Panamax, Supramax Rates Drag Baltic Index
The Baltic Exchange's main sea freight index fell for a sixth straight session to a more than two-week low on Tuesday following weak demand for panamax and supramax vessels.The Baltic index, which tracks rates for ships ferrying dry bulk commodities, fell 1.2%, or 23 points, to 1,899 points, its lowest since July 12.The capesize index rose 4 points, or 0.1%, to 3,664 points. However, average daily earnings for capesizes…
U.S. Asked Germany to Join Hormuz Mission
The United States has formally asked Germany to join France and Britain in a mission to ensure safe shipping through the Strait of Hormuz, off the coast of Iran, and to combat Iranian aggression, the U.S. Embassy in Berlin said on Tuesday."We’ve formally asked Germany to join France and the UK to help secure the Straits of Hormuz and combat Iranian aggression. Members of the German government have been clear that freedom of navigation should be protected...
Vietnamese Fishermen Want Action Against China
A Vietnamese fishermen's group has called on the government to take stronger measures for the removal of a Chinese oil survey vessel that Vietnam accuses of violating…
Australia: US to build Navy Port Facility
The United States is planning to build additional military infrastructure in Australia once Congress gives approval to the U.S. Navy for $211.5 million, Australian Foreign Minister Marise Payne said on Tuesday.The plans for a bigger U.S. footprint in Australia come at a time when the Western allies have become increasingly concerned by China's efforts to expand its influence in the Pacific."The development of facilities will support the Force Posture Initiatives…
For China, U.S. Soybeans are Small Fry
China's purchase of some U.S. soybeans is being viewed as a tentative sign of a little détente in the dispute between the world's two largest economies, but real progress would be a resumption of what had been a burgeoning energy trade.U.S. and Chinese negotiators are meeting for two days of talks in Shanghai starting on Tuesday amid modest expectations for progress to resolve the trade imbroglio that…
Borr Drilling Launches US IPO
Offshore drilling contractor Borr Drilling has launched the initial public offering (IPO) in the United States of 5 million of its common shares on July 29.The drilling…
Castor Maritime Adds New Vessel
Cyprus-based Castor Maritime announced that on July 25, 2019, it has entered into, through a separate wholly-owned subsidiary, an agreement to purchase Panamax…
Maersk Gets Saudi Ports Licence
The Saudi Ports Authority (Mawani ) has issued a license to the local subsidiary of Maersk in order to operate in all ports across Saudi Arabia.According to the state news agency SPA…
ICE Launches More Marine Futures Contracts
Intercontinental Exchange (ICE), the operator of global exchanges and clearing houses and provider of data and listings services, launched a further nine Marine…
Qatargas Delivers LNG Cargo to Belgium
Qatargas Operating Company Limited delivered the first cargo of Liquefied Natural Gas (LNG) on a Q-Max vessel to Zeebrugge LNG Terminal in Belgium, marking the first…
South Africa Readies for Sulphur Cap
South Africa will be ready to implement new global ships fuel regulations aimed at prevention of air pollution by ships at sea, but may have to pick up pace putting…
ECSA Discusses on EU Shipping Issues
The European Community Shipowners' Associations (ECSA) informed that its Board met in Brussels on 26 June, to discuss the issues the European shipping industry is…
APM Terminals Hits Record in BMPH Servicing
The international container terminal operating company APM Terminals announced that its Barcelona unit has achieved a very high 150 BMPH (berth moves per hour) servicing…
FUELTRAX Provides EFMS Solutions to Penguin
Singapore-based Penguin International has selected FUELTRAX to provide electronic fuel monitoring system (EFMS) solutions for its Flex Fighter range of armored multi…
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