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Monthly Archives: March 2018

Containership Market Stays Strong

COSCO Shipping Holdings Co Ltd said it expects further growth in container shipping demand thanks to a continued recovery in global trade, after reporting it had swung to a net profit of $429.42 million for 2017. COSCO's optimism, which comes…
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Conrad Industries Announces 2017 Results and Backlog

Conrad Industries, Inc. (OTC Pink: CNRD) has announced its fourth quarter and twelve months 2017 results and backlog. For the quarter ended December 31, 2017, Conrad had net loss of $3.4 million and loss per diluted share of $0.67 compared to net loss ...
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Obituary: Robert Maxwell, MD, BSM Singapore

BSM announced the passing of dear friend and colleague Robert (Bob) Maxwell, Managing Director of the Singapore office. Bob passed away on Monday, 26th March after a long struggle with cancer. He had a remarkable career in shipping and his contribution...
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Apply Now for the MN 100

Each year the August edition of Marine News magazine, the leading voice in the North American workboat market, features the very best 100 leaders and innovators, including workboat owners and operators, builders, OEMs and repairers, and product and ser...
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Baltic Index Records Worst March Since 2009

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, suffered on Thursday its biggest percentage fall in March since 2009 on weaker demand for capesize vessels. The overall index, which factors in rates ...
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Coast Guard Raises Marine Casualty Reporting Threshold

The U.S. Coast Guard has raised the decades-old monetary threshold for reporting marine casualties in order to keep pace with inflation and reduce reporting of minor incidents. The final rule changes, which were published March 19 and take effect April...
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