U.S.-based fund manager Breakwave Advisors is launching the first exchange-traded fund (ETF) focusing on freight futures, reflecting growing investor interest in shipping as it emerges from a near-decade long crisis, a regulatory filing showed…
Morgan Stanley's top executive said on Wednesday that potential tariffs on steel and aluminum that U.S. President Donald Trump is expected to sign later this week are a 'bad idea.' 'The biggest issues this country faces are not trade deficits…
This year, more than 2 .1 million sea travellers are expected in Kiel and 600,000 of them – or 17 % more than last year - will be cruise ship passengers. More than 1.5 million ferry ship passengers are also expected. Dr Dirk Claus, Managing Director of the Port of Kiel (SEEHAFEN KIEL GmbH & Co…
To continue growing the maritime cluster and capturing new opportunities, the Maritime and Port Authority of Singapore (MPA) will strengthen the connectivity and inter-linkages of Singapore’s maritime cluster, build a vibrant innovation ecosystem…
International Container Terminal Services, Inc. (ICTSI) reported audited consolidated financial results for the year ended 31 December 2017, posting revenue from port operations of US$1.244 billion, 10 percent higher compared to US$1.128 billion in 2016…
Transinsular announced the 'Lince Class', the fastest maritime connection with Cape Verde from Portugal (Leixões / Lisbon) and the Canary Islands (Las Palmas). And therefore, the most competitive solution for exporting products from Portugal…
Seaspan Shipyards (Seaspan) has appointed Christof Brass as Chief Financial Officer (CFO).Christof brings over 20 years of experience successfully delivering large, complex programs for multinational companies. With an extensive back-ground in strategic financial planning and analysis…
The Government of India has got a budget allocation of INR 228 crore (USD 35.1 mln) for the development of Inland waterways transport, which also includes INR 126 crore (USD 19.4 mln) for North Eastern Region, for the year 2017-18. The…
INTTRA, a neutral electronic transaction platform, software and information provider at the center of the ocean shipping industry, today announced significant growth in its carrier network with the recent addition of four new carriers, including Evergreen Marine Corporation…
E*DRAY is a Digital Port Logistics Platform dedicated to Transforming Inefficient Container Shipping Industry Practices. E*DRAY, the container shipping industry's first collaborative port logistics technology platform, delivers a new coordinated…
Fitch Ratings-London-01 March 2018: Sustaining last year's improved profitability in 2018 may prove challenging for container shipping companies, Fitch Ratings says. The fact that some companies are likely to have remained loss-making in 2017…
Antwerp and Dakar port authorities are to collaborate more closely in the next few years. In this way Antwerp, the second-largest port in Europe, seeks to reinforce its historic position as leader on the coast of West Africa. The Senegalese…
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, gained nearly 1 percent to rise for a third straight session on Friday, driven by firmer rates for capesize vessels. The overall index…
Evergreen Launches New Electronic Documentation Function in Partnership with Bolero International. Evergreen Line introduces paperless Bill of Lading (B/L) and dispatch documentation via its ShipmentLink digital portal, enhancing connectivity for exporters and importers with banks…
Logistec Corporation announced the expansion of its network of terminals through the strategic acquisition of Gulf Stream Marine. This transaction will allow Logistec to establish a stronghold in the U.S. Gulf, strengthen its position in a high-growth market in the United States…
