GP Global adds five traders
Bunker and tanker group poaches Glencore and KPI staff for expansion.
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Maritime News
Baltic Index Slumps On Weaker Vessel Rates
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Tuesday to eight-month lows as rates dropped across vessel segments. The overall index, which factors in rates for capesize, panamax and supra…
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Report: COSCO’s OOCL Acquisition to Be Finalized by the End of June
The proposed takeover of OOCL by COSCO Shipping is expected to be completed by June 30.
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Handover underway for Kea Trader salvage operations
The 2,194 teu, Malta flagged vessel, owned by Lomar Shipping, ran aground on the Durand Reef, off New Caledonia, last…
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Indonesia to Postpone New Coal, Palm Oil Shipping Rules to 2020
Indonesia will postpone until 2020 trade rules requiring exporters of coal and crude palm oil to use only Indonesian-flagged vessels, Industry Minister Airlangga Hartarto said, among efforts to increase foreign exchange reserves. The rules,…
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