The current global economic growth (GDP) looks like it may be as good as it gets, with indicators across the globe signaling healthy expansion, but at a slower pace compared to the levels seen in the last half of 2017.Global economic growth seems on track to reach its highest level since 2011…
A Danish court on Wednesday sentenced the former manager of OW Bunker's Singapore subsidiary to 18 months in prison after he was found guilty of granting credit outside his mandate, contributing to the bankruptcy of the marine fuel oil supplier…
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Wednesday for the eleventh straight session as demand fell across all vessel segments.The overall index, which factors in rates for capesize…
Indonesia and India pledged on Wednesday to step up defense and maritime cooperation, with plans to develop a strategic Indonesian naval port in the Indian Ocean, the leaders of the two countries said after meeting in Jakarta. Indonesian…
Kalmar, part of Cargotec, in conjunction with Dalian De Yulong Electrical and Mechanical Engineering Technology Corporation Limited, has received an order for three Kalmar Essential Forklifts from Dalian Port Corporation Limited, Bulk Grain and related Logistics…
DryShips, a diversified owner and operator of ocean going cargo vessels, announced that it has agreed to acquire one 2013-built Newcastlemax drybulk carrier and one 2017-built Suezmax tanker, each constructed in China. The vessels will…
Crowley Maritime Corp.’s liner services group announced today that it has launched a new feeder shipping service connecting San Juan, Puerto Rico; Rio Haina, Dominican Republic; and St. Croix and St. Thomas in the U.S. Virgin Islands (USVI)…
The world's largest liquid petroleum gas (LPG) shipper, Norway's BW LPG, is offering to buy competitor Dorian LPG in a $1.1 billion all-stock deal in an effort to boost its earnings in a weak market, it said in a statement on Tuesday.Dorian shareholders will receive 2…
Qatar-based maritime transport and logistics conglomerate Milaha has become one of the first companies in the Middle East to deploy and integrate Robotic Process Automation (RPA) solutions in its back office operations.The new state-of-the-art system…
John Morganti has joined Ecochlor in the new position of Vice President of Sales and Marketing.Morganti will direct the sales and marketing team, manage major client accounts, develop short- and long-range objectives to reach sales quota goals and revenue expectations…
An Israeli startup has partnered with Shapir-Ashtrom to survey the construction of Haifa’s new $1 billion seaport, Gulf Port, intended to further develop Israel’s coastline areas and increase maritime traffic and international commerce.With this collaboration…
Maritime Holdings Delaware, LLC, parent company of project, breakbulk and heavylift cargo carrier Intermarine, LLC has entered into a joint venture agreement with Zeaborn Group.The joint venture entity, ZeaMarine GmbH, will include the transfer…
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Tuesday to a six-week low as rates across vessel segments fell.* The overall index, which factors in rates for capesize, panamax and supramax shipping vessels…
Global container shipping company Ocean Network Express (ONE) has awarded GAC the agency contract to handle all its vessel calls in Australia covering the ports of Sydney, Melbourne, Brisbane, Adelaide and Fremantle. Under the agreement, GAC…
Ocean carrier Maersk Line has selected classification society ABS to help identify and evaluate potential hazards posed from dangerous cargoes stowage on containerships.In order to better understand key risks associated with cargo, ABS lead…
