Despite a slight dip in volume of .7 percent in February, The Port of Virginia’s fiscal year 2018 cargo volumes are up nearly 4 percent, or nearly 69,000 TEUs. “February is a short month and our volume was relatively static, in a year-on-year comparison…
Bjørnar Iversen, CEO of Songa Offshore SE, has resigned effective 6 March 2018 said a single sentence press statement from the company. This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act…
International Seaways, one of the largest tanker companies worldwide, said it acquired a 2010-built VLCC for $53 million, the Seaways Raffles, which commenced trading in the Tankers International pool, during the fourth quarter of 2017. During the fourth quarter…
Aalto Shipping Company, a new Finnish shipping company, is starting operations. The shipping company is owned by Taaleri and its customers together with the acting management. Aalto Shipping Company has acquired to its fleet two modern…
Led by Denmark, 13 EU Member States have called on the Commission to present an ambitious proposal on revising the Reporting Formalities Directive. Danish Shipping strongly supports the ambition to sufficiently eliminate the huge administrative burdens on maritime carriers in the EU…
The Inland Waterways Authority of India (IWAI) proposes to develop a“freight village” in Varanasi, informs the government of India. The objective of the project is to support economic development in the hinterland of the multimodal terminal…
The Women’s International Shipping and Trading Association (WISTA) is proud to announce the formation of its Diversity Committee. A member-driven project created as a next step after the #METOO campaign, the WISTA Diversity Committee…
Homeland Security Secretary Kirstjen M. Nielsen announced the nomination by President Donald Trump of Vice Adm. Karl L. Schultz to be the 26th Commandant of the U.S. Coast Guard on Thursday. Vice Adm. Schultz, the commander of the Coast Guard's Atlantic Area…
The Port of Indiana-Burns Harbor completed a landmark year in 2017 and is poised for significant future growth as a result of several historic developments. In addition to handling an 8 percent increase in cargo shipments in 2017, the port doubled the size of its bulk terminal…
U.S.-based fund manager Breakwave Advisors is launching the first exchange-traded fund (ETF) focusing on freight futures, reflecting growing investor interest in shipping as it emerges from a near-decade long crisis, a regulatory filing showed…
Transas CEO Frank Coles' Keynote speech in Vancouver: Enterprise Change You know if Elon Musk was to attend a plenary session of the IMO, he could be forgiven if he thought he was watching a reenactment of the Charles Dickens book Hard Times…
A new direct connection has been launched between Amsterdam Container Terminal and Yiwu in China as part of the new Silk Road connecting two of the world’s leading economies. The first train set off on its 11,000 kilometre, 16-day journey…
Morgan Stanley's top executive said on Wednesday that potential tariffs on steel and aluminum that U.S. President Donald Trump is expected to sign later this week are a 'bad idea.' 'The biggest issues this country faces are not trade deficits…
The ports of Antwerp and Douala in Cameroon are to collaborate closely with each other over the next five years. The collaboration agreement was signed on Wednesday this week during an extensive visit by Antwerp port representatives to the port of Douala in Cameroon…
Viking Cruises has announced a new agreement with Fincantieri that could see the delivery of six additional ocean ships by 2027. The new understanding expands Viking's partnership with Fincantieri, raising the company's total ocean ship…
