The Baltic Exchange's main sea freight index rose to its highest in over three weeks on Wednesday as demand for capesizes rebounded and rates for the panamax vessel segment scaled ten-year highs.The Baltic dry index, which tracks rates for capesize…
HDR has named transportation industry leader Tom McLaughlin, P.E., president of its global transportation program. McLaughlin succeeds former President Brent Felker, who retired at the end of 2020.McLaughlin, an executive vice president at HDR…
All Thome Group seafarers will now have access to a wide range of digital payment solutions, including crew payroll payments, international remittances, money transfers, mobile tops-ups, payroll advances and onboard expenses.Maritime Payment Solutions…
The Baltic Exchange's main sea freight index surged to its highest since late January on Tuesday as forward-looking market sentiment lifted capesize rates, and smaller vessel segments continued to firm.The Baltic dry index, which tracks rates for capesize…
Germany's Hapag-Lloyd sees its first-quarter operating profit more than tripling to at least 1.5 billion euros ($1.81 billion) thanks to strong demand for container transportation amid the coronavirus pandemic, it said on Tuesday.The company…
Bulgarian authorities have seized 401 kilograms of heroin hidden in containers on a ship that arrived at the Black Sea port of Varna from Dubai, the prosecutor’s office said on Tuesday.Customs officers found the heroin divided among nearly 500 packages stashed inside bitumen roofing rolls from Iran…
A new approach to safety is necessary along the maritime industry's rapid transition to a decarbonized, digitally smart future, says classification society DNV GL in a new white paper released Tuesday.The white paper, “Closing the safety gap in an era of transformation”…
A deep freeze that hit Texas over the weekend wrought more havoc on the U.S. energy sector on Tuesday, curbing output in the largest U.S. oil field, knocking out a fifth of the nation's refining capacity, and shutting a key shipping channel in Houston…
Pacific International Lines (PIL) appointed Goh Chung Hun as General Manager, Fleet Division, effective from February 1, 2021, succeeding Captain R.S. Minhas from 15th February 2021. Goh will be overseeing the management of PIL's fleet, including technical…
Harvesting delays in Brazil, the world’s top soybean producer, are prompting buyers led by China to rely on rival exporter the United States for longer than usual in 2021, according to government data and traders.Sustained demand for U.S. soybeans is accelerating an historic drawdown of U…
The Helen Delich Bentley Port of Baltimore reports it has again topped its record for most container moves from a single ship.The 6,000 container moves conducted by longshore workers from the Maersk Edinburgh at the Seagirt Marine Terminal this…
About 800 workers from the ports of Los Angeles and Long Beach on Friday will be in the first wave of COVID-19 vaccinations for employees at the United States' busiest seaport complex, which has been hard hit by pandemic-related workforce disruptions and surging imports…
Seaspan Corporation announced Friday that it has entered into an agreement to order up to 10 dual-fuel liquefied natural gas (LNG) containerships from South Korean shipbuilder Samsung Heavy Industries.Seaspan, a wholly owned subsidiary of Atlas Corp…
In an eventful week in which its Port of Nigg was selected as a turbine foundation marshaling port for the giant Seagreen offshore wind farm, UK-based Global Energy Group said Thursday it had struck a deal to power its Port of Nigg facilities using green hydrogen…
Kongsberg Digital and Nautilus Labs announced a partnership to include the Nautilus Platform fleet and voyage optimization tool in the Kognifai open ecosystem. The agreement will see the integration of Nautilus Platform within Kognifai, complementing…
