Danish Shipping Worries on New Trade Restrictions
Although the US has decided to exclude Europe from new tariffs on steel and aluminium, new restrictions on trade between the United States and China raise concern.
NOVA Chemicals, Energy Transfer JV for Ethylene Export Terminal
NOVA Chemicals Corporation announced that its subsidiary, NOVA Chemicals Olefins, and a subsidiary of Energy Transfer Partners, Sunoco Partners Marketing & Terminals (SPMT)…
Rotterdam Port Begins Construction of Container Exchange Route
The Port of Rotterdam Authority has started constructing the infrastructure for the Container Exchange Route (CER). The CER will link the deepsea container terminals…
Huge Ore Carrier Delivered to Vale
Shandong-based Qingdao Beihai Shipbuilding Heavy Industry Co, a subsidiary of Wuchang Shipbuilding Industry Group Co, delivered a very large ore carrier (VLOC) to Brazilian miner Vale SA…
New Samskip Container Service for Amsterdam
A new short-sea container service between Amsterdam and Hull has been formally inaugurated with the first call of the 340-TEU vessel THEA II at Amsterdam Container Terminal (ACT).
US Coast Guard to Discontinue Remaining DGPS Sites
The U.S. Coast Guard announced today it will discontinue broadcasts from its remaining 38 Differential GPS (DGPS) sites over the next three years, completing system reductions that began in 2016.
Near Record Low Arctic Ocean Ice a Boost for Shipping
Winter sea ice on the Arctic Ocean covered the second smallest area on record this year, part of a thaw that is opening the region to shipping and oil exploration and may be disrupting weather far to the south, scientists said on Friday. The extent of floating ice likely reached an annual maximum of 14.5 million square kilometers (5.6 million square miles) on March 17, fractionally bigger than a record set in 2017, the U.S. National Snow and Ice Data Center (NSIDC) said.
Ten Things to Do in New York This Spring
Are you a townie or traveler who needs to shake off the sad vibes of wintertime and blossom into spring? Trends come and go in the blink of an eye. Between trend and tradition, don't fear missing out on it all this season. New York is filled with so many sensations and sites. Whatever you do, do not confuse Macy's Flower Show with NYC's The Orchid Show held at The New York Botanical Garden, or you'll give yourself away as a tourist.
World’s Largest Cruise Ship Delivered
At 362 meters long, 66 meters wide and 70 meters high, Royal Caribbean’s new 228,081 GRT cruise ship takes the “world’s largest” title. Mega ship Symphony of the Seas was delivered today to owner Royal Caribbean International from French shipbuilder STX France who has been constructing the vessel since 2015. The new cruise liner, which boasts 18 decks total with capacity for 6,800 passengers in 2,747 staterooms and is crewed by more than 2…
Grindrod to Float Listing of Shipping Business Offshore
Grindrod, the South Africa-listed freight logistics and shipping services firm, said on Friday it will list its shipping business offshore, with a secondary listing on the Johannesburg bourse. Grindrod, which also has a financial services business, said the transaction which will list the shipping business on the NASDAQ is estimated to be implemented by June, 18. Reporting by Tanisha Heiberg
Dieselgate 101: Opening the Door to Cleaner Engines
Don’t do the crime if you can’t do the time – or at least pay the staggering fine. And pay it forward, Volkwagen will. The auto manufacturer got caught using software to trick emissions control software during testing on some cars – nearly 500,000 2.0 liter and 83,000 3.0 liter diesel vehicles – in order to get a passing grade, after which the cars operated in violation of the Clean Air Act. The years of cheating on vehicles from model years 2009 to 2016 sold and leased in the U.S.…
Capesize Pick-Up Propels Baltic Index
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, registered its first gain in 10 sessions on Friday, buoyed by higher rates for capesize vessels. The overall index, which factors in rates for capesize, panamax and supramax vessels, rose 5 points, or 0.45 percent, to 1,122 points but was down 1.8 percent for the week. The capesize index gained 28 points, or 2.48 percent, to 1,157 points.
AAPA Elects William Friedman As 2018-19 Board Chairman
Friedman is Port of Cleveland's President & CEO. At its 2018 Spring Conference on March 20, the American Association of Port Authorities (AAPA)—the unified and recognized…
Top Ships: Surges on Reverse Stock Split
Shipping company's shares jump 52 pct to 26 cents in heavy premarket trading; top pct gainer on Nasdaq. To effect 1-for-10 reverse stock split will reduce outstanding shares to ~17 mln.
JPM shifts its Ballast
GLOG, NM, NAP down early Fri by ~5 pct, ~8 pct and ~3 pct, respectively. Lead analyst Noah Parquette sees most shipping sectors recovering, notes that dry bulk and…
Liebherr Expands in the U.S.
Liebherr-International AG, a family-owned company and one of the world’s largest manufacturers of construction machinery and earthmoving equipment invests $45 million in the expansion of its Newport News, Virginia, facility. Liebherr, which has been manufacturing and operating in Newport News for nearly 50 years, invests $45 million in the expansion of its Newport News, Virginia, facility. The new…
Capsized Cargo Ship Towed to Le Havre
The hull of capsized cargo ship Britannica Hav has been towed to the Port of Le Havre following a collision with a fishing vessel earlier this week in the English Channel. The 82-meter freighter arrived in port Thursday under the tow of rescue tug RIAS Abeille Liberté and several escort vessels. The Maltese flagged Britannica Hav capsized and overturned Tuesday after a collision with Belgian flagged fishing vessel Deborah about 50 nautical miles northeast of Cherbourg, France.
B-QUA for Ballast Water Surveillance
The Government of Canada is testing aqua-tools’ B-QUA ballast water sampling and monitoring kit for possible use in the Canadian ballast water surveillance program. The program is being led a research scientist from Fisheries and Oceans Canada out of the Great Lakes Laboratory for Fisheries and Aquatic Sciences, in Burlington, Ontario. The research scientist leading the program was also involved in…
Noble Group Founder Resigns Due to 'Amicable Differences'
Noble Group Ltd said this week's resignation of its founder Richard Elman was due to "amicable differences" with the board and a group of senior creditors who are…
Asian Oil, Gas Producers Stepping up Activity after Long Lull
Asia's oil and gas producers are starting to revive projects aimed at deflating years of ballooning energy imports after new investment dried up following the 2014 industry crisis. Spending has so far been driven mainly by state oil companies such as India's ONGC, Thailand's PTTEP and PetroVietnam, which need to produce more oil and gas to ensure their countries' energy security, executives said this week during an industry event in Kuala Lumpur, Malaysia.
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