Baltic Dry Index jumps 5% on higher rates for bigger vessels

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, extended…

India offers N2.25tr concessional credit to Nigeria, 53 others

The Prime Minister of India, Narendra Modi, yesterday said it would give N2.25trillion ($10billion) concessional lines…

S. Korean Supreme Court upholds prison sentence for Sewol ferry operator boss

The South Korean Supreme Court has upheld the verdict against the head of Sewol ferry operator Kim…

Maersk sees stable but slower growth in regional demand

Container shipping giant Maersk Line has so far not seen major benefits from the fall in…

APM Terminals goes renewable with wind power at Maasvlakte II

APM Terminals has signed a two-year, €5 million (USD $6.23 million) contract with Amsterdam-based NV Nuon…

Hong Kong port plan till 2030 released

A study on Hong Kong’s strategic plan for its port, The Strategic Development Plan for Hong…

AAPA urges Obama to help resolve West Coast dockworker talks

The American Association of Port Authorities (AAPA) urged the US President Barack Obama to assign federal mediators to…

Denmark arrests former OW Bunker manager wanted in Italy

Denmark has arrested a former manager of collapsed ship fuel supplier OW Bunker and intends to…

Lack of evidence frees suspected pirates in Seychelles

The small island nation of Seychelles has acquitted three previously convicted Somali pirates and has ordered…

ITF warns of worker exploitation in Australia

The International Transport Workers’ Federation (ITF) is calling on the Australian government to improve labour regulations…

ICS ends opposition to ballast water convention after IMO progress

The International Chamber of Shipping (ICS) will no longer actively discourage the ratification of the Ballast…

Italian shipping firm to pay $2.75m fine over magic pipe pollution case

An Italian shipping firm has pleaded guilty and agrees to pay a $2.75 million criminal penalty…