The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Monday for the eleventh straight session, supported by higher rates for capesize and panamax vessels.The overall index, which factors in rates for capesize…
South Korea's Hyundai Merchant Marine (HMM) suffered an operating deficit of USD 112 million in the second quarter, the company said in a regulatory filing. The third quarter will bring much better results, says the carrier. Yonhap News…
The European Commission released its report on the viability of a financial incentive for sustainable ship recycling under the EU Ship Recycling Regulation this week. Whilst it acknowledges the benefits for clean and safe ship recycling such an incentive would bring…
Indian government is committed for infrastructure development and the track record of last three years has increased the faith of the investors which has resulted in 76 times oversubscription of IPO of Cochin Shipyard (CSL), a government flagship company…
U.S grant funds will support $19.7 million expansion of port's multimodal infrastructure The U.S. Department of Transportation (DOT) has recommended to Congress that the Port of Indiana-Burns Harbor receive one of 10 FASTLANE small project grants for 2017…
Marine and offshore vessel management and support services provider V.Group said it has acquired Graig Ship Management Ltd, part of Graig Shipping PLC, which has developed a reputation for new build supervision and ship management of dry bulk vessels…
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, jumped more than 4 percent on Friday as demand for capesize and panamax vessels remained strong.The overall index, which factors in rates for capesize…
The Belgium-based crude oil tanker company Euronav has taken affirmative action in response to a weaker tanker background, said a press statement from the company. The Company has a strong balance sheet with low leverage and access to…
Federal Maritime Commissioner William P. Doyle issued a statement addressing THE Alliance’s filing of an amendment to add further detail to protections in the event of an insolvency. I am pleased that The Alliance is seeking Federal Maritime Commission authority to form…
The Coast Guard Foundation, a nonprofit organization committed to the education and welfare of all U.S. Coast Guard members and their families, announced that in 2017 it has awarded a record 166 new scholarships. Combined with 10 multi-year scholarship recipients and three Fallen Heroes Scholars…
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, notched its biggest one-day percentage gain in five months on Thursday, buoyed by soaring demand for larger vessels. The index, which factors in rates for capesize…
Commodities trader Noble Group reported a second- quarter loss of $1.75 billion on Thursday, weeks after warning it faced its steepest quarterly loss in a year and a half and would slash jobs and sell assets to cut debt. Once Asia's largest commodities trading house…
Argentina's government published a decree on Thursday eliminating or reducing tariffs on imports of used equipment for oil and natural gas companies, a measure long sought by the industry, but it included requirements to buy some locally produced goods…
While inclusion with the International Association of Top Professionals is an honor in itself, only a few members in each discipline are chosen for this distinction. These special honorees are distinguished based on their professional accomplishments…
Because any port is only as efficient as its weakest link, so-called P3 funding will be the key to driving the future intermodal equation. Seaport and marine terminal finance draws from a wide range of funding sources, often combined to pay for a particular project…
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