Stephen Wang is counting the costs of President Donald Trump's trade war. He had to put down 12 times more cash as a guarantee to U.S. customs that he would pay the bill for tariffs on the Chinese-made pumps, valves and motors he imports.The cost of the guarantee - a U…
Canada's Port of Prince Rupert, and DP World Prince Rupert announced a new weekly marine carrier service at the Fairview Container Terminal.ZIM Integrated Shipping Services (ZIM) partnered with the 2M Alliance and has added Prince Rupert as one of their port destinations…
Teekay LNG Partners L.P. signed a full fleet partnership with the New York-based startup, Nautilus Labs, to enhance the efficiency of its gas vessels. Nautilus Labs’ platform is designed to unify fleet data and leverages machine learning to optimize vessel performance…
Christina Bolling has been named Vice President and Chief Administrative Officer (CAO) of DSC Dredge, LLC.She was promoted after serving five years as DSC Dredge Corporate Human Resources Director for DSC headquarters and two production facilities in Greenbush…
Four tankers on Thursday were preparing to offload or pick up cargoes in the busiest U.S. oil port, the first signs of an easing of the bottleneck that cut 1 million barrels per day of shipments, according to vessel tracking data.The Houston…
Small yet significant rises in European import and export activity, combined with increased Far East imports and continued growth in US exports has fuelled a moderate improvement in long-term global container rates in March. The trend, identified in the latest XSI Public Indices report from Xeneta…
There’s more to a global network than satellite links, and yet sat-linked remote operations experts can heap huge scientific and technological gains on the world. That’s what’s happening in the background — a smallish network of the best scientists…
Crowley Logistics named LaSonya Hill, vice president, customer care.Hill, previously director of customer care, will continue to be based at the company headquarters in Jacksonville, Fla., and will report to Frank Larkin, senior vice president…
Russian President Vladimir Putin ordered an allocation of budget funds in 2021-2022 for the construction of the Utrenny liquefied natural gas (LNG) terminal in the Russian port of Sabetta on the Northern Sea route, the Kremlin said on its website…
MacGregor, part of Cargotec, has received orders to provide linkspans, cruise access equipment and RoRo solutions for pure car truck carriers (PCTC) from Europe and Japan. The total order value is approximately $21 million. The orders were booked into Cargotec's first quarter 2019 order intake…
Sameer Kalra has passed the helm of pumping system manufacturer Framo over to new CEO Martijn Bergink.Bergink will be based in Bergen, Norway. Formerly President of Business Unit Boiler and Gas System at Alfa Laval, he has held various positions within Alfa Laval since 1998…
Transnet National Ports Authority (TNPA) welcomed a high-level delegation from the Miami-Dade County in the United States for a tour of South Africa’s second busiest port, the Port of Cape Town, on Tuesday, March 26, 2019. The visit formed…
KVH introduced the TracPhone V11-HTS, and antenna that the company dubs 'the world’s fastest' 1 meter Ku/C-band maritime VSAT antenna.The V11-HTS is designed to deliver data speeds as fast as 20 Mbps down/3 Mbps, supporting the upward trend…
Containerships plc’s board of directors announced that its Chief Executive Officer, Kari-Pekka Laaksonen, has resigned. The board of directors of Containerships plc plans to meet tomorrow to discuss a successor.CMA CGM Group will propose to the board of directors to appoint Claude Lebel…
Hugo De Stoop, currently CFO at Euronav NV, is the choice to succeed Paddy Rodgers as CEO of the company. The company expects the transitiion to be complte in the second quarter of 2019.