Following a meeting during the 2022 Posidonia trade fair in Athens, MAN Energy Solutions and the Union of Greek Shipowners (UGS) announced their mutual commitment to a policy of decarbonization, especialy in regard to the testing and development of alternative fuels and…
Oranje Nassau, a 20-m, 55-passenger sightseeing boat and water taxi operating on Berlin’s urban waterways was recently put back into service after replacing its diesel engine with a fully integrated all-electric propulsion system by Torqeedo…
Following the recent dramatic price plunges which have seen almost $100/LDT wiped off prices, the ship recycling industry in the Indian sub-continent seems to be taking a bit of a pause, as end buyers remain less than confident to offer any firm prices with certainty…
Eastern Shipbuilding Group, Inc. (ESG) on Friday launched the R.B. Weeks, the second trailing suction hopper dredge the Florida shipbuilder has constructed for Weeks Marine, Inc.The R.B. Weeks is named in honor of Richard B. Weeks, a co-founder of Weeks Marine and married to Magdalen Weeks…
Proman Stena Bulk, a joint venture (JV) between methanol producer Proman and Stena Bulk, confirmed that the first methanol-powered newbuild vessel under its partnership has been delivered and is preparing for commercial operation.Stena Pro Patria is named in honor of Dennis Patrick…
The Ocean Shipping Reform Act of 2022 (the Act) was signed by President Biden on Thursday, June 16, 2022. The long term fixes, which require Federal Maritime Commission rule-making, establishes additional requirements requiring the FMC to issue rules related to certain fee assessments…
Italian cruise line Costa Cruises on Thursday held a christening ceremony for its new flagship, the Costa Toscana, in the port of Barcelona, Spain.The LNG-powered, Italian-flagged ship sailed away from Civitavecchia, Italy on Monday, making a stop in Naples on Thursday…
Russia said on Thursday it was facilitating the export of grain and oilseeds from Ukraine through Russian-held transit points on the Azov Sea, without explaining who was providing the foodstuffs for export.Ukraine, like Russia one of the world's biggest exporters of grains and oilseeds…
President Joe Biden on Thursday signed legislation to improve oversight of ocean shipping, which lawmakers say will help curb inflation and ease export backlogs.The bipartisan bill passed the U.S. House of Representatives on a 369-42 vote earlier this week…
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…