LONDON : The updated version of SHIPMAN, BIMCO’s widely used ship management agreement, was adopted by the Documentary Committee at its meeting on 22 March in Hamburg after a two-year review process involving shipowners,
LONDON : The Baltic Exchange’s main dry bulk sea freight index on Wednesday fell for the seventh consecutive session to its lowest levels in more than a month, hurt by declining rates across all
TOKYO : ClassNK has granted its Innovation Endorsements for Products & Solutions*1 to two initiatives by Mitsui O.S.K. Lines, Ltd. (MOL), “FOCUS” and “Sustainable Seafaring, Wellness Living”. “FOCUS” is an operational data analysis software system
SINGAPORE : International® Marine Coatings has published a new whitepaper which reveals the high degree of accuracy of its predictive Intertrac® Vision tool to real life vessel operations by correlating to the speed loss of a
HONG KONG : In a proactive move towards energy efficiency and environmental sustainability, Pacific Basin, a leading dry bulk shipping company, has decided to apply a sustainable graphene-based propeller coating, XGIT-PROP, across its entire
WASHINGTON : US President Joe Biden hailed the prompt action of the 22-member Indian crew of the cargo ship that struck and demolished a key bridge in Baltimore for saving lives by alerting local authorities before
BALTIMORE : Logistics companies up and down the East Coast were urgently relaying messages back and forth to clients Tuesday on the status of their imports and exports after the Port of Baltimore was
NEW DELHI : Shares of Coal India traded in the red intraday after making some early gains on March 27. The movement in share price of the coal miner was seen hours after a large containership
SHANGHAI : COSCO SHIPPING announced the signing of two cooperation agreements earlier in March here. COSCO SHIPPING and CITIC Group, a large multinational conglomerate specializing in both financial and industrial development, inked a strategic
JURMALA : Bleste Sia introduces its new ‘Bleste Bucket’ bulk handling solution. The Bleste Bucket is a modern iteration of the traditional bulk grab container, however, this innovative yet simple product improves dry bulk handling