high level representatives of the industry, including…
Marine, cargo and supply chain solutions provider Inchcape Shipping Services (ISS) has won a new contract with MSI Ship Management Pte Ltd to provide crew logistics services (CLS) across the globe.Under the new contract, MSI Ship Management will assign numerous vessels including bulk carriers…
Emco Wheaton, a manufacturer and supplier of equipment for liquid, gas and dry bulk products, has announced two additions to the Americas sales team with Holly Damude taking on the role of DRY-BREAK Product Specialist and Eric Rodriguez appointed as Territory Sales Manager…
Hindustan Shipyard Limited (HSL) may sell its bulk carrier under construction at the yard to the Indian Navy, reports the Hindu. Goodearth Maritime Limited (GML) has failed to settle its dues for nearly a year after placing the order under Diamond Series of 53…
Freight rates for very large crude carriers (VLCCs) could face drop further next week on excess tonnage supply and lower cargo volumes, reports Reuters. A Singapore based VLCC broker said that there’s no upside. Rates will either be flat or on the downside…
Financially-troubled Japanese dry bulk specialist Daiichi Chuo Kisen Kaisha plans to halve its current long-distance shipping fleet, reports Nikkei. The debt-ridden shipowner under civil rehabilitation proceedings, also plans to improve profitability by updating charterage to shipowners…
Though Russian ports have seen a general decline in the number of containers handled, multimodal operator Ruscon reports it has seen its own numbers rise.Ruscon, a subsidiary of Russian container transport company Global Container Service (GCS)…
The Transportation Safety Board of Canada (TSB) is deploying a team to Trois-Rivières, Quebec, following the collision between the bulk carrier Desert Rhapsody and the tug Ocean Basque. The TSB will gather information and assess the occurrence…
