The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, inched down on Friday, weighed down by lower rates for capesize and panamax vessels.* The overall index, which factors in rates for capesize…
Baltic Index Edges Down on Lower Capesize, Panamax Rates Read More »
Global satellite solutions and projects company, The AST Group, has recently opened new offices in Sydney, Rotterdam, Ecuador and Norwich, U.K. These new locations provide strategic bases for expansion in the maritime and land sectors and increase…
AST Expands on Three Continents Read More »
Following the abandoning of Drew Marine acquisition, Wilhelmsen ended the second quarter of 2018 in loss.
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Wilhelmsen Optimistic as Earnings Drop After Abandoned Drew Acquisition Read More »
German shipping company Hapag-Lloyd said it accelerated cost cuts in the first half of 2018 to offset higher operational costs from fuel costs, charter rates and a slow recovery in freight rates.”We have implemented additional measures to recover these…
Hapag-Lloyd Deepens Cost Cut Drive after H1 Loss Widens Read More »
The U.S. Navy’s 10th Expeditionary Fast Transport ship, Burlington, completed acceptance trials, August 3 after two days of underway evaluation in the Gulf of Mexico.The ship demonstrated the readiness of its equipment and systems for operations…
Burlington (EPF 10) Passes Acceptance Trials Read More »