Spot container freight rates from North Europe to China increased by 45 percent this week, reaching a four-year high. The “World Container Index assessed by Drewry” market reading on the route from Rotterdam to Shanghai jumped to $1,076 per 40ft dry container today…
Indian Ports handle about 90% by volume & 70% of value of the country’s EXIM (Export–Import ) cargo. In order to meet the growing trade requirements of the country, the capacity of the Ports & the cargo handled by the Ports have increased over the years…
Viega LLC has hired Yasmin Fortuny as its new technical manager for its shipbuilding and cruise business development division in the Florida, Puerto Rico, Bahamas and Caribbean regions. In this position, Fortuny is responsible for positioning…
A truly global hub and still arguably the center of Asian trade and logistics, Hong Kong nevertheless faces many challenges.… the Port of Hong Kong saw in 2016 its lowest TEU throughput for more than a decade. Not even a late surge in throughput…
Imports at the United States’ major retail container ports should see double-digit year-over-year increases for the next two months as a growing economy increases the demand for affordable merchandise, according to the monthly Global Port Tracker…
Logistics company Santos Brasil Participações SA has confirmed the termination of a contract to move containers for the ESA consortium of shipowners at the port of Santos, according to a statement sent to Reuters on Thursday. Santos Brasil…
Eli Glickman has been nominated by ZIM Integrated Shipping Services’ board of directors as the container carrier’s new president and CEO. Glickman will assume the role July 1, replacing current CEO Rafi Danieli, who last year advised that he would be stepping down…
In February 2017, the Panama Canal set a new daily tonnage record of 1.18 million Panama Canal tons (PC/UMS) after welcoming a total of 1,180 vessels through both the expanded and original locks, the Panama Canal Authority reported. The previous…
As the dry bulk fleet grew by 2.6 percent year on year in January 2017 it exceeded 800 million DWT. This was due to dry bulk demolition being half of what is was in January 2016, while total dry bulk deliveries reached its highest level since January 2013…
Star Bulk Carriers, a global shipping company focusing on the transportation of dry bulk cargoes, announced that it has entered into definitive agreements to acquire two modern Kamsarmax drybulk carriers from an unaffiliated third party for an aggregate total consideration of approximately US$30…
Diana Shipping has announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Koch Shipping Pte. Ltd., Singapore, for one of its Newcastlemax dry bulk vessels, the m/v Philadelphia. The gross charter rate is US$15…
The maritime sector is undergoing significant transformation. To enhance Singapore’s hub port competitiveness, the Maritime and Port Authority of Singapore (MPA) is leveraging technology to help maritime companies innovate and move into new growth areas…
The UK Chamber of Shipping has welcomed Government’s plans to introduce new technical qualifications, but raised questions as to why marine engineering is absent from the plans. As part of the 2017 Budget, Government outlined its plans…
Hyundai Merchant Marine (HMM) has inked a memorandum of understanding (MoU) with state-backed Korea Shipping Company (KSC) for vessel sales worth up to Won850bn ($739.4m) book value, which will strengthen HMM's financial position. Under the deal…
Each year on 8 March, Australian Navy joins with institutions and organisations around the world to celebrate International Women’s Day, recognising the achievements and vital role women deliver in the workforce. In 1911, when International Women’s Day began…
