Diana Shipping Fixes Coronis with Koch
Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Koch Shipping Pte. Ltd., Singapore,…
Ofgem Selects Hornsea One OFTO
UK energy regulator, the Office of Gas and Electricity Markets (Ofgem), has selected Diamond Transmission Partners as the preferred bidder for the offshore transmission…
WACT to commence Phase 2 Upgrade
The West Africa Container Terminal (WACT) is quickly earning a reputation as the gateway to Eastern Nigeria and a strong alternative to ports in Lagos.Investment in the Phase 2 upgrade…
Green Bunker Demand Jumps at Rotterdam
Low-sulfur fuel sales rose sharply in Rotterdam in the last quarter leading up to the implementation of International Maritime Organisation (IMO) 0.5pc sulfur cap…
Kongsberg Sells HUGIN AUV System to NIOT
Norwegian technology enterprise Kongsberg Maritime announced that contracts have been signed for the sale of a HUGIN AUV System to the Indian National Institute of Ocean Technology (NIOT)…
Global LNG Demand to Double by 2040: Shell
Global demand for liquefied natural gas (LNG), rose by 12.5% to hit 359 million tons last year, according to Royal Dutch Shell’s annual LNG Outlook report.According to the forecast by Shell…
Global Container Demand to Grow by 1-3% in 2020
For 2020, global container demand is projected to grow by 1-3%, as per forecast by A.P. Moller - Maersk.The continued weak global sentiment above all in the manufacturing…
Coronavirus to Hit Earnings: Maersk
Global integrated container logistics company A.P. Moller - Maersk posted improved earnings and free cash flow for 2019, despite weaker market conditions and global…
ABS to Class Largest TYPE-B VLECs
A Pair of 99,000cbm VLECs Now Under ConstructionTwo of the largest VLECs ever ordered are now under construction to ABS class at Jiangnan Shipyard following a successful…
Fitzgerald to Rejoin Crowley as COO
Crowley Maritime Corp. announced today that Ray Fitzgerald, who began his career with Crowley and most recently served as president and chief operating officer of Wallenius Wilhelmsen Solutions, and chairman of American Roll-on Roll-off Carrier (ARC), will rejoin the company March 1 as chief operating officer reporting to Tom Crowley, company chairman and CEO. He will be based at the company’s headquarters in Jacksonville…
Hamburg Süd Invests in the Mediterranean
Hamburg Süd is now exclusively represented by its own offices in Italy and Spain after business was previously partially handled by agents and joint-venture organizations. Furthermore, in Egypt the company has taken full management of Hamburg Süd Egypt.“We are thereby investing in the Mediterranean markets that have traditionally been of strategic importance to Hamburg Süd,” says Poul Hestbaek, General Manager of Hamburg Süd’s Region Europe.
NWSA January Container Volumes Drop
The Northwest Seaport Alliance’s total container volume for January 2020 was 263,816 twenty-foot equivalent units (TEUs), a 19.1% decrease from January 2019.Following an unprecedented international container throughput for the same month last year — tied to shippers moving cargo ahead of tariffs, it created a larger than usual gap in the year-over-year figures for January 2020. Imports fell 21.4%,…
Radio Holland Renews MSA with Jumbo
Jumbo Shipping has renewed its MSA (Managed Service Agreement) contracts with Radio Holland,The renewal of the MSA contracts concerns four vessels and has been established for the next four years.Jumbo renewed the MSA contracts with Radio Holland to minimize the hassle of managing multiple suppliers by outsourcing all NavCom service work to Radio Holland technicians, Radio Holland said. Where the previous contracts focused mainly on radar and gyro equipment…
Baltic Index Gains for Fifth Session
The Baltic Exchange's main sea freight index rose for the fifth straight session on Thursday, supported by an uptick in demand across all vessel segments.The Baltic index, which tracks rates for capesize, panamax and supramax vessels that ferry dry bulk commodities, rose 15 points, or 3.2%, to 480.The capesize index gained for a third straight session, up 9 points but still at -232."The worst may just about be over for the big ships…
Shipping Industry Faces $370 mln Hit From New Panama Canal Charge
A new "freshwater" charge that came in this month to help the Panama Canal cope with climate change will cost the shipping industry up to $370 million a year, marking another blow for maritime companies already hit by fallout from the coronavirus.The Panama Canal, one of world's busiest shipping routes, which handled nearly 14,000 transits last year, said last month it would introduce a charge from Feb.
