Bahri Ship Management, one of the six business units within transportation and logistics company Bahri, said it is in compliance with the submission of EU MRV (Monitoring, Reporting, Verification) plans for the full fleet, ahead of the deadline…
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Wednesday due to weaker demand for larger vessels.The overall index — which factors in rates for capesize, panamax, supramax and handysize shipping vessels — was down 22 points…
Traders adding U.S. port options to cargoes for flexibility. Traders are scrambling to find oil products in Asia to ship to the United States and Latin America after Hurricane Harvey shut almost a quarter of U.S. refining capacity, several trading and shipping sources told Reuters on Wednesday…
China's COSCO Shipping Holdings Co Ltd reported a first-half profit on Wednesday and forecast that improved demand in the container shipping market would continue for the rest of the year. China's largest shipping group, which last month…
Rickmers Trust Management, a trustee-manager of Rickmers Maritime, informed that the trust has been wound up. The units of the trust and its notes shall cease to exist, said its trustee-manager in a Singapore Exchange (SGX) filing. The trust has made final distributions to unsecured creditors…
The Port of Rotterdam Authority recently launched a new campaign: ‘Building a Sustainable Port’. “Sustainability involves more than just the environment. We have committed to a large number of initiatives and we will gladly present them,” says Port Authority CEO Allard Castelein…
Scorpio Tankers said shareholders of Navig8 Product Tankers Inc. (NPTI) approved the previously announced merger of Scorpio and NPTI at shareholders meeting held Tuesday. At the meeting, approximately 94.25 percent of the NPTI shares outstanding were voted…
The port terminal operator division of China COSCO Shipping Corp. posted net profits of US$384.7 million, an increase of 123.7% for FY 2017, compared with the corresponding period last year. Total throughput of the Group’s container terminals increased by 11…
TRAC Intermodal said it is expanding availability of its TRAC Select offering to meet growing demand among customers serving the country’s busiest ports including the Los Angeles/Long Beach and New York/New Jersey ports. Launched in February…
Stena Lines reports the number of units carried by its Baltic Sea South freight business increased significantly in the first eight months in 2017, following strong growth through 2016. This calls for increased capacity, and from Monday…
To help promote liquefied natural gas (LNG) bunkering in Asia, the Maritime and Port Authority of Singapore (MPA) and the Ports and Harbors Bureau of the Ministry of Land, Infrastructure, Transport, and Tourism of Japan (MLIT) will helm a working…
New alliances, structural change and positive economic trends have transformed the container shipping market over the past year, driving growth and pushing business performance figures from deep red into black. However, despite long-term rates that are…
German container shipping group Hapag-Lloyd swung to a first-half operating profit as it raised transport volumes and freight rates stabilised, but it still posted a net loss after higher ship fuel costs weighed on first quarter earnings. Profit…
Mitsui O.S.K. Lines (MOL) has announced its determination to participate in the 'Consortium to develop trade data sharing platform using blockchain technology,' in which NTT DATA Corporation serves as the administrative office. The consortium…
Cosco Shipping International said its net profit rose 42% in the first half of 2017, thanks to higher net exchange gains and net finance income. In the first half of 2017, the global economy saw an upward trend in growth with improving market confidence…
