As many markets struggle to find their footing in the face of the global COVID-19 pandemic, a recent podcast with Martin Muhleisen, director of the IMF's Strategy, Policy, and Review department, helps to lend insight and perspective from the view of the International Monetary Fund…
Italy's Saipem has reached an agreement with Norway's Equinor to develop technology to build floating solar power farms close to the coast, the energy contractor said.The agreement is between Saipem's high-value services unit Moss Maritime and the Norwegian energy firm…
Taking into consideration concern about quarantine requirements surrounding the global coronavirus pandemic, the Maritime Association of New York and New Jersey has rescheduled its 27th Annual International Maritime Hall of Fame Dinner. The new date is Thursday…
Freight operations at the Port of Cork continue to operate smoothly and its arrivals schedule remains unaffected amid the coronavirus pandemic, Ireland’s second largest port confirmed on Friday.In addition to the Port of Cork’s existing robust hygiene standards…
The Baltic Exchange's main sea freight index fell on Friday, posting its first weekly fall in six weeks, weighed by lower panamax and supramax vessel rates.The Baltic index, which tracks rates for capesize, panamax and supramax vessels that ferry dry bulk commodities…
The world's number two container line MSC is in talks with the United Arab Emirates after the Gulf country banned one of their vessels from entering its waters over what authorities said was a breach of tough new sulphur emissions rules for ships…
Chinese port workers have made progress to move a logjam of refrigerated containers that has disrupted supplies of fresh and frozen food and pushed up freight rates outside China amid the coronavirus outbreakFrench container carrier CMA CGM…
On Thursday, the U.S. Department of Homeland Security’s Cybersecurity and Infrastructure Security Agency (CISA) released guidance to help state and local jurisdictions and the private sector identify and manage their essential workforce while responding to COVID-19…
Leading container shipping firm A.P. Moller-Maersk scrapped its 2020 earnings forecast on Friday, while rival Hapag-Lloyd warned of slowing growth until at least June, as the coronavirus pandemic takes a heavy toll on global tradeThe container shipping industry…
Singapore-based First Ship Lease Trust (FSL Trust) has appointed Markus Wenker as chief financial officer, to replace Alan Mitchell, who is retiring.Wenker will take over the role and responsibilities May 4, following a handover process.Wenker…
International Maritime Organization (IMO) Secretary-General stressed vital need to maintain commerce by sea and protect seafarers' welfare in face of coronavirus shutdown.IMO Secretary-General Kitack Lim issued the following statement addressing…
Elliott Bay Design Group is a well-known, long tenured Seattle-based naval architecture and marine engineering firm.We checked in with John Waterhouse, Chief Concept Engineer at EBDG, for insights on some of the design elements on the new Staten Island Ferries…
German container shipper Hapag-Lloyd on Friday said the coronavirus outbreak would curb business growth at least until mid-year after reporting a jump in 2019 profit and proposing a higher dividend.Larger rival Maersk on Friday also warned of…
Cost-cutting and price rises will help Maersk deliver higher first-quarter earnings than a year ago, the shipping giant said on Friday, though it scrapped its full-year forecast due to uncertainty caused by the coronavirus pandemic.The Danish company said its guidance on earnings before interest…
Passengers who have tickets to travel back to their home countries will be allowed to disembark from the coronavirus-hit Costa Luminosa cruise ship in Marseille, the port authority and the cruise operator said on Thursday.A port official told Reuters that 639 passengers…
