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March 29, 2024

BIMCO adopts SHIPMAN 2024

International Shipping, Maritime, Trending News
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,
March 29, 2024

Baltic index slides for seventh straight sessions

International Shipping, Maritime, Shipping, Shipping Line, Trade, Trending News
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
March 29, 2024

ClassNK grants Innovation Endorsements for Products & Solutions to two innovative initiatives by MOL

International Shipping, Maritime, Shipping Line, Trending News
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
March 29, 2024

International® Marine Coatings reveals Whitepaper for VLCC Vessels

International Shipping, Maritime, Shipping Line, Trending News
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
March 29, 2024

Pacific Basin leads the largest adoption of graphene-based coating in the dry bulk segment

International Shipping, Dry Bulk Shipping, Shipping Line, Technology, Trending News
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
March 28, 2024

Biden praises prompt action of Indian crew of ship which hit Baltimore bridge

International Shipping, Foreign Ports, Logistics, Maritime, Shipping Line, Trade, Trending News
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
March 28, 2024

Logistics companies scramble after bridge collapse closes Port of Baltimore until further notice

Foreign Ports, Export - Import, Global Trade, International Shipping, Logistics, Maritime, Shipping Line, Trade, Trending News
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
March 28, 2024

Coal India trades in red hours after Baltimore bridge collapse shuts major coal shipping port

Export - Import, Business, Global Trade, International Shipping, Logistics, Trade, Trending News
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
March 28, 2024

COSCO SHIPPING announces the signing of two strategic cooperation deals

International Shipping, Logistics, Shipping Line, Trending News
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
March 28, 2024

Latvian port equipment manufacturer Bleste introduces new bulk handling ‘bucket’

Break Bulk Cargo, Foreign Ports, International Shipping, Logistics, Trending News
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
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