Miner BHP Group said on Tuesday it plans to expand its iron ore export capacity from Port Hedland, the largest global shipping hub for the steel-making commodity, by up to 40 million tonnes a year to 330 million tonnes a year.The move comes…
Naval architecture and marine engineering firm Gibbs & Cox announced Brian Hobbs has joined the company as Chief Information Officer. In his new role, Hobbs will provide executive leadership and oversight of the full spectrum of corporate information technology infrastructure…
The U.S. Federal Maritime Commission voted to temporarily allow parties to file service contracts up to 30 days after they take effect, as a measure to relieve COVID-19 impacts to the supply chain.The Commission published an order today making…
Russia’s online grain export quota was running out fast on Saturday as big traders rushed to get customs documents for future shipments, analysts said, adding that supplies from the world’s biggest wheat exporter would continue nevertheless…
Private jetties that were shut in Malaysia’s biggest palm oil producing state of Sabah due to coronavirus-related curbs have been allowed to reopen, state news agency Bernama reported.“We took note of all the views from various parties including the Malaysian Palm Oil Association…
Low water levels after recent dry weather are preventing cargo vessels from sailing fully loaded on the Rhine river in Germany and adding surcharges to the usual freight rates, traders said on Monday.Low water is hampering shipping on the entire German section of the river…
The United States on Monday posted rule changes that impose new restrictions on exports to China, including aircraft components and many items related to semiconductors.The new rules will require licenses for U.S. companies to sell certain items to military entities…
Ferry routes between Great Britain and Northern Ireland have been safeguarded, thanks to a multimillion-pound government scheme to help ensure critical freight can continue to move into and across the union.The package, worth up to £17 million ($21 million)…
The United States should work to achieve a single, comprehensive agreement with Kenya that removes barriers to trade and investment, instead of pursuing a phased approach, the U.S. Chamber of Commerce said in a document viewed by Reuters.In comments submitted to the U…
Sembcorp Industries on Monday said its Sembcorp Cogen unit had begun legal proceedings to assert ownership over some gasoil reserves stored in tanks at Singapore's Universal Terminal, partly owned by oil trader Hin Leong Trading Pte Ltd.Just last week…
Singapore's PSA International and Indian container freight operators have warned the Indian government that its order to waive container storage charges during the coronavirus lockdown could lead to port congestion, letters seen by Reuters showed…
Norsepower CEO and co-founder Tuomas Riski has put a new spin on some established technology, bringing wind power back to shipping in an undeniably eye-catching manner. Here Nor-Shipping’s latest ‘Ocean Action Hero’ explains the benefits of his firm’s unique technology…
South Korean ocean carrier HMM held a naming ceremony for the newly constructed 24,000 TEU-class containership HMM Algeciras, the world’s largest containership, at the Daewoo Shipbuilding & Marine Engineering’s (DMSE) Okpo shipyard in Geoje…
The Baltic Exchange has added quarterly assessments of the cost of operating crude oil carrying Aframax tankers and clean product carrying Medium Range (MR) tankers to its growing suite of shipping investor tools.The new service is based on…
Dry bulk operator Clipper Bulk announced it will reduce onshore staff in an effort to narrow costs amid historically low freight markets dragged down by the coronavirus pandemic.“The dry cargo market has struggled with unsustainably low freight rates for years…
