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Monthly Archives: January 2023

DP World Predicts 15-20% Freight Rate Drop

DP World expects freight rates to drop by a further 15% to 20% in 2023 as demand slows, the Dubai-based global logistics company's deputy chief executive and chief financial officer Yuvraj Narayan told Reuters on Monday.Narayan said the first signs of ...
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ABS Signs On Suez Canal’s Green Program

ABS and the Suez Canal Authority (SCA) signed a Memorandum of Understanding (MoU) to develop a long-term sustainability roadmap and decarbonization strategy for the canal, one of the world’s busiest shipping routes.The MoU will see ABS and SCA…
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Pelagic Partners Adds Secondhand LR Tanker

Pelagic Partners announced it has expanded its tanker fleet. The Cyprus-based investment fund said its Pelagic Yield Fund acquired the Summit Africa, a 73,500 dwt LR tanker built in 2009 at New Times Shipyard in Jingjiang, China. The vessel…
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Jackie Q. Carter to Serve as Director at Port Milwaukee

Milwaukee Mayor Cavalier Johnson has selected Jackie Q. Carter to serve as Municipal Port Director. In this position, Carter will direct commercial and recreational operations at Port Milwaukee, oversee a staff of twenty people, and administer Foreign ...
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Coast Guard Cutter Alex Haley Repairs Completed

The crew of the Coast Guard Cutter Alex Haley returned to homeport at Coast Guard Base Kodiak, Alaska, on Thursday, following an extended seven-month dry dock maintenance period in Seattle.While in dry dock, the crew and contractors successfully…
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