President Joe Biden said U.S. actions to eliminate supply-chain snarls have staved off a pre-Christmas crisis, ahead of a meeting with U.S. officials and private-sector companies, including FedEx, on Wednesday.Biden created a task force in June…
Marine fuel supplier Minerva Bunkering announced it has launched a new marine fuels supply service in the Red Sea ports of Yanbu and Jeddah in the Kingdom of Saudi Arabia.'The Red Sea is one of the shipping industry's most important waterways…
Ocean freight costs are likely to remain high in 2022 as investors and regulators scramble to accelerate decarbonization of the shipping industry and companies grapple with green financing, sources say.Shipping, which transports about 90% of…
U.K.-based Horizon Technologies is teaming up with Richard Branson's launch and space solutions company Virgin Orbit, the companies announced on Tuesday.Horizon, which provides space-based maritime domain awareness through signals intelligence…
Container traffic at the Port of Rotterdam has reached a record level this year and is expected to be high again in 2022, Europe's largest sea port said on Wednesday.The port said that it had received 15 million containers this year up until Wednesday…
Shipping giants are heading for port, but not in the traditional sense. Companies like Denmark’s A.P. Moller-Maersk and Germany’s Hapag-Lloyd are riding a record valuation wave thanks to a year of sky-high container rates. Gobbling up land-based…
DSC Dredge and Deep Diggers Ltd announced the launch of a new 18-inch Shark Class dredge manufactured in Bangladesh.In 2019 U.S.-based cutter suction dredge manufacturer DSC Dredge signed a memorandum of understanding with Deep Diggers Ltd,…
Cavotec announced it has won two key orders for its motorized cable reel electrification systems for container cranes at major ports in China and the U.S. from crane manufacturer ZPMC. The total value of the two orders amounts to more than €1…
Container shipping giant Maersk on Wednesday agreed to buy Hong Kong-based LF Logistics for $3.6 billion in an all-cash deal, as it seeks to expand beyond its core ocean freight business.The deal is one of the group's largest takeovers to date…
Edouard Louis-Dreyfus, Louis Dreyfus Armateurs' chairman of the executive board, has decided, in agreement with the supervisory board chaired by Philippe Louis-Dreyfus, to adopt a new governance for the French shipping company effective January 1…
A veteran lawyer involved in every major Port of Oakland project over the last 13 years has been named Port Attorney. The port appointed Mary Richardson, effective December 31, 2021, to succeed Michele Heffes who’s retiring. This appointment was made during last Thursday's regular Board meeting…
The Emirates Classification Society (TASNEEF), an initiative of the UAE’s Ministry of Defense, announced it has been accepted as a member in the Association of Asian Classification Societies (ACS) following a detailed evaluation of its technical…
SeaTac Marine Services announced it has welcomed its first shipment of international lumber and wood products as a result of their recent U.S. Customs and Border Protection FIRMS code approval.Nearly 1,600 short ton of wood products were offloaded…
Egypt's Suez Canal will reduce rebates on canal tolls for liquefied natural gas carriers from Jan. 1 till June 30, the canal authority said in a circular published on its website on Tuesday.The rebates to LNG tankers operating between the American Gulf…
While much of the maritime world's tech chatter focuses on emissions and fuel choice, Dutch water company Hatenboer-Water developed the Plastic Free @Sea concept as a smart solution to reduce plastic waste on board ships at sea.Reducing plastic waste has become key in environmental protection…