“Many global financial institutions have committed to bringing their portfolios in line with the transition to a low-carbon economy. To fully achieve this, they must address the climate risks to hundreds of billions of dollars in shipping investments that will emerge as soon as 2023…
Florida International Terminal (FIT), the SAAM-operated terminal in Port Everglades-Fort Lauderdale (U.S.), welcomed the Maersk Winnipeg, marking the first call by the new Sealand SAE service.The service is a weekly route between South Florida…
South Carolina Ports Authority reported its strongest October on record, with 184,804 twenty-foot equivalent container units (TEUs) handled last month.Fiscal year-to-date TEU volume is up 5 percent, with 724,799 TEUs handled since the Port's fiscal year began in July…
At the Europort 2017 exhibition in Rotterdam, Damen Shipyards Group and Belgian ferry operator Aqualiner signed a contract for the delivery of three more Damen Waterbus 2407 vessels, for operations on the Scheldt in Antwerp. At the signing were Gerbrand Schutten (CEO Aqualiner)…
Spain's Gondan was tapped to build a tug designed by Robert Allan Ltd for the Port of Luleå (Sweden). Gondan’s new contract with Port of Luleå (Sweden) specifies a new hybrid-powered icebreaking escort tug -- a RAL TundRA 3600-H class icebreaking design…
Shell Trading (US) Company announced it has finalized a long-term charter agreement with Q-LNG Transport, LLC for an LNG bunker barge with the capacity to carry 4,000 cubic meters of LNG fuel. As the first of its kind to be based in the United States…
South Korean shipbuilder Samsung Heavy Industries (SHI) said that net profit for the third quarter of 2017 was down 81.8% year on year to KRW23.4 billion (USD20.44 million), mainly due to deliveries of low-priced vessels and a decrease in orders…
A delegation from the Chinese Ministry of Industry is visiting Denmark as part of the cooperation between the two Administrations. A Danish-Chinese workshop on energy efficient ship design and marine equipment will be held during the three-day visit…
The move to LNG as fuel in the maritime sector picks up steam, as CMA CGM announced plans to outfit nine of its new 22,000 TEU containerships with LNG fueled engines. A trend that started in the United States is spreading to the world, as…
Carboline released Thermo-Sorb 263 and Thermo-Sorb E, VOC compliant intumescent coatings to provide a durable and decorative, fast drying fire protection solution for commercial and light industrial applications.Thermo-Sorb 263 provides up…
There are “solid signs” of restrained fleet expansion, matching world seaborne trade growth more closely, although not in all sectors. This was the message delivered by Richard Scott MA MCIT FICS, managing director of Bulk Shipping Analysis…
Wilhelmsen is exploring concrete ways of leveraging their data on DNV GL’s Veracity industry platform. In one of the first data sharing pilot projects on the new open platform, Wilhelmsen is testing a system to share ship compliance and condition…
Shipments of iron ore on the Great Lakes and St. Lawrence Seaway totaled 6.5 million tons in September, an increase of 23.4 percent compared to a year ago, the Lake Carriers' Association (LCA) said. Shipments also bettered the month’s 5-year average by 8…
Global trade enabler DP World will develop a greenfield economic free zone in Somaliland to complement the development of the Port of Berbera, which has seen record container volumes under DP World management.DP World Group Chairman and CEO…
Scorpio Bulkers, announced that it has entered into two separate agreements with unaffiliated third parties to acquire three Ultramax dry bulk vessels and one Kamsarmax dry bulk vessel. The deal was for an aggregate of $90 million, of which $77…