Business

Report Highlights Transpacific ocean freight peak season has been a bonanza, with prices still more than double last year. However, carriers cancelled the 1 December General Rate Increase (GRI), doubting if the demand would stay up. This week, West Coast...

The Maritime Professional has summarized this week's Baltic Index surge in these words "The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, on Tuesday retraced from its six-week high in the previous session,...

Protection Vessels International in their latest report highlighted the present maritime situation of the world. Here we are reporting on that report. South East Asia  Indonesia: Gunmen board LPG tanker at Merak Anchorage Three men armed with guns and knives boarded an...

  The Alfa Laval Gas Combustion Unit (GCU) sold over 100 units of GCUs in 2018. Alfa Laval bought the technology from Snecma in 2013 and built up a strong position for the product in the LNG market. The...

Alibrashipping has published a list of important shipping news and activities that are of primary importance of shipowners this season. Here are the things that changed shipping in early December. Mexico welcomes new president December 1 marked the inauguration of Mexican...

Several recent big items of positive news relating to exports of oil and LNG along the Texas Gulf Coast might come just in time to help allay fears of new, downstream bottlenecks for products coming out of the Permian...

Shanghai Port Awards Shipping Safety Contract to Saab, says a MarineLink article. VTMIS renewal Saab has received an order from the China Maritime Safety Administration to renew and extend the Vessel Traffic Management Information System (VTMIS) in Shanghai, improving the safety...

In a major development, Thun Tankers recently named their new, environmentally adapted tanker “Thun Evolve” in Groningen, Holland. The tanker, a long-term charter will be leased by Preem for deliveries to the company's depots and customers in Sweden, Norway,...

Crowley Logistics received 400 new reefers in Santo Tomas, Guatemala to accommodate the northbound reefer season through May 2019. Crowley has invested over 0.25 billion dollars in new cargo equipment for its fleet. The company operates more than...

Capesize A roller-coaster week for the big ships with hopes soaring at the start for a mini last quarter revival, only to be dashed as the week closed out. The West Australia/China rates nudging $9.00 by Tuesday having closed...