Oil hit an 11-month high just below $57 a barrel on Tuesday, bolstered by Saudi Arabia's plans to limit supply, offsetting worries that rising coronavirus cases globally would curtail fuel demand.Brent crude settled up 92 cents, or 1.7%, at $56…
Fluechem launched what it is calling 'a revolutionary new system' that allows shipping owners to create their own Urea solution onboard.Launched at the end of 2020, the Urea Generator by Fluechem was born out of a deep understanding of the challenges…
Nautilus Labs, a technology firm aiming to advance the efficiency of ocean commerce through artificial intelligence, announced its partnership to optimize fleet performance with joint venture partners Carisbrooke Shipping and SMT Shipping. Both Carisbrooke…
China's effective ban on imports of Australian coal is forcing a realignment of flows between the world's two biggest importers and two largest exporters.Indonesia and Australia dominate the global seaborne coal trade, with the Southeast Asian nation tops in thermal coal…
Hempel announced an ambitious strategy to double its revenue by 2025, with a strong focus on innovation and digitalization.Hempel has faced its fair number of challenges over its 105 year history, with COVID-19 and the year 2020 presenting historic challenges in the global supply of coatings…
The Baltic Exchange's main sea freight index rose to its highest since October last year as capesize rates continued to firm.The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, was up 88 points, or 5%, to 1,849…
Chinese ports and marine safety authorities are on high alert as an expansion of sea ice makes it tougher for ships to berth and discharge at key energy product import terminals along the coast of northern Bohai Bay.A cold wave sweeping the…
Nor-Shipping has postponed its planned exhibition and activity program for June 2021, pushing the event back to January 10-13, 2022, organizers announced. The maritime trade fair is the latest in a string of international shipping events to be postponed or canceled due to the COVID-19 pandemic…
Classification society Lloyd’s Register (LR) announced the industry experts who have joined the advisory panel of its Maritime Decarbonization Hub, a dedicated center of excellence launched in October that aims to accelerate the safe, sustainable…
Wärtsilä said its Fleet Operations Solution (FOS) will be employed by UltraShip for the Denmark-based shipowner's entire fleet of 18 liquefied petroleum gas (LPG) carrier vessels.The solution by Wärtsilä Voyage is designed to save costs while…
The Baltic Exchange's main sea freight index climbed about 10% to its highest level in three months on Monday as soaring coal demand from China continued to power capesize rates higher.The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels…
After a highly volatile 2020, shipbroker Simpson Spence Young (SSY) looks at the next 12 months and highlights areas of particular interest in their 2021 Outlook Report. The report looks at various drivers of the shipping markets, including…
Gambian authorities seized nearly three tonnes of cocaine from a shipment of industrial salt originating in Ecuador, a spokesman said on Friday, in one of the largest ever busts in West Africa.The 118 bags of cocaine were discovered on Thursday…
The post-Brexit woes facing Scotland’s fishing industry deepened on Saturday as its biggest logistics provider, DFDS Scotland, said it would halt exports to the European Union through one of its main services until at least Wednesday.Previously…
Retrofits of new features into existing ports cranes can produce operational efficiency and safety gains not included on cranes delivered 15-20 years ago, including Ship-to-Shore (STS) Rubber Tyred Gantry (RTG) and Rail Mounted Gantry (RMG) types…
