Guyana's First-Ever Oil Cargo Sets Sail for the U.S

A vessel carrying about 1 million barrels crude oil from Guyana set sail on Monday for the United States, according to vessel tracking service TankerTrackers.com, ushering the tiny South American nation into ranks of the world's oil exporters.The…

FTR’s Trucking Conditions Index reading remains in neutral

For November, the most recent month for which data is available, the TCI reading was -1.58, a mile backwards step from October’s -1.04 reading. October marked an improvement over September’s -2.94, the lowest reading since May 2019.

Spot market dry van and reefer rates finish 2019 on a high, reports DAT

DAT said there were some seasonable elements in the mix, with spot rates rising in December over each of the last five years, as December van and reefer rates each registered their highest levels going back to January 2020.

IMO's 2050 Decarbonization Target Has $1 Trillion Pricetag

At least $1 trillion of investment in new fuel technology is needed to enable the shipping industry to meet U.N. targets for cuts in carbon emissions by 2050, a study published on Monday showed.The global shipping fleet, which accounts for 2.2% of the world's CO2 emissions…

Croatia's DIV Buying Norway's Kleven Shipyard

Croatian DIV Group is set to buy Kleven Verft, a Norwegian shipbuilding company specializing in the construction of offshore and cruise vessels.DIV, which owns the Brodosplit shipyard in Split Croatia, has signed an agreement to buy the Norwegian company based in Ulsteinvik…

Baltic Index Hits Nine-Month Low

The Baltic Exchange's main sea freight index fell to its lowest level since April last year on Monday, dragged by falling rates across the capesize and panamax segments.The Baltic index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities…

Ingalls Shipbuilding to Fund STEM Projects

America’s largest military shipbuilding company Huntington Ingalls Industries (HII) Ingalls Shipbuilding division has awarded $99,592 in grants to 28 STEM-related initiatives from schools and educational organizations in Mississippi and Alabama.According to a press note…

IMO Reviews GMDSS Requirements

International Maritime Organization (IMO)'s Sub-Committee on Navigation, Communications and Search and Rescue (NCSR) said that it will continue its ongoing work to review GMDSS requirements, to enable the use of modern communication systems in the Global Maritime Distress and Safety System (GMDSS)…

Dee4 Adds Vessel, Appoints New Partner

The Danish private equity firm investing in shipping, Dee4 Capital, announced the takeover of its fourth vessel, to be renamed “Dee4 Dogwood”, which is a medium-range product tanker.She will be placed in the Hafnia pool, thereby introducing…

Oakland Container Volumes Down 1.8% in 2019

The container ship facility located in the San Francisco Bay, Port of Oakland 2019 container volume decreased 1.8 percent from 2018. The Port attributed the decline to fewer empty containers but said loaded import and export containers were…