The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, posted its sixth consecutive fall on Wednesday, hurt by declining demand for the panamax vessel segment.* The Baltic index, which reflects rates for capesize…
ZEAMARINE said Chad Call will succeed Michael Dumas as Chief Financial Officer with immediate effect. An experienced financial executive, Chad Call has nearly a decade of financial leadership experience within the maritime industry, most recently serving as Vice President of Finance for ZEAMARINE…
The Port Commission of the Port of Houston Authority has approved a proposal that PHA acquires three new neo-Panamax electric cranes for Bayport Container Terminal in a $35 million contractThe cranes will be deployed at Wharf No. 5 of the container…
Mitsui O.S.K. Lines, Ltd. and its group company MOL Information Systems, Ltd., in collaboration with Associate Professor Shunji Umetani of the Graduate School of Information Science and Technology at Osaka University, have developed a vessel…
Connecticut-based maritime finance company FDX Offshore has acquired Singapore’s tanker pool operator Womar Logistics. Watson Farley & Williams (WFW) advised FDX Offshore on its acquisition.The partnership intends to expand its chemical tanker…
The Port of Vancouver USA supported more than 24,000 jobs in the region in 2018, an increase of nearly 4,000 jobs since 2014, according to an independent analysis by Martin Associates. The study calculated the economic benefits tied to the…
NYK has conducted the world’s first Maritime Autonomous Surface Ships (MASS) trial performed in accordance with the IMO’s Interim Guidelines for MASS trials* as the company begins tests to realize its target of manned autonomous ships** for safer operations and a reduction in crew workload…
Damen Shipyards Group signed a contract with the Port Authority of Jamaica (PAJAM) for the delivery of a Utility Vessel 3911. The vessel will be used by Damen’s client for buoy-laying and maintenance support operations in the ports of the island nation…
A new report jointly produced by the Port of London Authority (PLA) and Greater London Authority (GLA) says a new vision could maximize the contribution the River Thames makes to culture in the UK capital. ‘’ sets out how clear direction could…
P&O FERRIES has signed a contract with Guangzhou Shipyard International Ltd worth $285 million for two new 230-meter super-ferries – the largest ever to sail between Dover and Calais – that will be operational by 2023. The contract includes options to build two further vessels by 2024…
Keppel Telecommunications & Transportation (Keppel T&T) has entered into agreements to divest its entire stakes in Keppel Logistics (Foshan) Co (KLF) and Keppel Logistics (Hong Kong) to Sinoway Shipping, a subsidiary of Sinotrans Limited, for about S$39 million…
German-based cargo container shipping line, Hapag-Lloyd AG expects Indian container market to grow further and it launches two new services.'In response to growing demand, Hapag-Lloyd will offer more services from and to India. Two new services…
Oceans X is a new web-based platform that allows a wide variety of users such as port agents, bunkers suppliers, port chandlers, port authorities, banks and others to track and monitor tankers and dry cargo vessels globally and in real-time…
Oil freight rates in the Middle East and Asia have increased by almost 20 percent today following new US sanctions on units of Chinese company COSCO for its alleged involvement in ferrying crude oil out of Iran.In what the U.S. State Department…
Brittany Ferries has said the company is “ready, willing and able to assist” the UK government with Brexit freight capacity requirements following confirmation that the company is one of eight firms that have been appointed to the freight procurement framework…
