The German Government is funding the installation of a Rotor Sail on Baltrader’s new cement carrier CemCommander this summer. The project attracted funding from the German Federal Government’s Directive “Sustainable Modernization of Coastal Vessels”...
The southern Chinese port city of Shenzhen is offering subsidies to LNG operators to boost its development as an LNG trading hub city. According to the notice from Shenzhen Development and Reform Commission, Shenzhen is going to actively explore new LNG trading...
A 58,800 dwt Supramax bulker was fired on by Houthis as it transited the Gulf of Aden, some 85 nautical miles southeast of Aden, causing minor damage to the vessel, but there were no crew casualties or injuries according to the latest reports. Lycavitos operated by...
With the continued, and worsening threat to shipping while transiting the region from Houthi rebels in Yemen, the IBF Warlike Operations Area Committee (WOAC) has agreed to expand the High Risk Area to include the Gulf of Aden and surrounding waters. Stephen...
The Deputy Administrator for the Panama Canal Authority (ACP), Ilya Espino de Marotta, says the waterway does not expect changes to current vessel transit restrictions until at least April. The ACP will assess water levels after the dry season before making any...
US shippers are diverting east coast cargo, already shifted from the Panama Canal to via Suez, to west coast ports, boosting southern California port volumes and raising box leasing prices through the roof. Online box leasing and trading company Container xChange...
