Maritime cyber security specialist Naval Dome has signed a contract with Piraeus-based Stamco Ship Management to install its maritime cyber defense system aboard 55 Pure Car and Truck Carriers (PCTC).Stamco Ship Management provides technical…
The European Union is seeking compensation from the United States for U.S. tariffs on steel and aluminium, despite Washington's assertion that they are not subject to World Trade Organization rules, a WTO filing showed on Monday. In a step already taken by China…
MINSHIP Shipmanagement, based in southern Germany, has chosen DNV GL’s ShipManager fleet management software solution for its fleet of dry cargo vessels.MINSHIP is optimizing processes as they are managing a growing fleet. A key part of the…
TRAC Intermodal has joined the Blockchain in Transportation Alliance (BiTA), an organization for the development of blockchain standards and education for the transportation industry, with the goal of bringing together leading companies that are committed to developing blockchain technology…
China aims to establish a free trade zone in Hainan by 2020 and will encourage multinationals to set up their international and regional headquarters in the province, state news agency Xinhua reported citing a government document.The guidance…
Japan and China agree that a trade war will have serious consequences for the world economy, Japanese Foreign Minister Taro Kono said on Monday after a high-level economic dialogue between the world's third- and second-largest economies.Concern…
China's most-active thermal coal futures jumped 2.9 percent on Monday, marking the biggest gain since August 2017, as concerns of tightening the import policy dampened outlook for foreign coal supplies ahead of summer.Coal futures prices ended…
The CMA CGM Group and Lekki Port LFTZ Enterprise (LPLE), the promoters of Lekki Deep Sea Port, announced the signing of a Memorandum of Agreement to operate Lekki Port’s future container terminal.Located in Nigeria, the future Lekki Deep Sea Port will be developed…
APL, one of the world’s leading ocean carriers, announced that its China Philippines Express 1 (CP1) service will be making additional calls at the Chinese port of Xiamen and Batangas in the Philippines. This development extends the market…
Danish shipping and logistics group DFDS has acquired Turkey’s largest operator of Ro-Ro freight ships and will be a major player in the strong and continuously growing trade between the EU and Turkey. U.N. Ro-Ro operates five routes connecting Italy and France with Turkey…
'The IMO has done something no one has done before: set an absolute target for emission reductions for an entire industry. It is a landmark achievement in the effort to reduce emissions, and something that every other industry should look to for inspiration…
Huntington Ingalls Industries announced today that Jon Arena has been named vice president and chief counsel of HII’s Newport News Shipbuilding division. He will succeed Jim Gildea, who retired on April 1. Arena will be a key member of the law department’s leadership team…
The Port of Los Angeles processed 577,865 Twenty-Foot Equivalent Units (TEUs) in March, a decrease of 27 percent compared to last March. The expected decline came after a record February when shippers moved cargo ahead of the Lunar New Year holiday celebrated in Asia…
Vroon shipping group has reached an in principle agreement with all its lenders regarding the terms of its financial restructuring. The agreement, which is only subject to final documentation and credit committee confirmation, is an important…
The International Maritime Organisation (IMO) has agreed on an initial strategy to decarbonise international shipping and reduce emissions from ships by at least 50% by 2050. While this agreement falls short of the 70 to 100% reductions by 2050 that the Pacific Islands…