Iraq's parliament on Tuesday questioned acting Trade Minister Salman al-Jumali over corruption allegations linked to the ministry, mostly stemming from a deal to import Indian rice in 2016. The minister, a Sunni Muslim in a government dominated by Shi'ites…
Iron ore, dry bulk cargo and general cargo shipments remain strong on the St. Lawrence Seaway, with overall tonnage up 18 percent over last year. The St. Lawrence Seaway Management Corporation reports that cargo shipments from March 20…
Rolls-Royce and Sanmar Shipyards in Turkey have signed a contract for the delivery of eight MTU Series 4000 engines for four new terminal tugs, including an option for a further four engines. The tugs will each be fitted with two 16V 4000 M73L MTU engines…
A/S Dan-Bunkering Ltd. has announced that Mikkel Søholm Vestergaard took up the position as Sales Manager in the head office in Middelfart after having been relocated to Houston for a period of two years as the Managing Director of the offices in North America…
Russia was now pitching itself as an important transporter of European gas to Asia, reports Sputnik quoting Danila Bochkarev, a senior fellow at the EastWest Institute in Brussels. The Russian supertanker Christophe de Margerie is en route to South Korea…
SITC Shipowning, a wholly-owned subsidiary of SITC International Holdings Co, has exercised the options for the construction of two container vessels, said a company release. SITC Shipowning also entered into the New Shipbuilding Contracts…
South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering Co (DSME) said that its net profit reached 1.26 trillion won (USD1.1 billion) in the April-June period. According to a report in Yonhap, it posted a profit for the second straight quarter in the second quarter…
The Ghana Ports and Harbours Authority (GPHA) has offered a concession to IBISTEK Limited, a Ghanaian firm towards the development and operations of a container and multi-purpose terminal at the Port of Takoradi. This is part of the Port…
Gulftainer, the largest privately owned independent port operator, has marked the maiden call of the CMA CGM Virginia vessel with a capacity of 5,095 twenty-foot equivalent units (TEU) at its flagship Khorfakkan Container Terminal (KCT). The vessel call was completed in a record 5…
Given the weak freight rate outlook for LPG shipping over the next twelve months, Drewry believes there is more downside risk to the second-hand values of very large gas carriers (VLGCs), according to the latest edition of the LPG Forecaster…
South Carolina Ports Authority (SCPA) announced calendar year-to-date container volume increases of 13 percent and the strongest July on record. Since the calendar year began, SCPA has handled 1.3 million twenty-foot equivalent units (TEU)…
Colombian holding company Grupo Argos has sold its 50 percent stake in a port operator to an investment fund administered by Goldman Sachs for about $136 million, Grupo Argos said in a statement on Monday. Compania de Puertos Asociados S…
Todd Busch, Sr. Vice President & General Manager, Technical Services, at Crowley Maritime, has joined Sea Machines Robotics’ board of directors. The Boston-based Sea Machines is building autonomous control technology for commercial vessels…
Shipments of limestone on the Great Lakes totaled 3.9 million tons in July, an increase of 15.4 percent compared to a year ago, the Lake Carriers’ Association (LCA) reported. July’s loadings were also slightly ahead of the month’s five-year average…
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Monday for the eleventh straight session, supported by higher rates for capesize and panamax vessels.The overall index, which factors in rates for capesize…
