Higher Rates Continue to Perk Up Baltic Index
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Friday, boosted by stronger rates across all vessel segments.
This Day In Naval History: July 15
1862 - While CSS Arkansas makes her way down the Yazoo River, she encounters the Union gunboats USS Carondelet, USS Tyler, and USS Queen of the West. In the ensuing battle, CSS Arkansas damages the first two vessels and makes her way into the Mississippi River, where she boldly fights through the Federal fleet to find refuge at the Confederate batteries at Vicksburg, Miss. 1896 - USS Oregon (BB 3) is commissioned.
Japan, Vietnam Agree South China Sea Ruling Must Be Observed
Japanese Prime Minister Shinzo Abe agreed with his Vietnamese counterpart that an arbitration court's decision this week on the South China Sea must be observed…
Asia-N.Europe Container Rates Fall 17%
Shipping freight rates for transporting containers from ports in Asia to Northern Europe fell 17 percent to $776 per 20-foot container (TEU) in the week ended on Friday, the Shanghai Containerized Freight Index showed according to a source with access to the data. In the week to Friday, container freight rates dropped 20.3 percent from Asia to ports in the Mediterranean, rose 21.9 percent to ports on the U.S. West Coast and were up 8.3 percent to ports on the U.S. East Coast.
Filipino Fishermen Still Blocked from Scarborough Shoal
China's coastguard has prevented Filipino boats from fishing around the hotly contested Scarborough Shoal, Philippine officials said on Friday, after Beijing kept…
Navig8 Acquires Tanker from SPP Shipbuilding
Navig8 Product Tankers Inc. (the “Company”) (N-OTC: EIGHT), an international shipping company focused on the transportation of petroleum products, today took delivery of the Navig8 Pride…
Elektrans Selects SDSD Asset Management System
Elektrans Shipping, part of the Elektrans Group have selected and are now implementing the Web based integrated fleet management system, Marine Asset Management System (MAMS).
Zim to Adopt INTTRA eVGM Service
ZIM Integrated Shipping Services, one of the world's leading container shipping carriers, and INTTRA, the world's ocean shipping electronic marketplace, stated that…
Two Patrol Vessels Delivered in Nigeria
The construction of M/V Hezekiah and M/V Lady Dora, two 35-meter offshore security patrol vessels, has been completed for an undisclosed client in Lagos, Nigeria.
Alfa Laval to Help Meet 0.5% Sulphur Fuel Cap
Alfa Laval is ready to help customers meet a global 0.5% sulphur fuel limit, no matter what the outcome of the MEPC70 meeting. The new Alfa Laval PureSOx Global…
First Post-Panamax Reaches SC Ports via Expanded Canal
Today South Carolina Ports Authority (SCPA) welcomed the Hannover Bridge, first post-Panamax size vessel to call Charleston after transiting the newly-opened Panama Canal expansion.
Incat Crowther Designs NYC's New Ferries
Incat Crowther has designed a new fleet of vessels for Hornblower, the selected operator of New York City’s new Citywide Ferry Service. The undertaking announced…
LM2500 Gas Turbine Powers Turkish Navy's MILGEM Corvette
GE’s Marine Solutions announced that the Turkish Navy’s third MILGEM multi-purpose corvette TCG Burgazada was launched powered by a GE LM2500 gas turbine-based propulsion system.
Wärtsilä in Coalition to Promote LNG as a Marine Fuel
Wärtsilä and other leading marine industry players have formed a coalition, known as SEA/LNG, to accelerate the widespread adoption of liquefied natural gas (LNG) as a marine fuel.
Energy Efficiency is Impacted by Choices Made Throughout a Vessel’s Lifecycle
Investments in energy efficiency improvements offer cruise and ferry and merchant vessel operators an opportunity to reduce operating costs and emissions while building a more sustainable brand image…
TTA Disposes Ship Agency
Thailand-based Thoresen Thai Agencies (TTA) has disposed of all its holdings in affiliated ship agency Thoresen Shipping and Logistics Ltd (TSL). TTA said in an…
Port of Antwerp on the Way to Another Record Year
The port of Antwerp handled a freight volume of 108,317,922 tonnes in the first six months of this year, 3.6% more than in the same period last year. The container…
EU Ship Recycling on the Radar
The European Union Ship Recycling Regulation has been effective since 2013 and applies to all ships entering ports and terminals of EU Member States. While it is…
Global Tonnage Continues to Grow
2015 saw further growth in total Group entered tonnage, which increased from 1,047 billion GT as at August 2014 to 1,088 billion GT as at August 2015, says annual…
Maersk Upgrades 'Triple Star' Service
Maersk Line is upgrading its ‘Triple Star’ service by launching direct, weekly northbound connections between New Zealand and North East Asian ports. "We are optimising…
