As digitalization in the maritime sector gains speed, the American Bureau of Shipping (ABS) has launched a new maritime software as a service (SaaS) company called ABS Wavesight, to effectively consolidate all digital products under one roof…
Shipping company Maersk said on Tuesday it would discontinue a blockchain platform announced in 2018 in partnership with IBM with the aim of limiting the industry's costly paper trail.The platform called TradeLens will be phased out by the end of March next year…
Brazil's Paranagua port authority said on Tuesday that landslides caused by heavy rainfall blocked road and rail access to the port, the second busiest for grain exports in the country.In a statement, the authority said other port operations…
Long-term ocean freight rates suffered a steep month-on-month decline in November as subdued spot prices, weak demand, and ongoing economic uncertainty caught up with contracted container agreements. The latest data from the Xeneta Shipping Index (XSI) indicates that global rates fell by 5…
As demand grows for liquefied natural gas in Europe in the wake of the war in Ukraine, Greece has relied heavily on its sole LNG terminal off Athens to replace Russian gas imports.Now it is looking to build new floating storage and regasification units (FSRUs) that could be operational by 2024…
Shoreham Port tenant Local Fuel Ltd is sponsoring a Seabin to help collect litter within the port's canal.The Local Fuel Seabin is one of 860 Seabins across the globe installed to collect plastics and litter from their marine environments. Created by the Seabin Project…
Furetank has been granted state and EU climate investment support for installing shore power connection on a tanker currently in production.The funding will be provided by Klimatklivet, an initiative by the The Swedish Environmental Protection Agency and NextGenerationEU…
UAB-Online, creator of a digital platform for optimizing liquid bulk shipping, said it is offering a freemium model for deep sea and inland terminals to give operators rapid access to its software-as-a-service (SaaS) platform.With the freemium model…
The pace of global shipping activity is set to lose steam next year as economic turmoil, conflict in Ukraine and the impact of the pandemic weaken the outlook for trade, U.N. agency UNCTAD said on Tuesday. The world's largest investment banks expect global economic growth to slow further in 2023…
The clean alternative energy source for various port applicationsThe maritime industry is under pressure from federal regulations and communities when it comes to emissions and environmental impact. While maintaining productivity levels, port…
CMA CGM said it expects a pullback in shipping markets to accelerate in the fourth quarter due to high energy prices and flagging consumer spending, and this will reduce its profitability following an earnings surge in the past year.French-based CMA CGM…
Protesters from a fishing community blocked attempts by India's Adani Group to restart work on a $900 million transhipment port in south India, a company spokesperson said on Saturday, prolonging a deadlock that has stalled the port's development…
Spanish gas grid operator Enagas said on Friday a backlog at its terminals that had forced it to warn it could reject deliveries of liquefied natural gas (LNG) had eased.On October 17, Enagas had issued a special situation notice due to unexpectedly…
The Port of Rotterdam on Monday said it will help develop a 14,000 square metre factory for Battolyser Systems, a company that designs combined battery and green hydrogen production machines.Financial terms were not disclosed.The port, which…
APM Terminals Valencia this month laid the foundation stone of a new 2,145 square meter maintenance workshop on the Levante quay.According to APM Terminals, the new workshop will enable the terminal to support increasing volumes and combine…