Dynacom linked to LR1 newbuilding orders in China
WEBJanuary 16, 2024. 0. 7055. George Procopiou-led Dynacom has reportedly placed an order to build six 75,000-dwt LR1 tanker vessels at New Times Shipbuilding. Moreover, it is reported that Dynacom has ordered two LR1 newbuildings at Yangzijiang Shipbuilding. The vessels are slated for delivery in 2026 and 2027, with the cost at USD 53 million each.
Trafigura announces management changes - Shipping Herald
WEBApr 8, 2024 · Trafigura, a market leader in global commodities, announces that at the March Board meeting, Executive Director Jose Maria Larocca notified the Board of his intention to retire from Trafigura at the end of September. Mr Larocca joined Trafigura in 1994 and was appointed to the Trafigura Management Board as Head of Oil and Petroleum Products in ...
Peru Port dispute escalates as COSCO insists on original terms
WEBMay 8, 2024 · The Chinese state-owned company at the center of a dispute over operations of a megaport it is building on Peru’s Pacific coast insisted on Tuesday on terms agreed with the government, as some local officials have sought to backtrack on the deal. Hong Kong-based Cosco Shipping Ports will defend its legal rights to provide services as the ...
Port of Los Angeles Completes Everport Container Terminal …
WEBApr 5, 2022 · 464. The Port of Los Angeles has completed construction of the $65 million Everport Terminal Improvement Project located at Berths 226-236 along the Los Angeles Main Channel. The project allows Everport to improve the container-handling efficiency and capacity of its existing terminal to accommodate the projected fleet mix of larger container ...
Shipping News Archives - Shipping Herald
WEBSep 13, 2024 · Baltic index falls as capesize rates decline. The Baltic Exchange’s main sea freight index tracking rates for ships carrying dry bulk commodities fell on Thursday, weighed down by losses in the... Read more. Cruise Lines International Association statement regarding tourism management measures in Greece. The cruise sector is a success story ...
Japan shipbuilding pins comeback hopes on zero-emissions vessels
WEBSep 27, 2021 · In Japan, Mitsui E&S Holdings is developing an engine that will be supplied to Imabari. LNG is currently the fuel of choice for fielding green ships. LNG emits 20 to 30% less carbon dioxide than fuel oil. But as the marine shipping market has slumped in the recent past, “Japanese shippers have stalled in deploying” LNG ships, said a source ...
Weaker demand for vessels drag Baltic index to one-year low
WEBJan 27, 2022 · The Baltic Exchange’s dry bulk sea freight index fell to its lowest level in a year on Wednesday, pressured by lower rates across all vessel segments. The overall index, which factors in rates for capesize, panamax and supramax vessels, slipped 47 points, or 3.5%, to 1,296, its lowest since mid-January …
SEACOR Sells Inland Barge Business to Ingram - Shipping Herald
WEBOctober 26, 2023. SEACOR announced it has signed a definitive agreement to sell Inland River Transport Holdings LLC (“SCF”) to Ingram, a division of Nashville-based Ingram Marine Group. “I am extremely pleased to enter this transaction with Ingram, one of the most respected river transportation providers,” said Eric Fabrikant, Chief ...
Baltic index extends gain on strong capesize rates
WEBDec 13, 2023 · The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, added 42 points, or 1.7%, at 2,551. The capesize index was up 194 points, or 4.4%, to 4,592. Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such as iron ore and coal, added $1,607 to …
Germany: Hamburg port workers on ‘warning strike’ over pay
WEBJul 11, 2024 · The union has called on workers in Hamburg to stage all-day walkouts on Tuesday and Wednesday ahead of a fourth round of negotiations. Negotiations for a new collective agreement for the 11,500 German North Sea port employees began in May. The strike in Hamburg started at 6:30 a.m. local time and was set to run for 48 hours.
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