The global shipping market is set for a recovery, benefiting from new global rules on marine fuels that came into effect at the beginning of the year after more than a decade of tough market conditions
The technology group Wärtsilä is launching its new LNG Bunkering & Supply System simulator. The simulator will promote greater safety onboard LNG fuelled vessels by improving the level of training for operators of LNG systems
Due to changing rainfall patterns and historic low water levels at Gatun Lake, the main source of water for the waterway, the Panama Canal announced today that it will implement a series of new measures
PSA International handled 85.2 million Twenty-foot Equivalent Units of containers at its port projects around the world for the year ending 31 December 2019
Despite the welcome boost of the ‘phase one’ trade agreement signed by the US and China, much more work is needed to be done to secure a more permanent trading arrangement between two countries
Coastal nations around the Singapore Strait must step up surveillance and patrols of the strategic waterway after a sharp rise in piracy incidents last year
The 45-km Kanal Istanbul, which should be completed in 2026 and link the Black Sea and the Marmara Sea, aims to ease traffic and prevent accidents along the nearby Bosphorus Strait
Chinese maritime authorities found a South Korean-flagged container vessel using marine fuel that exceeds the sulfur cap under new global emission rules
Due to droughts, Panama will impose a “freshwater” charge on ships for use of water from a lake needed to maintain the Panama Canal’s levels
Egypt wants to create an investment arm to channel funds to projects along the Suez Canal to take advantage of proximity to one of the world’s busiest shipping lanes, the chairman of The Suez Canal Economic Zone said
Ordered by the Dutch Spliethoff Group, the ships will be among the first-ever of their type to be powered by LNG fuel.
Ilya Espino de Marotta took office as Deputy Administrator of the Panama Canal, making history as the first woman to ever hold the position.
The U.S. Department of Transportation’s Maritime Administration, the governmental agency that promotes waterborne transportation, announced more than $7.5 million in grants to nine Marine Highway projects
For the week ended January 3, iron ore deliveries from the 35 ports averaged 2.87 million mt per day, up 51,000 mt from the previous week
On 30 December 2019 Iran’s Revolutionary Guards has detained a tanker for allegedly smuggling marine fuels, together with the 16 crew members on board and its cargo of 1.3 million litres of fuel oil
U.S. exporters of LNG head into 2020 after a record year that saw exports soar by more than 60%, but growing concerns about weakened demand and heavy competition could act as headwinds in the coming year
Erdogan has revived plans to dig a canal on the edge of Istanbul despite opposition against the project that has come to define Turkey’s economic boom and bust
Affinity (Shipping) LLP, a shipbroker, said this week in a statement it had facilitated the first trades in CME Group’s liquefied natural gas freight futures contracts
A massive cargo ship drifted onto a beach in southern Israel on Thursday after heavy winds and stormy weather forced the vessel away from its anchor point near the port of Ashdod.
The cruise line Carnival Cruise Line has to cancel some trips of its planned new building "Mardi Gras". The reason is a late delivery from the Meyer Turku shipyard, which is probably related to LNG technology
With a week until the implementation of IMO rules that will slash the permitted level of sulfur in marine fuels, shippers appear to be favoring very low-sulfur fuel oil mixes over distillate fuels.
The world’s largest steelmaker, has agreed to sell a 50% stake in its shipping business, the first step in its plan to offload $2 billion of assets by the middle of 2021 to reduce its debt
Chinese marine fuel suppliers have signed up short-term deals to buy very low-sulphur fuel oil from companies like oil major Shell, Germany’s Uniper and U.S. commodities trader Freepoint ahead of a new standard on emissions for the global shipping industry that kicks in on Jan. 1.
Sao Paulo - Brazil’s Vice President Hamilton Mourao said on Monday that Chinese President Xi Jinping will visit Brazil in November, as the two nations seek to strengthen political and economic ties at a time of global trade tensions.
Hong Kong - The government of Hong Kong has rejected a warning from the U.S. Department of State that it could be penalized if it does business with a specific tanker, the “Pacific Bravo”, which is believed to be under way for China
Mosul - Iraq has issued a warrant for the arrest of the former governor of Nineveh on corruption charges after at least 90 people were killed in a ferry accident in the provincial capital Mosul.
Baghdad - Iraq’s parliament voted on Sunday to sack the governor of Nineveh after an overloaded ferry capsized, killing at least 90 people.
Istanbul - Turkish narcotics police seized 185 kilograms (408 pounds) of cocaine Monday in an anti-narcotics operation in Istanbul, an official said.
Quito - A deep earthquake with a magnitude of 7.5 struck the Peru-Ecuador border region early on Friday morning, the United States Geological Survey said.
Moscow - Tensions between Moscow and Kiev over Sea of Azov on rise. Russia accuses Ukraine of illegally entering its waters.
Berlin - Questions have arisen over why warning systems appeared to have failed after a 7.5 magnitude earthquake off the coast of Indonesia on Friday.
Genoa - Interview with Business Unit Director – Maritime and Technology Fairs Hamburg Messe,Claus Ulrich Selbach
New York - An offshore earthquake with a magnitude of 6.2 hit 165 miles (265 km) west-northwest of Bandon, Oregon, on Wednesday.
New York - Chinese state media struck an optimistic note on trade talks between Chinese and U.S. officials after U.S. President Donald Trump threatened to impose tariffs on up to $150 billion in Chinese goods over allegations of intellectual property theft.
Singapore - Collision between tankers leads to butane leak. Leak poses no danger to shipping. Both ships have been stabilised.
Cairo - Egypt’s Suez Canal revenues rose to $463 million in March from $435.8 million in February, local financial newspaper Al-Borsa reported on Monday.
Geneva - World goods trade will grow 4.4 percent this year, maintaining a rapid recovery that could nevertheless unravel if trade tensions escalate further, the World Trade Organization said.
Sasebo - Japan on Saturday activated its first marine unit since World War Two trained to counter invaders occupying Japanese islands along the edge of the East China Sea that Tokyo fears are vulnerable to attack by China.
The TEN-T Core Network is composed by 9 corridors with the highest strategic importance
Panama City - Demand for LNG has taken off in recent years because of abundant supplies of natural gas, especially from United States shale fields, and because natural gas is a cleaner burning fuel than coal or oil.
Trieste, the sector is growing. Samer Terminal targets Turkish trucks ad invests 12 million.
Genoa - The two Ukrainian sailors who were accused of killing Yuri Kharytonov, the captain of the MSC Giannina, have been released.
Interview with Fabrizio Vettosi (VSL). Doubts about intermodal transport’s ability to compete.
Washington - “No one was injured on either vessel and Benfold sustained minimal damage, including scrapes on its side, pending a full damage assessment,” a statement from the U.S. Seventh Fleet said.
Singapore - There were no immediate reports of damage or casualties from the quake, which struck at a depth of 110 km (68 miles) about 38 km (24 miles) west of Ambon.
And Mercedes-Benz has reserved a distribution centre in the Egyptian free trade zone.
Genova - The RINA Group will handle the certification of the “Costa Smeralda”,the new flagship of the Costa Crociere fleet which is under construction at the Meyer Turku shipyard in Finland. Massimo Volta,the company’s Operational Director for Europe, the Middle East and Africa, made the announcement
Genoa - Autuori: “Ships are used to transport motor cars, buses, and lorries, new and used”.
Rockport - Utilities report over 230,000 customers without power.
Beijing - President Donald Trump on Monday will order his top trade adviser to determine whether to investigate Chinese trade practices that force U.S. firms operating in China to turn over intellectual property, senior administration officials have said.
New York - A magnitude 5.9 quake struck off the coast of Chile, 102 km west-southwest of Coquimbo
Cairo - Suez remains the dominant route, however. Of 57 Qatari deliveries into the UK in 2016, only one went round the Cape of Good Hope.
London - The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Friday for the 14th straight session as rates across vessel segments continued to slide.
Bari - The Puglia Region has allocated €48 million for the dredging of ports that are not under the management of port authorities. “For decades, dredging operations have not been performed in Apulian ports of regional scale. “We’ve decided to step in,” said Mr. Giannini, Regional Councilor for Infrastructure
Genoa - Not only short sea shipping. Brussels supports many collateral activities. Who could obtain them and under what conditions. From security to professional training.
Suez - Suez Canal revenues declined by 4% in January, compared to the same period in 2016. The total revenues registered at $395.2m in January versus $411.8m in the same month in 2016.
Singapore - BHP Billiton has launched an online system under which shippers compete to offer the best price to haul cargoes of commodities such as iron ore and copper to the mining giant’s customers. HP this week allocated its first cargo using the auction-style platform
Tokyo - Philippine govt predicts South China Sea agreement this year (Nikkei).
Manila - Islamist militants in the Philippines allied with Islamic State freed on Saturday a South Korean cargo ship captain and a Filipino member of his crew held captive for more than three months on a southern island, an army spokesman said.
London - The Panama Canal welcomed the largest capacity vessel to-date to transit the Expanded Locks-Hapag-Lloyd’s Valparaiso Express.
Panama - Performing the 500th transit was the container vessel YM Unity, which first began its passage through the Cocoli Locks in the Pacific and then headed north towards the Agua Clara Locks.
THE team of observers of the Chief of Naval Staff and special forces of the Nigerian Navy,who were in Bayelsa State between Thursday and Saturday to appraise the operational capabilities of the forces on ground.
Cairo - An average of 46.83 ships transited the canal per day during that period, with an average load of 2.63m tonnes per day.
Beijing - From 2004 to 2008, exports of cars, machines, construction materials, handbags and food skyrocketed, lifting charter rates along with them.
Seoul - Since June, the consortium has been attaching steel lifting beams to the sunken ship.
London - Efforts to defeat piracy off the coast of Somalia have been relatively successful and it is now in decline. However, it is now on the rise in the Gulf of Guinea.
Suez - Egypt’s Suez Canal Authority is considering a new initiative that will see the world’s top container shippers pay tolls in advance.
Managua - Foreign Minister Mohammad Javad Zarif says Iran is interested in a massive project to build a canal across Nicaragua which will link the Pacific and Atlantic oceans.
Houston - The promise that some oil traders and brokers saw for an expanded Panama Canal to become a new route for large tankers will take longer to realize than expected because many ships must first undergo inconvenient retrofits to transit through the new locks, shipping industry experts said.
Suez - Suez Canal traffic data revealed that 263 ships transited the canal from 24 to 29 June, with a total load of 15.94m tonnes.
Suez - Suez Canal traffic data revealed that 210 ships transited the canal, with a total load of 12.8m tonnes, from 19 to 23 June.
Cairo - Very large crude carriers (VLCCs) transitting the canal from the Arabian Gulf after discharging at the SUMED oil pipeline will be charged $155,000 if they are carrying more than 250,000 in deadweight tonnage.
London - It was the second consecutive week with falling rates.
Paris - The transfer of the first-ever French Mistral helicopter carrier to Egypt was inaugurated in a celebration at the port of Toulouse in France on Thursday.
Suez - Suez Canal traffic data revealed that 270 ships transited the canal, with a total load of 15.9m tonnes, from 14 to 19 May. An average of 45 ships transited the canal per day during that period, with an average load of 2.65m tonnes per day.
Tripoli - The United Nations Security Council on Thursday removed from a U.N. blacklist an Indian-flagged tanker that was recently prevented from shipping oil for the rival eastern Libyan government after Libya’s U.N. mission requested the de-listing.
Beijing - Two European-owned container ships have collided in the East China Sea and one severely damaged vessel has been abandoned by its crew after a fire broke out on board.
Rome - A U.N. arbitration court has ruled that India should release an Italian marine who has been detained in Delhi for more than four years, and allow him to return home.
Muscat - Oman Shipping Company’s subsidiary Oman Container Lines has signed an agreement with the Port of Salalah to start a shipping line between the port and Jebel Ali in the United Arab Emirates (UAE).
Panama City - GUPC, the consortium building the new Panama Canal locks, said that in the next two months it would conduct more than 2,000 trials in the Pacific and Caribbean sectors of the expanded waterway, focusing on gates, valves, electric power and control systems.
Panama City - The Panama Canal has cast fresh doubt on the viability of the planned Nicaragua canal. The Panama Canal said there isn’t enough cargo to support two canals and that the price tag is far above what Nicaragua says it will cost.
Genoa - The total number of containers in circulation in the world is estimated to be about 40 million.
London - Foreign oil tanker owners are expected to make a slow return to Iran despite the lifting of many sanctions as insurers tread carefully, leaving shipping players unwilling to pick up cargoes as quickly as Tehran has wanted.
New York - Online retailer Amazon.com Inc’s China division has registered as an ocean freight forwarder, according to the U.S. Federal Maritime Commission, a move which allows it to coordinate cargo shipments between China and the United States.
London - “Time now is money, and a lot of money,” said Panama Canal tug captain Luis Estribi as sunlight danced on the water near the Panama Canal’s Pacific entrance at Ciudad de Panamá.
London - The nuclear-powered container carrier “Northern Sea Route” (Sevmorput) that has completed overhaul, refitting early this year is expected to commence shipping cargo in the Arctic.
Suez - An average of 40 ships traversed the canal per day, during the past week, with an average load of 2.2m tonnes per day.
Tokyo - 2015 saw further dramatic decrease, and charter rates were more than halved by Q2 2015 to an average of $30,000/day as a result of fall in demand.
Panama - The Panama Canal expansion will be completed by April 2016, the agency that operated the waterway said.
London - Swire Shipping will be enhancing its North Asia to Pacific service from January 2016, becoming the only multipurpose liner operator to connect mainland China to the South Pacific.
Baku - Azerbaijan, the country popularizing its transportation possibilities, cuts off tariffs for transportation across the Caspian Sea.
Suez - The canal is the fastest shipping route between Europe and Asia and is one of the country’s main sources of foreign currency.
Suez - The ongoing slow down in the global economy has driven down revenues from the Suez Canal, one of Egypt’s main sources of foreign currency, head of the Suez Canal Authority, Mohab Mamish, told business daily Al-Borsa.
New York - A life ring has been found from the cargo ship El Faro, which went missing on Thursday after sailing through Hurricane Joaquin in the Bahamas.
London - Major container shipping rates plummeted again this week, with declines on the trunk Shanghai-Europe routes falling at record amounts, according to the latest Shangahi Containerised Freight Index (SCFI).
Beijing - Members of the G6 Alliance today announced additional void sailings within their Asia-Europe product in response to changes in market demand.
Kuala Lumpur - Malaysian authorities were on Thursday (Sep 10) searching for a cargo ship that has been missing for a week and is feared hijacked in the piracy-prone South China Sea, a coast guard official said.
London - The crash in oil prices that sent the Canadian economy reeling has been a gift to the oil shipping business.
Jakarta - Vessel reported water ingress in engine room at around 2200 LT Sep 1, crew didn’t manage to take leak under control, vessel finally, capsized and sank.
London - The Hong Kong Nicaragua Canal Development Company (HKND) said that a recent opinion survey has shown that 78 per cent of Nicaraguans support the US$50 billion project to build a 172-mile shipping waterway through the country.