The global shipping containers market, which amassed $9.29 billion in 2017, is estimated to reach $12.08 billion by 2023, growing at a CAGR of 4.5% from 2017 to 2023.According to a report by Allied Market Research, surge in seaborne trade, rise of transportation services…
Canada's backbone intermodal company Canadian National Railway Company (CN) has announced that David Trent will be joining the company as part of the railway’s objective of modernizing its scheduled railroading model.The new Vice-President (VP)…
Container lines Ocean Network Express (ONE) is launching a new service covering Africa, India and the Middle East (AIM).The new product will broaden ONE’s already expansive global coverage by offering direct port calls between West Africa, South Africa and key locations in West Asia…
'Just-In-Time' (JIT) operations have the potential to cut the time ships spend idling outside ports and help reduce harmful emissions as well as save on fuel costs.According to International Maritime Organization (IMO), this can be achieved…
U.S. Treasury Secretary Steven Mnuchin on Monday told reporters he expects to have another telephone call with Chinese officials this week as part of resumed discussions about a trade agreement.U.S. President Donald Trump and Chinese President…
Imagine conducting ship checks and training aboard a ship without ever leaving your office. At Norfolk Naval Shipyard (NNSY), this has become a reality thanks to virtual reality.NNSY's Radiological Control Special Projects and Refueling Division (Code 105…
In a collective call to action for the decarbonization of shipping last year, 34 signatory CEOs from the industry made clear that efforts to significantly lower the carbon footprint of shipping presented “biggest technology challenge in the past 100 years”…
Arun Sharma, Executive Chairman of the Indian Register of Shipping (IRClass), has been elected as the new Chairman of the International Association of Classification Societies (IACS) in a recent Council meeting held in Busan, Korea.Sharma took…
Hapag-Lloyd is expanding its African liner services and will offer its MIAX (Middle East-India-Africa Express) service starting in October 2019. It will include direct connections between the Arabian Gulf, India, Colombo (Sri Lanka), La Réunion…
ClassNK confirmed type approval certification for SMARTShip, a patented digital shipping solution developed by Alpha Ori Technologies (AOT).SMARTShip, an Internet of Things (IoT) platform that enables the onboard operation of multiple systems with varying degrees of autonomy…
The Port of Oakland has reported that containerized export volume increased 4.2 percent in June 2019 compared to June 2018 totals. The Port said it handled the equivalent of 74,901 20-foot loaded export containers last month—compared to 71,894 in June 2018…
ABS and Mitsui O.S.K. Lines Ltd. (MOL) have signed a Memorandum of Understanding (MOU) to collaborate on up to 14 new gas carriers.The agreement covers seven new-build Very Large Ethane Carriers (VLEC) and up to seven new-build Liquefied Natural Gas Carriers (LNGC) designed to carry gas from the U…
C-Job Naval Architects will expand its business to the United States by opening a dedicated branch office in Houston, Texas this summer.Basjan Faber, CEO at C-Job, an independent ship design and engineering company in the Netherlands, said “At…
Hanseaticsoft GmbH a leading provider of innovative, cloud-based maritime software has launched a new app as the latest addition to its Cloud Fleet Manager - CFM Go - to make it easier and faster for customers to access relevant data about their fleet from their mobile phones…
The Baltic Exchange's main sea freight index hit a five-and-a-half-year high on Monday on the back of strong demand for capesize vessels shipping iron ore.The Baltic index, which tracks rates for ships ferrying dry bulk commodities, rose 3.4%…