Contracts News

 

Steel Cut on Second Costa Cruise Ship

Jul 30, 2019

The steel cutting ceremony of the second Costa Cruises ship build at Meyer Turku commenced with new traditions: The brand new plasma cutter line was used for the first time in a production start ceremony.Costa Cruises’ Costa Toscana will be…

ICS Weighs in on Proposed Panama Canal Tolls

Jul 30, 2019

Global Shipping Industry Delivers Comments to Official Consultation on Proposed Modifications to Panama Canal Tolls.The Panama Canal Authority (ACP) is conducting a public consultation on a proposal to adjust the Panama Canal tolls for containerships…

ZEAMARINE Secures Largest Contract to Date

Jul 30, 2019

ZEAMARINE has successfully been awarded a large ocean transportation contract from Schenker Australia Pty Limited for the BHP South Flank Project in Western Australia. The project scope encompasses the transportation of approximately 450,000 freight tons from China to Port Hedland…

Iranian Ship Departs Brazil, Second Bulker to Follow

Jul 30, 2019

An Iranian ship called Bavand, which had been at the heart of a geopolitical spat between Brasilia and Tehran, set sail from Brazil on Monday after receiving fuel from state-run Petroleo Brasileiro , the port of Paranaguá said.Meanwhile, a second Iranian ship…

Panamax, Supramax Rates Drag Baltic Index

Jul 30, 2019

The Baltic Exchange's main sea freight index fell for a sixth straight session to a more than two-week low on Tuesday following weak demand for panamax and supramax vessels.The Baltic index, which tracks rates for ships ferrying dry bulk commodities…

DP World to Boost Turkish Capacity, Mulls Acquisitions

Jul 30, 2019

Port operator DP World intends to increase its capacity in Turkey's western Yarimca port by 30% with $50 million investment by Q2 2020, its Turkish unit's chief executive Kris Adams said.Speaking to reporters in Istanbul, Adams also said that…

Port of Oakland Okays Long-Term Lease for Box Logistics

Jul 29, 2019

Shippers Transport Express has deal to keep moving boxes away from docks. A program that accelerates Port of Oakland cargo flow has a new lease on life…literally.  Port Commissioners last week approved a firm’s 13-year lease to continue moving loaded import containers off Oakland docks…

Baltic Index Dips as Panamax Rates Slide

Jul 29, 2019

The Baltic Exchange's main sea freight index fell to a more than two-week low on Monday, weighed down by weaker rates for panamax vessels.The Baltic index, which tracks rates for ships ferrying dry bulk commodities, fell 0.8%, or 15 points, to 1…

China: U.S. Shipped 'several million tonnes' of Soybeans

Jul 29, 2019

The United States has shipped several million tonnes of soybeans to China since the two country's leaders met in June, Chinese state media said on Sunday, ahead of fresh trade talks in Shanghai this week.Chinese companies have made inquiries about buying U…

SPA Nod for Maersk to Operate in All Saudi Ports

Jul 29, 2019

Saudi Ports Authority has issued a license to the local subsidiary of Maersk to operate in all ports in Saudi Arabia, state news agency SPA reported on Monday.Maersk currently has weekly containerised shipping services to the ports of Jeddah…

Fourth Global Regulatory Summit Held at FMC

Jul 26, 2019

Senior government officials from the European Union (EU), the People’s Republic of China (PRC), and the United States met Wednesday at the Washington, D.C. headquarters of the Federal Maritime Commission (FMC) to participate in the Fourth Global Regulatory Summit…

Canadian Navy Awards ELMS2 Contract to BMT

Jul 26, 2019

BMT Group  (previously British Maritime Technology) announced that it has been awarded the Engineering, Logistics, and Management Support 2 (ELMS2) contract by the Canadian Department of National Defence (DND).According to the provider of focused solutions to projects in the energy…

DOT Secretary Chao Announces Infrastructure Grants

Jul 25, 2019

Department Proposes $856 Million in INFRA Grants. The U.S. Department of Transportation today announced $855,950,000 in proposed grants through the Infrastructure for Rebuilding America (INFRA) discretionary grant program. “This significant federal investment will improve major highways…

Rotterdam Port Traffic at Record Volume

Jul 25, 2019

Trade volumes at the port of Rotterdam reached a record in the first half of the year, as Europe's largest port handled more container goods and imports of oil and liquefied natural gas (LNG).The Dutch port was cautious about prospects for the rest of the year…

Brazil: No Trade Impact to Iran Shipping Impasse

Jul 24, 2019

Brazil's foreign trade secretary Lucas Ferraz said there are no signs that the impasse involving Iranian ships without fuel near Brazilian ports will affect bilateral trade relations.So far, Ferraz said, there has been no impact on Brazilian exports to Iran…

Logistics News

India Approves More Russian Insurers to Provide Marine Cover at Ports

India Approves More Russian Insurers to Provide Marine Cover at Ports

Egypt's Suez Canal Offers 15% Discount to Win Back Big Container Ships As Trade War Stabilizes

Egypt's Suez Canal Offers 15% Discount to Win Back Big Container Ships As Trade War Stabilizes

DynaMoor Mooring Put to the Test in Japan

DynaMoor Mooring Put to the Test in Japan

Net Feasa Unveils Agentic Control Tower Shipping Container Booking Platform

Net Feasa Unveils Agentic Control Tower Shipping Container Booking Platform

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Ukraine increases minimum export prices of corn and wheat
The Panama Canal Authority reports that the number of vessels transiting the canal has increased to 34 per day.
Brazil's Lula seeks trade ties with Beijing, as China and Trump spar.