News


Baltic Index at 5-1/2-year High on Iron Ore Demand

The Baltic Exchange's main sea freight index rose on Thursday to its highest since December 2013, driven by demand for vessels shipping iron ore in the Atlantic, pushing capesize and panamax indices to multi-year highs.

Mnuchin: US, Chinese Call Could Produce 'in-person' Talks

U.S. and Chinese officials will hold a telephone call later on Thursday that could pave the way for further in-person trade talks, U.S. Treasury Secretary Steven Mnuchin told CNBC.Mnuchin, speaking from the G7 meeting in Chantilly, France, said he and U.

Singapore Fuel Stocks at Eight-month Low Ahead of IMO 2020 Deadline

Oil product inventories in the Singapore storage and trading hub fell to an eight-month low in the week ended July 17, official data showed, in one of the latest signs that suppliers are gearing up for rule changes to make marine fuel cleaner.

Revolutionary Guards Seize Oil Tanker in Gulf

Iran has seized a foreign tanker smuggling fuel in the Gulf, state television quoted Iran's Revolutionary Guards as saying on Thursday."A foreign vessel smuggling one million litres of fuel in the Larak Island of the Persian Gulf has been seized,

US to Work "aggressively" for Free Gulf Passage

U.S. Central Command chief General Kenneth McKenzie said on Thursday it was talking to other countries about freedom of navigation in the Gulf and would work "aggressively" to find a solution to enable free passage.

Two Container Giants Visits Austalian Port

Two of the largest-capacity container ships to ever visit Australia are making calls to the Fremantle Inner Harbour this month.The first one, Maersk Skarstind, has already arrived in Fremantle. Maersk Skarstind berthed around 9.

SC Ports Reports Record Cargo Volumes

The South Carolina Ports Authority (SCPA) reported another successful year, handling record cargo volumes, rail moves and inland port activity in fiscal year 2019.SPCA, which owns and operates public seaport facilities in Charleston and Georgetown,

Pilbara Ports Annual Throughput Down

Australia's Pilbara Ports Authority has delivered a total annual throughput of 697.2 million tonnes (Mt) for the 2018/19 financial year. This result is a less than 1% change (decrease of 2.06 million tonnes) from last year’s record annual throughput.

RoPax Ferry Finbo Cargo Enters Muuga Port

The Estonian terminal operator HHLA TK Estonia is strengthening its position as a RoRo hub in the Baltic region.The wholly owned subsidiary of Hamburger Hafen und Logistik AG (HHLA) said in a press release that the Finnish ferry company Eckerö Line recently began connecting the port of Muuga,

Diana Shipping Fixes Selina with Ausca

Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Ausca Shipping Limited, Hong Kong, for one of its Panamax dry bulk vessels, the m/v Selina.

AIWA's 20th Anniversary Annual Meeting

AIWA's Executive Director Brad Pickel, reaches out to stakeholders in advance of the Atlantic Intracoastal Waterway Association's annual meeting:Dear Supporters and Friends of the Atlantic Intracoastal Waterway Association,Greetings and I hope this email finds everyone well.

Fumigation Doesn't Work for Some Ship Cargoes

The fumigation of grain cargoes using certain pesticides, namely plant protection products, may not be effective in controlling insect larvae, resulting in cargo damage or loss.Javier Quintero Saavedra,