The gloomy outlook for the dry bulk shipping market continues to afflict shipowners and the market is not expected to return to profitability before 2017, according to the Dry Bulk Forecaster report published by global shipping consultancy Drewry…
The four-year SEAFRONT project, launched in 2014, has trialled new processes and methods designed to increase scientific understanding of exactly how biofouling occurs and how this problem can best be addressed. This initial work will…
Inchcape Shipping Services (ISS) is advising of a further 24 hour general strike in Greece on December 3 which is expected to affect vessel movements at many Greek ports and terminals.The public and private sector strike action is scheduled…
The construction of a wide access channel to Port Said East, as the side channel project, has officially received approval. The head of the Suez Canal Authority (SCA), vice admiral Mohab Mamish, has approved the construction of a new access…
A Hong Kong-registered ship, Ning Po, has leaked some fuel but it is unclear how much has been spilled or what the cause of the leak was, say local media reports. Officials worked to clear a fuel spill from the ship berthed at Northport in Whangarei Harbour…
The Port Authority of New York and New Jersey sees consolidated debt issuance of $1.2 bln in 2016 compared with $1.5 bln this year, according to its $7.9 billion 2016 budget released on Monday. Although next year's debt issuance represents a decline from this year…
Waiting times for ships at the Panama Canal have returned to normal after poor weather and a spike in traffic caused delays for several weeks, the waterway's operator said on Monday. 'Today ... the line is 45 ships, which represents a maximum waiting time of two days…
Suez Canal Authority (SCA) and the Red Sea Ports Authority signed an agreement with Dubai Ports World (DP World) and Sonker Bunkering Company for the development of Egypt’s Ain Sokhna seaport, reports Egypt Independent. The signing of the…
A formal signing ceremony will now enable vessels to transit to Port Said East through a new side channel to be constructed bypassing the Suez Canal’s main entrance. Vice Admiral Mohab Mamish, the Head of the SCA, formally approved the construction of a new 9…
China's Hong Kong Nicaragua Development (HKND) Co. said it is delaying the start of construction on a controversial $50 billion inter-ocean canal across Nicaragua until late 2016. HKND has obtained approval for environmental studies of the canal earlier this month…
There are various hazards associated with the trade in coal. UK P&I Club’s Loss Prevention Team highlights the risks involved, and advises on the relevant actions to take in order to reduce accidents. Self-heating incidents involving…
Chairman of the Suez Canal Authority (SCA), Vice Admiral Mohab Mamish, signed a settlement agreement with the Suez Canal Container Terminal (SCCT-Maersk), says Daily News Egypt. Egypt is also planing to complete a side channel in East Port Said…
Swan Energy Limited will invest around Rs. 5,600 crore ($845 mln) towards setting up of Jafrabad LNG Port project in Gujarat with one jetty-moored Floating, Storage and Regasification Unit (FSRU). The joint venture project by Swan Energy Limited (SEL) and its Belgium partner Exmar Marine N…
The State of Alaska has finalized a deal with TransCanada to buy out the pipeline company's share in the proposed Alaska liquefied natural gas export project for nearly $65 million. Alaska has completed the buyout of TransCanada’s interest in the Alaska LNG project…
The Oshawa Port Authority, one of Green Marine’s founding members as the former Oshawa Harbor Commission, announced it is again a Green Marine participant. Green Marine is a voluntary initiative in Canada and the U.S. targeting levels of…
