The International Maritime Organization (IMO) has warned of the possible dangers of liquefaction associated with carriage of bauxite, following consideration of findings from the investigation into the loss of the 2006-built bulk carrier Bulk Jupiter in January 2015. The Bahama-flagged Bulk Jupiter
The Baltic Dry Index rose to 960 points on Friday, September 18th, marking an 8,72 percent rise or a jump by 77 points from Thursday, which also marked a 69 points climb, according to the Baltic Exchange in London. Average spot rates for Capesizes were up by USD 2,782 from the previous USD 14,658 an
The Baltic Dry Index rose to 960 points on Friday, September 18th, marking an 8,72 percent rise or a jump by 77 points from Thursday, which also marked a 69 points climb, according to the Baltic Exchange in London. Average spot rates for Capesizes were up by USD 2,782 from the previous USD 14,658 an
Dubai-based port operator DP World is interested in investing in Russia’s Far East region, the company’s Chairman Sultan Ahmed bin Sulayem said after a meeting with Russian President Vladimir Putin during the opening of the Eastern Economic Forum (EEF) held in Vladivostok from September 3 to 5. Foll
Dubai-based port operator DP World is interested in investing in Russia’s Far East region, the company’s Chairman Sultan Ahmed bin Sulayem said after a meeting with Russian President Vladimir Putin during the opening of the Eastern Economic Forum (EEF) held in Vladivostok from September 3 to 5. Foll
The low demand on the high volume trade lanes is surely increasing the pressure on earnings which is already felt in the container shipping industry, BIMCO’s Chief Shipping Analyst, Peter Sand shared with the participants at the Maritime Cyprus 2015 Conference in Limassol, Cyprus on the 13-16 Septem
The low demand on the high volume trade lanes is surely increasing the pressure on earnings which is already felt in the container shipping industry, BIMCO’s Chief Shipping Analyst, Peter Sand shared with the participants at the Maritime Cyprus 2015 Conference in Limassol, Cyprus on the 13-16 Septem
A fire broke out on board one of the largest ships in the container shipping industry, the LNG-ready 18,000 TEU Barzan, owned by the United Arab Shipping Company (UASC), while under way to Felixtowe, UK. The fire was detected in the hold number two early Tuesday, while the ship was some 60 miles off
A fire broke out on board one of the largest ships in the container shipping industry, the LNG-ready 18,000 TEU Barzan, owned by the United Arab Shipping Company (UASC), while under way to Felixtowe, UK. The fire was detected in the hold number two early Tuesday, while the ship was some 60 miles off
A new report released by the World Wide Fund for Nature reveals an alarming decline in marine biodiversity over the last few decades with populations of marine vertebrates declining by 49% between 1970 and 2012, and populations of some fish species decreasing by almost 75%. In addition to fish, the
A new report released by the World Wide Fund for Nature reveals an alarming decline in marine biodiversity over the last few decades with populations of marine vertebrates declining by 49% between 1970 and 2012, and populations of some fish species decreasing by almost 75%. In addition to fish, the
The recent catastrophe at the port of Tianjin in China should be a “substantial wake-up call to all cargo insurers,” as large cargo losses are having a significant impact on the marine insurance sector, Nick Derrick, Chairman of the Cargo Committee at The International Union of Marine Insurance (IUM
The recent catastrophe at the port of Tianjin in China should be a “substantial wake-up call to all cargo insurers,” as large cargo losses are having a significant impact on the marine insurance sector, Nick Derrick, Chairman of the Cargo Committee at The International Union of Marine Insurance (IUM
Department of Seaports & Customs of the Government of Sharjah, in the UAE has signed a Sister Port agreement with the Canaveral Port Authority of Florida. The signing ceremony was hosted by port operator Gulftainer, which recently expanded into the USA with a new concession at Port Canaveral and whi
