The Port of Antwerp-Bruges reported 'stable' results for 2022 amid a challenging year fraught with geopolitical tensions, energy crisis and ongoing supply chain disruptions, in addition to various commodity flow shifts that put considerable sustained pressure on the container segment…
As container shipping demand continues to fall into the New Year, Xeneta Chief Analyst Peter Sand weigh in with his insights on the pace and direction of spot and contract rates; the likelihood of ship lay-ups and scrapping in 2023; plus the…
Brazilian oil workers union FUP said on Wednesday that intelligence staff at state-run Petrobras are aware of a potential plan to invade its Transpetro terminal located in the Maceio port in northeast Brazil.The threat comes as Brazil braces…
Chilean authorities said on Wednesday they were investigating a violent heist in Chile's main seaport where thieves stole several shipping containers filled with copper belonging to state-owned giant Codelco.Juan Carlos Catalan, the local prosecutor…
Galveston, Texas based dredging and marine construction company Callan Marine announced it has hired Marc Broussard as its new director of business development. The 25-year veteran brings to the role sales and marketing expertise in the maritime and energy sector…
Top U.S. gas exporter, Freeport LNG, is expected to further extend the seven-month-long outage of its liquefied natural gas (LNG) export plant in Texas to February, as it awaits regulatory approvals, three sources told Reuters on Wednesday.Accounting for 20% of U…
The Dutra Group has named Harry K. Stewart as its Chief Executive Officer. Stewart, who previously held the position of Chief Operating Officer at Dutra, assumes his new role as the company celebrates its 50th anniversary. Bill T. Dutra, who led the company since its founding…
Weak economic activity, a 10.5% increase in domestic coal mining, and a recovery in coal imports from Mongolia via rail alleviated coal shipments to China in 2022. However, the end of China’s zero Covid policy and an anticipated recovery of…
Austal USA Vice President of Engineering, Tom Perrine, has retired after eight years of service with the company and over 40 years in the shipbuilding industry. During his tenure, Perrine led Austal USA’s engineering department overseeing the work of over 250 engineers…
Danish shipping giant A.P. Moller - Maersk on Tuesday announced a new organizational structure and a new executive leadership team.The changes are effective February 1, 2023 and follow the appointment of Vincent Clerc as CEO of A.P. Moller - Maersk effective January 1…
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…