The Baltic Exchanges main sea freight index posted its second-biggest jump ever on Thursday, as rates for all vessel segments rebounded from their multi-year lows, led by capesizes. The overall index, which factors in rates for capesize, pa

Bruno Garcia is the new CEO of HAUG Sauer Kompressoren Kiel/St. Gallen. Swiss manufacturer HAUG Sauer Kompressoren AG appointed Bruno Garcia as its new CEO. He will take over the sole management by the 1st of march 2023. Garcia has already

Simpson Spence Young (SSY), the worlds largest independent shipbroker, has today announced in a joint statement with Westshore Shipbrokers AS, that it has agreed terms to acquire the Norwegian shipbroker, with Westshore becoming part of Sim

RightShip data shows that in 2022, half of the incidents weve recorded occurred in ports and terminals. Where location data is available, 50% of incidents occurred within the port and terminal boundary, including at berth or using facilitie

On February 21, Cao Ziyu, Party Secretary and Chairman of Hebei Port Group visited Zhonggu Shipping Group. The two sides introduced the development of container and shipping in Hebei and the development of Zhonggu Shipping. Hebei Port Group

Investors have bet on hydrogen as a green, maritime fuel for years. Millions of euros in funding and thousands of work hours later, how far have we come? Is it time to replace the green incentive with a stick? This years Nor-Shipping Hydrog

Today, shipping companies should look at carbon strategies compulsory and voluntary as impactful legislation is fast approaching. That was the message from a joint Baltic Exchange-Institute of Chartered Shipbrokers webinar, where expert spe

Hong Kongs financial secretary Paul Chan delivers 2023 Budget Hong Kongs maritime sector has long bemoaned the territorys lack of a long-term strategy for its development. This years budget speech, delivered yesterday by financial secretary

An innovative non-flammable maritime battery technology that promises long life and will be incorporated in a new zero-emissions offshore support vessel has received New Technology Qualification (NTQ) from ABS. Called Blue G, the vanadium r

Cairo, February 21, 2023 Chevron New Ventures PTE. LTD. (Chevron) and the Egyptian Ministry of Petroleum and Mineral Resources (MOPMR) have signed a memorandum of understanding (MoU) to share best practices and expertise related to the redu

SINGAPORE 23 February 2023 Yangzijiang Shipbuilding (Holdings) Ltd. ( Yangzijiang , together with its subsidiaries, the Group ), a globally-leading shipbuilding group based in China, and a Straits Times IndexcomponentcompanylistedontheSGXMa

Here comes another top-10 list byContainer News. This time, we will see the largest container shipping companies in terms of owned carrying capacity. After checking the respective list of chartered carrying capacity , its time to take a loo

Following a competitive selection process, Professor Max Mejia has been selected by the Secretary-General of the International Maritime Organization, Chancellor of the university, to succeed Dr. Cleopatra Doumbia-Henry as the new President

Gard chief executive Rolf Thore Roppestad Eleven months on from the first public announcement of the impending merger of PI Clubs North, and Standard, the merged unit officially launched on 20 February. In the interim there was much specula

The Baltic Exchanges main sea freight index jumped to the highest in more than three weeks on Wednesday, as rates for all vessel segments rose, led by capesizes. The overall index, which factors in rates for capesize, panamax and supramax s