Despite US President Barack Obama’s warning thatthe land reclamation work in the strategically important South China Sea would affect peaceful resolution of maritime disputes in the area, China might press on, reports SCMP. Obama said…
Major container shipping rates plummeted again this week, with declines on the trunk Shanghai-Europe routes falling at record amounts, says Shangahi Containerised Freight Index (SCFI). A eport in ASC says that the SCFI for Far East to North Europe dropped by a staggering 31%…
Union Minister of Shipping, Road Transport & Highways Shri Nitin Gadkari has said that the decline observed in the performance of Major Ports from 2008 to 2014 has reversed and they have shown improvement in their performance in 2015. Shri…
Sparking speculation that a recovery in commodities could be around the corner, the Baltic Dry Index, a measure of shipping costs for commodities, has risen 17.5 per cent since September 15, reports Business Standard. The indexis up 21 per cent at 943…
The VLCC market continued to strengthen this week with sentiment supported by both stronger demand and expectations for the October Middle East and West Africa programs to rise substantially from September levels, according to Charles R.Weber Weekly…
At present more than half of the world’s piracy attacks are occurring in South East Asia, says he latest International Maritime Bureau (IMB) incident report. Piracy in the Gulf of Aden, which was the scourge of global shipping from 2011-14 has all but disappeared…
First Gen Corp. hopes to secure a partner for its planned $1-billion liquefied natural gas (LNG) import terminal in Batangas this year as the company gears up for the project’s construction phase in 2016, reports local media. The Lopez…
Capt Pradeep Chawla, Managing Director QHSE & Training, Anglo-Eastern Ship Management Ltd., delivered a theme address at the World Maritime Day symposium on 'Shipping's future needs people: Is global maritime education and training on course…
GC “Hidromek” (Russia) and Aker Arctic (Finland) have signed the strategic partnership agreement at NEVA 2015GC “Hydromech” (Russia) Inc and Aker Arctic (Finland) signed an agreement on strategic partnership at the NEVA 2015 International Exhibition and Conferences yesterday…
ABS Chairman, President and CEO Christopher J. Wiernicki has taken part in a series of meetings with maritime industry stakeholders in his capacity as chairman of the International Association of Classification Societies (IACS).Together with IACS Secretary-General Robert Ashdown…
The Managers have released, on September 22, 2015, the Club’s latest loss prevention DVD – 'Fit for Life'. The launch took place at a premiere screening of the film at the Barbican Center, central London before an invited audience of a number of the Club’s Member…
Dynasafe has announced that Tom Krumpholz has been appointed as Managing Director of the newly established Dynasafe Marine Services GmbH in Hamburg, Germany, and will lead the company’s activities in the fast growing Marine Area Clearance segment…
Jeremy Penn, chief executive of London's centuries old Baltic Exchange will step down next year, the exchange said on Friday.Penn, who took the helm as CEO in 2003 after previous top positions with international news agency Reuters, will leave next summer…
Xantrex recently donated a powerful inverter/charger system, Freedom SW 3024 to empower SPLASH’s (Student Participation in Learning Aquatic Science & History) educational program on a steamboat operating on the Delaware River. SPLASH is…
The National Marine Manufacturers Association (NMMA) this week presented the 12th consecutive Customer Satisfaction Index (CSI) award to Volvo Penta recognizing excellence in customer satisfaction in marine sterndrive engines. The CSI award is based on an independent survey of over 50…
