Shipping Industry News

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Maersk warns trade tensions are hurting shipping growth

, May 24, 2019, 0

A.P. Moller-Maersk, the world’s largest container shipping company, warned on Friday that trade tensions and an economic slowdown are...

The hype and reality of hydrogen as a power source

, May 24, 2019, 0

The car show Top Gear was notorious for its disdain of environmentally friendly cars, so viewers were stunned in...

More Vessels Improve EuroDry’s First Quarter Results

, May 24, 2019, 0

EuroDry Ltd., an owner and operator of drybulk vessels and provider of seaborne transportation for drybulk cargoes, announced its...

Drewry: World Container Index Down by 3.9%

, May 24, 2019, 0

The composite index decreased 3.9% this week likewise, 3.1% down as compared with same period of 2018. The average...

MISC 1Q net profit jumps 64% On Improved Freight Rate Market

, May 24, 2019, 0

MISC is pleased to announce its financial results for the financial period ended 31 March 2019. Financial Highlights: –...

Ship Solar Power System Installed on Large General Cargo Ship MV Panamana

, May 24, 2019, 0

Eco Marine Power (EMP) is pleased to announce its Aquarius MAS + Solar solution has been installed on the...

China’s port controls for Australian thermal coal remain open-ended: market sources

, May 24, 2019, 0

Import restrictions are continuing to hold up shipments of Australian thermal coal at Chinese ports and a solution to...

The Paris MoU holds 52nd Committee Meeting in St. Petersburg

, May 24, 2019, 0

The Paris Memorandum of Understanding on Port State Control (Paris MoU) held its 52nd Committee meeting in St. Petersburg,...

S&P Global Platts to Launch Marine Fuel 0.5% Bunker Price Assessments Beginning July

, May 24, 2019, 0

S&P Global Platts, the leading independent provider of information and benchmark prices for the commodities and energy markets, announced...

Teekay Offshore Partners Secures $450 Million Shuttle Tanker Fleet Refinancing

, May 24, 2019, 0

Teekay Offshore Partners L.P. (Teekay Offshore or the Partnership) (NYSE:TOO) announced that in accordance with previously noted financing plans,...

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WEEK SUMMARY TITLES

Maersk warns trade tensions are hurting shipping growth

, May 24, 2019, 0

A.P. Moller-Maersk, the world’s largest container shipping company, warned on Friday that trade tensions and an economic slowdown are slowing growth in global freight. Maersk, which is seen as an indicator of global trade patterns, cut its forecast for global growth in container traffic this year due to the...

The hype and reality of hydrogen as a power source

, May 24, 2019, 0

The car show Top Gear was notorious for its disdain of environmentally friendly cars, so viewers were stunned in 2008 when the hosts confidently predicted that hydrogen fuel cells would power the cars of the future. But today these cars remain rare. What went wrong? “Going to hydrogen fuel...

More Vessels Improve EuroDry’s First Quarter Results

, May 24, 2019, 0

EuroDry Ltd., an owner and operator of drybulk vessels and provider of seaborne transportation for drybulk cargoes, announced its results for the three-month period ended March 31, 2019. Euroseas Ltd. (“Euroseas” or “Former Parent Company”) contributed to the Company seven subsidiaries comprising its drybulk fleet of six vessels, one...

Drewry: World Container Index Down by 3.9%

, May 24, 2019, 0

The composite index decreased 3.9% this week likewise, 3.1% down as compared with same period of 2018. The average composite index of the WCI, assessed by Drewry for year-to-date, is US $1494/40ft container, which is $27 higher than the five-year average of $1467/40ft container. Drewry’s composite World Container Index...

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