Trade war drives first year-on-year drop in US imports from Asia in a decade

US imports from Asia saw a year-over-year decline in 2019 for the first time...

Coal Carrier Sunshine Pride Delivered

Today, Sunshine Pride, an NYK-operated coal carrier for Joban Joint Power Co. Ltd., was delivered by Japanese builder Tsuneishi Shipbuilding Co.

Norwegian OSV Player Enters Tanker Game

Standard Drilling, an offshore driller turned offshore support vessel owner, has now decided to make another shift in its game.The company, which in 2013 sold off its offshore drilling rigs, only to return as offshore vessel owner in 2016, on…

Baltic Index Slips to 9-Month Low

The Baltic Exchange's main sea freight index fell to its lowest level since early April last year on Tuesday, weighed down by weaker demand for vessels across all segments.The Baltic index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, fell 40 points, o

Rotterdam Port Explores Option of Geothermal

Research into the geothermal port of Rotterdam is entering the next phase, according to the Port of Rotterdam Authority.Shell Geothermal BV and the Port of Rotterdam Authority are jointly investigating the options for geothermal energy in the western part of the port of Rotterdam.

Oil, Gas Players Optimistic on Profits

Companies  in the oil and gas sector are optimistic about their ability to achieve their financial targets for 2020, according to a survey from standards agency DNV GL.While the sector’s growth hangs in the balance for 2020, oil and gas leaders are optimistic that they will weather the storm…

Brasco, APM Terminal Pact for Offshore Support

Brasco, a part of the Brazil's provider of integrated port and maritime logistics and supply chain solutions Wilson Sons Group company, has partnered with APM Terminals Pecém to set up a temporary logistics base at the Pecém Industrial and Port…

Vattenfall, TuuliWatti to Balance Finnish Wind

European energy company Vattenfall has signed a five-year energy services agreement with the largest Finnish wind power producer TuuliWatti that includes the latter’s total wind power production in Finland.The agreement, which started on 1 January…

Fincantieri Wins $111Mn ITER Contract

Italian shipbuilding company has been awarded an order worth almost 100 million euros (about 111 million U.S. dollars) to provide high-profile equipment as part of the International Thermonuclear Experimental Reactor (ITER) project to build…

GMT Invests in Argo Travel Group

Global Marine Travel, a Florida-based travel management company to the maritime industry, has partnered with the Greek travel firm Argo Travel Group to enhance its travel offering, particularly in terms of service delivery and driving growth in the Greek and international markets."In Argo…