On 28 October, the maritime leaders of tomorrow - World Maritime University (WMU) class of 2023 - graduated. The WMU 2023 graduating class includes 283 graduates from 71 countries, including a record of 99 women graduates.WMU President, Professor Maximo Q…
The union representing St. Lawrence Seaway workers in eastern Canada said it reached a tentative labor agreement on Sunday, ending a week-long strike that shut down a key North American trade route linked to the Atlantic Ocean.The Unifor union…
Global container ship fleet is showing its age, reaching highest average age on record of 14.2 years.“Container ships have reached their highest average age yet at 14.2 years, the highest average age of the three main shipping sectors. The dry bulk fleet has an average age of 11…
International Container Transhipment Terminal (ICTT) operated by DP World at Cochin, announced the arrival of four new electric rubber tired gantry (RTG) cranes at its terminal on October 17. The cranes arrived on the vessel Pietersgracht.This…
Throughput at Antwerp-Bruges port fell in the first nine months of 2023 as geopolitical and economic instability hit demand for container traffic and steel volumes dropped, the port said on Tuesday.Global port congestion after the COVID-19 pandemic…
Shipping and energy logistics company Crowley said Tuesday it is proceeding with plans to provide liquefied natural gas (LNG) bunkering services on the Pacific side of the Panama Canal, under the first permit issued by the Panama Maritime Authority (AMP) for the provision of such services…
Sturgeon Bay, Wis. shipbuilder Fincantieri Bay Shipbuilding (FBS) held a christening ceremony for recently constructed liquefied natural gas (LNG) bunker barge Clean Everglades.The vessel is the sister ship to the LNG barge, Clean Canaveral…
Russian nuclear agency Rosatom said on Tuesday it has set up a joint venture with Dubai's DP World to develop container shipping through the Arctic as part of an initiative heavily promoted by President Vladimir Putin.The deal with one of the…
A strike in Canada's St. Lawrence Seaway entered its second day on Monday after workers walked off over a wage dispute, shutting down an important maritime trade route linking the Great Lakes to Montreal port and impacting about 115 vessels…
Supply chains around the world could be at serious risk amid expected increases in the cost of ocean freight shipping during 2024.Oslo-based Xeneta has carried out in-depth analysis of the latest ocean freight rates and branded the current market as unsustainable…
Agricultural producers in Ukraine say a new Black Sea corridor could enable exports of up to 2.5 million metric tons of food a month, almost offsetting the impact of Russia's decision to quit a U.N.-brokered deal to allow grain shipments through the region…
Tanzania on Sunday signed agreements with Dubai state-owned ports operator DP World to operate part of the Dar es Salaam port for 30 years, a deal that has previously been opposed by Tanzania opposition and rights groups.Plasduce Mbossa, director…
Australia said a security review of a 99-year lease held by Chinese company Landbridge on the northern port of Darwin, a key focus of its defense strategy, found it was 'not necessary to vary or cancel the lease'.In a statement, the prime minister's…
The Israel-Hamas war has raised the spectre of a wider regional conflict which could embroil Iran and other regional factions.Analysts and market observers say the conflict could prompt the United States to tighten sanctions on Iran, which may…
Cavotec reports it has signed a contract with one of the world’s largest shipping lines to supply shore power equipment for newbuild containerships.The €6.65 million order is for Cavotec’s PowerFit units, which are complete containerized solutions…