The London P&I Club saw further growth in its mutual owned entry following the conclusion of the recent P&I renewal season.The club’s director of underwriting, Reto Toggwiler, says, “Our mutual membership saw year-on-year growth of approximately of 3…
U.S. crude stocks rise to 454.5 mln barrels as crude exports from U.S. hit record 3.6 mln bpd.Oil prices rose on Friday, supported by OPEC's ongoing supply cuts and hopes that Washington and Beijing may soon end their trade dispute.International Brent crude futures hit a new 2019 high of $67…
Hapag-Lloyd Cruises is introducing a new user-friendly concept for digital learning that is new to the expedition ship world, as the Hanseatic Nature, Inspiration and Spirit will feature an innovative touch wall when they launch.The study wall will measure 6 meters by 1…
Jaxport, the port of Jacksonville, Florida, had its best ever January container volumes, with total container movements increasing 16 percent over the same period last year.Nearly 121,400 twenty-foot equivalent units (or TEUs, the industry standard…
Uncertainty mounts in dry bulk shipping against a backdrop of weaker growth in Chinese imports, said BIMCO.'The extent of the freight rate recovery in 2018 was limited – when compared with initial expectations – by a faster-growing fleet. Q4-2018 wasn’t as strong as it often is either…
A report into the RORO passenger ferry, Pride of Kent, striking a jetty and grounding in Calais, France on 10 December 2017 has now been published by UK’s Marine Accident Investigation Branch (MAIB).It said that the ferry Pride of Kent struck a jetty and then grounded while departing Calais…
Chang Keun Yoo, president and CEO of South Korea container line Hyundai Merchant Marine (HMM) has decided to resign from his position next month.Chang-Keun Yoo has been Chief Executive Officer and President of Hyundai Merchant Marine Co. Ltd since April 02…
The throughput of LNG - liquefied natural gas - as bunker fuel in the Rotterdam bunker port increased considerably from 1,500 to 9,500 tonnes in 2018.Meanwhile, the sale of bunker oil - fuel for shipping - in the bunker port decreased from 9…
Danish shipping group Moller-Maersk said that although it had a challenging start to 2018, looking at the financial performance, it increased earnings despite significantly higher bunker fuel prices and lower than expected container volume growth in the second half of 2018…
Progress on the transformation of A. P. Moller - Maersk continued in 2018. Customers benefited from integrated offerings, digital solutions and robust network improvements. Since 2016, the topline has grown by 43%, to $39bn in 2018, an additional $12bn in turnover…
The Princess Royal visited City of Glasgow College’s Riverside campus to mark 50 years of maritime education and training on the banks of the River Clyde. Her Royal Highness was given a tour of the campus’ technologically advanced facilities…
Witherbys, in conjunction with BIMCO and International Shipcare, released the Ship Lay-up Guide this week.This new publication is a comprehensive guide to best practice when placing a ship into lay-up and is an essential aid for any ship owners/managers considering ship lay-up…
The Little Rock Port Authority (LRPA) and its stevedore partner, LSI, worked 39 barges and more than 58,000 net tons of cargo loaded or unloaded from barges.The slackwater dock handled 30 barges; nine were worked at the main river terminal. Commodities handled included nepheline syenite…
Inmarsat was chosen to provide connectivity through Fleet Xpress for Lindblad Expeditions-National Geographic’s new adventure cruise ship, National Geographic Venture.The expedition ship, designed to explore the coastal waters, shallow coves and fast-moving channels where wildlife congregates…
Global grains merchant Bunge Ltd reported a fourth-quarter loss on Thursday as fallout from the U.S.-China trade war dragged down soybean prices in Brazil.Shares of the White Plains, New York-based company slumped nearly 4 percent in premarket trading to $50…
