Ocean freight costs are likely to remain high in 2022 as investors and regulators scramble to accelerate decarbonization of the shipping industry and companies grapple with green financing, sources say.Shipping, which transports about 90% of…
The first vessel has sailed from the Mississippi River with a draft of 47.7 feet following the newly increased draft at 48 feet.The M/V CSSC Le Havre, operated by Cargill International with a cargo from Alliance Coal, LLC, is destined for the Far East and loaded over 112…
U.S. Great Lakes ports and the St. Lawrence Seaway are reporting a rush of activity as manufacturers stockpile raw materials and businesses take advantage of the congestion-free waterway to export overseas with just two weeks left of the season…
Canadian shipping company Algoma Central Corporation has implemented Marine Learning Systems’ training platform to support employee development and Algoma’s Environmental Compliance Plan. The training management solution allows for on-demand reporting and anytime…
BIMCO has appointed Niels Rasmussen as its Chief Shipping Analyst who will take up his new role on January 3,2022.Most recently Rasmussen was Global Head of Research at Maersk Broker, a role he held for six years focusing on the main shipping segments…
Synergy Marine Germany GmbH, a subsidiary of the Synergy Group, signed an agreement to manage part of the bulk carrier fleet owned by Oldendorff Carriers, one of Germany’s foremost shipowners and one of the world’s leading dry bulk operators…
NYK conducts third successful biofuel trial on ship carrying Tata Steel cargoThe bulk carrier Frontier Sky, which is owned by NYK and operated by Tata NYK Shipping Pte. Ltd., conducted a trial use of biofuel to transport cargo provided by Tata Steel Limited…
U.S.-based dry bulk shipping company Eagle Bulk Shipping on Thursday announced ithas appointed Costa Tsoutsoplides to the newly created chief strategy officer position. In this role, Tsoutsoplides will have broad responsibilities in developing…
Canada Steamship Lines (CSL) set a new record at the Viterra terminal in the Port of Thunder Bay yesterday, when it loaded 31,362 metric tonnes of grain on CSL Welland, breaking the previous record of 31,143 metric tonnes. The cargo of wheat will be discharged in Montreal…
Iron ore and limestone shipments rose 32.4% and 8.3% respectively in October, according to the Lake Carriers' Association (LCA). Shipments of iron ore on the Great Lakes totaled 5.5 million tons in October, an increase of 32.4% compared to a year ago…
With nearly 230,000 tons of cargo shipped through the Port of Green Bay in October, shipments have now reached 1,575,114 tons for 2021. That puts the Port well within reach of its annual target of 2 million tons with 2+ months of shipping remaining in the current shipping season…
The Baltic Exchange's dry bulk sea freight index climbed on Tuesday, lifted by firmer rates in the larger capesize and panamax vessel segments.The overall index, which factors in rates for capesize, panamax and supramax vessels, rose by 87 points…
Smaller-than-expected soybean harvests in the major production states of Indiana, Iowa, Kansas and Ohio sparked a surprise cut to the U.S. harvest outlook, the government said on Tuesday.But U.S. corn production will be bigger than previously projected as farmers recorded their biggest yield ever…
The Baltic Exchange's dry bulk sea freight index declined to its lowest in nearly three months on Monday, as rates across its vessel segments weakened.The overall index, which factors in rates for capesize, panamax and supramax vessels, fell by 91 points…
Food traders are switching from containers back to dry bulk vessels to transport refined sugar and rice, hoping to avoid shipping delays caused by container shortages and port congestion that the industry is calling 'containergeddon', according to traders…
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