Tramarsa has taken delivery of a Damen Cutter Suction Dredger (CSD) 450. Tramarsa will be providing the tools to its subsidiary company Salaverry Terminal Internacional (STI), which will be using the new vessel for maintenance dredging tasks in the Port of Salaverry…
China said on Monday that it hoped to make a trade deal with the United States as soon as possible, amid intense discussions before fresh U.S. tariffs on Chinese imports are due to kick in at the end of the week.Beijing hopes it can reach a…
Dutch dredging and heavylift company Royal Boskalis Westminster N.V. (Boskalis) has received the Provisional Letter of Acceptance for the Design and Construction contract for the Pasay Reclamation Development Project in Manila Bay, Philippines in cooperation with CHEC from China…
Petroleum and chemical tanker owner AET Tanker Holdings has been awarded three long-term time charter contracts by Brazil Shipping I Limited, a Shell group entity.The subsidiary of Malaysia’s maritime solutions and services provider MISC Berhad…
Broward County's Port Everglades Department and the Dominican Republic Port Authority have signed a Memorandum of Understanding (MOU) as part of a joint Sister Seaports agreement.The MOU will promote bilateral trade. The two parties want to…
During the December meeting of the JAXPORT Board of Directors, the Board unanimously voted to extend CEO Eric Green’s contract through fiscal year 2024. The new five-year contract is effective October 1, 2019.Green has been with JAXPORT since 2005 and was named CEO in 2017…
CME Group on Thursday said it would add two more delivery points for its WTI Houston crude futures contract, pending regulatory review, as it seeks to provide customers with additional options to hedge physical price risk.* Beginning with the March 2020 contract…
Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Ausca Shipping Limited, Hong Kong, for one of its Kamsarmax dry bulk vessels, the m/v Myrsini.According to the global…
Singapore based shipowner and operator Grindrod Shipping announced a number of transactions relating to the extension of its IVS Bulk joint venture, implementation of a financing arrangement and a fleet update.Grindrod Shipping has extended…
The Baltic Exchange's main sea freight index rose for a seventh consecutive session, helped by growing demand for ships across vessel segments.The Baltic index, which tracks rates for capesize, panamax and supramax vessels that ferry dry bulk commodities…
Diana Shipping reported net income of $1.8 million and net income attributed to common stockholders of $3 million for the third quarter of 2019. This compares to net income of $14.8 million and net income attributed to common stockholders of $13…
The Trump administration assured U.S. banks on Wednesday that they can temporarily process U.S. dollar transactions on Chinese shipping companies it had previously sanctioned for allegedly transporting oil from Iran, in a move meant to blunt the impact of the sanctions on global shipping markets…
The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodities, inched up on Wednesday, helped by stronger demand across all vessel segments.The Baltic index, which tracks rates for capesize, panamax and supramax vessels…
Freight rates down from multi-year highs as the market fundamentals make themselves felt.The fundamental balance in the market has worsened in 2019 with supply growth outstripping demand, and BIMCO expects that this will continue into 2020.Demand drivers and freight ratesAfter peaking in September…
Atlantic Container Line (ACL), a Grimaldi Group Company, has agreed a new 15-year contract extension for container and roll-on/roll-off operations at the Port of Liverpool until 2035. Peel Ports Group is making a significant investment at RSCT to accommodate ACL’s new fleet of G4 vessels…
