LNG-powered M.V. Greenland, a dedicated cement carrier, will be launched on October 31 at Ferus Smit Westerbroek Yard in the Netherlands. The vessel will be one of the first ever dry cargo vessels with an LNG fuelled propulsion system.…
Sinotrans Shipping has ordered four new energy-saving containerships of 1,900 teu in capacity each at CSSC Huangpu Wenchong Shipbuilding Company for $98.2mln. The four newbuildings, each costing $24.55m, are scheduled to be delivered from the shipyard in May…
Rand Logistics, Inc., a provider of bulk freight shipping services throughout the Great Lakes region, today announced the appointment of Christopher J. Garwood to the position of Corporate Vice President of Procurement responsible for managing…
Press release- Jim Teasdale, CEO of Mersey Maritime, has announced his retirement after 11 year at the helm of the industry representative body.His last day in the role will be Wednesday, September 30, 2015. Teasdale was a founder director of the Birkenhead based not-for-profit organization…
Oil and gas company Shell Malaysia announced on Tuesday a reorganisation of its upstream division, which will see a reduction of 1,300 jobs over the next two years.Shell Malaysia, a unit of Royal Dutch Shell PLC, said in a statement the…
China's slower growth and economic transition will pose significant risks for the already struggling shipping sector, rating agency Fitch said. The shipping sector is already faces overcapacity, weak freight rates and stretched financials…
German container carrier Hapag-Lloyd is looking to sell shares for a total US$500 million, and will seek listings in Hamburg and Frankfurt before the end of 2015. Hapag-Lloyd has confirmed that it is preparing for a US500 million initial public offering (IPO) this year…
Three South Africa youths made history in South Africa’s maritime economy sector at the weekend when they boarded the country’s first registered cargo ship since the dawn of democracy. Similarly, the city of Nelson Mandela Bay also marked…
Press releases - Singapore Shipping Association (SSA) commemorated its 30th Anniversary this evening at the Sands Grand Ballroom, Sands Expo and Convention Center, Marina Bay Sands, with a mass birthday celebration involving over 2100 guests cutting 210 birthday cakes simultaneously…
Major container shipping rates plummeted again this week, with declines on the trunk Shanghai-Europe routes falling at record amounts, says Shangahi Containerised Freight Index (SCFI). A eport in ASC says that the SCFI for Far East to North Europe dropped by a staggering 31%…
Union Minister of Shipping, Road Transport & Highways Shri Nitin Gadkari has said that the decline observed in the performance of Major Ports from 2008 to 2014 has reversed and they have shown improvement in their performance in 2015. Shri…
Sparking speculation that a recovery in commodities could be around the corner, the Baltic Dry Index, a measure of shipping costs for commodities, has risen 17.5 per cent since September 15, reports Business Standard. The indexis up 21 per cent at 943…
The VLCC market continued to strengthen this week with sentiment supported by both stronger demand and expectations for the October Middle East and West Africa programs to rise substantially from September levels, according to Charles R.Weber Weekly…
First Gen Corp. hopes to secure a partner for its planned $1-billion liquefied natural gas (LNG) import terminal in Batangas this year as the company gears up for the project’s construction phase in 2016, reports local media. The Lopez…
Jeremy Penn, chief executive of London's centuries old Baltic Exchange will step down next year, the exchange said on Friday.Penn, who took the helm as CEO in 2003 after previous top positions with international news agency Reuters, will leave next summer…
