U.S. oil offshore losses remained at 76% on Thursday after Hurricane Ida hit the Gulf of Mexico, according to government data, which prolonged outages and caused the first oil cargo shipment cancellations to buyers in Asia.Production should…
French container shipping group CMA CGM said on Thursday it was stopping all increases in its spot freight rates until February in a gesture to customers after a surge in shipping costs during the coronavirus pandemic.The pandemic has strained…
As ports and hinterland transport struggle to keep up, delays at ports are soaking up capacity leading to frustration on the shippers’ side and leaving carriers struggling to keep up all the while making record profits, shipping organization BIMCO reports…
In a career that began with building wooden runabouts, Slikkers pioneered sport, sail and pleasure boats..Leon Slikkers, a marine industry pioneer, whose career building boats dates back to the 1940s, is retiring from Tiara Yachts, the company announced…
Asia’s grain and oilseed buyers are set to face shipping delays of at least one month after Hurricane Ida damaged key export terminals around the U.S. Gulf Coast, two traders and one miller said. The slowdown in supplies is likely to stoke food inflation fears for price-sensitive consumers in Asia…
Unequal vaccine distribution has put a stopper in the recovery in parts of the world, adding to supply chain disruptions and slowing growth even in countries protected by higher vaccination rates, says shipping trade organization BIMCO. In a globalized world…
BIMCO's longtime chief shipping analyst Peter Sand is departing the trade organization to take up the chief analyst role at ocean and air freight rate benchmarking, market analytics platform and container shipping index Xeneta, the Olso-based company announced on Wednesday…
Container vessel operations resumed at the Port of New Orleans on Tuesday, nine days after Hurricane Ida made landfall in southeast Louisiana as a category 4 storm.The first two ships worked at the Napoleon Avenue Container Terminal were the…
In August, the Port of Brownsville announced the appointment of two new deputy port directors effective August 9, 2021.Melinda Rodriguez is the deputy port director of administration and will oversee the port’s Human Resources, Real Estate Services…
China’s exports unexpectedly grew at a faster pace in August thanks to solid global demand, helping take some of the pressure off the world’s second-biggest economy as it navigates its way through headwinds from several fronts.The Asian giant…
The Baltic Exchange's main dry bulk sea freight index dropped on Tuesday to its lowest since mid-August, as demand eased across all vessel segments.The overall index, which factors in rates for capesize, panamax, supramax and handysize vessels…
The 11th Annual Maritime Risk Symposium: A Virtual Event Exploring All Too Real RisksThe past year has been as impactful for the world’s maritime transportation xystem as it has been for the rest of society. From the Suez Canal to the Arctic and beyond…
Norwegian company Fonna Vekst announced it has formed a new maritime equipment supplier called Nordic Fender.The Husnes-headquartered firm offers products in ship and port fendering as well as equipment for transferring liquid cargo between ships…
State-backed holding company ADQ said on Tuesday it plans to list Abu Dhabi Ports Co on the Abu Dhabi Securities Exchange (ADX) before the end of the year.The proposed listing of a portion of existing shares is expected before the end of 2021…
Italian shipbuilder Fincantieri has cut first steel for the first of two LNG-powered cruise ships being built for Princess Cruises, a Carnival Corporation brand.The steel cutting ceremony took place last week in San Giorgio di Nogaro (Udine) at Centro Servizi Navali…
