Logistics

Photo: CMA CGM

Global Ship Lease Extends TC with CMA CGM

 Global Ship Lease, a containership charter owner, announced that it has agreed to an extension of its charter with CMA CGM for the GSL Tianjin, a 2005-built, 8,063 TEU containership.    The vessel

Photo: Diana Shipping Inc.

Diana Shipping Enters into TC Contract with Uniper

 Diana Shipping has announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Uniper Global Commodities SE, Düsseldorf, for one of its Post-Panamax dry bulk vessels, the m/v Phaidra.

Photo: Nordic American Tankers

Nordic American Tankers Signs TC with Cepsa

 Nordic American Tankers has announced that it entered into an one-year term charter with the major Spanish oil company Cepsa for a ship.   The company says  is the 2004 built Nordic Castor is expected

(Photo: Cloud Peak Energy)

US Coal Exports Bound for Japan's New Power Plants

U.S. miner Cloud Peak Energy said on Tuesday it will export coal from a Montana mine for 30 to 40 months to two new power plants in Japan with shipments that could start late next year.   The coal from

© NS Photography / Adobe Stock

Capesize Rates Pull Baltic Index to 4-month Low

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, hit a more than four-month low on Tuesday, as capesize rates dropped to their lowest since August last year.

(Photo: A.P. Moller-Maersk)

Maersk, IBM to Launch Blockchain Joint Venture

The world’s largest container shipping firm A.P. Moller-Maersk is teaming up with IBM to create an industry-wide trading platform it says can speed up trade and save billions of dollars.   The global

Photo: Peter Gramstrup / Norden

Norden Boosts Earnings Expectations

 Danish shipping firm Dampskibsselskabet Norden A/S said its unaudited and preliminary results indicate an adjusted result for 2017 in the range of $20 million to $35 million, up from previous expectations of -$10 to $30 million.

Photo: Kees Torn, Port of Rotterdam

Port of Rotterdam: 2017 in Review

Over the past year, 29,646 seagoing vessels entered the port of Rotterdam, up more than 600 from 2016's 29,022.    The number of incidents in the port fell from 159 to 129, and included one ‘serious

© Ilker Canikligil / Adobe Stock

Turkey Reveals Route for New Canal to Ease Bosphorus Shipping

Turkey announced on Monday the route for a planned canal that would reduce shipping traffic on the busy Bosphorus Strait and transform the European half of Istanbul into an island. Work on the 45-km (28-mile) Kanal Istanbul,

Photo: TGP

Trans Global Projects Celebrates 30 Years

International logistics solutions provider Trans Global Projects Ltd (TGP) celebrates its 30th anniversary in 2018. TGP was founded on January 4, 1988 by Julian Clarke, Nick Harsant and Colin Charnock, who is the Group’s managing director.

Photo: Port of Kiel

Port of Kiel Posts Record Results

In 2017 Kiel again posted record handling while also passing the seven million ton mark for the first time. Overall, 7,407,376 tons were loaded or unloaded. That represents an increase of 14.3 percent