Trans-Pacific short vs long contract freight rate gap hits record $2,400 per FEUAs the year 2020 continues to deliver positive surprises for the container shipping sector, the gap between short and long term contract freight rates on the Trans-Pacific trade lane has never been wider…
At the virtual ICEPAG 2020 conference, NYK Group company NYK Energy Transport (USA) Inc. (NETU) introduced the group’s efforts to reduce vessel GHG (greenhouse gas) emissions to zero.The ICEPAG, or the International Colloquium on Environmentally Preferred Advanced Power Generation…
Canadian grain shipments through the Great Lakes-St. Lawrence Seaway trade corridor are up 20% in response to continuing world demand for wheat and canola, the latest figures show.Year-to-date shipments of grain (from April 1 to August 31) totaled 5…
Hyundai Samho Heavy Industries has delivered the world's first very large containership powered by liquefied natural gas (LNG) to Singapore's Eastern Pacific Shipping (EPS), the South Korean shipbuilder announced Wednesday.The LNG-powered, 14…
Berlin offered to spend 1 billion euros ($1.2 billion) to build two liquid natural gas terminals in a bid to dissuade the United States from imposing sanctions over the Nord Stream 2 pipeline, due to bring gas directly from Russia to Germany…
Dubai's DP World is partnering with an Israeli group to bid for one of Israel's two main ports and to examine opening a direct shipping line between the two Middle East states, it said on Wednesday.The announcement came a day after Israel and…
Abu Dhabi Ports launched the 'Smart Container' initiative, a prefabricated containerized data center runs a wide range of mission-critical applications, including port and terminal operation systems, visitor passes, and other digital customer services…
The Baltic Exchange's main sea freight index rose for a second consecutive session on Tuesday, buoyed by stronger rates for capesize vessels.The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects rates for capesize…
Port of Los Angeles container volumes hit an all-time high in August, as importers restocked warehouses and retailers prepared for the upcoming holiday season, but officials warned that uncontrolled spread of COVID-19 remains an economic threat…
The European Parliament on Tuesday voted in favour of including greenhouse gas emissions from the maritime sector in the European Union's carbon market from 2022, throwing its weight behind EU plans to make ships pay for their pollution.Shipping…
Maersk Training in the UK announced the launch of its upgraded Training Management Solution (TMS) with the aim to improve the training management for companies dealing with fewer headcount and remote working, amid the coronavirus pandemic.The software is divided into two parts…
Marine fuels services provider KPI OceanConnect announced Tuesday it has appointed industry expert Boris Gronenberg as Managing Director of its Hamburg operations.KPI OceanConnect’s Hamburg office is located at the heart of Hamburg’s shipping community and is one of 16 in the recently merged group…
Energy companies, ports and refiners raced on Monday to shut down as Hurricane Sally grew stronger while lumbering toward the central U.S. Gulf Coast, the second significant hurricane to shutter oil and gas activity over the last month.The hurricane…
Abu Dhabi Ports announced said that Khalifa Port’s expansion -- announced in late 2019 -- is on pace for completion, despite challenges presented in the face of COVID-19. To date:200 meters of quay wall and almost 175,000 sq m of land within…
Indian Register of Shipping (IRClass) has received authorization as a Recognized Organization from the U.S. flag administration, a recognition which delegates authority to IRClass to undertake statutory survey and certification services on US flag ships on behalf of the administration…
