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Baltic index edges lower on weaker capesize rates

The Baltic Exchange’s main sea freight index, which tracks rates for capesize, panamax and supramax vessels, fell on Monday, on lower rates for capesize vessels. The Baltic index fell 13 points, or 0.9%, to 1,402. The capesize index fell...

Tanker operator thanks Britain for storming vessel after stowaways turned hostile

The operator of an oil tanker stormed in the English Channel by British special forces thanked the authorities on Monday for their timely response, saying help was requested after seven stowaways who boarded in Nigeria turned hostile. Troops from...

Dorian LPG sees dual fuel VLGC upgrade costing 3 times scrubber retrofitting

Upgrading the main engines of very large gas carriers to dual fuel technology using LPG to reduce sulfur emissions would cost more than three times that of retrofitting scrubbers, a senior Dorian LPG official said. Research and preliminary engineering...

Optimarin gains IMO G8 approval and seals Arriva Shipping and Østensjø Rederi orders

Optimarin has confirmed receipt of a revised IMO G8 certificate for its market proven, simple and robust ballast water treatment (BWT) technology. The news ensures complete global compliance for a growing customer base, with the very latest orders received...

World Shipping Council urges IMO member states to take concrete action towards decarbonising shipping

Amid the criticism of the results of the IMO intercessional GHG working group, the World Shipping Council urges member states to not lose sight of the ultimate goal of decarbonising shipping. A detailed proposal to get us there lies...

Jotun launches SeaQuantum III series featuring microZone™ technology for tailor-made fouling protection

Jotun has today announced the launch of a range of premium antifouling coatings to succeed its market leading SeaQuantum S-line offering tailor-made fouling protection. The silyl methacrylate-based SeaQuantum III series, with products tailored for customer specific vessel operational profiles,...

Bahri reports 114% rise in third quarter net profit

Bahri, a global leader in logistics and transportation, recorded positive financial results during the third quarter of 2020, compared to those of the same quarter last year. Bahri recorded a remarkable increase of 302% in net profit for the...

Aramex Goes Live with CargoWise Globally in a “Big Bang” Approach

Aramex (DFM: ARMX), a leading global provider of comprehensive logistics and transportation solutions, announced today the official go-live of their rollout of WiseTech Global’s integrated logistics execution platform, CargoWise, across its global network. The CargoWise rollout represents an integral...

Wärtsilä cargo handling system design selected for new Very Large Ethane Carrier vessels

The technology group Wärtsilä’s proven experience in delivering cargo handling systems for gas carriers has been cited as a key consideration in the award of a new contract for Very Large Ethane Carriers (VLEC). The Hyundai Heavy Industries (HHI)...

United Heavy Lift opens office in Houston, Texas

United Heavy Lift (UHL), a global leader in marine ocean transport of heavy lift, breakbulk and project cargoes, today announced the opening of an office in Houston, Texas to meet the needs of customers in the United States. The...

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Ship charter rates to be exposed to volatility in near-term: Icra

Ship charter rates are likely to be exposed to volatility in the near-term, despite some segments seeing a recovery in pricing, as the demand...

Power steering approval

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