Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodities, dipped on Thursday, pressured by weaker demand for capesize and panamax vessels.The overall index, which factors in rates for capesize, panamax…
The U.S. economy shows signs of extending its nine-year expansion with the help of tax cuts and strong business and consumer confidence.Both the longevity of the expansion and the apparent limited slack in the labour and product markets suggest…
China's COSCO Shipping Holdings Co Ltd on Thursday said first-half profits fell 97.8 percent as it grappled with higher costs and a slide in freight rates.China's largest shipping group, which has bought a Hong Kong peer to become the world's third-largest container liner…
Canadian Foreign Minister Chrystia Freeland said on Wednesday she remained optimistic about progress on negotiations with the United States over a revamp of the North American Free Trade Agreement, but said there was a 'huge amount of work to do…
Capesize rates marked its lowest in 7-weeks as the Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, fell on Wednesday.The overall index, which factors in rates for capesize, panamax and supramax vessels…
Broward County’s Port Everglades will receive more than $2.25 million in U.S. port security grants to advance firefighting capabilities and enhance the seaport’s security infrastructure.The FY 2018 Port Security Grant Program (PSGP) awards were announced on Friday by the U…
Mercy Ships Cargo Day, an annual event established by the worldwide shipping community in 2016, has announced a $1 million target goal for 2018.The event, held Oct. 3, provides the opportunity for the shipping and trading community around the…
U.S. Dredgers Weigh in on Infrastructure, U.S. Capabilities and the road ahead.Domestic dredging firms face many challenges in the coming months and years. At the same time, opportunities abound in a market and political climate that seems to beg for infrastructure upgrades…
Cosco Shipping Ports (CSP), one of the world’s largest container terminal operators, said despite the the US-China trade war, as it posted a 70.1 percent jump in adjusted profit for the first six months ended 30 June 2018.'2018 is a year full of challenges…
Tank terminal transactions will further strengthen Odfjell SE but the company experienced another challenging quarter in the chemical tanker markets.The second quarter 2018 results reflect the impact of the sale of the Rotterdam terminal, while…
Denmark-based shipping company Hafnia Tankers is exploring the possibility of consolidation with BW Tankers, part of BW Group, Hafnia’s CEO Mikael Skov said.In its half year results statement Hafnia said: “Hafnia is exploring the possibility of consolidation with BW Tankers…
ZIM Integrated Shipping Services (ZIM) reported total revenues were $803.2 million in Q2 2018, compared to $745.7 million in Q2 2017, an increase of 7.7%. It carried 772 thousand TEUs, an all-time record (reflecting a growth of 17.1% compared to Q2 2017)…
During the first six months of this year, container volumes at the Port of Gothenburg rose by 19 per cent, from 318,000 to 378,000 TEUs.The number of cars and intra-European ro-ro units shipped increased by ten and four per cent respectively…
The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, was nearly flat on Wednesday, as weaker capesize rates were countered by stronger demand for panamax and supramax vessels.The overall index…
China's Sinopec Corp has teamed with Zhejiang Energy Group Co Ltd on a 3 million tonne-per-year liquefied natural gas (LNG) terminal in east China, with the first phase set for operation at end-2021, the state oil giant said on Wednesday.The project…
