is reporting that Maersk and MSC will suspend their Asia to Pacific Northwest route TP1/Eagle from July amid overcapacity and declining rates on the transpacific and the ongoing threat posed by a Sino-US trade war.
deliver, at best, a 6% reduction in ship greenhouse gas emissions by 2050 compared to the replaced existing bunker fuel. To date Europe has spent half a billion US dollars on LNG infrastructure for refuelling ships, the
Xeneta Shipping Index (XSI) allows all parties to set rates at transparent prices that directly follow market fluctuations. After several years working closely with cargo buyers and sellers, the one thing that is a clear
pain point for many organizations is the inefficiency and opacity of contract negotiations, explained Xeneta CEO Patrik Berglund.
was looking to list on the Nasdaq Global Select Market, but now says it will evaluate the timing for the proposed offering as market conditions develop leaving the door open for the listing in the future. Formed in October
2016, GoodBulk has built up a fleet of 25 bulkers including 22 capesizes.
the peak. The biggest trend is the emergence of a price war between technology manufacturers, driven by the demands of capex-sensitive owners. The reality is that although the message from manufacturers and suppliers is all about
finding the right system, the incoming questions arent about applicability or maintenance requirements they are about price.
control of the miniature Rotortug RT Borkum, which was located in Rotterdam. Using a secure internet connection, video camera feeds and a duplicate bridge console, he piloted the tug from a distance of 600 miles away.
the canal at night, and two at a time can be on Gatun Lake, the man-made waterway at the canals north end. The changes will let two tankers move through the canal in different directions at the same time, officials said. The authority will also better identify
ghost bookings by companies that reserve slots in advance, then fail to show.
on board from many port states in 2017. PSC inspections ensure that vessels departing the port meet international standards and have proved to be highly effective in eliminating substandard ships that are in operation. They oversee
not only the hardware of a ship, but also the software by examining the maintenance and operation methods being used.
barrels last week, while refiners boosted oil processing rates and exports soared to a record, the Energy Information Administration said. Oil stored at the key pipeline hub in Cushing, Oklahoma, shrank for a sixth straight week.
it might bid for Inmarsat, confirming a report by Bloomberg News. The change of heart means that, under U.K. takeover rules, the Paris-based company now cant make an offer for six months except in certain circumstances, Eutelsat said Tuesday in a statement.
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