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Major Upgrade to ISF Watchkeeper

May 09, 2017

The International Chamber of Shipping (ICS) and IT Energy have launched the latest release of the ISF Watchkeeper software – ISF Watchkeeper 3.5 – developed for maintaining records of individual seafarers’ work hour records, as required by IMO and ILO regulations…

Kenny to Take the BMT Helm

May 09, 2017

When BMT Group Ltd (BMT) current CEO Peter French retires in September, he will be succeeded by  Sarah Kenny, who joins BMT on August 1. “Sarah is well qualified to take on this role,' said BMT’s Chairman, Sir John Hood. 'She is ambitious for…

Strike to Disrupt Operations at Jakarta's Main Port

May 09, 2017

A union workers' strike next week is expected to disrupt shipping operations at Jakarta's main port, which handles the bulk of international shipments for Southeast Asia's biggest economy, a labour union official said. Around 2,000 union…

Akzo Nobel Rejects Third PPG Takeover Bid

May 08, 2017

Marine coating major AkzoNobel announced it has declined a third unsolicited, non-binding and conditional proposal submitted by PPG Industries on April 24, 2017, for all outstanding ordinary shares in the capital of AkzoNobel. A statement…

Demand for Chemical Tanker Fleet Looks Up

May 08, 2017

Demand for methanol and vegoil will moderately support global seaborne trade causing the shipping fleet trading in chemicals and vegoils to expand, according to the latest edition of the Chemical Forecaster, published by global shipping consultancy Drewry…

Bahri, Hyundai Heavy Pact for Big Data Initiatives

May 08, 2017

The National Shipping Company of Saudi Arabia (Bahri)  has signed a Memorandum of Understanding (MoU) with Hyundai Heavy Industries (HHI) Group to harness Big Data and technological innovation in the maritime industry.  HHI Group is the…

Eagle Bulk Shipping Reports Q1 Loss

May 08, 2017

Eagle Bulk Shipping reported a loss of $11.1 million in its first quarter. It posted revenue of $45.9 million in the period.Gary Vogel, Eagle Bulk's CEO, commented, “During the first quarter, Eagle finalized the acquisition of 9 Crown-63 Ultramax…

Scorpio to Sell Two MR Product Tankers

May 08, 2017

Scorpio Tankers, provider of marine transportation of petroleum products, announced that it has reached an agreement with an unrelated third party to sell two of its 2013 built MR product tankers (STI Sapphire and STI Emerald) for approximately $56…

Day of the Seafarer 2017

May 08, 2017

In less than two months, the Day of the Seafarer 2017 will be celebrated across the globe with a special focus on ports and seafarer centres.  Under this year’s theme #SeafarersMatter, the campaign aims to engage the people working in ports…

SC Ports Reports Best April for Box Volumes

May 08, 2017

South Carolina Ports Authority (SCPA) announced its strongest April container volumes on record, with 189,315 twenty foot-equivalent units (TEUs) handled last month.  In addition to being the strongest April in SCPA history, last month's volumes were the second-highest ever handled by the port…

April Boost at Port of Long Beach

May 08, 2017

More ships calling at the Port of Long Beach in April thanks to new business and changes to vessel deployments helped to push container volumes 16.5 percent higher compared to the same month last year. For the calendar year so far, cargo volume at the port is up 5…

Full Ahead: New Generation of Carrier Alliances

May 08, 2017

Full ahead: new generation of carrier alliances and slot/vessel sharing arrangements; SM’s (Bullet) Line; FWE for Hanjin. On April 1, 2017, the new generation of carrier alliances became reality. In the run up to April 1 there was a flurry…

Harris Joins J.F. Lehman Operating Executive Board

May 08, 2017

Frederick J. Harris, recently retired president of General Dynamics NASSCO and Bath Iron Works shipyards, has joined the operating executive board (OEB) of private equity firm J.F. Lehman & Company.The OEB is a group of industry and government…

Stena Line Says Sustainability Goals Paying Off

May 08, 2017

“Our belief is that a reduced environmental impact is also essential for long-term profitability,” said Stena Line's CEO, Niclas Mårtensson. “This is why sustainability is included as a central part of our strategy and why we have set ambitious sustainability targets…

Saqr Port Orders Damen ASD Tug

May 08, 2017

Saqr Port, part of Rash Al Khaimah (RAK) Ports, has signed a contract with the Damen Shipyards Group for the delivery of an ASD 2913 tug. The vessel will be built a short distance away at Albwardy Damen in Sharjah and will be delivered in time…

Logistics News

Algorithm Accountability

Algorithm Accountability

Tough Transshipment Penalties Not Expected Immediately Despite US Tariffs

Tough Transshipment Penalties Not Expected Immediately Despite US Tariffs

Maersk Raises Full-Year Profit Forecast

Maersk Raises Full-Year Profit Forecast

World’s First Green Ammonia Bunkering Operation Completed in Dalian

World’s First Green Ammonia Bunkering Operation Completed in Dalian

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