Norwegian OSV companies Solstad Offshore, Farstad Shipping and Deep Sea Supply have signed off on merger plans first announced on February 6, 2017. The statutory merger plans have been approved and signed by the boards of Solstad, Farstad…
Commodities trader Trammo Inc is continuing to shed its liquefied petroleum gas (LPG) assets, putting its Newington, New Hampshire, propane terminal on the block and selling a Tampa, Florida, facility, the company told Reuters on Friday. The…
German container shipping company Hapag-Lloyd expects increased operating earnings this year, it said on Friday, citing a rise in freight rates as market conditions improve. The shipping industry has been grappling with a prolonged downturn…
Asian spot LNG prices fell this week on poor demand from major gas-consuming regions despite a slew of new purchase tenders. The May spot LNG contract fell by $0.25 cents to $5.40 per million British thermal units (mmBtu), with new production coming on stream in Australia and the United States…
Marcia Kull has been named President of Torqeedo Group, Inc., and will direct global sales and strategy for the electric and hybrid marine propulsion systems manufacturer. Kull will oversee Torqeedo’s growth activities in the Americas, EMEA and Asia-Pacific regions…
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, closed at its highest level in more than four months, helped by stronger rates across all vessel segments. The overall index, which factors in rates for capesize…
MacGregor, Rolls-Royce to Study Containership Autonomy A new collaborative research and development initiative will explore the impact of developments in autonomy for cargo ship navigation and cargo systems onboard containerships. The research will be conducted by partners MacGregor…
Freight rates for very large crude carriers (VLCCs), which fell to a near six-month low on Thursday, will remain weak until the Asian refinery maintenance season gets completed, starting April-end. 'I haven't seen a collapse in rates like this for some time…
CMA CGM has announced the launch of the new service offer between Asia and West Coast South America, the most comprehensive offer on the market between these two strategic areas.CMA CGM will now offer to its clients:- 4 direct weekly services…
CMA CGM has announced revamping of dedicated services to Indian Sub-Continent including India West Coast, Pakistan, and Sri Lanka (CIMEX 2N, CIMEX 2CS, and CIMEX 2K) as from mid April 2017 ex Asia. CIMEX 2N [FI3 consortium]: Rotation :…
U.S. Coast Guard leaders and guests joined together Thursday to recognize Rear Admiral Linda Fagan and Master Chief Petty Officer Richard 'Shane' Hooker, the first Ancient Tridents, at the Ancient Trident Ceremony held at the Alexander Hamilton Custom House…
Commissioner William P. Doyle of the U.S. Federal Maritime Commission (FMC) calls for honoring commitment to shipping public, American businesses and consumers. In mid-December 2016, Maersk Line announced that, together with its 2M Alliance partner Mediterranean Shipping Company (MSC)…
Three new ship-to-shore cranes that were constructed in Ireland were delivered to Crowley Puerto Rico Services’ Isla Grande Terminal in San Juan on Wednesday. The cranes are a key element of the $130 million Crowley is investing in infrastructure improvements to its Isla Grande Terminal…
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, edged up on Thursday as panamax rates increased.The overall index, which also factors in rates for capesize, supramax and handysize vessels…
Nakilat has assumed full ship management and operations of Q-Flex LNG carrier Mesaimeer from STASCo (Shell Trading and Shipping Company Ltd.) with effect from March 23, 2017, as part of the planned and phased transition announced on October 19…
