Samsung Heavy Industries (SHI) and Daewoo Shipbuilding & Marine Engineering (DSME) - two major shipyards in South Korea - are poised to sign a deal worth $1.5 billion to build container ships for Mediterranean Shipping Company (MSC), according to the Financial Times…
Despite the turbulent conditions seen in conventional markets, SCF Group has continued to demonstrate resilience whilst remaining able to position itself to take advantage of the future upswing in these markets when it comes. The first…
The Maritime and Port Authority of Singapore (MPA) will not be renewing the bunker supplier licences of Panoil Petroleum Pte Ltd and Universal Energy Pte Ltd when they expire on 31 August 2017. The bunker craft operator licence of Universal Energy Pte Ltd will also not be renewed…
Leasing companies are tightening their stranglehold over container equipment ownership as ocean carriers cut back on new purchasing and sell older inventory for leaseback, Drewry's report said. But the lessors’ rapid expansion has come…
Jim Clark, a senior manager at Cammell Laird, has clocking 60 years in the ship repair industry, making him one of the U.K.’s longest serving Chief Estimators. The 76-year-old chief estimator has delivering more than 11,000 over the course of his career…
Port Everglades Chief Executive/Port Director Steven Cernak will succeed Port Tampa Bay Director Paul Anderson as chairman of the Florida Ports Council, a professional association of Florida’s public seaports, providing advocacy, leadership…
A pilot program delivered by logistics technology company Marine Transport International (MTI) demonstrates that the logistics industry will see improved connectivity, efficiency and security thanks to blockchain. MTI, in conjunction with Agility Sciences…
The Port of Stockton Commissioner Dr. Elizabeth “Liz” Blanchard has been named President of the trade association Association of Pacific Ports (APP) for 2017-2018. The appointment was announced at the recent 104th Annual Conference of the APP held in American Samoa…
Operations are shut at the Port of Beaumont Terminal and there is no vessel movement, said the port's chief of police on Wednesday. The port has no ships in the channel, said Police Chief Stephen Davis, noting the waterway is shut down…
Bahri Ship Management, one of the six business units within transportation and logistics company Bahri, said it is in compliance with the submission of EU MRV (Monitoring, Reporting, Verification) plans for the full fleet, ahead of the deadline…
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Wednesday due to weaker demand for larger vessels.The overall index — which factors in rates for capesize, panamax, supramax and handysize shipping vessels — was down 22 points…
Traders adding U.S. port options to cargoes for flexibility. Traders are scrambling to find oil products in Asia to ship to the United States and Latin America after Hurricane Harvey shut almost a quarter of U.S. refining capacity, several trading and shipping sources told Reuters on Wednesday…
China's COSCO Shipping Holdings Co Ltd reported a first-half profit on Wednesday and forecast that improved demand in the container shipping market would continue for the rest of the year. China's largest shipping group, which last month…
Rickmers Trust Management, a trustee-manager of Rickmers Maritime, informed that the trust has been wound up. The units of the trust and its notes shall cease to exist, said its trustee-manager in a Singapore Exchange (SGX) filing. The trust has made final distributions to unsecured creditors…
The Port of Rotterdam Authority recently launched a new campaign: ‘Building a Sustainable Port’. “Sustainability involves more than just the environment. We have committed to a large number of initiatives and we will gladly present them,” says Port Authority CEO Allard Castelein…
