Shipping News

 

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…

NWSA January Container Volumes Drop

Feb 20, 2020

The Northwest Seaport Alliance’s total container volume for January 2020 was 263,816 twenty-foot equivalent units (TEUs), a 19.1% decrease from January 2019.Following an unprecedented international container throughput for the same month last year — tied to shippers moving cargo ahead of tariffs…

Shipping Industry Faces $370 mln Hit From New Panama Canal Charge

Feb 20, 2020

A new 'freshwater' charge that came in this month to help the Panama Canal cope with climate change will cost the shipping industry up to $370 million a year, marking another blow for maritime companies already hit by fallout from the coronavirus…

Wärtsilä Navi-Port Tested for Just-in-time Sailing

Feb 19, 2020

Wärtsilä, together with project partners Carnival Maritime and HVCC Hamburg Vessel Coordination Center (HVCC), announced they have implemented and tested a new solution for just-in-time sailing.Together, the partners have achieved the exchange…

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…

Logistics News

Manson to Perform Maintenance Dredging in Coos Bay

Manson to Perform Maintenance Dredging in Coos Bay

Cruise Port Being Redeveloped in Seward, Alaska

Cruise Port Being Redeveloped in Seward, Alaska

Donjon Marine Awarded $19 Million Dredging Contract

Donjon Marine Awarded $19 Million Dredging Contract

Pilot Planning Implicated in Tanker Contact with Jetty

Pilot Planning Implicated in Tanker Contact with Jetty

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