Monaco-headquartered provider of marine drybulk transportation services Safe Bulkers reported a net loss for the second quarter, contrary to the market’s expectations for profit.The net revenue at USD 45.5 million for Q2 was hurt by a 3% decline from the second quarter of 2018…
U.S. President Donald Trump on Tuesday warned he would be 'tougher' on Beijing in a second term if trade talks dragged on, compounding market fears that ongoing trade disputes between the United States and China could trigger a U.S. recession…
Company’s CSMART Academy teamed up with UWF’s Innovation Institute to launch training course for environmental officers that started in August 2019. Combining UWF’s specialty in challenge-based learning with CSMART Academy’s award-winning faculty…
The Port of Baltimore is poised to muscle its way into the nation’s elite top 10 ports. How that happened really isn’t hard to understand. That’s because what comes next will be the dividend of many years of focused planning.The Port of Baltimore…
Dorian weakened on Tuesday but was heading north-westward and growing in size, moving 'dangerously close' to the Florida east coast late Tuesday through Wednesday evening, the U.S. National Hurricane Center (NHC) said.Dorian, now a Category 2 storm on the five-step Saffir-Simpson Wind Scale…
At 800 AM EDT (1200 UTC), the eye of Hurricane Dorian was located by reconnaissance aircraft and NOAA Doppler radar near latitude 27.1 North, longitude 78.4 West. Dorian is beginning to move northwestward at about 1 mph (2 km/h), and a slightly…
The Baltic Exchange's main sea freight index rose for a ninth-straight session on Tuesday, holding on to a near nine-year peak touched last week, helped by stronger capesize demand.The Baltic index, which tracks rates for ships ferrying dry bulk commodities…
“Driving the maritime transition”: In times of the global climate debate and the digital transformation, SMM 2020 will once again be the focal point for decision-makers in the maritime industry.Topics that are currently high on the industry's…
Reefer container equipment availability will remain tight over the next few years which will impact shipping capacity supply and freight rates at seasonal peaks, according to Drewry’s latest Reefer Shipping Annual Review and Forecast 2019/20 report…
The Captain of the Port for North Carolina set Port Condition X-ray for the Ports of Wilmington and Morehead City as of Tuesday at 4 a.m., due to predicted sustained tropical storm force winds generated by Hurricane Dorian that may arrive within the next 48 hours…
Japan will not join a U.S.-led security mission to protect merchant vessels passing through key Middle Eastern waterways, but will consider deploying its naval force independently, the Yomiuri newspaper reported on Tuesday.Though the United States is Japan's most important ally…
Divers searched for more bodies early on Tuesday around the wreck of a boat destroyed by a blaze off the coast of southern California, as authorities launched an investigation into one of the area's worst maritime disasters.Emergency crews found…
Eight people were confirmed dead from a predawn fire that sank a boat off a Southern California island and 26 others who were on the scuba diving vessel were missing, a local sheriff said.The fire broke out aboard the Conception, a 75-foot (23-metre) boat…
South African freight and logistics company Grindrod signed an agreement to sell its 20.3% stake in grain services provider NWK to NWK Holdings for R204-million (USD 14 million).According to the press release, the sale is subject to the fulfillment…
Marking its first foray into the US, Singapore-based port operator PSA International has completed the acquisition of Penn Terminals located on the Delaware River in the U.S. from Macquarie Infrastructure Partners, a fund managed by Macquarie Infrastructure and Real Assets…
