Baltic Index Eases on Weaker Capesize Rates
The Baltic Exchange's main sea freight index, tracking rates for ships ferrying dry bulk commodities, was weighed down on Monday by weaker demand for the capesize vessel segment.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, shed 9 points, or 0.7 percent, to 1,357 points.The capesize index fell 47 points, or 2.5 percent, to 1,853 points, its lowest in almost 15 weeks.Average daily earnings for capesizes, which typically transport 170,000-180,000 to
Maersk to Spend $2 Bln to Meet 2020 Sulphur Cap
Maersk Line said it will introduce a new Bunker Adjustment Factor (BAF) surcharge designed to recover costs of compliance with the global 0.5 percent sulphur cap set to enter into force on January 1, 2020. The Danish container carrier said it expects its extra fuel costs could exceed $2 billion.The BAF surcharge will be introduced on January 1, 2019, replacing Maersk Line's current Standard Bunker Adjustment Factor (SBF) surcharge.
Maritime Ports Pushed to Up Cyber Security
Resilience planning, Info Sharing Take Spotlight“Oh what a tangled web we weave, when first we practice to deceive.” That old chestnut gets turned on its head when it comes to port cyber security. It’s more like “Oh what a tangled web we’ve woven, so much harder to stop data stolen.”Ports today have the physical aspect of security pretty well nailed shut - gates, locks, fencing, alarms, cameras, drones, etc.
Oil and Gas Fuel Australian Exports
New Australian Bureau of Statistics (ABS) data highlights the important contribution the oil and gas industry and liquefied natural gas (LNG) exports are playing…
Brexit Shouldn't Mar Prospects of Seafarers: UK Chamber
UK Chamber of Shipping said that no deal could limit the opportunities for UK seafarers. A no-deal Brexit would also potentially inconvenience operators of UK-flagged ships…
Passenger Medevaced from Cruise Ship in Alaska
U.S. Coast Guard 17th District Alaska medevaced a woman from a cruise ship near Ketchikan, according to an official press release.A 45-foot Response Boat-Medium…
UK Satellites Launched to Track Illegal Shipping Activity
Surrey Satellite Technology Ltd (SSTL) has confirmed the successful launch of two satellites, NovaSAR-1, a Synthetic Aperture Radar (SAR) satellite, and SSTL S1-4…
LNG Bunkering to Grow at CAGR of 62.50% CAGR to Reach $247bn in 2023
The global liquefied Natural Gas (LNG) bunkering market is expected to witness a CAGR of 62.5% over the forecast period 2017-2023, and is projected to reach USD 24…
Gulf Island Fabrication to Build Riverboat Using Casino Boat's Hull
American manufacturer of marine vessels Gulf Island Fabrication has signed a contract for the expansion and delivery of one 245-guest riverboat with American Countess.The…
Canada's First New Arctic Patrol Vessel Launched
Canada’s lead Arctic and Offshore Patrol Vessel, the future HMCS Harry DeWolf, was launched at Halifax Shipyard on Saturday, marking a significant milestone for…
Besix completes construction of Bahrain LNG Import Terminal
Brussels-headquartered contracting giant Besix has completed the design and construction of Bahrain Liquefied Natural Gas (LNG) Import Terminal in Muharraq Island.The…
USCG Navigation Center: Steering a steady course for safe, secure, efficient waterways
The U.S. Coast Guard’s Navigation Center (NAVCEN) is involved in a number of activities that have an impact on all Americans, even if they don’t realize it.From motorists checking directions with their Global Positioning System (GPS) to boaters to ships coming and going to U.S. ports, the NAVCEN plays an unseen but vital role.With a staff of19 officers, 17 enlisted personnel and 19 civilians, NAVCEN falls under the Director of Marine Transportation Systems (CG-5PW) at USCG Headquarters…
Global Fishery Forum on Fishing Vessel Safety
Fishing is one of the world’s most dangerous occupations. Literally thousands of fishers lose their lives at sea each year.An international treaty addressing safety…
APM Terminals to Focus on VGM Accuracy
Two years since the introduction of Verified Gross Mass (VGM) regulations, the industry appears to have achieved compliance but, “the accuracy of recorded weights still needs attention…
Baltic Eagle Surveys Underway
Fugro has commenced a marine site characterisation programme at Iberdrola’s Baltic Eagle Offshore Wind Farm, in German waters of the Baltic Sea.Under a contract worth over EUR10 million…
GC Rieber Shipping CEO Christian Wilhelm Berg Resigns
Norwegian shipping company GC Rieber Shipping said that Christian Wilhelm Berg resigned the position as CEO with effect from 14 September 2018 in order to pursue…
MOL Magsaysay Maritime Academy Opened
Japanese shipping giant Mitsui O.S.K. Lines (MOL) announced that an inauguration ceremony for MOL Magsaysay Maritime Academy (MMMA), jointly operated by MOL and Magsaysay Maritime Corporation (MMC)…
KVH Industries Bullish on AgilePlans
The provider of mobile connectivity and inertial navigation systems KVH Industries said that it innovative Connectivity as a Service (CaaS) program, 'AgilePlans'…
DNV GL Pact with WeatherTech on Wind Turbines
DNV GL, the world’s largest resource of independent energy experts and certification body, today announced that it has joined forces with Swedish atmospheric science experts…
IMO Training for Reducing Emissions in Ports
International Maritime Organization (IMO)'s work to promote better understanding of - and steps to reduce - emissions in ports has reached Georgia, at a workshop…
