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…
The Georgia Ports Authority Board approved Monday $86.5 million to purchase four new ship-to-shore cranes and 20 new rubber-tired gantry cranes (RTGs) used to handle containers at Garden City Terminal. “Our continued infrastructure investments…
NewLead Holdings Ltd. (NASDAQ: NEWL) said that 'Newlead Albion', a 2012-built dry-bulk eco-type Handysize vessel of 32,318 dwt, was delivered to NewLead's fleet on Monday, May 19, 2014.The Newlead Albion is trading on the spot market and is expected to generate $2…
Aberdeen Harbor has reported its results for 2013, with vessel tonnage exceeding 28 million metric tons for the second year in succession, and nearly 4.9 million metric tons of cargo crossing the quayside.Strong activity across the Harbor’s…
Hoover Container Solutions, a subsidiary of Hoover Group, Inc., announced that Rod Branch has joined Hoover as Vice President of Human Resources. He will report directly to Paul Lewis, President of Hoover.Branch’s responsibilities include talent acquisition…
Drewry’s latest Dry Bulk Forecaster saw freight rates on most routes declined in 2014’s first quarter as the previous quarter’s tonnage supply crunch eased out. The fourth quarter of 2013 proved to be an exception as rates surged despite modest…
The Great Lakes Maritime community will honor Former Rep. James Oberstar on Thursday, May 8. All U.S.-flag vessels working the Great Lakes will lower their flags to half-mast in honor of Congressman Oberstar.Also on May 8, at almost the same time funeral services for Congressman James L…
Ulrich Ulrichs, Chief Operating Officer of Rickmers-Linie has been promoted to Chief Executive Officer of the heavy lift and project cargo liner service specialist, with effect from May 1, 2014. In this context Rüdiger Gerhardt has passed on the role of Global Head of Rickmers-Linie to Ulrichs…
The award is in recognition of his “outstanding, significant and unique achievements, and extensive contributions” to the offshore industry, and is presented at the Annual OTC Dinner Sunday, May 4.Carl Arne Carlsen’s career highlights coincide with major developments in the offshore industry…
The UK P&I Club says it has received reports of a number of accidents and injuries to crew members resulting from the inadvertent release of highly toxic phosphine gas or the effects of fires and explosions, both caused by the unsafe disposal…
The Shipping Professional Network in London (SPNL) hosted its first event of 2014, sponsored by Norton Rose Fulbright and BIMCO, held at the Norton Rose Fulbright offices in London. John Denholm (President of BIMCO & Chairman and Chief Executive…
Independent source of maritime market information for the trading and settlement of physical and derivative contracts, London's Baltic Exchange says it will be making changes to the Baltic Capesize Index including a change to its vessel description…
Swiss-based commodity trading house Gunvor opened this month a new trading office in Shanghai dedicated to Chinese domestic business, the company on Tuesday, as it aims to expand its presence in Asia.Gunvor China Trading Ltd, set up in the Shanghai Free Trade Zone…
The Japanese government has expressed its concerns to China via diplomatic channels over the seizure of a Mitsui O.S.K. Line Ltd ship by a Chinese court in connection with a case over wartime claims, Kyodo news agency reported on Monday.A…
