The crisis in global shipping and a tax exodus by big Greek vessel owners have helped finally seal the fate of London's Baltic Exchange after at least three approaches to buy it over the last six years of its near-three centuries history. Some…
With his participation in the Danish Maritime Forum on October 26 the Danish Minister for Business and Growth will highlight the need for greater global cooperation when meeting with maritime key leaders from around the world. Around 90 percent of world trade is transported by sea…
The Board of Commissioners of the Port of New Orleans has elected Mr. Michael W. Kearney chairman. Mr. Kearney represents Orleans Parish and joined the Board in December of 2012 when he was appointed by former Gov. Bobby Jindal. He succeeds Mr…
The status of Hanjin Shipping and the disruptions caused by its bankruptcy to the American shipping community, as well as global supply chains, was examined closely by the Federal Maritime Commission during the closed session of the September 20…
India's Shipping Ministry on Thursday proposed a new model concession agreement (MCA) to attract more private sector investments in the development of port infrastructure. The proposed MCA will replace the existing agreement which came into existence in January 2008…
Egypt's state grain buyer GASC received four offers from suppliers at its international wheat purchase tender on Thursday after amending some of the terms, traders said. Earlier suppliers had been holding off on making offers, saying they…
[Press Release] ABS announced the publication of the ABS Guide for Building and Classing Subchapter M Towing Vessels. The Guide is designed to aid domestic owners comply with new U.S. Coast Guard (USCG) requirements governing towing vessels that operate in U…
A new ferry service has opened in Florida, a St. Petersburg/Tampa ferry service, and organizers project that this is just the start as they 'test the waters' for the new service dubbed The Cross-Bay Ferry.“Everywhere I go, people ask me about the ferry…
The Indian Ministry of Shipping has prepared a draft Bill “Major Port Authorities Act, 2016” to replace the age-old Major Port Trusts Act, 1963, with a view to promote port infrastructure and facilitate trade and commerce. In the Bill,…
The National Retail Federation and the Hardwood Federation has led a coalition of 120 organizations representing retailers, manufacturers, agribusinesses and other sectors affected by the Hanjin Shipping bankruptcy in sending a letter to Commerce…
At a presentation this morning at the United Nations in New York, Remi Eriksen, CEO, DNV GL led a presentation on “The Future of Spaceship Earth,” a global forecast on the outlook for the world to 2050. The skinny: The world needs to move further…
U.S. Federal Maritime Commissioner William P. Doyle addressed Hanjin on September 15 in panel remarks at the annual FTR Transportation Conference in Indianapolis, Indiana. Below are remarks and discussion points from the panel. The U.S.…
Ivory Coast has awarded a project to upgrade its second port of San Pedro to global shipping giant Mediterranean Shipping Company (MSC) and the Bilal Group, a government spokesman said on Wednesday. Speaking after a cabinet meeting in the commercial capital Abidjan…
The Commander Australian Fleet, Rear Admiral Stuart Mayer, hosted 14 of his counterparts or their representatives in Darwin for the inaugural Regional Commanders’ Conference to discuss maritime security and interoperability in the Asia-Pacific…
A safety study recently released by the National Transportation Safety Board (NTSB) details 14 conclusions and 21 recommendations aimed at further reducing the risk of collisions, allisions and groundings involving vessels operating within U…