Safetytech Accelerator, a non-profit established by Lloyd’s Register, has confirmed that UK maritime insurers, the UK P&I Club and TT Club, have signed up for its Cargo Fire & Loss Innovation Initiative (CFLII).The Initiative, launched in February 2023…
Malaysian authorities have lifted the suspension of live cattle and buffalo exports from Australia that was enacted due to concerns over lumpy skin disease (LSD).This follows the provision of technical information to the Malaysian authority demonstrating Australia’s freedom from LSD…
bp has entered its third long-term LNG offtake contract from the Woodfibre LNG facility based in British Columbia, Canada.With the additional contract to offtake 0.45 million tonnes of LNG per year (mtpa) for 15 years on a free on board (FOB) basis…
The International Association of Dredging Companies (IADC) has produced a new paper: “Sand as a resource: Best practices to conduct responsible dredging projects” was initiated and presented by its Sustainability Committee.According to the UN Environmental Programme (UNEP)…
APM Terminals Lazaro Cardenas has begun the construction of its Phase II $140 million expansion. This project will increase the capacity of the first semi-automated facility in Latin America with an additional one million TEUs and position it as a hub for the Americas region…
The Port of New Orleans was awarded $947,280 in recently announced Port Security Grant funding from the Federal Emergency Management Agency (FEMA) to support the expansion and enhancement of emergency services for Port NOLA’s maritime and industrial operations…
Russia's seaborne diesel and gasoil exports in August rose by 2% from a month earlier to about 3.85 million metric tons on healthy fuel production, data from traders and LSEG showed.Idle primary oil refining capacity for August was estimated at 3…
PSA Mumbai, one of the five container terminals operating at JNP, has set a record by handling 1,94,708 Twenty-foot equivalent units (TEU) in August 2023. This is the highest monthly container throughput ever handled by a single terminal in the entire JNP…
NAVTOR opened its 11th office with the arrival of NAVTOR Hellas. The Athens-based operation, situated at the Port of Piraeus, is an evolution of an existing, long-standing partnership with distributor Space Electronics. CEO Tor Svanes says the…
The transportation of CO2 is taking to the seas as emitters look for flexible ways to move captured carbon to offshore storage projects, with a fleet of 55 carriers required by 2030, according to Rystad Energy research.Based on planned carbon capture projects…
Voluntary near-miss reporting scheme CHIRP Maritime is celebrating its 20th anniversary by introducing a new port sector safety newsletter alongside its regular 'Maritime FEEDBACK' editions.“We are thrilled to announce the launch of a new series…
Despite Rome's scepticism, China's Foreign Minister Wang Yi said cooperation with Italy under the Beijing-led Belt and Road initiative had been fruitful, with high-quality Italian products having entered 'thousands of households' in China.'The…
Transatlantic shipping freight rates have come under pressure from slack demand, meaning ship operators must watch costs, the chief executive of Germany's Hapag-Lloyd said on Monday.'Rates have definitely collapsed, and that means we have to start looking at our costs…
Dubai-owned ports giant DP World is planning to issue its first 10-year U.S. dollar-denominated green sukuk following investor meetings on Sept. 4 and 5, a bank document showed on Monday.[Sukuk is the Arabic name for financial certificates, also referred to as 'sharia compliant' bonds…
U.S. exports of liquefied natural gas (LNG) fell in August as some processing plants reduced output and a heat wave increased gas demand for power, leaving less gas available for LNG production, according to vessel monitoring data and analysts…