Maersk bought two e-commerce companies on Friday and said more acquisitions were coming soon as the world's biggest container shipping line boosts its bet on land-based services.Maersk, which handles one in five containers shipped worldwide…
The Baltic Exchange's main sea freight index rose on Thursday on stronger vessel rates, with capesizes at a near three-month peak.The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, rose by 58 points…
While new to the CEO seat, Anna Galoni is long-tenured at Thordon Bearings, having worked in the company for more than 15 years, joining the Burlington, Ontario-company in 2007 after graduating from Queens University with a Masters’ Degree in Epidemiology…
Chinese iron ore futures fell below a key 1,000 yuan per tonne level on Thursday, falling more than 5% to their lowest in more than two months as domestic consumption remains sluggish on steel production controls.The most active iron ore futures on the Dalian Commodity Exchange…
Container shipping rates from China to the United States have scaled fresh highs above $20,000 per 40-foot box as rising retailer orders ahead of the peak U.S. shopping season add strain to global supply chains.The acceleration in Delta-variant…
Shipments of iron ore on the Great Lakes totaled 5.7 million tons in July, an increase of 61.8% compared to a year ago, according to the Lake Carriers’ Association (LCA). Shipments were 3.2% above the month’s five-year average.Year-to-date the iron ore trade stands at 26…
Brian Cuccias, the retired president of Huntington Ingalls Industries' (NYSE: HII) Ingalls Shipbuilding division, accepted the Navy League of the United States' Fleet Admiral Chester W. Nimitz Award today. The Navy League presented the award at the annual Sea-Air-Space exposition in National Harbor…
Thousands of Lebanese gathered near the port of Beirut on Wednesday to mark the first anniversary of a catastrophic explosion that devastated the city, demanding justice for the victims.One year since the disaster, caused by a huge quantity of ammonium nitrate stored unsafely at the port for years…
Trelleborg said its marine and infrastructure operation in North America has recently moved into its new sales office in Houston, Texas, in a move aimed at meeting the growing demands across all North American markets and providing more localized…
Nakilat, DNV, and a group of yards and system suppliers – ABB, Honeywell, Kongsberg and Wärtsilä + Hudong-Zhonghua – have teamed on a joint development project (JDP) to elevate software reliability and maintenance during operations. The JDP…
U.S. manufacturing of durable goods, which has been lagging the wider recovery of the U.S. economy, hit an all-time high in June when $270.5B worth of goods was produced. This brings total manufacturing of durable goods so far this year to $1…
Japan's trading houses are riding a boom in commodities markets that has been fuelled by the recovery in major economies from the coronavirus pandemic, with Itochu reporting record quarterly profit and three others raising their earnings forecasts…
Two Chinese firms are seeking liquefied natural gas (LNG) cargoes for delivery over August to November as summer demand in the southern region remains strong and as companies prepare to meet winter demand, industry sources said.China's Shenzhen…
HEMEXPO President, Helen Polychronopoulou, says Greek marine technology developers see collaboration between shipping industry stakeholders as the key to innovation and decarbonization.Helen Polychronopoulou has dedicated her career to the successful…
The maritime industry must significantly increase training and recruitment levels if it is to avoid a serious shortage in the total supply of officers by 2026, a new report from BIMCO and the International Chamber of Shipping warns.Given the growing demand for STCW certified officers…
