Shipping
Panama Canal water levels to remain exceptionally low for months
(Posted on 04/09/23)Record year-on-year declines in rainfall has been identified as the ‘likely culprit’ for the Panama Canal drought, as water levels are likely to remain exceptionally low for months, despite forecasted short-term improvements.Isaac Hankes, Senior Weather Analyst at London Stock Exchange Group, comments:“The Panama...
Change in MENAS Light Dues to ensure future of Aids to Navigation
(Posted on 04/09/23)After years of keeping a vital navigation service operating on the same income, Middle East Navigation Service (MENAS) has been forced to review its funding, to ensure it can continue to help keep seafarers safe and protect the marine environment in the Middle East Gulf.MENAS has been providing Aids to Navigation (AtoN) in the Middle...
Leading bulk shipping companies demonstrate collaboration is key to success
(Posted on 28/08/23)Torvald Klaveness and Lauritzen Bulkers, leading global dry bulk shipping companies, have announced a collaboration move that sees Lauritzen Bulkers testing Market Manager by Klaveness for better decision-making.Market Manager is a Software-as-a-Service (SaaS) platform crafted by Klaveness Chartering, incorporating extensive commercial...
OSM Thome and Pherousa Green Shipping collaborate on ultramax project
(Posted on 28/08/23)Norwegian companies OSM Thome and Pherousa Green Shipping AS (referred to as "PGS") have entered into a Letter of Intent outlining their collaboration on a series of 63000 dead weight (dwt) Ultramax vessels to be ordered by PGS.The collaboration involves Phases I, II, and III, encompassing Drawing Approval, Project Development,...
Delivery of modern capesize bulker adds capacity for Tomini
(Posted on 18/08/23)Tomini Shipping, a world class dry bulk ship owner, has reached yet another milestone in their expansion journey with the acquisition of Tomini K12.This Chinese-built capesize bulk cargo ship of 208,286 DWT will be the largest carrier in their existing fleet.The maritime industry is deeply engrained in Tomini Shipping’s cultural...
Shipowners urged to take proactive stance to cut demurrage costs and risks
(Posted on 14/08/23)Voyager, the operations and demurrage management platform for bulk commodity shipping, is urging shipping companies to take a proactive stance and adopt a number of Best Practices in order to reduce the costs and risks of demurrage.A dramatic surge in port congestion and associated supply chain disruptions have led to longer waiting...
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