The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, touched a near 5-month high on Thursday, driven by stronger demand across vessel segments. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, rose 46 points to 1,296 points, …
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Thunderstorms directly above two of the world’s busiest shipping lanes are significantly more powerful than storms in areas of the ocean where ships don’t travel, according to new University of Washington research. A new study mapping lightning around the globe finds lightning strokes occur nearly twice as often directly above heavily-trafficked shipping …
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A fire aboard a tanker that was undergoing repairs at ASL Marine’s shipyard in Batam, Indonesia killed five people and injured one last Thursday, the shipbuilder has confirmed. The company said the fire occurred on 7 September 2017 on board a tanker a tanker that was being repaired at one of the …
Read More »An overview of Maritime Security Transit Corridor (including Internationally Recommended Transit Corridor). horn of africa Maritime Security Transit Corridor The Combined Maritime Forces (CMF) has established a Maritime Security Transit Corridor to protect merchant ships off the Horn of Africa in response to recent attacks against merchant shipping in the …
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Qatar inaugurated a new $7.4 billion port along its Gulf coast on Tuesday that officials said would become a regional transport hub and help shield its economy against sanctions enforced by neighbouring Arab states. The Hamad port, 40km south of Doha, is one of the largest such facilities in the …
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Mitsui O.S.K. Lines (MOL) has signed an agreement with Swan LNG Private Limited for the long-term operation of a floating, storage and regasification unit (FSRU) and floating and storage unit (FSU) in Gujarat, India. This will be India’s first newbuilding FSRU project. The units will serve as the core receiving …
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