The Corpus Christi Ship Channel is open to restricted operations following a record six-day closure caused by Hurricane Harvey. Harvey has left many Gulf Coast petroleum refining centers either completely shut down or with operations significantly scaled back…
South Korea’s largest ocean carrier Hyundai Merchant Marine (HMM) will invest USD 417.61 million in five new very large crude oil carriers (VLCCs), Reuters reported quoting company sources. 'HMM will invest 470 billion South Korean won (U…
Hong Kong-Listed China Merchants Port Holdings reported an 86% surge in first-half net profit, thanks to a one-off gain and higher volume handled by the company's ports. Net profit attributable to shareholders rose to HK$3.15 billion ($402…
The CMA CGM Theodore Roosevelt will be deployed on the South Atlantic Express (SAX) line, linking Asia East Cost to North America Cost through the Panama Canal, says a statement from the company. With transit times among the fastest in the market between Asia and North…
The Coast Guard Foundation, a nonprofit organization committed to the education and welfare of all Coast Guard members and their families, has activated its Disaster Relief and Response Fund to assist Coast Guard Members impacted by Hurricane Harvey…
YRC Worldwide Inc said on Thursday it resumed limited operations at its terminal in Houston, Texas. YRC Freight, a subsidiary of YRC Worldwide Inc, said on Wednesday it had closed terminals in Beaumont, Corpus Christi, and Houston, Texas due to Tropical Storm Harvey…
Load cells perform benchmark weighing as 10 ship-to-shore cranes were raised 10m by Shanghai Zhenhua Port Machinery Company (ZPMC) at Port of Los Angeles earlier this month. Sixteen 150-metric-ton capacity load cells provided by Lifting…
United Parcel Service Inc said on Thursday it resumed operations in Austin and some parts of Corpus Christi, Texas, that were halted due to Hurricane Harvey, though operations remained closed in the storm-battered Houston area.The company…
A keel-laying ceremony was held on August 28 at Damen Shipyards Sharjah for a new ASD Tug 2913 for Saqr Ports, part of Rash Al Khaimah (RAK) Ports. Damen will deliver the vessel to RAK Ports next year, in time for the opening of a new bulk terminal at Saqr Port…
Effective management of risk within the industry has improved slightly over the past 12 months, according to the third annual Shipping Risk Survey from international accountant and shipping adviser Moore Stephens. But shipping still needs to up its game in terms of managing its exposure to risk…
Classification society ClassNK said it has released the second version of its Guidelines for Exhaust Gas Cleaning Systems. Based on the first version Guidelines released in August 2014, the latest version includes the results of joint research and testing on actual Exhaust Gas Cleaning Systems…
Plan B Energy Storage (PBES) has announced Sven Thy Christensen has joined the firm to develop marine and power markets in the Mediterranean region. Christensen brings decades of experience of green solutions for ship efficiency, emissions reduction…
Styrk Bekkenes, President of Palfinger Marine, has stepped down from his position. “With the strengths that lie within the company, both in terms of personnel and products, Palfinger Marine is very well positioned to be the preferred supplier of cranes…
Samsung Heavy Industries (SHI) and Daewoo Shipbuilding & Marine Engineering (DSME) - two major shipyards in South Korea - are poised to sign a deal worth $1.5 billion to build container ships for Mediterranean Shipping Company (MSC), according to the Financial Times…
Despite the turbulent conditions seen in conventional markets, SCF Group has continued to demonstrate resilience whilst remaining able to position itself to take advantage of the future upswing in these markets when it comes. The first…