Rates for Aframax-class crude oil tankers leaving the U.S. Gulf Coast hit a record this week, according to three shipbrokers, reflecting strong demand in Europe and the Mediterranean for low-sulfur crude.Equinor ASA and Unipec, the trading arm of China's top refiner Sinopec…
Two cruise ships collided in a port in the Mexican Caribbean resort of Cozumel on Friday, causing damage to the stern of Carnival Corporation's Carnival Glory and leaving one passenger with a minor injury, Carnival said.'Carnival Glory was maneuvering…
Liberty Global Logistics Awarded FCA Ocean Carrier of the Year for 2019Liberty Global Logistics LLC (LGL) was recently awarded the 2019 Outstanding Performance Excellence Award for “Ocean Carrier of the Year” at the Fiat Chrysler Automobiles (FCA) event held in Detroit…
India’s import and export container trade in Q3 2019 (July-September) remained flat as compared to global growth of 1.5%. The slowdown is aligned closely with the weaker domestic demand, as well as a reflection of the broad-based cyclical weakening…
Container Owners Association's Board of Directors have elected Uffe Ernst-Frederiksen, Head of Cargo Management, AP Moller-Maersk, to the position of COA Chairman, effective January 1, 2020. He takes over from Brian Darnowski, Senior Vice-President – Operations…
Ocean Network Express (ONE) has announced details of the new Korea Haiphong Express (KHX) service. Connecting North Vietnam, South Korea and South China, the new KHX service offers improved service coverage and comprehensive port connections for ONE’s valued customers…
Swiss headquartered container shipping company MSC said on Friday it was implementing contingency plans to re-route container ships away from French ports when necessary due to strikes in the country.'MSC Mediterranean Shipping Company is closely…
Non-vessel-operating common carriers (NVOCC) will now need their required bond, insurance or other form of surety and their Form FMC-1 (published tariff location) on file before the US Federal Maritime Commission (FMC) will issue their NVOCC license…
The Baltic Exchange's main sea freight index declined for a 13th straight session on Friday, weighed down by declining rates across all vessel categories.The Baltic index, which tracks rates for capesize, panamax and supramax vessels that ferry dry bulk commodities…
The captain of a Vietnamese oil tanker has been jailed for over five years in Singapore for his role in a scheme that saw around $150 million of oil stolen from Shell's biggest refinery over several years.Doan Xuan Than, 47, was sentenced to 66 months in prison on Thursday…
Chinese marine fuel suppliers have signed up short-term deals to buy very low-sulphur fuel oil from companies like oil major Shell, Germany's Uniper and U.S. commodities trader Freepoint ahead of a new standard on emissions for the global shipping industry that kicks in on Jan…
Norway-based shipowner Flex LNG announced that it has entered into a new time charter with the Spanish utility Endesa for the vessel Flex Ranger.Endesa is a leading company in the Spanish electricity sector and the second largest operator in…
MHI Vestas Offshore Wind has created a digital safety training mobile app developed to streamline safety refresher training courses for offshore wind turbine technicians, which has been accredited by the Global Wind Organization (GWO).Industry-first Safety’N’Mind is designed as a digital…
The Netherlands-based terminal operator APM Terminals, a subsidiary of Maersk Group, has signed a letter of intent for the sale of APM Terminals Rotterdam to Hutchison Ports, owner of the adjacent ECT Delta terminal.The complete transfer of shares is based on the agreement that…
The manufacturer of terminal tractors Kalmar has concluded an agreement with long-term customer Eurogate to heighten nine Kalmar straddle carriers operating at the Eurogate Container Terminal Hamburg.The order was booked in Cargotec's 2019 Q4 order intake…
