News


The Baltic Index Fell 10% This Week

The Baltic Exchange's main sea freight index, ended the week over 10 percent lower on Friday, as rates fell across all vessel segments, pushing the index to near 6-month lows.   The overall index,

New Shell Plant Highlights Strength of Rotterdam’s Breakbulk Cluster

Shell has an ambitious investment agenda for its refinery in Pernis. The construction of a new Solvent Deasphalter (SDA) will enable the plant to separate heavier fractions from crude oil, so that a larger share of the petroleum can be processed into lighter, high-grade products.

Descartes Acquires Aljex

Descartes Systems Group, specialist in logistics software, supply chain management software, and cloud-based services for logistics businesses, announced it has acquired Aljex Software, Inc., a cloud-based

Washington State, DNV GL Partner on Maritime Sector Growth

DNV GL will support Washington State as it advances its strategy for the sustainable development of the state’s $38 billion maritime industry.   In December 2017, Washington State Governor Jay Inslee’s

Bahri Adds VLCC 'Lawhah' to its Fleet

 The National Shipping Company of Saudi Arabia (Bahri) received a very large crude carrier (VLCC) named “Lawhah” on Thursday, the company said.   "Continuing its strong start to 2018, Bahri accepted the delivery of ‘Lawhah to further cement its market-dominant position in crude oil transportation,

Port of Gothenburg to Start LNG Facility

 The Port of Gothenburg has launched the construction of a liquefied natural gas (LNG) facility in an effort to open up new opportunities for LNG-fuelled ships.   "Construction of a liquefied natural gas (LNG) facility is now under way at the Port of Gothenburg.

Hyundai Samho Heavy Bags USD 200mln Order for LNG Carrier

 South Korean shipbuilder Hyundai Samho Heavy Industries (HSHI) has won a $ 200 million contract for the construction of a 174,000-cubic-meter LNG vessel for NYK Line, said a report in Yonhap.   HSHI  is set to deliver a carrier that can hold 174,

Dorian LPG Sells, Leaseback Concorde

 The Stamford, Connecticut-based Dorian LPG  has reached a sale and bareboat charter arrangement for its 84,000 cbm carrier Concorde.    The liquified petroleum gas shipping company entered into the USD 70 million deal that closed on January 31,

Chemical Tankers Face Challenging Year: Stolt-Nielsen

 Chemical tankers are sailing into another challenging year, according to the London based chemical carrier, tank container and terminals group Stolt-Nielsen's Chief Executive Officer, Niels G. Stolt-Nielsen.

Hyundai Merchant Marine, GS Caltex Ink Crude Oil Deal

 South Korean shipping company Hyundai Merchant Marine (HMM) has signed a long-term crude oil shipping contract with compatriot oil refiner GS Caltex.   A press release from HMM said that the KRW190

Diana Containerships Announces Continuation of Time Charter Contract

Diana Containerships Inc. announced that, through a separate wholly-owned subsidiary, it has agreed to extend the present time charter contract with Hapag-Lloyd AG, Hamburg, for one of its Panamax container vessels, Sagitta.

Oil Shipments From Georgia's Batumi Port Down 34%

Oil and related shipments from Georgia's Black Sea port of Batumi in January were down 34 percent from a year earlier, an official at the terminal, operated by Kazakh KazMunaiGas , said on Thursday. The official gave no reason for the fall,