All Energies Services Group (AES Group) has announced the acquisition of CWind Ltd, a market provider of offshore wind services, from private equity firm Inspirit Capital.This strategic acquisition marks a significant milestone in AES Group's…
The Baltic Exchange's dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, dipped to a more-than-17-month low on Wednesday, hurt by falling rates across all vessel segments.The index, which factors in rates for capesize…
The new line handlers joining SAAM Towage Canada's fleet were unloaded from the MV Jumbo at the Port of Vancouver on January 6th after completing their journey from Hong Kong.“These multipurpose vessels play a key role in berthing and unberthing…
Shipments of iron ore on the Great Lakes totaled 4.6 million tons in December, a decrease of 4.5 percent compared to a year ago. Shipments were just slightly above the 5-year average for the month.The year-end total for the iron ore trade stands at 49…
“At the end of 2024, the container ship order book was 8.3m TEU, a new record compared with the previous high of 7.8m TEU in early 2023,” says Niels Rasmussen, Chief Shipping Analyst at BIMCO.As 4.4m TEU were contracted during 2024, the second highest ever…
In his New Year’s greetings, NYK President Takaya Soga reflected on the disasters of 2024 and looked forward to change in 2025.“This year is the Year of the Snake, and when combining the 12 zodiac signs with the 10 heavenly stems, it is referred to as ‘Kinotomi…
American Cruise Lines is pleased to announce their biggest Alaska cruise season ever. The company will have 2 small ships in Alaska and 5 extraordinary itineraries, delivering once-in-a-lifetime experiences aboard sailings operating this May through September…
Achilles Information Ltd (“Achilles”) announced that it has acquired the assets of Global Risk Management Solutions (GRMS), a provider of supplier risk management programs based in Irvine, California. This latest transaction builds on the success…
President-elect Donald Trump declined on Monday to rule out military or economic action as part of his avowed desire to have the U.S. take back control of the Panama Canal and acquire Danish-controlled Greenland.Asked at a press conference whether…
The Baltic Exchange's dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, extended declines on Tuesday, hurt by falling rates across the capesize and supramax segments.The index, which factors in rates for capesize…
Finnish police said on Tuesday they had recovered a lost anchor from the seabed as part of an investigation of suspected sabotage against power and internet cables in the Baltic Sea.Finland last month seized the Eagle S tanker carrying Russian…
Shandong Port Group has banned U.S.-sanctioned tankers from calling into its ports in the eastern Chinese province, home to many independent refiners that are the biggest importers of oil from countries under U.S. embargo, three traders said…
R.M. Young Company will host a special book signing event with Cyrena Arnold — Meteorologist, Storm Chaser, and Author — at booth 517 during the American Meteorological Society (AMS) Annual Meeting, January 13–14, 2025.Arnold’s professional…
RAK Ports, a group of five ports located in the United Arab Emirates, has become the first in the region to achieve compliance with the Port Marine Safety Code (PMSC), the UK standard for port marine safety.Although RAK Ports operates outside of the UK…
Contract talks covering 45,000 dockworkers on the U.S. East and Gulf Coasts are set to restart on Tuesday in a labor dispute that will help set the pace of automation at ports stretching from Maine to Texas.The International Longshoremen's Association…