Pangaea Logistics Solutions, a global provider of comprehensive maritime logistics solutions, announced that it has signed a memorandum of agreement to acquire the 2006 Imabari-built panamax M/V Madeleine for $14.2M to enhance the company's bulk fleet…
Westwell recently developed a driverless container truck, introduced in China's Zhuhai Port, in January. Adopting the latest artificial intelligence applications, it is a self-driving vehicle in a port environment. Artificial intelligence is changing the world of container shipping…
The lineup of vessels to load sugar in Brazil currently is around 60 percent smaller than seen in the same period a year earlier because of lower output and tepid foreign demand, midway through the first month of the country's new cane crop…
The United Nations shipping agency reached an agreement on Friday to cut carbon emissions, following years of slow progress. The compromise plan, which will cut emissions by at least 50 percent by 2050 compared with 2008 levels, fell short of more ambitious targets…
Moscow tightened its grip on Russia's biggest port operator on Friday, making a government official chairman and ousting representatives of the only private shareholder from the board.The changes follow the arrest last month on organized crime and embezzlement charges of Ziyavudin Magomedov…
Norddeutsche Reederei said it will begin installing Navarino’s Infinity Cube solution across its fleet of 50 vessels.The company has a fleet consisting mostly of modern container vessels which trade worldwide.Christian Mix, Norddeutsche Reederei’s IT Marine System Administrator…
U.S. shipbuilder Vigor has hired Richard McCreary as VP of Business Development and Bill Blount as International Business Development Manager. As VP of Business Development, McCreary will lead Vigor’s growing government programs in ship repair and fabrication…
The Georgia Ports Authority achieved 14 percent growth in March container volumes, moving 355,208 Twenty-foot Equivalent Unit containers. For the fiscal year to date (July-March), TEU container trade grew by 9 percent, or 255,786 additional units for a total of 3…
APL 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 coverage of the shortsea service that links South China and the Philippines…
Teekay Tankers Ltd. has launched a vessel dashboard portal called The Helm that is designed to give pool partners a transparent, real-time direct link to commercial, technical and market data pertaining to their vessels.For Teekay Tankers CEO…
Danish bunker and tanker group Monjasa Group improved profitability in our operations and we continued making progress in optimising operational expenditures in 2017. Together, this led to a financial turnaround compared to an unsatisfactory 2016…
Malaysian-owned global shipping company specialising in the ocean transport of crude oil and refined products AET Tankers and Shell International Trading and Shipping Company formalised arrangements for the long-term charter of AET’s two…
The Port of Long Beach has completed its best-ever first quarter, with marine terminals handling almost 1.9 million twenty-foot equivalent units (TEUs) January through March. The quick start is 19.4 percent more than the first quarter of 2017…
The JSC Aston, one of Russia's largest producers of foodstuffs and ingredients, and is a leading exporter of agricultural goods and vegetable oils, has signed the contracts with two Chinese shipyards for a construction of 4 ships. Addressing…
Orient Overseas International (OOI) has announced a profit attributable to equity holders for 2017 of US$137.7 million, compared to a loss of US$219.2 million in 2016. Earnings per ordinary share in 2017 was US22.0 cents, whereas loss per ordinary share in 2016 was US35…