In February 2017, the Panama Canal set a new daily tonnage record of 1.18 million Panama Canal tons (PC/UMS) after welcoming a total of 1,180 vessels through both the expanded and original locks, the Panama Canal Authority reported. The previous…
As the dry bulk fleet grew by 2.6 percent year on year in January 2017 it exceeded 800 million DWT. This was due to dry bulk demolition being half of what is was in January 2016, while total dry bulk deliveries reached its highest level since January 2013…
Star Bulk Carriers, a global shipping company focusing on the transportation of dry bulk cargoes, announced that it has entered into definitive agreements to acquire two modern Kamsarmax drybulk carriers from an unaffiliated third party for an aggregate total consideration of approximately US$30…
Diana Shipping has announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Koch Shipping Pte. Ltd., Singapore, for one of its Newcastlemax dry bulk vessels, the m/v Philadelphia. The gross charter rate is US$15…
The maritime sector is undergoing significant transformation. To enhance Singapore’s hub port competitiveness, the Maritime and Port Authority of Singapore (MPA) is leveraging technology to help maritime companies innovate and move into new growth areas…
The UK Chamber of Shipping has welcomed Government’s plans to introduce new technical qualifications, but raised questions as to why marine engineering is absent from the plans. As part of the 2017 Budget, Government outlined its plans…
Hyundai Merchant Marine (HMM) has inked a memorandum of understanding (MoU) with state-backed Korea Shipping Company (KSC) for vessel sales worth up to Won850bn ($739.4m) book value, which will strengthen HMM's financial position. Under the deal…
Each year on 8 March, Australian Navy joins with institutions and organisations around the world to celebrate International Women’s Day, recognising the achievements and vital role women deliver in the workforce. In 1911, when International Women’s Day began…
Maersk Line has ordered the first 100 of a total of 200 refrigerated containers to be chilled by Carrier Transicold’s NaturaLINE natural refrigerant based system. Carrier Transicold is a part of UTC Climate, Controls & Security, a unit of United Technologies Corp…
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, ended higher for its sixth straight session on Wednesday, boosted by stronger rates across all vessel segments. The overall index, which also factors in rates for panamax…
Crowley Maritime Corp. and Eagle LNG Partners have started to build a new shore-side liquefied natural gas (LNG) facility on Crowley-leased property at JAXPORT’s Talleyrand Marine Terminal in Jacksonville, Fla. The new LNG bunkering facility…
Hempel has appointed Michael Hansen as its new executive vice president and chief commercial officer (CCO). He will join the coatings manufacturer’s executive management board on 1 May, reporting directly to group president and chief executive officer (CEO)…
The U.S. Coast Guard (USCG) has awarded Qualship 21 status to 30 bulk carriers owned and operated by Star Bulk Carriers Corp., the largest U.S. listed dry bulk operator. The Qualship 21 program rewards high quality ships sailing under qualifying flags…
Global warming will disrupt four-fifths of the world's oceans by 2050 if greenhouse gas emissions keep rising, Reuter's quoted scientists as saying. The situation is threatening fish that are the main source of food for a billion people…
The Institute of Chartered Shipbrokers (the Institute) and BIMCO are pleased to announce the start of a new venture combining BIMCO’s state of the art eLearning courses and the Institute’s global engagement with students. This is a major…
