The Suez Canal Authority is considering expanding the southern section of the waterway where the container ship Ever Given became stranded, its chairman said on Tuesday.It is also looking into procuring cranes that could potentially offload cargo at heights of up to 52 meters…
South Carolina Ports handled the most cargo in its history in March, with the Port of Charleston handling record volumes as the Hugh K. Leatherman Terminal begins operations.SC Ports reported an all-time container record for March, moving 248…
The U.S. Committee on the Marine Transportation System (CMTS) COVID-19 Working Group (C-19 WG) is encouraging mariners from all segments of the U.S. maritime industry to anonymously complete the “Mariner Mental Health Needs during Covid-19” online survey here…
Greece on Monday launched a tender for the sale of a majority stake in a port on the island of Crete, a popular tourist destination in Europe.The conservative government has been keen to attract investment and upgrade its port facilities across…
Germany will next week present a multi-billion-dollar proposal to Lebanese authorities to rebuild the Port of Beirut as part of efforts to entice the country’s politicians to form a government capable of warding off financial collapse, two sources said…
Container shipping giant MSC Mediterranean Shipping Company doubled down on its position to avoid sending its vessels through the Northern Sea Route and urged others to follow suit, citing environmental concerns.“As a responsible company, this was an obvious decision for us…
Jones Capital said it has acquired Rockport Terminals, one of the largest private intermodal terminals on the Texas Gulf Coast.Rockport Terminals is located within 28 miles of the fast growing Port of Corpus Christi, but outside of the Port's tariff zone…
More than 44 pounds of cocaine was seized from a Marshall Islands-flagged bull carrier anchored in the Chesapeake Bay near Annapolis, Md., on Wednesday.The drugs were discovered during an early morning examination by officers and agents from the DEA…
Marubeni and Torvald Klaveness' joint venture panamax bulker pool is offering pool partners the option to convert freely between floating and fixed rate, at any given time, in line with forward market levels.The companies, which announced the…
The blockage of the Suez Canal is likely to lead to large reinsurance claims, adding to upward pressure on marine reinsurance rates, James Vickers, chair of reinsurance broker Willis Re International, told Reuters.Formal investigations began…
One of the United Kingdom’s (UK’s) busiest ports is slated to deploy private 5G follownig an agreement between Verizon Business and Associated British Ports (ABP). Delivered in partnership with Nokia, Verizon’s private 5G platform will provide the Port of Southampton with a secure…
Updated guidance from the International Council on Mining and Metals (ICMM) outlines the techniques required for accurate hazard assessment of ores and concentratesAiming to help minimize the risk of accidents in maritime transportation, the…
The blockage of the Suez Canal for nearly a week will result in a “large loss” for Lloyd’s of London, its chairman said on Wednesday, as the insurance market recorded a 900 million pound ($1.2 billion) pretax loss in 2020 due to the COVID-19 pandemic…
The Georgia Ports Authority Board on Monday approved capital improvement projects that will increase the Port of Savannah’s container capacity by 20% amid unprecedented cargo growth.“Right now, we are moving container volumes that we did not expect to see for another four years…
Tanker operator International Seaways Inc said on Wednesday it will buy Diamond S Shipping Inc for about $416 million, as it aims to expand its crude shipping capacity and create one of the largest U.S.-listed tanker companies.Diamond S shareholders will receive $10…
