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Grain Deliveries to China Hit Snag: North P&I Club

Jan 07, 2016

A number of claims and disputes have arisen where cargoes of Distillers Dried Grains with Solubles (DDGS) originating from the United States have been rejected by Chinese receivers.The cargoes were rejected on the basis of color. If the color of the DDGS is dark…

Nuclear LDO Designator Established - USN

Jan 07, 2016

The Navy is aligning limited duty officers (LDO) who support the nuclear enterprise under the 640X designator into the 62XX nuclear power series, according to NAVADMIN 006/16 released Jan. 6.This change aligns all submarine and nuclear enterprise LDOs' job functions…

IRClass Rules for ICG Ships

Jan 07, 2016

The “Rules and Regulations for Construction and Classification of Indian Coast Guard Ships”, developed by the Indian Register of Shipping (IRS) were formally released by the Director General Indian Coast Guard, Vice Admiral HCS Bisht AVSM…

Shipping Sector Confused on Emission

Jan 07, 2016

Over the course of the year the extent of the shipping industry’s confusion – some would say delusion – on how to clean up its emissions became clear, says Sotiris Raptis, shipping and aviation officer, European Federation for Transport and Environment…

Chinese Shipping to Face Wave of Bankruptcies

Jan 07, 2016

The Shanghai International Shipping Institute (SISI) predicts a surge in bankruptcies within China's dry bulk shipping industry, Reuters reports. The overall business climate in China continues to deteriorate and dry bulk shipping companies…

Dry Aulk Awakens from Slumber

Jan 07, 2016

After a quiet holiday period, the market has slowly awakened from its slumber, says the weekly report by Fearnleys A.S. Rates are not running away but the market looks like it is finding a bottom. Averages for a Surpa are now around mid $4…

Abu Dhabi Ports' Maqta Gateway Starts Operations

Jan 07, 2016

Abu Dhabi Ports, the master developer, operator and manager of ports and Khalifa Industrial Zone in the Emirate, has started initial trial operations of its Port Community System, ‘Maqta Gateway’, following the successful completion of Stage1 of the overall project development…

Slow Start for Tanker Rates in New Year

Jan 07, 2016

A super year for the VLCCs behind us which ended at earnings Meg/East close to $100k/day, says Fearnleys Week. The new year has started somewhat slower and rates ex Meg are off the peaks, but earnings remain very healthy.  Continued interest…

Box, Dry Bulk Can Sustain by Slashing Capacity

Jan 07, 2016

International accountant and shipping adviser Moore Stephens believes slashing capacity is the only way to achieve stability in the dry bulk and container ship sectors.  The shipping industry is expected to remain volatile and indispensable in 2016…

Adani Ports to Expand Terminal with MSC

Jan 07, 2016

Adani Group turns its flagship port and India’s biggest commercial port at Mundra in Gujarat into a regional transhipment hub by partnering with Terminal Investment Ltd SA, the container terminal operating company majority owned by Geneva-based Mediterranean Shipping Co…

U.S. Shipbuilding: Funds Available for Small Shipyards

Jan 06, 2016

Maritime Administration announced funding availability for small U.S. shipyards; grants aim to help yards modernize and improve efficiency The U.S. Department of Transportation’s Maritime Administration (MARAD) today announced the availability of $4…

XL Catlin Promotes Chief Underwriting Officer, Marine

Jan 06, 2016

XL Catlin today announced the promotion of Anne Marie Elder to the role of Chief Underwriting Officer Marine for the Americas region. Elder in her new leadership role now reports to Lee Meyrick, XL Catlin’s Chief Underwriting Officer for Global Marine…

Glendinning Named SVP, Service Division, Alfa Laval

Jan 06, 2016

Ross Glendinning was appointed Senior Vice President, Service Division of Alfa Laval Inc. in January 2016. Glendinning is charged with driving consistent profitable growth, and developing new sales opportunities for the service business of Alfa Laval in the U…

Port of London Authority Names Chief Harbor Master

Jan 06, 2016

The Port of London Authority (PLA) has appointed Bob Baker as chief harbor master.  Bob Baker will join the PLA from Forth Ports, where he has been chief harbor master since 2001.  He will succeed David Phillips, who is retiring from the PLA in April…

etpm Kicks off 2016 with Charity Campaign

Jan 06, 2016

Marine and subsea recruitment firm etpm is kicking off the New Year with the launch of its charity fundraiser, The Super Saturday campaign, which revolves around the RBS Six Nations Rugby Tournament and encourages a bit of healthy competition…

Logistics News

LNG Shipping’s Long-Term Outlook Remains Positive

LNG Shipping’s Long-Term Outlook Remains Positive

Soybeans, Wheat, Corn Futures Drop As Broad Commodities Slump

Soybeans, Wheat, Corn Futures Drop As Broad Commodities Slump

Mecad USA Selects Oklahoma’s Port of Catoosa for US Headquarters

Mecad USA Selects Oklahoma’s Port of Catoosa for US Headquarters

GTT Receives LNG Carriers Tank Design Order From HD KSOE

GTT Receives LNG Carriers Tank Design Order From HD KSOE

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