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Good Year Ahead, Despite NAFTA Discussions

By MarEx 2018-02-22 18:40:19

Industry analysts are expecting 2018 to be a good year for U.S. ports, despite concerns about the impact of North American Free Trade Agreement (NAFTA) uncertainty. Imports at major retail container ports in the U.S. are expected to grow 4.9...

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Offshore Services Firm Seeks Auditor to Stay Open

By MarEx 2018-02-20 20:27:00

Offshore services firm Oceanteam is facing the possibility of liquidation if it cannot find an auditor. The local affiliate of KPMG withdrew its services in November 2017 and Oceanteam has not been able to secure a replacement. "Due to the...

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BP Predicts Four-Way Energy Split by 2040

By MarEx 2018-02-20 19:45:31

The newly-released 2018 edition of BP’s Energy Outlook predicts that oil, gas, coal and non-fossil fuels will each contribute around a quarter of the energy mix by 2040. Its evolving transition scenario, which assumes that government policies, technologies and societal...

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Iridium Prepares to Go Live with L-Band Broadband

By MarEx 2018-02-14 19:37:00

On Wednesday, Iridium announced its first maritime service providers for the launch of Certus, an L-band satcom network that will offer broadband speeds without traditional VSAT antenna hardware.  Certus will use the new Iridium NEXT satellite constellation to provide the same...

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Agility Joins Maersk-IBM Blockchain Community

By MarEx 2018-02-07 17:50:51

Global logistics provider Agility has become the first freight forwarder to collaborate on Maersk and IBM's blockchain solution which aims to provide more efficient and secure methods for conducting global trade. Blockchain is a secure, immutable and tamper-resistant ledger that...

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AAL and HMM to Cooperate Globally

By MarEx 2018-02-06 17:44:23

Multipurpose carriers AAL and Hyundai Merchant Marine (HMM), are entering a global cooperation that will see both carriers expand their trade route coverage, sailings frequency, and multi-purpose vessel (MPV) fleet capacity.   The cooperation will create a joint Far East –...

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Erck Rickmers

Erck Rickmers Sells E.R. Schiffahrt and Harper Petersen

By MarEx 2018-02-05 20:04:30

Hamburg entrepreneur Erck Rickmers (53) has decided to sell his ship management and ship brokerage activities. Effective January 1, 2018, Bremen-based Zeaborn Group acquired all shares in E.R. Schiffahrt GmbH & Cie. KG and shipbroker Harper Petersen & Co.  All...

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Blockchain Arrives for Ship Finance

By MarEx 2018-02-05 17:00:00

The blockchain revolution has already arrived for shipping, with big players like Maersk making moves on core business systems that rely on distributed ledgers. Now it is arriving for shipping finance. A new startup, Shipowner.io, intends to democratize investment in merchant...

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China Surpasses U.S. as Largest Crude Oil Importer

By MarEx 2018-02-03 17:13:12

China surpassed the U.S. in annual gross crude oil imports in 2017 by importing 8.4 million barrels per day (b/d) compared with 7.9 million b/d of U.S. crude oil imports.  China had become the world's largest net importer (imports less...

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300cubits Starts Handing Out TEU Tokens

By MarEx 2018-01-31 19:16:39

Hong Kong-based 300cubits will start handing out its TEU tokens to shippers, forwarders and third party logistics providers on February 1. The company will release 20 million TEU tokens designed to be used as digital shipping booking deposits to solve...

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