An impressive recovery in Chinese dry bulk imports has protected the industry from the effects of falling demand in the rest of the world. High deliveries and low contracting have left the orderbook at multi-year lows, but – with the poor outlook…
A stalled global economic recovery from the coronavirus pandemic is leading to a fresh build-up of global oil supplies, pushing traders including Trafigura to book tankers to store millions of barrels of crude oil and refined fuels at sea again…
With the Coronavirus pandemic hitting many segments of the global shipping industry particularly hard, it is understandable that businesses of all sizes are reviewing their budgets for 2020 and beyond and looking for ways to reduce costs while maintaining their operations…
A strong start to the peak shipping season led the U.S.' second busiest container port to record its best August in its 109-year history.Dockworkers and terminal operators at the Port of Long Beach moved 725,610 twenty-foot equivalent units (TEUs) of container cargo last month…
FUELTRAX launched the latest features of its cloud-based portal, FUELNET 'GEN-6', as its sixth major release. FUELNET delivers decision-ready reports that can be utilized to make quick decisions during operations. The company reports a +/-0…
Predictive maritime intelligence company Windward announced the release of its next-generation Maritime Predictive Intelligence solution powered by Maritime Artificial Intelligence Analytics (MAIA️). Consisting of 10 billion datapoints and 300 behavioral analysis models…
China has been buying U.S. soybeans at what seems like a breakneck pace for about two months now, increasing the probability of record U.S. exports to the Asian country over the next year.But while a record volume becomes more realistic as the sales pile up week after week…
In today’s world, the power to connect, even in the most remote and challenging places, has never mattered more. Whatever your business or organisation, you need more than a communications supplier. You need a smart network solutions partner…
Classification society ABS announced Tuesday it has introduced an ‘Alternative Fuel Ready’ approach to help shipowners prepare their fleets for the introduction of alternative fuels.Introduced through the newly published Guide for Gas and Other Low-Flashpoint Fuel Ready Vessels…
Today would have been the day that SMM 2020 opened its doors if it hadn't been for the coronavirus pandemic. Instead, organizers of the maritime industry's largest trade fair are preparing for the rescheduled date in February 2021.'Of course…
The Panama Canal will implement water management solutions to improve the quantity, quality and control of its water supply, which it says is 'a critical priority' as it continues to grapple with constrained water levels.As a result of climate variability…
Damen Schelde Naval Shipbuilding (DSNS) has ordered energy management and electric propulsion package from GE’s Power Conversion for the new Combat Support Ship (CSS) being built for the Royal Netherlands Navy.The CSS ordered by the Dutch government in December 2019 will be 180 meters in length…
Dry bulk shipping company Golden Ocean Group said Monday that Per Heiberg, Chief Financial Officer of Golden Ocean Management AS, had resigned.Heiberg has held the CFO since April 2016 and has worked for the company in various capacities since July 2005…
Container shipping group CMA CGM on Friday reported higher second-quarter profits and said it expects results to improve again in the current quarter as the shipping sector recovers quickly from disruption caused by the coronavirus pandemic…
Seatankers, the powerful holding company of Norwegian-born billionaire John Fredriksen, said on Thursday it had hired a veteran fund manager to broaden the group’s portfolio and bring in outside capital in a new unit.Vegard Soeraunet, until…
