Exports and transit of oil through Russia's western ports rose by around 150,000 barrels per day (bpd), or about 9%, in the first two weeks of May versus April, according to data from traders, LSEG and Reuters calculations.Ongoing drone attacks…
Cocoa futures on ICE fell to two-week lows on Monday, extending last week's losses after retreating from a 3-1/2-month peak, while raw sugar prices also declined.COCOA* London cocoa was down 6.2% at 2,845 pounds a metric ton at 1542 GMT, after having hit its lowest since May 5 at 2…
As the maritime industry faces rising pressures, from workforce shortages to evolving safety expectations and the drive for long‑term sustainability, diversity has become an essential pillar of progress. This is especially true in the ongoing…
Wilson Sons, a port and shipping logistics operator with over 188 years of experience, plans to expand the Rio Grande Container Terminal (located in Rio Grande do Sul) by making investments exceeding USD$218 million (R$1.1 billion) in port infrastructure by 2030…
Cavotec has launched PowerAccESS, a modular and mobile battery Energy Storage System (ESS) designed to support the electrification of port crane operations.Developed for demanding and evolving port environments, PowerAccESS provides zero-emission…
Ship managers are facing increasing litigation risks that are linked to inherited ship conditions, highlighted after a recent incident in which claims exceeding $2.5 million were brought against a ship manager after taking over a defective ship…
The Zero Emissions Ship Technology Association (ZESTAs) launched the Global Liquid Hydrogen Alliance (Alliance), a new international platform dedicated to advancing pure green hydrogen and liquid hydrogen (LH2) as a deployable, scalable, and…
Shipping giants CMA CGM and Hapag-Lloyd said on Sunday they had suspended all bookings to and from Cuba until further notice, with both citing a U.S. executive order issued on May 1, in the latest blow to the crisis-wracked island's economy…
The new UFC23 sensor combines improved resolution and offset stability with ultra-low standby current, enabling high-end battery-powered water, heat, gas and leak detection meter designs across a wide range of smart metering applications.ScioSense…
ABS issued approval in principle (AIP) to Samsung Heavy Industries (SHI) for its design of a 50-megawatt floating data center.SHI’s design utilizes a standardized shipbuilding process, integrating design, manufacturing, and equipment installation concurrently to optimize efficiency…
U.S. import prices surged in April, with the cost of fuels posting the largest increase in four years, another indication that the U.S.-backed war with Iran was boosting inflation.Import prices increased 1.9% last month after an upwardly revised 0…
Inmarsat Maritime, a Viasat company, has worked with its Argentinian partner Ingenieros Electrónicos Asociados (IEA) to implement NexusWave for Glaciar Pesquera to support the fishing company’s fleetwide targets to achieve greater operational efficiency and enhanced crew welfare…
The Baltic Exchange's dry bulk freight index, which tracks rates for ships carrying dry bulk commodities, rose on Wednesday as all vessel segments posted higher rates.The main Baltic index, which tracks rates for capesize, panamax and supramax vessels…
As European and international shipping emissions rules continue to expand, maritime technology companies Awake.Al and Tidalis have announced a partnership focused on emissions monitoring and reporting for ports and shipping companies. The collaboration…
Konecranes has received an order from Westcon Helgeland, a Norwegian provider of ship repair, rig maintenance and equipment fabrication for the oil industry, for two double girder overhead cranes at its new production facility in Nesna, Norway…