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ICE Designs Electric Ferry

Feb 01, 2019

Europe’s independent ship design and marine engineering consultancy International Contract Engineering (ICE) Group said that it has recently developed a design for an all-electric ferry that can carry 200 passengers and 45 cars.The UK-based…

GIA Propels Just-In-Time Shipping

Feb 01, 2019

International Maritime Organization (IMO)'s  Global Industry Alliance to Support Low Carbon Shipping (GIA) brought together a wide range of industry stakeholders to discuss how to operationally make “Just-In-Time” (JIT) a global reality.Convening at IMO Headquarters in London (31 January)…

Brazos Pilots to Christen New Pilot Boat

Feb 01, 2019

Brazos Pilot Association President Captain Billy Burns said its newest boat, Brazos Pilot, is a vessel tailored to fit the job and provide the pilot association with performance dependability and the safety systems integration to fulfill their maritime mission…

Shipbuilding: Vigor Picks Expansion Site

Feb 01, 2019

West Coast U.S. shipbuilding and repair powerhouse Vigor has selected a Vancouver, Washington site to be the home for its new  all-aluminum fabrication facility.With a nearly billion dollar contract in its hip pocket to build the U.S. Army’s new landing craft over the next 10 years…

Shipbuilding: ONE Grus Delivered

Feb 01, 2019

Ocean Network Express Pte. Ltd. (ONE) has announced that ONE Grus, with a carrying capacity of 14,000 TEU, has been successfully delivered at Kure Shipyard of Japan Marine United Corporation. The sublet owner is Nippon Yusen Kaisha. This is ONE’s first delivery this year…

MWW Appoints Fornari as New CEO

Feb 01, 2019

Magnate Worldwide appointed Dante Fornari as its new Chief Executive Officer. Fornari is an accomplished executive with more than 25 years of experience in the Transportation and Logistics industries.As CEO of Magnate Worldwide, Fornari will assume overall responsibility for the strategic direction…

Becker Intros New Sail Tech

Jan 31, 2019

Hamburg-based Becker Marine Systems is now taking another step forward – wind operated vessels.'We will see different hybrid systems on board vessels in the future. There will be ships and services where sailing provides a real option for supporting propulsion…

Product Tanker Market Looks Up

Jan 31, 2019

The product tanker market registered a robust recovery in the fourth quarter of 2018, partially reversing the downward trend observed in the first nine months of the year, said Capital Product Partners.The Marshall Islands' tanker company said…

First LNG-Fueled Ferry in Mediterranean Starts Sailing

Jan 31, 2019

Spanish shipping company Baleària said its Hypatia de Alejandría, first liquefied natural gas (LNG)-fueled ferry on the Mediterranean, completed its first commercial trip between Barcelona and Palma.The ferry reached the Port of Barcelona last…

Navios Containers Updates on Fleet

Jan 31, 2019

Monaco-based container shipping company Navios Maritime Containers has exercised an option to acquire a 2011-built 10,000 TEU containership from an unrelated third party for a purchase price of $52.5 million.The containership is chartered out at a net rate of $26…

Shipping Activity Up in Amsterdam Port

Jan 31, 2019

Netherlands' port of Amsterdam welcomed a total of 41,424 barges and 7,525 sea-going vessels in 2018, including 180 sea cruise ships. The numbers for 2017 were 40,012 and 7,011, respectively.The seaport in Amsterdam said in a press release that…

HII to Build Two Carriers for US Navy

Jan 31, 2019

The United States Navy awarded Huntington Ingalls Industries’ Newport News Shipbuilding a contract for two aircraft carriers, the first of its kind since the 1980s.A notification from the office of the navy chief of information said that the…

Denmark Strengthens Ship Security

Jan 31, 2019

The Danish Maritime Authority (DMA) has taken steps to strengthen the safety and navigation of ships with new regulation on cyber security in the Danish maritime sector.As was underlined in the Danish governments’ recently released Cyber and Information Security Strategy for the Maritime Sector…

Hapag-Lloyd Redeems Bond Early

Jan 31, 2019

German-based container shipping line Hapag-Lloyd AG has decided to partially redeem EUR 170 million of its senior note on 11 February 2019 and prior to its maturity 2022 at a fixed redemption price of 103.375 percent.According to a press release from the transportation company…

Eastern Pacific Shipping, Techstars Launch Tech Accelerator

Jan 31, 2019

The international ship management company Eastern Pacific Shipping (EPS) has joined force with entrepreneur network Techstars to launch the first global maritime technology start-up accelerator.The EPS MaritimeTech Accelerator will be based…

Logistics News

Container Shipping Rates Plunge in Step with U.S. Demand for China Goods

Container Shipping Rates Plunge in Step with U.S. Demand for China Goods

World’s First Ship-to-Ship LCO₂ Transfer Completed in Shanghai

World’s First Ship-to-Ship LCO₂ Transfer Completed in Shanghai

Gulf Shipping Costs Fall After Israel-Iran Ceasefire

Gulf Shipping Costs Fall After Israel-Iran Ceasefire

US Goods Trade Deficit Increased in May, Exports Declined

US Goods Trade Deficit Increased in May, Exports Declined

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Canada passes law to expedite resource projects but faces opposition from Indigenous peoples
US demand for China's goods drops on tariff concerns; ocean shipping rates fall
Asian spot LNG prices drop as the supply disruption risk fades