Montrose Port Authority (MPA) has become the first port in Scotland to provide a shore power service for offshore energy supply vessels in a move to reduce emissions, noise pollution and fuel consumption.A 50/50 self-funded joint venture, Plug…
JSW Infrastructure, India's No.2 private port operator by market capitalization, reported a near 10% increase in fourth-quarter profit on Friday, boosted by higher cargo volumes.The company, part of steel-to-energy conglomerate JSW Group, said consolidated net profit rose to 3…
In the heart of maritime excellence in Oslo, Norway, the stage is set for the Nordic Maritime Forum 2024 to bring together industry leaders, ranging from shipowners, ship managers, ports, regulators, and classification societies to technology companies and suppliers…
State, city and Port of Long Beach officials Thursday joined Toyota Motor North America and FuelCell Energy to celebrate the grand opening of the first-of-its-kind “Tri-gen” system to generate renewable hydrogen, electricity and water to support…
Ocean freight container carriers are treading a fine line between risk and reward during new contract negotiations as the market remains gripped by uncertainty in the Red Sea, according to new data on the Xeneta Shipping Index (XSI®).The latest…
Turkey stopped all exports and imports to and from Israel as of Thursday, the Turkish trade ministry said, citing 'worsening humanitarian tragedy' in the Palestinian territories.'Export and import transactions related to Israel have been stopped…
Hawai‘i’s interisland freight company Young Brothers has become the first marine transportation company in the Unites States to install an innovative mooring system designed to improve safety and efficiency.The new $1.5 million ShoreTension…
China’s automotive industry has revolutionised over the past decade, from producing basic western clones to making cars that equal the world’s best. As the manufacturing powerhouse of the world, China is also producing them in huge volumes.However…
The Taliban has agreed with Kazakhstan and Turkmenistan to build a logistics hub in western Afghanistan aimed at making the war-torn nation a major logistics point for regional exports, including oil from Russia to South Asia, the country's commerce minister said…
Lloyd's of London insurers Hiscox and Lancashire do not expect large insurance claims from the collapse of Baltimore's Francis Scott Key Bridge in March that caused widespread disruption, they said on Thursday.Some estimates for the total insured…
In 2018, convicted cocaine trafficker Slobodan Kostovski fled a Brazilian prison and made his way back to Europe with a fake passport.The Serbian senior quickly fell into old habits, police allege. Last August, Kostovski was arrested in Belgrade…
At the Maritime Risk Symposium 2024, scheduled for June 11-13 at Naval Postgraduate School, Monterey, CA, RADM Matt Bell, USCG (Ret.) facilitates a panel entitled: Multi-Service and Maritime Industry Collaboration in the Arctic, to better understand…
Kongsberg Digital concluded a new project funded by FHF (the Norwegian Seafood Research Fund) for the development of its K-Sim Fishery simulator to incorporate a new purse seine application. The new simulator capabilities were demonstrated to…
Crowley and Teamsters Union Local 901 have reached a new labor agreement to extend their longtime partnership into its sixth decade serving the shipping and logistics needs of Puerto Rico.The agreement, recently ratified by union members, covers…
The United States on Wednesday issued hundreds of fresh sanctions targeting Russia over the war in Ukraine in action that took aim at Moscow's circumvention of Western measures, including through China.The U.S. Treasury Department imposed sanctions…