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Fire Erupts at Exxon's Baytown complex; 37 Hurt

Jul 31, 2019

Exxon Mobil Corp said it was fighting a fire that erupted on Wednesday at its Baytown, Texas, refining and chemical plant complex injuring 37 people and sending nearby residents indoors.As many as 37 people were being treated for non-life threatening injuries amid efforts to put out the fire…

Drewry: Box Terminal Utilization Rates to Rise

Jul 31, 2019

The outlook for global container port demand is modest growth and numerous uncertainties, but in the face of this, capacity expansion plans are also muted. This means that most world regions will see an increase in average terminal utilization…

KVH Joins SMN for Tech Initiative

Jul 31, 2019

Maritime innovator KVH has announced it has joined the Smart Maritime Network (SMN) as one of the founding members of the initiative dedicated to supporting collaboration and standardization in the development of IT systems for the shipping sector…

Port of Açu Receives 100th vessel

Jul 31, 2019

The Multicargo Terminal (T-MULT) of Complex of Port of Açu, in the north of the state of Rio de Janeiro, received its 100th vessel, after 3 years of operation.The milestone was reached with the arrival of the MV Wu Gui Shan vessel, which unloaded 52…

Xeneta: Trade War Impacting on Far East

Jul 31, 2019

Look beneath the surface of a relatively calm month for long-term contracted ocean freight rates and, says Oslo-headquartered Xeneta, industry observers will see a maelstrom of activity, adjustments and market uncertainty.According to the latest XSI Public Indices report from Xeneta…

GLDD Reports 2019 Q2 Financials

Jul 31, 2019

Great Lakes Dredge & Dock Corporation (Nasdaq:GLDD), a provider of dredging services in the United States, has reported financial results for the quarter ended June 30, 2019. The company weighs in as follows:Second Quarter 2019 Highlights•Revenue was $184…

Coast Guard sets Port Condition WHISKEY

Jul 31, 2019

The Coast Guard Captain of the Port set port condition Whiskey for Hawaii County, Tuesday afternoon.Commercial ports in Hawaii County are Hilo Harbor and Kawaihae Harbor of the Big Island.During Port heavy weather condition WHISKEY, gale force winds 39 mph are predicted to arrive within 72 hours…

Weak Iron-Ore Demand Weighs on Baltic Index

Jul 31, 2019

The Baltic Exchange's main sea freight index fell for a seventh straight session on Wednesday, as demand for shipping iron-ore fell in the Atlantic.The Baltic index, which tracks rates for ships ferrying dry bulk commodities, fell 1.6%, or 31 points…

Beijing: U.S.-China Trade Talks 'constructive'

Jul 31, 2019

U.S. and Chinese negotiators wrapped up a brief round of trade talks on Wednesday that Beijing described as 'constructive', including discussion of further purchases of American farm goods and an agreement to reconvene in September.The first…

India Plans to Start Low Cost Ferry Services

Jul 30, 2019

Indian shipping Minister Mansukh Mandaviya has said that the government is keen to start the navigation in inland waterways and passenger transportation in the rivers in the North Eastern states of the country.The public sector company Water…

LBCT Develops APIs

Jul 30, 2019

The largest container terminal in America, Long Beach Container Terminal Inc (LBCT) has officially developed “Application Programming Interfaces” (APIs) to improve upon the Terminal’s ease of doing business with the truck drayage community at large…

U.S. DOT Names Nine Marine Highway Projects

Jul 30, 2019

The U.S. Department of Transportation’s Maritime Administration (MARAD) today announced the designation of nine Marine Highway Projects and a Marine Highway Route that will benefit Connecticut, Florida, Michigan, New York, Oregon, Texas, Virginia…

Steel Cut on Second Costa Cruise Ship

Jul 30, 2019

The steel cutting ceremony of the second Costa Cruises ship build at Meyer Turku commenced with new traditions: The brand new plasma cutter line was used for the first time in a production start ceremony.Costa Cruises’ Costa Toscana will be…

ICS Weighs in on Proposed Panama Canal Tolls

Jul 30, 2019

Global Shipping Industry Delivers Comments to Official Consultation on Proposed Modifications to Panama Canal Tolls.The Panama Canal Authority (ACP) is conducting a public consultation on a proposal to adjust the Panama Canal tolls for containerships…

Keppel Wins 18 Awards at WSH 2019

Jul 30, 2019

Keppel Group has clinched 18 awards at this year's Workplace Safety and Health (WSH) Awards, organized by the Workplace Safety and Health Council (WSHC) and Ministry of Manpower (MOM), Singapore. This is the highest number of awards won by a single organization this year…

Logistics News

Russian Ice-class LNG Carrier heads out via Northern Sea Route

Russian Ice-class LNG Carrier heads out via Northern Sea Route

NIMO, Belfast Harbour Join Port Innovators Network

NIMO, Belfast Harbour Join Port Innovators Network

MacGregor Inks Hatch Cover Deal

MacGregor Inks Hatch Cover Deal

Hormuz Crossings Rise Slightly from Weekend

Hormuz Crossings Rise Slightly from Weekend

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The financial week in five charts - Bank boom, aluminum squeeze and smart freight
Sources: Drone attack damages Novatek's Ust-Luga processing complex for gas condensate, according to sources
Data shows that Turkey has cut its Russian oil imports due to Black Sea export disruptions, which have slowed down supplies.