Snam has finalized the 400 million euro acquisition of a new floating liquefied natural gas (LNG) terminal that will be located offshore from the city of Ravenna, the Italian gas grid operator said on Monday.The new ship dubbed BW Singapore has a storage capacity of about 170…
Austal USA Advanced Technologies is working with the US Navy on technical solutions that will power the next-gen of navy assets. Don Hairston recently took the helm of the AAT team, and discusses how additive manufacturing and artificial intelligence are powering the future of naval asset design…
A fleet of 33 new human-operated, zero-emissions battery-electric yard tractors were unveiled last week at a Port of Long Beach container terminal where the cargo-handling machines have replaced traditional gasoline and diesel-powered models…
Babcock International Group (Babcock) appointed Paul Armstrong to lead its marine sector, delivering a number of critical UK and international defence programmes, including the UK’s Type 31 frigates for the Royal Navy.With a career that started in shipbuilding in Barrow-in-Furness…
METIS Cyberspace Technology appointed Panos Theodossopoulos as its new Chief Executive Officer.Theodossopoulos has considerable experience in leadership roles in the ICT and maritime sectors. In recent years, he has specialized in maritime digitalization…
AD Ports Group and the Vietnam Maritime Administration (VINAMARINE), have signed a memorandum of understanding (MoU) to bolster commercial opportunities across various sectors, including ports, logistics, digital solutions, economic cities, free zones…
Egypt's Suez Canal economic zone and Scatec ASA have signed a memorandum of understanding (MoU) worth $1.1 billion to supply ships with green fuel, a Suez Canal statement said on Sunday.The MoU agreed on the sidelines of the COP28 conference held in Dubai envisages production of 100…
Angad Banga of the Caravel Group was elected as new Chairman of the Hong Kong Shipowners Association (HKSOA). He succeeded Wellington Koo, of Valles Steamship Co., Ltd, who stepped down after completing his two-year term as Chairman of the HKSOA…
Speaking after the November 30 OPEC+ meeting, Ann-Louise Hittle, vice president, Macro Oils, at Wood Mackenzie, said: “The decision by OPEC+ to continue with its previously announced production cuts and Saudi/Russia to extend their voluntary production cuts to the end of Q1 2024 is not a surprise…
PSA Breakbulk in the Port of Antwerp-Bruges has become the first shipping terminal in Belgium to control visitors’ access to its facilities through biometric facial recognition.PSA Breakbulk installed the new technology, provided by the Ghent-based startup NineID…
As risks of cargo diversion to the detriment of EU ports are becoming more and more real with the upcoming entry into force at the beginning of 2024 of EU ETS for shipping, local organizations are voicing their concerns.The Federation of European Port Companies and Private Terminals (FEPORT)…
Cosmos Van Oord, a joint venture (JV) of Cosmos Shipping and Van Oord, has been awarded a dredging project at Port of Burgas, the biggest port in Bulgaria.The project is part of the construction of a new deep-water berth at terminal Burgas-West in the Port of Burgas…
Russia's Novorossiisk port resumed oil loadings after a severe storm on Thursday, two sources familiar with the port's operations told Reuters.The loadings started as the weather conditions improved after the storm had suspended exports since last week…
A dredge building boom that has been underway in the United States for several years is still going strong as the market remains highly completive for solid project workloads in both the public and private sectors.According The Mike Hooks Report…
Latest data from Xeneta suggests 2024 could be even more brutal than expected for carriers in the ocean freight shipping market, as the Xeneta Shipping Index (XSI), which tracks real-time developments in global long-term contracted rates, today stands at 158…