Shipping News

 

Poseidon Readies $140Bn Shipping Loan

Feb 02, 2020

With the signing by the France-based international lender to global shipping BNP Paribas and the Swiss multinational investment bank Credit Suisse, Signatories of the Poseidon Principles represent around $140 billion in loans to international…

BIMCO Names Loosley CEO

Jan 13, 2020

BIMCO has appointed David Loosley as its new Secretary General & CEO with effect from June 2020. Loosley joins from the Institute of Marine Engineering Science & Technology (IMarEST), which he led for the last eight years.Prior to joining IMarEST…

Xeneta's Year Ends High, Concerns Remain

Dec 23, 2019

Xeneta has ended 2019 with a second month of increases in long-term contracted ocean freight rates across key trading routes.According to the latest XSI Public Indices report from Xeneta  global rates climbed by 0.9% in December (adding to a 0…

BIMCO: Tanker Shipping and Macroeconomics Outlook

Nov 25, 2019

World growth and trade volumes under pressure, but still positive. A continued slowdown in global growth, as well as a lower trade multiplier will reduce overall demand for shipping for the rest of this year and through 2020.Expectations for global trade growth have also been lowered for 2020…

Hojgaard Appointed Chairman of HKSOA

Nov 22, 2019

Anglo-Eastern has announced the confirmation of Chief Executive Officer, Capt. Bjorn Hojgaard, as Chairman of the Hong Kong Shipowners Association (HKSOA). His appointment follows a two-year tenure as the association’s Deputy Chairman, and is…

Revenues Soar at Russia’s PAO Sovcomflot

Aug 29, 2019

PAO Sovcomflot (SCF Group), which serves the energy shipping and offshore services to the oil and gas industries, reported in the first half of 2019 revenues rose 16.6% ($828m vs. $710.1m), TCE revenue rose 19.1% ($609m vs. $511.3m) and EBITDA rose 42…

NYK’s New President Emphasizes CSR

Jun 21, 2019

Hitoshi Nagasawa, the new president of Japanese shipping giant Nippon Yusen (NYK), made his inaugural speech to the NYK Group staff members at the company’s head office in Tokyo.He began his speech quoting the famous Japanese entrepreneur Konosuke Matsushita…

Senator Cassidy: No Jones Act Waiver

May 02, 2019

A Republican U.S. senator on Wednesday said President Donald Trump will not waive rules requiring that only U.S.-flagged ships move natural gas from American ports to Puerto Rico and the U.S. Northeast.The nearly 100-year-old Jones Act mandates the use of U…

Nautilus Secures $11M in 'AI' Funding

Apr 05, 2019

Nautilus, the company building artificial intelligence for the maritime shipping industry, has announced $11M in Series A funding led by M12, Microsoft’s venture fund, along with Root Ventures. Existing and new investors including Quiet Capital…

Shipping Software Market to Reach USD1.9Bln by 2024

Mar 17, 2019

The global Shipping Software market is valued at 1160 million in 2018 and is expected to reach 1880 million by the end of 2024, growing at a CAGR of 8.3% between 2019 and 2024.The shipping software market stands tall as one of the most proactive industry verticals…

Stink Bugs Drive Car Carrier from Port

Dec 05, 2018

Biosecurity New Zealand has directed a vehicle carrier to leave New Zealand waters following the discovery of stink bugs and other regulated pests.Biosecurity officers intercepted 3 live and 39 dead brown marmorated stink bugs and 69 other dead…

Iran Sanctions, New Fuel Rules Headline Dubai Conference

Sep 26, 2018

New trading sanctions against Iran and  new fuel rules coming in 2020 for the entire maritime sector were the headlines of a seminar hosted by marine insurer North P&I Club yesterday in Dubai at the Taj Dubai.On the topic of sanctions against Iran…

Logistics News

Only One Bid, DEME, for Argentina River Dredge Contract

Only One Bid, DEME, for Argentina River Dredge Contract

Saverex NV Launches Takeover Bid for Exmar NV

Saverex NV Launches Takeover Bid for Exmar NV

Hefring Marine’s IMAS to Upgrade MSRS Maritime Nav Tech

Hefring Marine’s IMAS to Upgrade MSRS Maritime Nav Tech

Indian Prime Minister, French President Visit CMA CGM HQ

Indian Prime Minister, French President Visit CMA CGM HQ

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