The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodities, fell to a one-week low on Wednesday, on weaker demand for all vessel segments.The Baltic index, which reflects rates for capesize, panamax and supramax vessels…
Leading marine asset company Bibby Marine Ltd has appointed Helen Samuels as Chief Executive Officer to lead the company into its next phase of development.Helen Samuels will join the Group in January 2020 from Network Rail, where she currently…
Thordon Bearings has received an order to supply a water-lubricated propeller shaft bearing solution to Fincantieri’s Monfalcone shipyard for installation to MSC Seashore, the third Seaside Class cruiseship to which Thordon’s COMPAC system has been specified…
America’s first offshore liquefied natural gas (LNG) barge has been launched for owner Q-LNG Transport, Mississippi shipbuilder VT Halter Marine announced on Wednesday.The Q-LNG 4000 barge, designed to carry 4,000 cubic meters of LNG, with dimensions of 324’ x 64’ x 32’…
Bureau Veritas Solutions Marine & Offshore is encouraging the shipping industry to embrace higher standards in ship recycling and offering its guidance to help meet the challenge of compliance. BVS, with a network of trained experts world-wide…
A recent surge in tanker rates due to U.S. sanctions on subsidiaries of Chinese shipping company Cosco is driving some shipowners to switch from carrying clean to dirty cargoes, according to oil analytics firm Vortexa.The Aframax tanker Elandra Sound…
Marlink and Intelsat have announced that the companies have agreed to a multi-year renewal and expansion of their partnership to provide broadband services to maritime vessels around the world. The multi-year agreement will deliver additional…
China's Yantai Port Group aims to launch two jointly-owned liquefied natural gas (LNG) storage facilities by 2022 and expects government approval for them this month, two sources familiar with the matter said.Shandong province, where the Yantai port is located…
BIMCO’s Chief Shipping Analyst, Peter Sand, will be speaking and providing the audience with unique insights on the container market at the European Shipping Seminar on November 27, 2019 in Athens, Greece.The European Shipping Seminar, hosted by S&P Global Platts…
U.S. Great Lakes ports are on pace to beat 2018 cargo volumes following a robust September handling road salt, cement, stone, petroleum and wind energy components.“U.S. Great Lakes ports are reporting cargo growth as they support the region’s…
To strengthen collaboration on cyber resilience and response amongst 15 port authorities, the Maritime and Port Authority of Singapore (MPA) tabled a proposal to form and lead a “Port Authorities Chief Information Officer (CIO) Cybersecurity…
The twists and turns of any marine casualty investigation can be unpredictable, but what is predictable is the potentially crushing cost to defend your license, livelihood and professional reputation.It was early afternoon on a late summer day…
Jan De Nul group of the beginning of work on dredging and expansion on an internal ship canal and a turning circle in port of Nouadhibou (Mauritania), one of the largest centers through which iron ore from the country is exported, is told in the group message…
Danish international shipping and logistics company DFDS Logistics said that it is purchasing 50 Carrier Transicold NaturaLINE units, which claimed to be the industry’s only natural refrigerant-based container refrigeration system.Carrier Transicold is a part of Carrier…
The government of India will put in place a comprehensive plan to develop 204 minor ports in the country in the next six months to boost coastal shipping and inland waterways, Union Minister Mansukh Mandaviya said. These minor ports will be developed so that it can support 12 major ports in India…
