The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, hit a more than four-month low on Tuesday, as capesize rates dropped to their lowest since August last year. The overall index, which factors in rates for capesize…
The newly built containership MV COSCO Shipping Aries, recently delivered to COSCO Shipping Lines, is the first ever containership to receive Lloyd’s Register’s (LR) cyber-enabled ship (CES) descriptive note “Cyber AL3 SECURE PERFORM” for its energy management system…
The world’s largest container shipping firm A.P. Moller-Maersk is teaming up with IBM to create an industry-wide trading platform it says can speed up trade and save billions of dollars. The global shipping industry has seen little innovation since the container was invented in the 1950s…
U.S. natural gas producer Cheniere Energy Inc said on Tuesday Singapore-based commodity trader Trafigura Pte Ltd would buy about 1 million tonnes of natural gas per year from its unit for 15 years, starting 2019.The agreement with Cheniere Marketing…
Danish shipping firm Dampskibsselskabet Norden A/S said its unaudited and preliminary results indicate an adjusted result for 2017 in the range of $20 million to $35 million, up from previous expectations of -$10 to $30 million. Norden…
Shell announced the final investment decision for the Penguins field redevelopment project in the U.K. sector, which includes the construction of a new-build Sevan Marine designed cylindrical floating production, storage and offloading (FPSO) vessel…
Japan's Mitsui O.S.K. Lines (MOL) has announced that MOL acquired 100% of the issued shares of Azalea Maritime B.V. on December 21st, 2017. Azalea Maritime changed its name to 'MOL Maritime (Europe) B.V.' on January 1st, 2018. MOL will…
Lauritzen Kosan has reflagged two of its ships to Denmark for the first time since 2003. The registers of the two vessels, the Helena Kosan and the Linda Kosan, have been changed to the Danish International Register of Shipping (DIS) as they…
Over the past year, 29,646 seagoing vessels entered the port of Rotterdam, up more than 600 from 2016's 29,022. The number of incidents in the port fell from 159 to 129, and included one ‘serious accident’ involving an inland vessel that went adrift after hitting a groyne with its rudder…
The Maritime and Port Authority of Singapore (MPA) said that a ship sank in South China Sea on Friday, 11 out of 13 crew were rescued and two remained missing. According to the survivors, there were 13 crew on board the sunken vessel. Two persons are still unaccounted for…
The January/February 2018 edition of Maritime Logistics Professional will focus on today’s cruise shipping trends, how cruise lines are achieving a greener signature, and many other aspects of the global cruise markets. Additionally, MLPro will feature the World’s Top 20 Cruise Ports…
The equivalent of 2.42 million 20-foot containers were handled at the Port of Oakland in 2017, as the U.S. West Coast port surpassed its previous record of 2.39 million containers set in 2014. Strong import numbers helped the port to break another two of its cargo records in 2017…
International logistics solutions provider Trans Global Projects Ltd (TGP) celebrates its 30th anniversary in 2018.TGP was founded on January 4, 1988 by Julian Clarke, Nick Harsant and Colin Charnock, who is the Group’s managing director…
Turkey announced on Monday the route for a planned canal that would reduce shipping traffic on the busy Bosphorus Strait and transform the European half of Istanbul into an island.Work on the 45-km (28-mile) Kanal Istanbul, linking the Black Sea and the Sea of Marmara west of the Bosphorus…
A/S Dan-Bunkering Ltd. has announced the promotion of Ibrahim (Ibo) Cördük to Senior Bunker Trader effective January 9, 2018. Cördük originally joined Dan-Bunkering’s Middelfart office in 2008, thus he can celebrate his 10th anniversary with the company this year.
