Asia-N.Europe Box Rates Hit 6-Year Low
Shipping freight rates for transporting containers from ports in Asia to Northern Europe fell 23 percent to $342 per 20-foot container (TEU) in the week ended on Fridayā¦
Kalmar to Debut its latest at TOC Europe Exhibition
Kalmar, part of Cargotec, will introduce yet another port industry first during the upcoming TOC Europe exhibition in Rotterdam, the Netherlands. On 9 June, ONE is coming.
SENER holds a FORAN seminar in Wuhan, China
The āFORAN new modules, new functions and FEM-Link (Hypermesh) Seminarā was held on April 23rd in Wuhan. SENER is playing a big role in China, where it has beenā¦
L.A., Long Beach Create Supply Chain Working Groups
Seeking new supply chain efficiencies, the ports of Los Angeles and Long Beach have announced the creation of working groups focusing on peak operations and terminalā¦
Adm. Swift Takes Command of Pacific Fleet
Adm. Scott H. Swift returned to his home state and relieved Adm. Harry B. Harris Jr. as commander of the U.S. Pacific Fleet during a change of command ceremony on Joint Base Pearl Harbor-Hickamā¦
ISS, Brightwell Introduce Onboard Cashless Payment System
Inchcape Shipping Services (ISS), the world-leading marine, cargo and supply chain solutions provider, has teamed up with Brightwell Payments, Inc. to introduceā¦
Lerwick Port Promoting Shetland Fishing Industry
The importance of investment in the Shetland fishing industry has been highlighted today by Lerwick Port Authority Chief Executive, Sandra Laurenson. The industry ā white fishā¦
Germany Looking to Dock Submarine Deal with India
The German Defense Minister Ursula von der Leyen is visiting India lobbying for the purchase of German Stealth Submarines and European military hardware, say local media.
Hoegh LNG's Bond Issue
Hoegh LNG (HLNG) has successfully completed the issuance of a USD 130 million senior unsecured bond in the Nordic bond market with maturity date expected to be 5 June 2020.
Rieber offloads Polar Prince
GC Rieber Shipping has entered into an agreement to sell subsea vessel "Polar Prince", which the company had built in 1999. The transaction gives GC Rieber Shippingā¦
Indian Navy Monitoring Activities of China
Amid increasing Chinese presence in the Indian Ocean region, Navy Chief Admiral R.K. Dhowan said that Indian Navy āminutelyā monitors the activities of its Chinese counterpart in the regionā¦
NordLB Back to Profit
Although the crisis is not over in all segments, Germany's second-largest marine lender, Nord LB, said its shipping loan portfolio turned a corner in the first quarterā¦
Navios to Expand Fleet with Two VLCCs
Monaco-based tanker owner and operator Navios Maritime Midstream Partners (NAP) plans to launch syndication of a USD 205 million Term Loan B to finance the purchaseā¦
Iran, Oman Sign Maritime Agreement
Iran's Mehr news agency said that Iranian Foreign Minister Javad Zarif and Omani Foreign Minister Yusuf bin Alawi have announced that the two countries have agreedā¦
DMCC, DMCA to Promote Dubaiās Maritime Sector
DMCC has signed a Memorandum of Understanding (āMoUā) with the Dubai Maritime City Authority to help promote Dubai to the maritime sector as a global destinationā¦
Lifting of US Crude Oil Export Ban Possible within Year
The U.S. Congress could lift the 40-year old ban on domestic crude oil exports within a year as a drop in gasoline prices and the potential return of Iranian oilā¦
Duke Energy to Help Develop Jeffersonville Port Site
Duke Energy Indiana has selected a 140-acre parcel of land inside the Port of Indiana-Jeffersonville in Clark County for the utility's 2015 Site Readiness Program.
UNOLS Seeks Nominations for Council Positions
The University-National Oceanographic Laboratory System (UNOLS) is an organization of academic oceanographic institutions working in cooperation with agencies of the U.S.
Savannah Harbor Expansion Project Update
Lt. Gen. Thomas Bostick, commander of the U.S. Army Corps of Engineers, visited the Port of Savannah on Thursday, for an update on the Savannah Harbor Expansion Project (SHEP). "The SHEP will create economic opportunity not only across Georgia, but throughout the Southeast," said Georgia Gov. Nathan Deal. The harbor deepening, currently in the construction phase, will deepen the shipping channel from 42 to 47 feet at mean low water.
Furuno Debuts Updated Echo Sounder
Furuno has introduced a new IMO Echo Sounder, FE800, offering an 8.4-inch Color LCD display with built-in dual-frequency capability. It also features a new system design that provides immediate retrofit capability of older Furuno units, as well as easy installation on new build vessels. The new color display accommodates both full and split-screen options. It offers a traditional single-frequency bottom presentation that you are used to seeingā¦
