Direct ChassisLink, Inc. (DCLI) announced that Debbie Cohen has joined the company as Vice President of Sales - Steamship Lines, reporting to CMO Jeremy Haycock. As Vice President, Sales – Steamship Lines, Cohen will head up the Steamship Line Vertical…
French shipping line CMA CGM SA will no longer run the mega containership Benjamin Franklin between Asia and the U.S. West Coast, on account of weak market conditions, reports FT.According to sources, Benjamin Franklin’s voyages have been suspended on the route between Asia and U…
Major container shipping lines are preparing a lineup a new tie-up - a new global alliance - to respond to rapid container shipping consolidation, reports WSJ. William Doyle, member of U.S. shipping regulator Federal Maritime Commission…
Speaking at the Intermodal Association of North America on May 5 in Chicago, U.S. Federal Maritime Commissioner William P. Doyle discussed several of the shipping industry’s hottest topics, including ocean carrier consolidations and alliances…
Maritime and logistics service provider Inchcape Shipping Services (ISS) has promoted Stacie Speckman to Vice President, Operations for North America. Based in Houston, Speckman will focus on managing and developing ISS’ regional operational…
GE Wind once again appointed Celtic Shipping Agencies to handle its latest shipments from Turkey to Ireland.Building on an earlier project via the Irish Port of Killybegs, GE chose Celtic Shipping once again to handle this latest work. This time…
Global trade enabler DP World is to launch an international education programme, focusing on trade and logistics to help ensure the future growth of the sector and knowledge of its vital role in providing employment and developing national economies…
In general, the International Union of Marine Insurance (IUMI) welcomes the revised York-Antwerp Rules (YAR 2016) which were adopted by the Comité Maritime International (CMI) at its conference in New York last week.The York-Antwerp Rules…
Negative interest rates are hurting shipping industry by delaying the consolidation wave so badly needed, Bloomberg reports quoting Nils Smedegaard Andersen, chief executive officer of AP Moeller-Maersk. He said that the monetary policy…
PSA International Pte Ltd today announced the inception of PSA unboXed Pte Ltd (PSA unboXed), its new corporate venture capital arm with an initial fund size of S$20 million.Through its incubator program, PSA unboXed seeks to invest in and…
The demand for container shipping is really not going anywhere at the moment. Indicators for growth in the first months of 2016 point to limited overall demand and huge variations from trade to trade. In addition, all numbers are impacted by Chinese New Year…
On 10 February 2016, the Baltic Dry Index (BDI) hit 290. At that point, a bulk carrier regardless of its size, age and fuel-efficient qualities earned a time charter average of USD 2,417-2,776 per day. Whereas the three smaller segments have seen higher earnings since then…
Supported by slow fleet growth and ongoing positive refinery margins, VLCC earnings in Q1-2016 were up from a year ago, but down from Q4-2015 as we expected at $58,367 per day for VLCC (+5.7% year on year). For the minor crude oil carriers…
A 48-hour strike by the Seamen’s Union in Greece is expected to affect all domestic and local ferry routes as well as commercial vessels calling at Piraeus, Aspropyrgos, Eleusis, Pachi and Megara ports for cargo discharging, advises Inchcape Shipping Services (ISS)…
Shipping company CMA CGM announced the inauguration of its new agency in San Juan, Puerto Rico as from May 1, 2016. The agency is opened in partnership with shipping agency Norton Lilly.
