Baltic Index Down for Eighth Session
The Baltic Exchange's main sea freight index fell for an eighth straight session on Wednesday, due to weaker demand for capesize vessels.* The overall index, which tracks rates for ships carrying dry bulk commodities, fell 14 points, or 1.1 percent, to 1,309 points.* The capesize index fell 44 points, or 2.2 percent, to 1,942 points.* Average daily earnings for capesizes, which typically transport 170,000-180,000 tonne cargoes such as iron ore and coal, fell by $272 to $16,070.* The panamax inde
Woodside Mulls Texas Sempra LNG Exit
The chief executive officer of Woodside Petroleum Ltd said on Tuesday that Australia's biggest independent oil and natural gas company will soon decide whether to…
Low Water Hampers Germany's Rhine, Danube Shipping
Water levels on the Rhine and Danube in Germany have fallen after recent dry weather and freight vessels cannot sail fully loaded on some sections of the rivers, traders said on Wednesday.
Maersk Line to Comply with U.S Sanctions on Iran
Maersk Line, a part of A. P. Moller-Maersk, acknowledged that the United states has announced it will cease its participation in the joint comprehensive plan of action (JCPOA)…
Russian Arctic LNG Debuts on NSR to Asia
A landmark Russian Arctic liquefied natural gas (LNG) shipment has begun its journey through the Northern Sea Route (NSR) to Asia, marking the delayed start of summer…
Europe to Attract Women Seafarers
European Transport Workers Federation, (ETF) and the European Community Shipowners’ Associations (ECSA) have discussed possible solutions to increase women’s participation…
APM Terminals India Becomes Authorized Economic Operator
APM Terminals India Pvt. Ltd became one of India’s first Inland Service providers to receive the internationally recognized security standard, Authorized Economic…
Europe: Train Gains Ground in Goods Transport
Parties involved in the transport of goods by rail have reached agreement with State Secretary Stientje van Veldhoven on a package of measures designed to make goods…
Expanded Panama Canal Commemorates Two Year Anniversary
In the two years since its inauguration, the Expanded Panama Canal continues to offer record growth across segments and rising trade opportunities around the world.
Newport News Shipbuilding Partners With Commonwealth of Virginia
Huntington Ingalls Industries' Newport News Shipbuilding division is partnering with the Commonwealth of Virginia in support of its major hiring initiative. Gov.
Marine Environment Protection for Southeast Asia Seas Project Launched
Seven ASEAN countries have formally launched an ambitious initiative aimed at improving the environmental health of the seas in the region, through the implementation…
World’s Largest Port Joins IAPH
The Ningbo Zhoushan Port Group, which manages the port complex of Ningbo and Zhoushan in China, decided to join the International Association of Ports and Harbors (IAPH).
Shippers on EU Policy on Migrants Rescued at Sea
The global trade association for ship operators – the International Chamber of Shipping (ICS) – is increasingly concerned about the new policy of the Italian Government…
Gas to Overtake Oil as Primary Energy Source by Mid-2030s
Nearly two-thirds (64%) of oil and gas sector leaders expect to increase or sustain spending on gas projects in 2018, as the sector prepares for gas to overtake…
#BTC100 History
In 2016, Bouchard Transportation Co. partnered with SUNY Maritime College to privately host the required USCG Leadership & Managerial Skills Course for all BTC Tug Captains & Chief Engineers. Following course completion, all Tug Captains then received a full day of simulator training at the Bouchard Transportation Co., Inc. Tug & Barge Simulation Center at SUNY Maritime College. Proper training and education remains of vital importance to BTC…
Laino Named Chembulk CCO
Chembulk Tankers named Steve Laino its Chief Commercial Officer, based out of the Southport office and responsible for all facets of our commercial strategy worldwide…
Keeping Plastics Out of the Ocean: New AMELS Drinking Water Systems
Inspired by yacht owners and crews and to coincide with World Environment Day, AMELS announced that it is designing drinking water purification systems into all…
Maritime Decarbonization: The Path Starts in Norway
Breaking new ground: the all-electric, zero-emissions Future of The FjordsNorwegian cruise vessel offers amazing tourist experience while protecting fragile UNESCO World Heritage environmentFuture of the Fjords, the world’s first all-electric and completely emissions-free ship, launched in April this year by Norwegian tours operator The Fjords, is now operating as a cruise vessel on the spectacular Gudvangen to Flåm route along the Nærøyfjord, Sognefjord and Aurlandsfjord of western Norway.
HCAC to Aquire NRC, Sprint Energy from JFLCO
J.F. Lehman & Company (JFLCO), a middle-market private equity firm said that its investment affiliate JFL-NRC-SES Partners, LLC signed an agreement to sell its membership interests in NRC Group Holdings, LLC (NRC Group), formed earlier this year with the combination of JFLCO companies National Response Corporation (NRC) and Sprint Energy Services (Sprint) , to Hennessy Capital Acquisition Corp. III (HCAC).
Slipstream and Crew Win Yachts de Coeur Humanitarian Prize
Slipstream, a 60-m Burgess motor yacht, and her crew were presented with the annual Yachts de Coeur humanitarian prize in Cannes in June 2018. The award was presented…
