Joined by Connecticut Governor Dannel Malloy at New London’s City Pier, the Connecticut Port Authority (CPA) announced a $15 million investment for infrastructure improvements at State Pier.These funds will revitalize the pier, maximizing its potential as a driver of regional economic growth…
The Canaveral Harbor and Canaveral Sand Bypass projects will receive priority funding in the U.S. Army Corps of Engineers Fiscal Year 2018 Workplan. The Corps has allocated $14.76 million to the Canaveral Harbor Sand Bypass project and $1.47…
On Saturday, June 9, the captain and crew of the Wallem-managed vessel the bulk carrier KSL Seoul rescued six fishermen after their boat was involved in an accident and subsequently capsized.The KSL Seoul was passing through the Mindoro Strait…
The Port of Los Angeles processed 768,804 Twenty-Foot Equivalent Units (TEUs) in May, a dip of 3.4 percent compared to last May’s record of 796,216 TEUs.'Volumes have softened due to continued shuffling of alliance services in the San Pedro Bay…
President and CEO of the Port of Cleveland, William D. Friedman, was elected chairman of the Green Marine’s Board of Directors following the corporation’s Annual General Meeting on May 31, during GreenTech 2018, in Vancouver B.C. Friedman has been sitting on the Green Marine Board since 2013…
Singapore marine fuel sales climbed to a four-month high of 4.283 million tonnes in May, up 1.2 percent from the previous month and 2.5 percent higher compared with a year ago, data from the Maritime and Port Authority of Singapore (MPA) showed on Wednesday…
Tanker company Euronav NV announced that it has sold the Suezmax Cap Jean (1998 – 146,643 dwt) for USD 10.6 million. The vessel was delivered to her new owners on June 8th. The Company will record a capital gain of approximately USD 10…
Navios Maritime Partners, an international owner and operator of container and dry bulk vessels, announced today that it took delivery of the Navios Altair I, a 2006-built, 74,475 dwt Panamax vessel on June 7, 2018. As previously announced…
European shipowners, represented by the European Community Shipowners’ Associations (ECSA), express their deepest concerns about recent developments on global bilateral trade relations. The result of the G7 meeting last weekend offered no improvement…
Global trade by sea is dependent on the interconnection between ships, ports and people - and everyone needs to be involved, from port operators, to regulators, to maritime security experts and innovators in technology. The theme of mutual…
For the next long-term EU budget 2021-2027, the Commission is proposing EUR 6.14 billion under a simpler, more flexible fund for European fisheries and the maritime economy. The new European Maritime and Fisheries Fund will continue to…
Talks on new prices for truck freight in Brazil, following a nationwide truckers strike in May, have yet to be concluded and the lack of a deal is hurting goods transportation, Brazil's Agriculture Minister Blairo Maggi said on Tuesday.Maggi…
Shipments of iron ore on the Great Lakes and St. Lawrence Seaway totaled 6.3 million tons in May, an increase of 3.1 percent compared to a year ago, and just about on par with the month’s 5-year average, the Lake Carriers' Association (LCA) said…
Australian power producer AGL Energy said on Tuesday it has signed two agreements for its planned liquefied natural gas (LNG) import terminal at Crib Point in the southeastern state of Victoria.The first is with pipeline firm APA Group to develop and construct the Crib Point Pakenham pipeline…
Major miner Rio Tinto named Jacob Stausholm, formerly CFO of Danish shipping company A.P. Moller-Maersk, to replace outgoing financial boss Chris Lynch when he retires in September, the Anglo-Australian mining company said on Tuesday.Lynch’s retirement was announced last September…