DMC presents completely redesigned Optima nozzle at Europort 2023
ROTTERDAM : Rudder and steering systems specialist DMC launched the new and improved Optima nozzle at Europort 2023 in Rotterdam last Thursday. The original Optima was introduced in 1998 and quickly developed into the
Dry Bulk Market – Positive Momentum in all Classes : Baltic Exchange
LONDON : The week began with an encouraging start in the Pacific market, marked by positive sentiment and a notable increase in volume with several tenders and operator-controlled cargoes, leading to a market increase
Cyberattack keeps Australian Ports offline as containers pile up
SYDNEY : Australia is assessing the logistical impact of a cyberattack that has paralyzed some of its biggest ports since Friday and said interruptions will continue for several more days, a mass closure that
Soaring fees at Panama Canal have LNG Shippers taking long route
NEW YORK : Liquefied Natural Gas shippers increasingly are opting to travel up to two weeks longer and almost 6,000 nautical miles further to bypass the Panama Canal as transporters of other fuel pay nearly $4 million to jump
NYK boosts fleet with new LNG-powered PCTC
TOKYO : Japanese shipping company Nippon Yusen Kaisha has taken delivery of Sweet Pea Leader, the latest LNG-fueled pure car and truck carrier (PCTC), at Tadotsu Shipyard, part of Imabari Shipbuilding Group. Ordered from Nihon Shipyard,
GRSE earns Rs 1,654 crore revenue from operations in 1st half of FY 2023-24
KOLKATA : Defence PSU Garden Reach Shipbuilders and Engineers Limited (GRSE) on Friday said it earned a revenue of Rs 1,654 crore from operations in the first half of 2023-24 financial year, an increase
Oil tanker blast at Chennai Port kills one, injures three
CHENNAI : An explosion on board an oil product tanker docked along one of the berths at India’s Chennai Port killed a worker and injured three others on Tuesday morning (10 November), according to
DP World Australia shuts down ports in Australia over ‘cybersecurity incident’
SYDNEY : Ports operator DP World Australia has shut down its ports around the whole country as it works to contain a “cybersecurity incident”. The stevedore, which manages container terminals in Sydney, Melbourne, Brisbane