News


Ships Queue as Truck Strike Slows Argentina Grain Exports

Some 93 cargo ships were waiting to load soy and corn from Argentina's main exporting hub of Rosario on Friday, more than a week into a truck owners strike, the spokesman for an industry group said.   That was up from just over 60 on Thursday,

New Program Improves Used-vehicle Export Process

A pilot Vehicle Validation Export Process Program that kicked off in Florida  earlier this month allows shippers to submit original vehicle export documentation electronically instead of delivering physical copies to a local customs trade office.

Capesize Rally Boosts Baltic Index by Nearly 2%

The Baltic Exchange's main sea freight index on Friday marked its best day in over two weeks, led by stronger demand for capesize vessels.   The overall index, which factors in rates for capesize,

NY/NJ Cross Harbor Freight Program Enters Second Review Phase

The Port Authority of New York & New Jersey  awarded a $23.7 million agreement to Cross Harbor Partners, a joint venture of STV Incorporated/AKRF Inc., to undertake the Tier II Environmental Impact Statement for the Cross Harbor Freight Program at the port.

Police Investigate 2016 Hydrogen Leak at Statoil Refinery

Norwegian police have launched an investigation into a hydrogen gas leak at Statoil's Mongstad refinery in October 2016, the company said on Friday. Statoil temporarily shut and evacuated its main refinery on Norway's west coast when a rusted pipe socket ruptured.

Samsung Heavy Industries Bags USD 91.47mln Newbuild Order

 Samsung Heavy Industries (SHI) swept 1 trillion KRW (USD 91.47mln) worth orders, including an order from an Asian owner to build eight 12,000TEU containerships for around 820 billion KRW.   The neo-panamax vessels are 334m in length and 48.

IMO Signs Partnership Deal with European Bank

 The International Maritime Organization (IMO) announced that it has signed a new partnership agreement with the European Bank for Reconstruction and Development (EBRD) in an effort to help promote sustainable shipping.

Guy Platten New Secretary-General of ICS

The Board of the International Chamber of Shipping (ICS) announced the appointment of Guy Platten to the role of Secretary General, after almost five years in the UK Chamber of Shipping.   "Following an extensive and rigorous selection procedure,

DryShips to Spin Off of Its Gas Carrier Business

 DryShips, a diversified owner of ocean going cargo vessels, announced that its wholly owned subsidiary, Gas Ships Limited has filed a registration statement on Form F-1 with the U.S. Securities & Exchange Commission, to spin off of its gas carrier business from the Company.

Qatar Accedes to BWM Convention

 ​Sixty-eight countries have now signed up to International Maritime Organization (IMO)'s Ballast Water Management Convention, with Qatar being the latest to accede to the treaty helping to protect the marine environment.

Meidel Joins Crowley Fuels in Alaska

Rick Meidel has joined Crowley Fuels as vice president and general manager, responsible for the performance and day-to-day operations of Crowley’s Alaska division. Meidel previously spent 32 years with ExxonMobil in downstream lubricants,

West Calcasieu Port Awards Dredging Contract

The West Calcasieu Port Board of Commissioners voted this week to award the contract for the dredging of the Louisiana port's west barge basin to Coastal Dredging Company, Inc. of Hammond, La..    The successful base bid of $1,