Outside investors and other variables change the way that shipping firms manage risk. Investable assets include ships, freight and even the hedging of bunkers.'Shipping is now an investable asset,” was an important observation by analyst Tyler Rosenlicht…
Seizing opportunities in a rapidly changing marketThe global shipping industry is no stranger to challenge or change. With responsibility for delivering 90% of global trade, it has had to continually demonstrate an ability to adapt. Now, with…
Chinese shipbuilder on the SGX Main Board Yangzijiang Shipbuilding Holdings Limited announced that it has secured a shipbuilding contract for four 260,000DWT very large ore carriers (VLOC).The shipbuilding contract was secured from an Australia…
According to estimates, of the nearly 475m metric tons of rice produced globally in 2013, the largest producers were China (30% of the total) and India (22%). However, most of the rice produced in these countries is consumed domestically. By contrast…
A strike by port workers at Rosario, Argentina's biggest agricultural export hub, has been suspended, thanks to a government attempt to resolve a disagreement over wage hikes, a local business group said.The protest, which was holding up…
Ingram Industries Inc. announced the promotion of Vice President and Deputy General Counsel Eleanor McDonald to Executive Vice President and General Counsel and Secretary, effective July 1. Orrin H. Ingram, President and Chief Executive Officer…
Bulk Carrier, “Jupiter Bay”, managed by Synergy Group, was requested late on Friday night (2230 hrs, June 6) by the Maritime Rescue Coordination Centre in Rome, to respond to a humanitarian search and rescue operation in the Mediterranean involving a large number of people in small boats…
The buying interest from Greek ship owners is focused on bulkers to an increasing extent, BIMCO said. Data from VesselsValue.com reveal that Greek owners were at the buying end of 43% of all bulker sales completed so far in 2014. As of June 2014…
Hundreds of truck drivers blocked traffic arriving at southern Brazil's Paranagua port on Thursday to protest a policy that fines them for parking outside designated areas.Shipment of commodities like corn and soybeans was not affected, the port authority said in a statement…
Board Members to Proclaim the Many Merits of Maritime in New York.NYMAR (New York Maritime Inc.) Board members are heading to Athens next week to promote the multiple advantages afforded by the New York Maritime Cluster. Chief on the list…
Brazil's National Federation of Stevedores, known as FNE, on Wednesday scrapped a plan for a nationwide strike over hiring and pension practices in peak soy exporting season.'We have suspended the strike in order to give the government more time' to make an offer…
Inchcape Shipping Services (ISS) has announced the appointment of Matthew Phelps as Senior Vice President, Procurement and Operations Integration.Reporting to Suren Thadani, Chief Operations Officer of Integration Services at ISS, Matthew…
French port Marseilles Fos is aiming to play a link role in cargo bound from Belgium to North Africa and the Middle East following a presentation in Antwerp on May 15 to freight forwarders from Europe’s second biggest port.In a first-time initiative to attract business sourced in Antwerp…
Dry bulk shipping market prospects improving Time charter deals on ships becoming more attractiveGlobal miners and commodity traders are using multiple strategies to lock in favourable rates for shipping costs, anticipating a freight market recovery after years of turmoil…
Long established in the trucking, warehousing, cargo transfer and barging industry of Thailand, S.P. Inter Marine can be described as a broadly horizontally integrated firm. With a well constructed presence at Ayutthaya, about 80 kmup the Chao Phrya River from the Gulf of Thailand…
