Baltic Index Rises to One-week High
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, edged up to hit a one-week high on Monday as capesizes rates rose. The overall index, which factors in rates for capesize, panamax and supramax vessels, closed up four points, or 0.36 percent, at 1,126 points, its highest since March 19. The index had marked its first gain in 10 sessions on Friday. The capesize index gained 40 points, or 3.46 percent, to finish at 1,197 points.
Greek Shipping Tycoon Denies Drug Trafficking Charges
Greek shipping tycoon and the owner of Olympiakos Piraeus and Nottingham Forest soccer teams, Vangelis Marinakis, denied any links to drug trafficking on Saturday, a day after a Greek prosecutor brought preliminary charges against him. The prosecutor charged Marinakis with financing and storing drug substances and setting up a criminal group to traffic and sell drugs, a judiciary source said. The 50…
Coldharbour Going after Japanese Type Approval
Ballast water treatment systems manufacturer Coldharbour Marine said it has engaged Japanese classification society ClassNK to assist in the process of obtaining Japanese type approval from the Ministry of Land, Infrastructure, Transport and Tourism. The approval is a requirement for all foreign companies in the marine sector seeking to sell their products to customers in Japan. The type approval process…
Samsung’s Smart Ship Solution Obtains ABS Cyber Approval
U.S. based classification society ABS said it has granted a Certificate of CyberSafety Compliance for South Korean shipbuilder Samsung Heavy Industries’ (SHI) Smart Ship Solution demonstrating adherence to the ABS Guide for Cybersecurity Implementation for the Marine and Offshore Industries and ISO 27000 series, IT Security Control Code of Practice. SHI’s Smart Ship Solution aims to improve vessel…
Interview: Angus Frew, Secretary General, BIMCO
BIMCO’s Secretary General & CEO Angus Frew spent some time with Maritime Reporter & Engineering News to discuss the burning topics of the day in maritime … environmental regulation, digitalization & cyber security, and reducing the administrative burden on the ship’s master. We left no stone unturned for the man who recently had his contract extended to the end of 2022 to remain at the helm of the world’s largest international shipping association.
Chinese Shipbuilding Giant CSSC Appoints New Chairman
China State Shipbuilding Corp (CSSC) said on Monday Lei Fanpei would become the Chinese state shipbuilder's new chairman, replacing the incumbent Dong Qiang. Lei…
Jeffboat Announces Plant Closure
Jeffboat announced this morning the pending closure of its shipyard operations in Jeffersonville, Indiana. Following recent Worker Adjustment and Retraining Notification…
Trafigura to Install Scrubbers on its New Tankers
Commodities trader Trafigura will install scrubbers on its fleet of newbuild tankers to comply with new regulations from 2020 that will slash sulphur levels that ships are allowed to burn…
APL's Direct Service to Chu Lai
APL announced that APL Chu Lai, a 1,200-TEU vessel, has made her maiden direct call at the Chu Lai Tam Hiep Port on 24 March. This officially commences APL’s new…
ICS: Compromise Needed on CO2 strategy
Ahead of critical meetings at the UN International Maritime Organization (IMO) which commence on 3 April, the International Chamber of Shipping (ICS) says that…
Wärtsilä VOC Recovery for AET Tankers
Wärtsilä will supply its Volatile Organic Compounds (VOC) recovery technology, LNG fuel gas handling systems and the auxiliary engines for two new shuttle tankers…
Abuja MOU to Enhance Shipping Standards in West, Central Africa
In a bid to harmonize port state control inspection procedures that will lead to the elimination of substandard shipping in the West and Central Africa sub-region…
Abu Dhabi Ports, China Trade Council Sign MoU
Abu Dhabi Ports inked a new agreement with the China Council for the Promotion of International Trade to explore new commercial opportunities between Chinese companies…
Damen to Take Over DSME’s Mangalia Shipyard
Dutch Damen Shipyards Group has completed negotiations with the Romanian Government on the Mangalia shipyard. René H. Berkvens, CEO said, “We are very pleased with…
STX Shipbuilding Stages Strike
The trade union workers of South Korea's STX Offshore & Shipbuilding Co. said Sunday they will stage a strike starting this week to protest the company's self-rescue plan, reports Yonhap.
DP World to Develop Kazakhstan's Special Economic Zones
Dubai Ports (DP) World, the global port operator of the United Arab Emirates (UAE), and the government of Kazakhstan signed two framework agreements in Abu Dhabi today relating to the acquisition…
First New Crane Begins Work at Port of Savannah
The first of Georgia Ports Authority’s four new Neo-Panamax cranes came online this week, bringing GPA’s operating fleet to 27 — more than any other single terminal in the nation.
GasLog Partners Signs Multiple New Charter Agreements
GasLog Partners has announced that it has entered into agreements with a new customer for two new charters plus options for an additional two charters. The agreements…
World Ports Sustainability Program Launched
Nearly 1,000 ports and port-related enterprises met in Antwerp, Belgium to sign the charter of the new World Ports Sustainability Program (WPSP). Earlier, more than 250 professionals from ports…
DP World Wins Congo Port Concession
DP World, the Dubai-based ports operator, announced it has won a 30-year concession for the management and development of a port project in the Democratic Republic of Congo (DRC).