Sea
Russia could continue to see declining seaborne dry bulk exports through the first half of 2025, due to coal price competitiveness and a fall in wheat volumes, according to a BIMCO shipping analyst.Through November, Russia has seen dry bulk exports decline 5 percent year over year, driven by a 10 percent decrease in coal shipments, said Filipe Gouveia, shipping analyst for BIMCO, a trade organization for shipowners, charterers, shipbrokers and ...
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CMA CGM, the French ocean shipping giant, said it will implement a Panama Canal transit surcharge from the Far East to U.S. East Coast and U.S. Gulf, effective Jan. 2.The Panama Canal Authority with the new year introduced a new booking reservation system, the Long-Term ...
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Port Houston handled 3.43 million 20-foot equivalent units, or TEUs, through October of this year a 7 percent improvement from last year, despite a double-digit dip in monthly volume.The Gulf port handled 309,623 TEUs in October, down 15 percent, though volumes are expected to be ...
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The U.S. Department of Transportation’s Maritime Administration, or MARAD, has awarded Port Houston one of 11 large Port Infrastructure Development Program grants for projects aimed at enhancing the safety, reliability, and resiliency of ports.“This important project will improve the efficiency and competitiveness of United States ...
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Port Canaveral showed revenue growth across all business sectors in its fiscal year 2024. and the South Atlantic port projects a strong outlook for the coming fiscal year.Canaveral Port Authority CEO Capt. John Murray, in his “State of the Port” address Nov. 20, said the ...
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Drewry’s September Global Container Port Throughput Index improved 4.7 percent from the year-earlier quarter, though down 0.3 percent from August.The rolling 12-month average growth rate for global port handling remained at 5.5 percent, while global year-to-date growth to September was 6.5 percent, with all regions ...
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French shipping line CMA CGM said it will launch a direct weekly service, Maya Service, dedicated to West Coast Central America and totally operated by CMA CGM.The service will operate with two dedicated ships operated by CMA CGM, the CMA CGM Surabaya and Magdalena Schulte.Maya ...
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Guenther Siemens, who has been with BBC Chartering in varying positions for more than 25 years, takes over the role of the managing director of Briese Chartering Jan. 1.Siemens, formerly chief operations officer at BBC Chartering, succeeds Ilona Lazareva, who stepping down from the position ...
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As the shipping industry faces an increase in decarbonization regulations from the EU and the International Maritime Organization, or IMO, BIMCO has added to its portfolio of carbon clauses with the FuelEU Maritime Clause for Time Charter Parties 2024.
Adopted by BIMCO’s Documentary Committee ...
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UBSL, who for years has operated liner service from the Mediterranean and Black Sea to West Africa, has expanded into servicing the Caribbean and the East Coast of South America.UBSL Caribbean Line is a joint venture between BOCS Bremen and Universal Africa Lines. UBSL Caribbean ...
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