Russian shipping company Sovcomflot is guiding investors to expect its initial public offering (IPO) to price at the low end of the marketing range, two bookrunners organizing the transaction said on Tuesday.The first big stock market float…
Singapore’s annual liquefied natural gas (LNG) bunkering capacity is expected to hit 1 million tonnes by 2021, as the world’s largest marine refueling hub transitions toward cleaner shipping fuels, a senior minister of state said on Tuesday…
Thailand’s exports may fall by 8%-10% this year, slightly better than the 10% fall predicted earlier, due to a gradual recovery in global demand, the Thai shipping association said on Tuesday.Exports, a key driver of Thai growth, should have bottomed out…
The sea presents many adventures and challenges for those who travel it. In his riveting memoir, “With Tangra Against the Wind,” Captain Nikolay Djambazov details his lifestyle as a sailor and yachtsman, where he did all of his voyages only with a compass and a sextant…
Australian Pump, an Australian designer and manufacturer of high-pressure cleaning equipment, was chosen to design and build 4,000 psi high pressure water blasters for Sydney’s Garden Island Dockyard. The machines, called the Aussie Atlas, feature an all stainless steel construction and produce a 4…
Protesters blocked Port Sudan's container terminal and a road between the eastern city and the capital Khartoum on Sunday to protest against a peace deal signed by the government and groups from across the country, a union official and residents said…
The Scottish Maritime Museum has successfully bid for an 80-year-old bottle of whisky salvaged from one of Scotland’s most famous shipwrecks and the inspiration for the Ealing Studio comedy Whisky Galore!The unlabelled bottle of blended whisky from the 1923 SS Politician…
Pangaea Logistics Solutions Ltd., a bulk carrier and ice class vessel owner/operator headquartered in Newport, R.I., expanded its partnership with Nautilus Labs to include a large part of Pangaea’s fleet of bulk carriers.Pangaea and Nautilus…
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose to over one-year high on Friday as rates for capesize vessels surged on higher iron-ore demand.The overall index, which factors in rates for capesize…
Peter Norborg will take over as CEO of Swire Bulk at the start of 2021, parent company the China Navigation Company Ltd (CNCo) announced Thursday.Norborg has held several top-level management positions in leading shipping companies, including his most recent role as CEO of Clipper Group…
Ship management and marine support services giant V.Group said on Wednesday it has appointed René Kofod-Olsen as the company’s chief executive officer, taking over from Graham Westgarth who will become chairman. Kofod-Olsen will join V. Group on November 1…
Finnish engineering firm Konecranes and cargo handling machinery maker Cargotec plan to merge to help speed up innovation and reap savings, they said on Thursday, sending both of their shares sharply higher.The boards of the companies, which…
Although many of China’s major bulk imports, such as iron ore and crude oil, have seen strong growth so far this year despite the COVID-19 pandemic, imports of coal have followed the opposite trajectory. Staggering high growth in January through…
The world is in the midst of the second coronavirus wave and with that comes the natural question of how the current dynamics will play out for the dry bulk shipping market. Demand and the subsequent cargo flow of the major dry bulk commodities are critical for the freight market…
CMA CGM suspects a cyber attack affecting its servers led to a data breach, the global shipping line said on Wednesday as it continued to restore online services.'We suspect a data breach and are doing everything possible to assess its potential volume and nature…
