On November 1, 2021, Mikko Juelich took over the position as Trade Director for Business Region Germany at the Swedish ferry company Stena Line. He succeeds Ron Gerlach, who has moved to Stena Teknik where he will become the company’s Technical Director…
Shipping group A.P. Moller-Maersk said on Tuesday record-high freight rates boosted quarterly earnings despite lower container volumes due to congestion at ports.The coronavirus pandemic has prompted a shortage of container ships and logjams at ports at a time of high consumer spending…
Liebherr reports demand for its mobile harbor cranes with an e-drive has risen sharply in the 2021 sales year. Compared to 2019, the number of units equipped with an electric motor has even doubled.Liebherr has been offering a hybrid drive concept…
The Biden Administration’s struggles to alleviate supply chain capacity issues appear to be continuing with no end in sight. Part of the issue arises from the Administration’s limited focus on ports and another part arises from Congressional stalemates…
The Baltic Exchange's dry bulk sea freight index declined to its lowest in nearly three months on Monday, as rates across its vessel segments weakened.The overall index, which factors in rates for capesize, panamax and supramax vessels, fell by 91 points…
The Panama Canal moved more than a half a billion tonnes of goods over the last year, the canal's top official said on Thursday, marking a record high for the key global waterway as international trade picked up.Ricaurte Vasquez, the Panama Canal Authority's administrator…
Glamox said that Rune Marthinussen,CEO & President, plans to retire from the company next year, and that the Board of Directors has appointed Astrid Simonsen Joos to succeed him as CEO. The change takes effect August 1, 2022, and Marthinussen has agreed to support Astrid full time until December 31…
Ocean carriers remain in pole position in negotiations for long-term freight contracts, with high demand, port congestion, and supply chain disruption driving further rates increases. According to the Xeneta Shipping Index (XSI) Public Indices…
National Rivers Hall of Fame will honor marine towing industry veterans Peter Stephaich and Joseph H. Pyne during the Annual Waterways Symposium hosted by Waterways Council, Inc. in St. Louis, Mo., in November.Stephaich, the current Chairman…
In an attempt to bring more international shipping firms onshore to the UK, the British chancellor of the Exchequer Rishi Sunak provided the biggest shake-up to the UK’s domestic tonnage tax since its introduction 20 years ago.The British government…
World leaders attending COP26 climate talks from the end of the month must ratchet up pressure to make shipping decarbonize by 2050, a senior industry official involved in the meeting said.Shipping, which transports about 90% of world trade…
IMO-Singapore project to implement digital ship clearance system in the Port of Lobito, Angola, aims to support more ports in futureThe International Maritime Organization (IMO) and Singapore have selected the Port of Lobito (Angola) for a…
Finnlines will introduce a larger vessel on the Kapellskär – Långnäs – Naantali route on January 27, 2022, increasing cargo footage capacity by an additional 1200 meters. The larger RoPax ferry MS Europalink will replace the current MS Finnfellow on the route…
The GEF-UNDP-IMO Glofouling partnership (2017) is a global initiative to counter the environmental issue of invasive aquatic species (IAS) and the resulting harmful ecological and financial damage that can occur when such invasion events are…
Norwegian offshore vessel owner Eidesvik Offshore said Thursday its CEO and President Jan Fredrik Meling would as planned, retire from the position at the age of 65 effective December 31, 2021, after more than 16 years in the position.Starting January 1…