The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, gained on Thursday on higher rates for larger vessel segments. The overall index, which factors in rates for capesize, panamax and supramax shipping v…
Baltic Index Rises on Firmer Large Vessel Rates Read More »
A 50/50 joint venture (JV) between Maersk Drilling and Maersk Supply Service will provide decommissioning services to oil and gas operators. After decades of production, an increasing amount of offshore oil and gas fields are approaching the end of the…
Maersk Establishes Decomissioning Company Read More »
At the Sea Japan exhibition in Tokyo, Toyohisa Nakano, (right) Executive Officer, K Line, accepts a “Great Ship of 2017” award from Maritime Reporter & Engineering News Editor and Associate Publisher Greg Trauthwein. Maritime Reporter & Engineering…
K Line Accepts Great Ships of 2017 Award Read More »
National Shipping Company of Saudi Arabia (Bahri) has taken delivery of Khurais, a very large crude carrier (VLCC), from Korean Hyundai Samho Heavy Industries (HSHI). Industry leader adds fourth VLCC this year, bringing its total number of vessels to 9…
Bahri Adds New VLCC Khurais Read More »
King Abdullah Port landed the eighth spot among the world’s fastest growing ports for 2017, according to Alphaliner, the global leader in analyzing maritime transport data, port capabilities and the future of vessels and shipping route development.
King Abdullah Port 8th Fastest Growing Port in the World Read More »