Latest News - page 429

 

Lyttelton Port Company Orders Four Straddle Carriers

Jun 21, 2021

Lyttelton Port Company in Christchurch, New Zealand, has ordered four Konecranes Noell Straddle Carriers to expand its straddle carrier fleet in response to growing business. The new machines will be delivered towards the end of 2021. This order was booked in Q1 2021…

Weithman Named Director of Ports of Indiana-Mount Vernon

Jun 21, 2021

Ports of Indiana (POI) announced that it has hired Bernard (Ben) Weithman as the new Ports of Indiana-Mount Vernon port director.Weithman will lead port operations and business development for the Mount Vernon port. His industry experience includes more than 30 years in business development…

Freight Tech Startup Forto Raises $240 Million in Softbank-led Round

Jun 21, 2021

Forto has raised $240 million from investors led by Softbank (9984.T), the freight technology startup said on Monday, and will invest in expanding its platform for organizing trade shipments between China and Europe.The five-year-old Berlin…

New Compensation Offer Made Over Suez Canal Blockage

Jun 21, 2021

The owners of a container ship that blocked the Suez Canal in March have made a new offer in a compensation dispute with the canal authority, and a court ruling on the case was postponed for two weeks on Sunday to allow more time for negotiations…

Maersk VC co-leads Funding Round in Egyptian Freight Logistics Start Up

Jun 21, 2021

Egyptian startup Trella, a digital platform connecting truckers with freight loads, has raised $42 million in equity and debt, including from the venture capital arm of shipping giant Maersk, its chief executive said.Founded three years ago in Cairo…

Chinese Regulators Eye Irregularities in Spot Iron Ore Trading

Jun 21, 2021

China's state planner, the National Development and Reform Commission (NDRC), said on Monday it and the market regulator are jointly looking into the iron ore spot market and have pledged to crack down on hoarding and speculation.The move comes…

Baltic Dry Index Snaps Seven-session Winning Streak

Jun 18, 2021

The Baltic Exchange's main sea freight index snapped a seven-session winning streak on Friday as capesize rates declined, but was up for the second straight week.The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels…

IMO Adopts Ban on Heavy Fuel Oil Use by Ships in Arctic

Jun 17, 2021

The United Nations shipping agency on Thursday adopted a ban on the use of heavy fuel oil in the Arctic region while green groups said the regulations contained loopholes which will allow many vessels to keep sailing without enough regulatory control…

New Banking Payment Platform for Seafarers Launched

Jun 17, 2021

A new touch-free payment platform for the maritime industry has been launched by Secure Seas.Secure Seas says its electronic payment platform is designed to provide financial security to seafarers by transferring their pay electronically, removing…

IMO Adopts New Measures to Cut Ship Emissions

Jun 17, 2021

The U.N. shipping agency approved further measures on Thursday to boost the energy efficiency of commercial vessels although critics said the move fell short of what was needed to cut the industry's carbon footprint.The International Maritime…

Argentine Port Unions Plan Strike Over Vaccine Access

Jun 17, 2021

A coalition of nine Argentine port worker unions will go on a nationwide 24-hour strike starting at midnight to press for vaccinations against the coronavirus, the labor groups said in a statement on Thursday.Workers including tugboat captains…

Diamond Bulk Taps Inmarsat's Fleet Data Premium Solution

Jun 17, 2021

Inmarsat's Fleet Data provides data acquisition, processing, uploading, and interface links between engine and Nautilus Labs’ fleet optimization solution so that Mitsubishi Ore Transport and Diamond Bulk Carriers reap rewards of big data without hardware expense…

LIVING PORTS Project Catalyzes Next-gen Port Infrastructure

Jun 17, 2021

ECOncrete has won the European Commission Horizon 2020 Fast Track to Innovation funding program with a large-scale deployment at the Port of Vigo, Galicia, Spain.In alignment with the EU Green Deal, Marine Directive and Biodiversity Strategy for 2030…

San Pedro Bay Ports Struggle to Keep Up with Record Box Flow

Jun 16, 2021

The ports of Los Angeles and Long Beach continue their record-breaking start to the year, exceeding pre-pandemic records again and again. Already under pressure to handle a throughput that has broken the pre-pandemic record every month for 11 months in a row…

Wärtsilä Teams Up With Weathernews

Jun 16, 2021

Wärtsilä Voyage and Japan based weather routing provider Weathernews Inc (WNI) have signed a strategic partnership agreement enabling the integration of WNI’s weather forecasting data and Optimum Ship Routeing (OSR) service with Wärtsilä’s products and solutions…

Logistics News

US Import Costs Rise in April, Fuel Sees Biggest Gain in Four Years

US Import Costs Rise in April, Fuel Sees Biggest Gain in Four Years

NexusWave Implemented on IEA Fishing Vessels

NexusWave Implemented on IEA Fishing Vessels

Baltic Index Rises Alongside All Vessel Segments

Baltic Index Rises Alongside All Vessel Segments

Awake.Al, Tidalis Collaborate for Maritime Emissions Reporting

Awake.Al, Tidalis Collaborate for Maritime Emissions Reporting

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Airline cancellations in response to Middle East conflict
Siemens strengthens rail technology portfolio by acquiring MERMEC, an Italian rail company
F2i confirms it will retain control of 2i Aeroporti following CDP stake deal