The operator of a coaster ship which grounded in an environmentally sensitive area off the Northumberland coast has been ordered to pay nearly £73,000 in fines and costs after its crew failed to keep a proper lookout. On the evening of March 15…
Today, United States Steel Corporation President and CEO Mario Longhi joined fellow steel industry executives and Leo Gerard, international president of the United Steelworkers, in pressing Congress to maintain America’s economic and national…
IACS member classification society the Korean Register (KR) informs of the release of SeaTrust-HullScan, its ground-breaking software solution to analyze and appraise a vessel’s hull structure in accordance with the new harmonized common structural rules (CSR-H)…
Hong Kong company Shagang Shipping has successfully obtained an order for the arrest of the HNA Group controlled vessel 'MV Bulk Peace' from the Western Australia District Registry. The move is part of a long-running legal campaign seeking payment of USD 66…
OW Bunker, a physical distributor and reseller of marine fuels, announced the launch of a physical distribution operation in Australia. The move is part of OW Bunker’s strategy to further expand the company’s global physical distribution presence in key locations for customers…
Mutual insurers Steamship Insurance Management advises that a new iron ore fines (IOF) Schedule to the International Maritime Solid Bulk Cargoes (IMSBC) Code governing the carriage of IOF by sea, and an amended iron ore Schedule, are being given…
Shipping losses decline, but emerging risks pose serious challenges to marine industry, according to Allianz study. 94 large ships lost worldwide in 2013, down 20% from last year. Total ship losses in continental U.S. hits all time low…
A new study by Lloyds Register and University College, London, discusses the prospects of marine fuels in 'Global Marine Fuel Trends 2030', giving insights into future fuel demand for the containership, bulk carrier/general cargo and tanker…
Inchcape Shipping Services (ISS), a maritime services provider, announced a new hire within its Cargo Solutions division, with the appointment of Michael Ferguson as Vice President, Cargo Solutions, Terminals and Port Infrastructure.With…
Falmouth Coastguard has been assisting a cargo vessel which had six people on board and began sinking 12 miles east of the Lizard. The Sea Breeze is an 87m Barbados flagged cargo vessel with six crew onboard. It is carrying 2,750 tons of…
BIMCO's Chief Shipping Analyst Peter Sand will speak at Asia Pacific Maritime (APM) 2014 in Singapore on 19-21 March 2014.The title of the BIMCO contribution is “The economics of ECO-ships,” and the presentation will take place on Thursday…
China’s aim of 7.5% GDP growth for 2014 is positive news for the shipping market – in particular, dry bulk, the Baltic and International Maritime Council (BIMCO) said in a report published today.Despite being a little down on the 2013 GDP growth of 7…
Goldman Sachs' head of oil and agricultural trading, Karl Robijns, is retiring from the firm, an internal memo seen by Reuters showed.London-based Robijns, who first joined Goldman as an oil trader in 1998, has headed the bank's global oil…
Notable accomplishments in revenue generation, cargo throughput, professional performance and international recognition highlighted today's monthly meeting of the Port Commission of the Port of Houston Authority (PHA).Executive Director Roger Guenther…
NJDOT wants Jones Act Waiver. U.S. Senators Robert Menendez (D-NJ) and Cory Booker (D-NJ) have jointly sent a letter to both U.S. Department of Homeland Security (DHS) Secretary Jeh Johnson and U.S. Department of Transportation Secretary…
