With strong increases in iron ore and other cargo, total tonnage shipped via the St. Lawrence Seaway is up 20 percent over last year. The St. Lawrence Seaway Management Corporation reports that cargo shipments from March 20 to June 30 totaled…
U.S.-flag Great Lakes freighters (lakers) moved 9.7 million tons of cargo on the Great Lakes in June, a virtual repeat of a year ago, according to the Lake Carriers’ Association (LCA). However, this June’s shipments were down 3.6 percent from the month’s long-term average…
Bernhard Schulte Shipmanagement (BSM) has announced that the 20,146 TEU containership, MOL Tribute, came into full management of the Hong Kong Ship Management Center on July 10, 2017. Built by Samsung Heavy Industries in South Korea, MOL Tribute is 400 meters in length having a deadweight of 196…
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose for seventh session in a row on Wednesday supported by stronger demand for larger vessels. The overall index, which factors in rates for capesize…
A think tank that advises the Russian government on taxes and energy-related issues said on Wednesday it expects the country's oil exports to fall this year thanks to a global deal to cut output, contrasting with official forecasts for a rise…
Egypt's agricultural exports rose 12.1 percent during the first half of 2017, reaching 3.5 million tonnes compared to 3.1 million last year, agriculture ministry spokesman Hamid Abdel Dayim said on Wednesday. Egypt's agricultural exporters…
Qatar Gas Transport Company and Norwegian shipping business Hoegh LNG have embarked on a joint project to open new markets for Qatar to sell its liquefied natural gas (LNG) via floating import terminals. Hoegh LNG, a developer of floating LNG import terminals…
U.S.-China economic talks appeared off to a contentious start on Wednesday as senior Trump administration officials demanded a 'more fair' China trade relationship while both sides canceled news conferences previously planned to discuss outcomes…
Royal Boskalis Westminster N.V. said it has been awarded a contract by Ports of Stockholm to construct the quay wall for the new Stockholm Norvik Port in Sweden. The contract value amounts to approximately €60 million ($69 million). The project…
ClassNK hosted an anniversary party on July to commemorate 50 years of its Singapore Office, established in 1967 to broaden the classification society’s service network in Southeast Asia. Held at the Mandarin Oriental Hotel, the evening…
Executives from the Ports of Indiana and Metro Ports celebrated the grand opening of a new bulk terminal facility at the Port of Indiana-Burns Harbor. Metro Ports is now managing the loading and unloading of shipments along the port's East…
Gulfstream Shipbuilding launched a custom passenger/vehicle ferry for the U.S. Department of Homeland Security (DHS) on July 12, 2017. This 118 x 27 x 10.75 ft. crew boat-style vessel will be delivered in the fall 2017 to service the New York and Connecticut waters…
The Dubai Maritime City Authority (DMCA) shared its renowned experience in implementing world-class maritime registration and licensing services with the Department of Municipal Affairs and Transport in Abu Dhabi (DMAT) during their recently held meeting…
South Korea’s shipbuilder Samsung Heavy Industries (SHI) is looking to further cut its workforce, and have employees return part of their salaries in order to cut costs, according to Yonhap News Agency. SHI unveiled a self-restructuring…
The government of India has approved a draft bill to empower 12 major ports in India by providing them full autonomy in decision-making for greater efficiency. According to Union Minister of State for Shipping Mansukh Lal Mandaviya, the Major Port Authorities Bill…
