Cyprus has already overcome the loss of Russian maritime trade due to European sanctions and the Mediterranean shipping hub is chasing business expansion in Japan and elsewhere in Asia as it looks to grow its flag, a senior government official said…
Nippon Yusen Kabushiki Kaisha has upgraded its financial outlook for the fiscal year ending March 2023, projecting higher revenue and operating profits across the board in light of changing market conditions across multiple sectors it serves…
ABB announced its intention to spin off Accelleron (formerly ABB Turbocharging) turbocharging division, by way of a dividend in kind of Accelleron Industries Ltd’s shares to ABB’s shareholders. Accelleron’s listing on SIX Swiss Exchange in Zurich is planned for October 3…
Each year, Marine News magazine profiles 100 of the top firms in the North American workboat sector.From passenger vessels to towboats, tugs and barges. From dredging and offshore energy to pilot, patrol, fire and police boats. OEMs, service providers…
U.S. crude shippers are exporting huge amounts of oil to meet strong demand from Europe following Russia's invasion of Ukraine and subsequent sanctions against Moscow. In coming years U.S. oil may find even more buyers overseas, but that could test the capabilities of U…
Insurers will only be willing to cover ships sailing through a proposed corridor to get Ukrainian grain out if there are arrangements for international navy escorts and a clear strategy to deal with sea mines, underwriters and brokers say.Russia…
The U.S. Department of Transportation’s Maritime Administration (MARAD) announced Tuesday that it is accepting applications for Centers of Excellence (CoE) designations to recognize and support community or technical colleges and maritime training…
U.S. grain and coke exports boosted overall shipping volumes through the St. Lawrence Seaway in June.Total cargo tonnage shipments (from March 22 to June 30) via the St. Lawrence Seaway totaled 11.9 million metric tons, down 8.3% compared to 2021 but gaining ground in comparison to April…
Portugal's Sines port is ready to start onward shipment of liquefied natural gas (LNG), which arrives in large tankers and will be transferred to smaller vessels to head to other European states, a government spokesman said on Tuesday.He said…
Hundreds of dockworkers at one of Britain's largest container ports will be balloted for strike action in a dispute over pay and conditions, a union representing them said on Tuesday, threatening disruption to supply chains.Staff from a range of sectors…
The St. Charles County Port Authority said it has secured $3.5 million in funding to improve the river terminal in the City of St. Charles and at Klondike Park near Augusta, Mo.The funding comes a year and a half after formal organization of the Port Authority’s Board of Commissioners…
Michael C. Morgan, Ph.D., has been confirmed by the U.S. Senate to serve as assistant secretary of commerce for environmental observation and prediction, and he will also serve as deputy NOAA administrator. Morgan will be responsible for providing agency-wide direction with regard to weather…
From his nearly three-decade career at NOAA to hiking the Appalachian Trail, Shepard “Shep” Smith brings a broad base of experience and expertise to his new post as Chief Technology Officer of XOcean. We checked in with Smith for his insights on technical drivers in the ocean exploration space…
Light Structures tapped to deliver custom fiber optic solution for stress and fatigue measurement with real-time decision supportLight Structures AS won the contract to provide a Hull Stress Monitoring System for two new hybrid-power, double…
The outgoing Director of the IMO International Maritime Law Institute (IMLI), Professor David Joseph Attard, has been selected by the IMO Council to be the recipient of the International Maritime Prize for 2021. Professor Attard was nominated for the award by the Republic of Malta…
