The Saudi Ports Authority (Mawani) on Tuesday announced the laying of the foundation stone for upgrading and developing two container terminals at King Abdulaziz Port in Dammam under the Build-Operate-Transfer (BOT) concession signed with Saudi Global Ports (SGP) valued at over 7 billion riyals ($1…
U.S. imports of goods in ocean shipping containers in December fell to levels approaching those last seen before the COVID-19 pandemic, a new report said on Tuesday.Demand for kitchen appliances, furniture, big-screen TVs, apparel and other…
Knut Ørbeck-Nilssen, CEO Maritime, DNV, says that while progress towards industry decarbonization should be applauded, it must be accelerated. Shipping needs to work together, in tandem with other sectors and stakeholders, if we’re to stand a hope of reaching our most ambitious…
Bulk materials supplier Blue Water Industries has entered into an agreement with Port Canaveral terminal operator Ambassador Services International (ASI) to import between 400,000 to 800,000 metric tons annually of various sized aggregate through Port Canaveral…
Declining world supply chain pressures are being challenged by new disruptions in China tied to the coronavirus pandemic, the New York Federal Reserve reported on Friday.The regional Fed bank's December Global Supply Chain Pressure Index ticked down to 1…
Costs for hiring ships to transport commodities from the Black Sea have risen by more than a fifth since the start of the year, reflecting higher war risk insurance rates, industry sources said.The Black Sea is crucial for the shipment of grain…
In his annual New Years' address to employees, NYK President Hitoshi Nagasawa warned that while markets, particularly the containershipping market, will be more challenging in 2023 compared to the past two years, overall the group has 'long anticipated that the strong tailwind would not last long…
German logistics firm HHLA and Cosco are close to finalizing an agreement for the Chinese shipping giant to take a stake in a terminal at Hamburg's port, HHLA said on Friday.'We can confirm that... it has been possible to agree on concrete conditions…
The increasing need to secure energy supplies after easing COVID-19 restrictions has pushed China to gradually resume Australian coal imports and urge domestic miners to boost their already record output.The lifting of the unofficial ban on Australian coal imports…
The International Maritime Organization (IMO) has adopted a U.S. proposal to increase protections for endangered blue, fin and humpback whales off the California coast. The proposal takes effect this summer and expands areas that vessels should avoid to give whales more space…
A shipping channel snafu is slowing Chevron Corp’s efforts to load tankers at one of its four Venezuelan joint ventures and bring heavy crude to the United States, three people familiar with the matter said on Wednesday.Washington in November authorized the last major U…
French-based shipping group CMA CGM has completed its withdrawal from the Russian market by divesting stakes in terminals through an asset swap, the company said.“With this finalized transaction and the decision to suspend all new bookings to and from Russia since March 1st…
As part of its standard superyacht industry recruitment service, Quay Crew has partnered with CrewPass to include criminal background checks for crew and yachting professionals. Owners, yachts, management companies and the wider yachting sector…
Last week, Liebherr-MCCtec Rostock GmbH delivered a new LHM 800 High Rise mobile harbor crane to its customer Port Esbjerg.The delivery took place shortly after an incident in the Kiel Canal, in which an LHM 600 ordered by Port Esbjerg was damaged while passing under the Holtenau High Bridge…
ClassNK issued an Approval in Principle (AiP) for an ammonia floating storage and regasification barge (A-FSRB) jointly developed by NYK Line, Nihon Shipyard Co., Ltd. (NSY), and IHI Corporation (IHI), reportedly the world's first AiP for A-FSRBs handling ammonia as cargo…