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…
Seafarers’ charity Apostleship of the Sea (AoS) has been providing support to crew struggling to keep shipping going despite the recent severe storms in the U.K.In Falmouth two seafarers injured as a result of severe storms are being cared…
Inchcape Shipping Services (ISS) has announced a key hire in its Cargo Solutions division. Vincent Mazzone, a dry bulk supply chain and risk management professional, has been appointed to the newly created Geneva-based role of Vice President Cargo Solutions Business Development…
A bipartisan group of Great Lakes senators, led by Great Lakes Task Force co-chairs Sen. Carl Levin and Sen. Mark Kirk, wrote today to Army Corps of Engineers leaders, urging them to direct additional funding for harbor maintenance projects to reduce the backlog of projects in the Great Lakes…
Mitsubishi Heavy Industries, Ltd. (MHI) has entered into an agreement with Odense Maritime Technology A/S (OMT) of Denmark, a provider of ship design services, on collaboration in ship engineering business. The companies said they plan to combine…
While steaming some 700km west of Guam on January 20, Mitsui O.S.K. Lines, Ltd. operated coal carrier C. S. Sunshine rescued all 24 Chinese crew members of a disabled freighter January 20.At 8:15 a.m. (local time) on January 20, the Panama-registered C…
Euroseas Ltd. has announced that it entered into an agreement to sell 25,000 shares of its Series B Convertible Perpetual Preferred Shares to a fund managed by Tennenbaum Capital Partners, LLC (TCP) and 5,700 shares to Preferred Friends Investment Company Inc…
