Baltic Exchange assists investors 
The Baltic Exchange, one of London's oldest institutions and an affiliate of Singapore Exchange (SGXL.SI), has launched a new service for shipping investors that provides a snapshot five-year view of the financial prospects for dry bulk carriers. The Baltic Exchange Investor... more
Joint action for safety at sea
Prevention at Sea (PaS) and KPMG in Cyprus have signed a memorandum of understanding (MoU) with the aim to jointly design, develop and promote services and products that reduce safety risks to the maritime industry and ensure a safe business environment. The MoU was signed... more
BCT to push combined transport
In Poland, the Baltic Container Terminal (BCT) in Gdynia has joined the EU-backed ‘Comodalce’ project, which fosters further railway solutions. BCT has taken measures that have lifted its intermodal rail traffic to around 30% of its annual container throughput.The terminal... more
In carriers’ seventh heaven
In line with many other shipping lines, Hapag-Lloyd has raised its forecast for financial 2020 on the basis of a better-than-expected business performance in the ongoing Q4/2020. The group expects an ebitda of EUR 2.6–2.7 billion (up from EUR 2.4–2.6 billion) and an ebit of EUR... more
ShipMoney hiring in Greece and the Philippines
The firm Maritime Payment Solutions, a provider of payment solutions for maritime companies which does business as ShipMoney, has recruited two managers. Vanessa Torres has become a strategic client and business development manager in Manila, and Theo Tsokos a client account... more
Capacity crunch in Asia
Shipping containers have become a scarce commodity across the whole Asian continent, with 40' high-cube containers in especially short supply. Movers and shakers are expected to see these equipment shortages carry on through the first quarter of 2021. Container shortages... more
AI against piracy
Artificial intelligence (AI) has become a part of the guidelines and recommendations to be regularly published by the International Maritime Organization (IMO), naval forces and various maritime organisations to help shipowners protect their vessels against piracy. These... more
Refitting ships on Suez Canal 
The Suez Canal Authority (SCA) has replaced the rubber cutterhead bearings on the 102 m (335 ft) dredger "Mahmoud Younis" with a water-lubricated composite. The retrofit, which took place at the Port Said Shipyard’s floating drydock, follows the success of a... more
Sea Cargo launches new service
A new freight service will commence at the turn of the year, linking Gothenburg to the industrialised Western Region in Norway via the ports in Stavanger, Bergen, Sunndal and Ålesund. The rotation will also include the Polish port of Swinoujscie, which will in turn open up... more
LNG carriers supported by Wärtsilä
Teekay Gas, a part of the global Teekay Group, has signed LNG support agreements with the technology group Wärtsilä for eight LNG carrier vessels it owns. The two agreements, each for four vessels, were signed in August and September of this year. They took effect from one... more