The Baltic Exchange's dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, retreated on Tuesday rates dipped across all vessel segments.The index, which factors in rates for capesize, panamax and supramax shipping vessels…
Vessels of Russia's so-called shadow tanker fleet will be boarded or put on a sanctions list if they do not provide proof of insurance, Estonia's prime minister said on Tuesday.'Shadow fleet' refers to vessels used by Russia to move oil, arms…
Tanco Terminals is constructing a $8.2 million expansion of its liquid tank farm at Ports of Indiana-Burns Harbor to support growth in Lake Michigan shipments. Tanco is a third-generation, family-owned business operated at the port since 1977…
Anemoi Marine Technologies completed the installation of five Rotor Sails onboard the 400,000 dwt Very Large Ore Carrier (VLOC), Sohar Max, making it the largest vessel to receive wind propulsion technology to date. Sohar Max is a first generation Valemax…
Stowaways are an ongoing issue for the security of ships and the safety of crew members, as well as incurring substantial associated costs for shipowners and insurers. Worldwide, information about stowaways is incomplete and incidents are under-recorded…
Argentina’s TecPlata terminal has been certified by the Argentine Naval Prefecture to handle docking maneuvers for Neo-Panamax vessels.The accreditation makes TecPlata the first terminal in Buenos Aires and in the country capable of receiving these large ships…
The European Commission is actively following up to the European Citizens’ Initiative (ECI) 'Stop finning – Stop the trade,' which asked the Commission for action to end international trade of loose shark fins.From January 2025, the Commission…
All American Marine (AAM) has announced a partnership with San Francisco Bay Ferry to build their 150-passenger battery-electric vessels. This landmark project will contribute significantly to advancing sustainable passenger transport in the…
Port Houston Container Volumes Up 24% in November.Port Houston is on track to close 2024 as one of its most successful years to date, handling 3,799,573 twenty-foot equivalent units (TEUs) through November—a 9% increase over the same period last year…
A rush to replenish scarce supply of high-sulphur fuel oil (HSFO) pushed Northwest European imports of residual fuel oil to their highest in three years in November, analysts told Reuters.The Amsterdam-Rotterdam-Antwerp (ARA) area, Europe's main trading and refining hub…
Ukraine said on Monday Russia was to blame for a major oil spill in the Kerch Strait that leads into the Black Sea, accusing Moscow of breaking navigation safety rules by using old tankers and keeping two vessels at sea during a storm.A Russian oil tanker split apart during a storm on Sunday…
President Joe Biden's administration will release as soon as Tuesday a study on exports of liquefied natural gas that is expected to stop short of saying the trade is not in the public interest, two industry sources with knowledge of the issue said…
The Mosel in west Germany was partially reopened to cargo shipping on Monday after a temporary lock was installed over the weekend, but the number of vessels able to sail will be limited, navigation authorities said.The river, an important transit…
Finland will replace one of its eight existing icebreakers with a new vessel to secure open routes in the Baltic Sea year round, the Finnish government said on Monday.The announcement followed the signing of an 'ICE Pact' last month, a deal between the United States…
Political winds blowing a raft of new tariffs and incoming supply uptick suggests a volatile 2025 Bearish sentiment crept into the car carrier market in June after the European Union (EU) announced increased import tariffs for Chinese-made electric vehicles (EVs) up to as much as 45…
