The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, crawled up for the second straight session on higher rates for capesize vessels.The overall index, which factors in rates for capesize…
Markel International Singapore, the specialist insurer, has appointed Gustaf Kristiansson as marine underwriter based in Singapore. Kristiansson joins the Singapore office from Markel International’s Sweden office where he held the same position…
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…
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…
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…
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 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…
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 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 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…
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…
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…
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 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…
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…
