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Concordia Maritime Charters Three Suezmax with Stena Bulk

Photo: Concordia Maritime

 As a further step in fleet positioning ahead of the gradually stronger market that is expected, Concordia Maritime has decided to participate in three suezmax tankers chartered in by Stena Bulk.   The 158,000 dwt vessels were built in Korea in the period 2012-2014. The contracts are for 12 months, with an option to extend until the end of 2019.

AET Secures DP2 Shuttle Tankers with Petrobras

Photo:  AET Tankers Pte Ltd

 Petroleum tanker owner and operator AET announced the extension of partnership in the DP2 shuttle tanker sector with Petróleo Brasileiro S.A.(Petrobras), the Brazilian multinational petroleum corporation.   "Recently we were awarded a contract to own and operate four specialist DP2 Suezmax Shuttle Tankers on long-term charter by Petrobras.

Olefin Trade Not Helping LPG Shipowners: Drewry

Graph: Drewry

 The freight market for S/R (Handysize) vessels will remain under pressure throughout 2018 on account of strong fleet growth and weak olefin trade, according to the latest edition of the LPG Forecaster published by global shipping consultancy Drewry.   The market has been under pressure since 2017, but olefin trade growth has averaged 3.

IMO Okays U.S.-Russian Bering Strait Routing Plan

Image: PACIFIC ENVIRONMENT

The International Maritime Organization approved the Bering Strait and Bering Sea ship routing measures proposed by the United States and Russian Federation.   Taking effect Dec. 1, 2018, the six two-way routes and six precautionary areas are the first internationally recognized ship routing measures the IMO has approved for polar waters.

CMA CGM Sets Surcharge to Offset Fuel Price Surge

Photo: CMA CGM

French shipping group CMA CGM said on Friday it would introduce an exceptional surcharge after its first quarter earnings were hit by a sharp rise in bunker fuel prices.The move comes after Maersk Line, the world's largest container shipping company, announced a similar "emergency bunker surcharge" earlier on Friday.

FreightWeek STL Focuses on State of the Barge Industry

Image: Credit AWO

The state of the barge industry was among the first educational sessions offered to attendees of FreightWeek STL, a four-day conference hosted by Inland Marine Expo (IMX), Institute for Trade and Transportation Studies (ITTS) and St. Louis Regional Freightway.  Representatives of Informa Economics IEG,

Baltic Index Marks Second Straight Weekly Decline

File Image (CREDIT: AdobeStock / © Lidian Neeleman)

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Friday to mark a second straight weekly decline, as rates across vessel segments fell.   The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was down 32 points, or 2.

ZIM Posts 14.7% Increase in Revenue in Q1

Photo: ZIM Integrated Shipping Services Ltd.

 The container shipping industry is dynamic and volatile and has been marked in recent years by instability, due to ongoing changes in market conditions. Since the second half of 2016 and through the third quarter of 2017, increases were recorded in freight rates as well as in bunker prices.    Commencing

Meet the Digital, Zero Emission Cargo Solution

Photo: Kalmar

Kalmar, part of Cargotec, and Yara entered into an agreement in which Kalmar will deliver fully autonomous equipment, software and services for a unique, fully digitalized container handling solution at Yara's Porsgrunn facility in Norway. This means that all the necessary operations related to the

Maersk Line Rolls out Exclusive Transatlantic Service

Photo: Maersk Line

 Maersk Line, the world's largest shipping company, announced the expansion of its product portfolio between Europe's Mediterranean region and Canada to cater for the growing demands of importers and exporters on both sides of the Atlantic.   The exclusive, fully Maersk Line-operated weekly service

Kalmar Organizes Idea Creation Challenge

Photo: Kalmar

 Kalmar, part of Cargotec, will organise a idea creation challenge, Kalmar Co-Create, during TOC Europe that will take place in Rotterdam, The Netherlands.    The two-day event organised on 12-13 June 2018 aims to discover disruptive ideas to specific customer challenges in container handling industry through co-creation with terminal operators,

K Line Adds 'Corona' Series Coal Carrier "Corona Xanadu"

Image: Kawasaki Kisen Kaisha

 Kawasaki Kisen Kaisha (“K” Line) is proud to announce the delivery of “Corona Xanadu,” an 88,000 DWT-type special coal carrier at Shin Kasado Dockyard of Imabari Shipbuilding Group Japan on May 23, 2018.    Corona Xanadu is same type as “K” Line’s specialized fleet for transport of thermal coal known as the “Corona-series”.

St. Louis: the heartland’s intermodal hub hosts two industry events

On the IMX tradeshow floor: Scania USA Sales Manager (Marine) Al Alcala and MarineNews Editor Joseph Keefe this week got together to discuss current trends in propulsion.

The 5th annual inland IMX show coincides with the first ever FreightWeek STL. For transport professionals, supply chain stakeholders and inland operators alike, there was something for everyone.   St. Louis, MO: This week’s IMX inland marine industry tradeshow may have been the primary focus for inland stakeholders,

Shipbuilding: Weldon Named VP at HII Ingalls

Scott Weldon. Photo: HII

Scott Weldon was promoted to vice president of supply chain management at HII’s Ingalls Shipbuilding division. In this role, Weldon will provide leadership to all Ingalls supply chain management functions, including sourcing, procurement, inventory control and material warehousing. He succeeds Lori Harper, who will retire on Aug.

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