Maritime Industry Top News
Capesize Rates Nudge Baltic Index Up Again
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose marginally on Friday on stronger rates for capesize vessels.
Sri Lanka Denies Chinese Request for Sub Visit
Sri Lanka has rejected China's request to dock one of its submarines in Colombo this month, two senior government officials said on Thursday as the Indian prime minister landed in the island nation.
Union Calls Off Strike at Jakarta Port
An Indonesian labour union has scrapped a planned strike at Jakarta's Tanjung Priok port next week, ensuring operations would run normally at the country's busiest port…
Hapag-Lloyd Projects Higher FY '17 Earnings
CEO sees closer supply-demand balance in shipping market; higher earnings forecasts upheld after wider net loss. German container shipping firm Hapag-Lloyd on Friday…
Ferry Service or Humanitarian Rescue Boats?
Some EU officials say NGOs inadvertently encourage people smuggling; NGOs say they are only trying to save lives. A "ferry service" that encourages people smugglers…
Navios Readies for Rickmers Vessel Acquisition
Navios Maritime Containers announced that it has agreed with investors to sell approximately 15 million of its shares for an aggregate of approximately $75 million…
Oldendorff Appoints Verifavia for EU MRV Verification
Oldendorff Carriers has appointed Verifavia to verify its fleet of vessels in line with the European Union’s Monitoring, Reporting, and Verification (EU MRV) regulation.
Safety in LNG Usage as Marine Fuel
The safe use of natural gas as marine fuel was in focus at the International Conference on Liquefied Natural Gas for Transport and Industry in Naples, Italy (10-11 May).
UK Chamber Shipping Upbeat after US abandoning Jones Act Amendments
US authorities have abandoned plans to tighten Jones Act coastal shipping rules – and it’s all thanks to the coordinated efforts of international government administrations…
ZIM Achieves Improved Results in Q1
In the face of tough business environment, ZIM Integrated Shipping Services (ZIM) continues to outperform the industry and achieve improved results, claims a statement from the company.
DP World London Now Handles Far East Calls
MOL Triumph, the first of the world’s largest and newest vessels to call in the UK, arrives in Southampton on THE Alliance's FE2 service as new third deep-water…
IMO Catalyst for More Efficient Ships
"International Maritime Organization (IMO) regulations will be a driver and catalyst for a generation of new, more efficient ships" said Stefan Micallef, Director…
CME Lifts 'Force Majeure' at Some Illinois River Locales
The CME Group Inc on Thursday said it lifted the majority of force majeure conditions invoked at corn and soybean shipping stations on the Illinois River earlier this month.
Pasha Hawaii Taps Keppel Fels to Build LNG-Fueled Boxships
Delivery of First Vessel Planned for Early 2020. Honolulu-based Pasha Hawaii today announced that the company has selected Keppel AmFELS in Brownsville, TX, a subsidiary…
Cammell Laird Honors Military Heritage
Liverpool City Region (UK) shipyard Cammell Laird has announced it will be honoring its illustrious naval and military heritage next month by being headline sponsor of the UK’s Armed Forces Day (AFD). The AFD celebrations will take place in Liverpool this year on June 24, with more than 1,000 serving personnel, veterans, cadets and marching bands taking part in a parade followed by a full program of events near the city’s iconic waterfront.
Rickmers Schedules Bondholder Vote on Revamp Plan
Only 17.4 percent of Rickmers' bondholders took part in a vote on the company's restructuring plan on Wednesday, fewer than the minimum required. Under the proposed revamp plan…
Baltic Index Gains On Firmer Capesize Rates
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, inched higher on Thursday helped by stronger rates for capesize vessels. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, was up seven points, or 0.7 percent, at 1,012 points. The capesize index jumped 50 points, or 3.04 percent, to 1,695 points.
Spring Cargo Numbers Buoy Great Lakes-Seaway Shipping
Spring cargo numbers from the St. Lawrence Seaway and U.S. ports are signaling a better year for Great Lakes-Seaway shipping. According to the latest figures from the St. Lawrence Seaway, total cargo shipments via the Seaway from the start of the shipping season (March 20 through April 30) reached 3.7 million metric tons, up 8 percent from the same period a year ago. “It’s still very early in the season…
U.S. Forecaster Sees Chance of El Nino By Summer, Fall 2017
Neutral or El Nino conditions are nearly equally likely in the Northern Hemisphere this summer and fall, a U.S. government forecaster said on Thursday. The National…
Crowley to Supply LNG in Puerto Rico
Crowley Maritime Corp.’s liquefied natural gas (LNG) services group has been awarded a multi-year contract to supply additional volumes of containerized, U.S.-sourced LNG to a major pharmaceutical company’s manufacturing plants in Puerto Rico. The contract, executed through Crowley’s Carib Energy LLC subsidiary, extends a 2014 contract awarded to Crowley for LNG supply for the facilities by expanding LNG services to additional plants.
