Shipping News

 

Shipping Industry Urges Free Movement of Crews to Keep Trade Moving

Apr 07, 2020

Ships must be allowed to change over overworked and exhausted crews to help to keep trade flowing as coronavirus lockdowns shut many transit points across the globe, shipping industry officials said on Tuesday.About 90% of world trade is transported…

LR Supporting Critical Supply Chains During Pandemic

Apr 03, 2020

Lloyd’s Register (LR) says it is driving proactive collaboration with key shipping stakeholders to support the International Maritime Organization’s (IMO) Coronavirus (COVID-19) recommendations for facilitating maritime trade – including the…

Egypt's Suez Canal Shipping Unaffected by Coronavirus

Apr 01, 2020

Traffic in Egypt's Suez Canal has so far been unaffected by the spread of the coronavirus, the chief of its authority said on Wednesday, citing a 4.6% increase year-on-year in the number of ships passing through.The canal is the fastest shipping…

Aframax Tanker Delivered to Performance Shipping

Mar 30, 2020

Performance Shipping Inc. (NASDAQ: PSHG) has taken delivery of the M/T P. Kikuma (formerly FSL Shanghai), a 2007-built Aframax tanker of 115,915 dwt that the company entered into an agreement to purchase in February 2020.'M/T P. Kikuma marks…

Opinion: Getting Ahead of the Reality

Mar 27, 2020

In a few short months, the mayhem wrought by coronavirus has changed the world. Our response to the epidemic [more than the virus itself] has the potential to permanently alter the balance of the global economy. But it might be the kind of Black…

Shipping Industry Urges G20 to Keep Freight Flowing

Mar 24, 2020

Ships and their crews must be able to trade freely with minimal port restrictions to ensure supply lines don't freeze up while the coronavirus shuts down much of the globe, shipping and port officials said on Tuesday.After draconian steps to stop the spread of the virus…

Rotterdam Cargo Lags Due to Coronavirus

Mar 18, 2020

The Port of Rotterdam, Europe's largest, expects the flow of goods over the whole of 2020 to be 'clearly below 470 million tonnes last year' as the coronavirus epidemic spreads across the continent, spokesman Leon Willems said on Wednesday.The…

Baltic Exchange Authorized as Benchmark Administrator in the EU

Mar 16, 2020

The Baltic Exchange’s subsidiary, Baltic Exchange Information Services Ltd (BEISL), has been authorized by the UK’s Financial Conduct Authority (FCA) as a benchmark administrator under EU Benchmark Regulation. This means that the Baltic Exchange’s daily dry bulk…

Baltic Index Hits 1-week Low on Sluggish Demand

Mar 16, 2020

The Baltic Exchange's main sea freight index fell to a one-week low on Monday, hurt by weaker rates for panamax vessels, which outweighed an uptick in demand for the capesize and supramax segments.The Baltic index, which tracks rates for capesize…

Sumitomo Mitsui Trust Bank Joins the 'Poseidon Principles'

Mar 13, 2020

Sumitomo Mitsui Trust Bank (SMTB) joined the Poseidon Principles. The Principles were developed by international shipping banks, in collaboration with leading maritime industry players, to promote greener global shipping. They establish a common…

Port of Rotterdam Sees Slight Recovery in China Shipments

Mar 09, 2020

The number of container ships travelling from China to the port of Rotterdam seems to have recovered slightly, as coronavirus measures that had significantly curbed traffic from China have been eased, the port's CEO said on Monday.'A few weeks…

Russia to Disinfect Ships from Iran, Italy and South Korea

Mar 05, 2020

Russia has ordered the mandatorydisinfection of ships arriving at the Black Sea ports of Novorossiisk and Yuzhnaya Ozereyevka from Iran, Italy and South Korea because of the coronavirus, a  document seen by Reuters showed.A branch of Rospotrebnadzor…

Shipping Goods into Nigeria Costs More Than for African Peers

Mar 04, 2020

It costs as much as five times more to ship goods into Nigeria than it does to deliver items via other African ports, consultancy SBM Intelligence said in a note on Wednesday.SBM tracked shipments from the European Union into Appapa, a key import hub in Nigeria's commercial capital of Lagos…

The Maritime Industry and COVID-19

Mar 03, 2020

The COVID-19 epidemic, which was first called the novel Coronavirus and then the 2019-nCoV, is spreading fast around the world.  It is more contagious than the 2002 SARS outbreak, its cousin, but not as lethal.  Unfortunately, its impact on…

Interview: Toyohisa Nakano Discusses "K" Line Green Initiatives

Mar 02, 2020

Last year Kawasaki Kisen Kaisha, Ltd. (“K” Line) – one of the world’s largest and most influential ship owners with 478 ships comprising 40.5 million DWT and more than 6,000 employees – celebrated its 100th anniversary. Toyohisa Nakano, Executive Officer…

Logistics News

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As Shale Oil Gains Slow, Deepwater Port Struggles for Customers

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China's Imports of Russian Oil Near Record High

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Port of Detroit Unveils Plan to Decarbonize Operations

Port of Detroit Unveils Plan to Decarbonize Operations

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