Norwegian/Swedish RoRo shipping company Wallenius Wilhelmsen's new president and CEO, Lasse Kristoffersen, took up his new position June 1.Named to the role in November, Kristoffersen joins Wallenius Wilhelmsen ASA from Torvald Klaveness, where he has worked for the past 15 years…
Global port congestion is set to continue until at least early 2023 and keep spot freight rates elevated, logistics executives said on Wednesday, urging charterers to switch to long-term contracts to manage shipping costs.The COVID-19 outbreak has lengthened ship delivery times since 2020…
Great Lakes-St. Lawrence Seaway ships carried an estimated 149 million metric tons of cargo to and from domestic ports, and to overseas markets during the 2021 shipping season — an increase of 7% over pandemic-stricken 2020, a new report from the Chamber of Marine Commerce shows…
Alfa Laval signed an agreement to acquire marine tank cleaning equipment supplier Scanjet.Scanjet has expanded from fixed and portable tank cleaning equipment into intelligent tank management, and its solutions and organization will become part of Alfa Laval per an agreement signed on 16 June 2022…
Global Ports Holding PLC, the world's largest cruise port operator, said on Wednesday it had received an approach about a potential cash offer from Swiss-based MSC Mediterranean Shipping Company.Shares of the London-listed company closed up…
Sudan recently signed a memorandum of understanding (MOU) with the United Arab Emirates for a large agricultural project linked by a road to a new port to be built on the Red Sea, the Sudanese Finance Minister said on Wednesday.The two sides were now working on the details of the project…
Montréal-based marine logistics company LOGISTEC Corporation announces it has appointed Dany Trudel, CPA, auditor, as Vice-President and Corporate Controller, as of May 9. He succeeds Carl Delisle, CPA, auditor, who is now the Chief Financial Officer…
All 21 ship-to-shore cranes at Panama’s Manzanillo International Terminal will be equipped with ABB Crane OCR technology, including container feature recognition capabilities. Building on the long-term relationship between ABB and SSA Marine…
America’s marine economy contributed about $361 billion of the nation’s gross domestic product in 2020. That is according to the most current results of the annual Marine Economy Satellite Account released today by two Department of Commerce agencies…
The European cruise company, Costa Group, with its Costa Cruises and AIDA Cruises brands, which is part of Carnival Corporation, has created a dedicated decarbonization department within its Carnival Maritime unit based in Hamburg, Germany.The…
Lloyd’s Register granted Approval in Principle (AIP) for an SDARI (Shanghai Merchant Ship Design and Research Institute) designed 210,000 DWT Newcastlemax bulk carrier installed with Anemoi Rotor Sails.The Newcastlemax AIP is part of a joint…
Wärtsilä Voyage acquired PortLink Global, a global port solutions company headquartered in Vancouver, Canada. The move is intended to speed Wärtsilä Voyage along its path towards creating an end-to-end connected maritime ecosystem.The transaction was signed and closed in June 2022…
JDR Cable Systems (JDR) reached final agreement under the UK government’s Offshore Wind Manufacturing Scheme (OWMIS) on financial support for its new subsea cable manufacturing facility in Cambois, near Blyth, Northumberland.The agreement means JDR is on track to begin construction in summer 2022…
SpaceX and ABS signed a joint development project (JDP) to review the remotely controlled functions of autonomous rocket recovery droneships used for booster rocket recovery at sea.The rocket recovery droneships are modified to include an expanded deck to increase the size of the landing platform…
The union and employers negotiating the contract for more than 22,000 port laborers on the U.S. West Coast on Tuesday said they are committed to reaching a deal and are not planning any work stoppages or lockouts that would worsen supply chain logjams…