The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, was on way to its worst week in six on Friday as demand across all vessels declined. * The overall index .BADI, which factors in rates for capesize, panamax...

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Mammoet has received its first Liebherr LR12500 crane. With a capacity of 2,500t and a 200m hook height, it will help to ensure the constructability of future energy and infrastructure developments. Seeking greater build efficiencies, projects across a range of...

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On July 5, the NYK-TDG Maritime Academy (NTMA), a merchant marine academy jointly operated by NYK and the Transnational Diversified Group (TDG)* near Manila, Philippines, held a commencement ceremony for 95 students, the academy’s 13th batch of graduates. NYK Chairman...

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The Singapore Maritime Foundation (“SMF”) and Pertamina International Shipping Pte Ltd (“Pertamina International Shipping Asia Pacific” or “PIS AP”) signed a Memorandum of Understanding (MOU) to cooperate in creating more opportunities for youths and young adults to...

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Japan’s Chubu Electric Power Co. is in advanced discussions with BP on a Carbon Capture, Utilization And Storage (CCUS) project to sequester up to 20 million mt/year of CO2 in the Nagoya port area, with a potential fleet of some 20 liquefied CO2 carriers for...

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The ReCAAP Information Sharing Centre (ISC) held a dialogue with the shipping industry to share the latest situation of piracy and armed robbery against ships in Asia, as well as efforts by the littoral States to address armed robbery against ships in the Straits of...

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