The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, suffered on Thursday its biggest percentage fall in March since 2009 on weaker demand for capesize vessels. The overall index, which factors in rates …
Baltic Index Records Worst March Since 2009 Read More »
The U.S. Coast Guard has raised the decades-old monetary threshold for reporting marine casualties in order to keep pace with inflation and reduce reporting of minor incidents. The final rule changes, which were published March 19 and take effect April…
Coast Guard Raises Marine Casualty Reporting Threshold Read More »
Shipbuilder Hanjin Heavy Industries announced it will construct two 80,000 m3 very large gas carriers (VLGC) at its Philippines facilities for Belgian integrated gas shipping company EXMAR. Upon construction, the carriers will be chartered by Statoil.
First LPG-powered Dual-fuel VLGCs Ordered Read More »
China’s Defence Ministry said on Thursday the military was carrying out routine training in the South China Sea, but would not comment on the presence of China’s sole operational aircraft carrier there. Dozens of Chinese naval vessels are exercising…
China: South China Sea Drills ‘Routine’ Read More »
A new icebreaking liquefied natural gas (LNG) carrier jointly owned by Mitsui O.S.K. Lines, Ltd. (MOL) and China COSCO Shipping Corporation Limited (China COSCO Shipping) loaded its first cargo at the Yamal LNG plant in northern Russia. The 299m…
New Icebreaking LNG Carrier Enters Service Read More »