Tuesday, October 5, 2021
vlcc tanker
Shipping

Energy Trader Gunvor’s Employees Make How Much??

By Andy Hoffman (Bloomberg) — A rare disclosure by Gunvor Group Ltd. confirms what’s long been suspected — jobs at energy trading firms pay very well.  Gunvor had about 1,671 employees...

October 5, 2021
Total Views: 4530

Monday, October 4, 2021
Port of Savannah Garden City Terminal
Shipping

US East Coast Ports Backed Up as Congestion Spreads

By Ian Putzger in Toronto (The Loadstar) – Persistent and mounting congestion at US west coast ports has caused some shippers to seek the sanctuary of the east coast to speed cargo...

October 4, 2021
Total Views: 3418

containership
Shipping

Seaspan Takes Delivery of First of 70 Newbuild Containerships

Containership leasing company Seaspan Corporation has announced the delivery of its first newbuild containership as part of its massive 70-ship-strong orderbook. The new vessel, a one 12,200 TEU containership, is...

October 4, 2021
Total Views: 2334

lng carrier panama canal
Shipping

Investment Firm to Acquire Teekay LNG in $6.2 Billion Deal

Teekay LNG Partners (NYSE:TGP), the LNG shipping arm of Teekay Corporation (NYSE: TK), has announced an agreement to to be acquired by investment firm Stonepeak in a deal valued at...

October 4, 2021
Total Views: 985

Sunday, October 3, 2021
Shipping

US Merchant Marine Academy Faces Serious Sexual Assault Allegation During Cadet’s Sea Year

The U.S. Department of Transportation and Maritime Administration are taking a serious look into an anonymous online report by a U.S. Merchant Marine Academy (USMMA) cadet who claims she was...

October 3, 2021
Total Views: 9233

Shipping

Everything We Know About the Southern California Oil Spill Right Now

A unified command consisting of Beta Offshore Amplify Energy, the U.S. Coast Guard, and California Department of Fish and Wildlife’s Office of Spill Prevention and Response (CDFW-OSPR) is responding to...

October 3, 2021
Total Views: 5613

port of charleston
Finance

Despite Persistent Shipping Challenges U.S. Factory Growth Advances to Four-Month High

By Reade Pickert (Bloomberg) –A measure of U.S. manufacturing expanded in September at the fastest pace in four months, bolstered by robust demand for factory goods and burgeoning inventory. The Institute...

October 3, 2021
Total Views: 992

Friday, October 1, 2021
Shipping

Greek Shipping Companies and Chief Engineer Charged with Concealing Deliberate Pollution from Bulk Carrier

The Greek owner and operator and a Chief Engineer were indicted in U.S. Federal Court in New Orleans Thursday for violations of environmental and safety laws related to the MV...

October 1, 2021
Total Views: 3256

container terminal at port
Shipping

Port Operator DP World Sees Lasting Supply Chain Disruptions: ‘Maybe in 2023’

By Adveith Nair and Manus Cranny (Bloomberg) — Dubai’s DP World, one of the biggest global port operators, expects supply chain bottlenecks that have rattled global trade flows to continue at...

October 1, 2021
Total Views: 1818

Thursday, September 30, 2021
Shipping

Baltic Dry Index Logs Over 50% Quarterly Gain on Capesize Surge

By Ashitha Shivaprasad Sept 30 (Reuters) – The Baltic Exchange’s main sea freight index eased on Thursday, but still gained about 53% for the quarter on the back of robust...

September 30, 2021
Total Views: 868

seafarer on deck
Shipping

It’s Time to Stop Taking Shipping and Seafarers for Granted

Today, and every September 30th, is World Maritime Day, a United Nation’s day of observance to recognize the maritime industry’s contribution to the global economy. You probably don’t care, but...

September 30, 2021
Total Views: 2581

brussels express lng ship converstion
Shipping

Hapag-Lloyd CEO Says Shipping Still in the Thick of Supply Chain Disruptions

FRANKFURT, Sept 30 (Reuters) – Global container shipping problems related to post-COVID 19 logistics problems have intensified in the third quarter and show no sign of letting up, the world’s number five...

September 30, 2021
Total Views: 1056

Wednesday, September 29, 2021
seafarers
Shipping

Trade Groups Urge UN to End Humanitarian Crisis for Supply Chain Workers

A group of some of the world’s top trade organizations representing transport workers from across maritime, aviation and trucking are calling on the world’s heads of government to end a...

September 29, 2021
Total Views: 925

containerships anchored off port of los angeles
Shipping

Central Bankers Chime In on Supply Chain: Problems Getting Worse, Not Better

By Balazs Koranyi and Francesco Canepa FRANKFURT, Sept 29 (Reuters) – Supply constraints thwarting global economic growth could still get worse, keeping inflation elevated longer, even if the current spike...

September 29, 2021
Total Views: 1749

bulk carrier underway
Shipping

Baltic Dry Index Cracks 5,000 Points for First Time Since 2007-2008 Super Cycle

The Baltic Dry Index set its all-time record of over 11,000 points during the 2007-2008 commodities super cycle. Could we be headed for super cycle 2.0? Sept 29 (Reuters) –...

September 29, 2021
Total Views: 1102

ship loading coal
Shipping

China Power Crisis to Kick Off Global Race for Coal

By Bloomberg News (Bloomberg) — China’s power crisis looks set to spur it to import more coal from a wider range of producers, putting it into competition with European and Indian...

September 29, 2021
Total Views: 3047

Tuesday, September 28, 2021
hapag-lloyd ship
Ports

Hapag-Lloyd Invests in Container and Rail Terminals at JadeWeserPort Wilhelmshaven

German liner company Hapag-Lloyd is investing in JadeWeserPort Wilhelmshaven, Germany’s largest harbor project and only deep-water container port. Hapag-Lloyd will acquire a 30% stake in Container Terminal Wilhelmshaven (CTW) and...

September 28, 2021
Total Views: 1061

bulk ship
Shipping

Baltic Index Rally Surges to 13-Year Peak. Could BDI 5,000 Be Next?

Sept 28 (Reuters) – The Baltic Exchange’s main dry bulk sea freight index extended its rally on Tuesday, rising about 5% to its highest in 13 years, steered by strong...

September 28, 2021
Total Views: 808

costco checkout
Shipping

Costco Charters Smaller Containerships to Combat Ocean Supply Chain Issues

Costco has chartered three container ships and leased thousands of containers as the membership-based wholesale retailer looks to secure the delivery of products from Asia amid port congestion and container...

September 28, 2021
Total Views: 2880

Shipping

Maersk to Divest Reefer Container Business for Nearly $1 Billion

China International Marine Containers has struck a deal with A.P. Moller – Maersk to acquire Maersk Container Industry, a leading manufacturer of refrigerated containers, for almost $1 billion. The deal...

September 28, 2021
Total Views: 2318