The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Monday for a third straight session as rates for capesizes continued to decline.* The overall index, which factors in rates for capesize…
GAC Taiwan won an agency contract from Donggi Senoro Liquefied Natural Gas (DSLNG), Indonesia’s leading LNG provider, to handle its vessels’ calls and provide discharge agency and husbandry services at the ports of Taichung and Yung An.Managing…
MISC Bhd, the shipping arm of Petroliam Nasional Bhd or Petronas, which is optimistic of delivering better earnings in its financial year 2018, is setting aside a bigger capital expenditure (capex) totalling RM15.68 billion (US$4 billion) over the next five years to grow its four core businesses…
Qatar Navigation (Milaha), a leading maritime and logistics conglomerate, has reported a net profit of QR260 million ($71.3 million) for the first quarter of 2018, up from QR236 million ($64.80 million) for the same period in 2017. Milaha…
The Virgin Islands Shipping Registry has launched an online portal to receive applications for seafarer documents. Acting Director of Shipping Registry and Receiver of Wrecks, Captain Raman Bala said all vessel owners, operators, crewing agents…
The biggest cruise ship of this year’s summer season arrived in the port of Kiel on Saturday April 28th at the end of a journey across the Atlantic. The 139,000 GT and 333 m long “MSC Preziosa” arrived in the Kiel Fiord in the early morning…
Shoreham Port’s Chief Executive, Rodney Lunn stood down as Chair of the British Ports Association (BPA), at their Annual General Meeting on yesterday after a two-year term. Rodney had been the Vice Chair of the BPA for two years prior to taking on the role of Chair in 2016…
DP Global trade enabler DP World has staged the first ever live virtual Annual General Meeting for shareholders at its headquarters in Jebel Ali.Shareholders were connected by a live webcast and telephone conference facility across the region…
Fitch Ratings affirmed today the 'A' rating on approximately $64.3 million of Canaveral Port Authority (CPA) port revenue bonds. The Rating Outlook is Stable. Today's announcement by the credit rating agency underscores Port Canaveral's market position as a leading cruise-focused port in the U…
International Seaways announced that its joint ventures with Euronav NV, which own the FSO Africa and FSO Asia floating storage and offloading service vessels, have closed on a $220 million credit facility. Based on INSW’s 50% ownership in the joint ventures…
Following the successful completion of test-bedding the use of mass flow metering (MFM) system for delivery of distillates , the Maritime and Port Authority of Singapore (MPA) will extend the mandatory use of MFM to all bunker tankers delivering…
The IMO treaty covering compensation for damage caused by Hazardous and Noxious Substances (HNS) transported by sea is the subject of a workshop underway at International Maritime Organization (IMO) Headquarters, London (26-27 April). The…
Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Uniper Global Commodities SE, Düsseldorf, for one of its Ice Class Panamax dry bulk vessels, the m/v Atalandi. The…
Boat builder Aluma Marine, LLC has appointed Malcolm Wisch as Director of Sales and Marketing and Sherry Wisch as Marketing Manager.An industry veteran, Malcolm was previously associated with SeaArk Marine, Inc. for 20 years. He has a B.S. Degree in Marketing and Advertising…
Matson, Inc. shareholders elected Mark H. Fukunaga, Chairman and CEO of Servco Pacific Inc., as a new member of Matson’s board of directors. Concurrently, Matson Chairman and CEO, Matt Cox, announced that the board's independent directors have designated Stanley M…
