Four investment groups are looking to acquire the Israeli port of Haifa estimated to be valued as high as $600 million with formal bids expected towards October, sources with knowledge of the matter said.Israel is selling its state-owned ports…
Seaspan Corporation announced it has forward fixed contracts for 10 containerships with a 'major liner customer', bringing the company's total 2021 forward fixtures to 58 vessels, or approximately 50% of its time chartered fleet.The vessels…
China’s robust export growth likely moderated in July amid an acceleration in COVID-19 cases globally and continuing severe pressure on global supply chains, a Reuters poll showed on Friday.Although there are signs China’s strong industrial…
Shell Tankers (Singapore) Private Limited will contribute 10 medium-range product tankers (MRs) to the Signal Maritime MR pool.In line with the shipping industry’s decarbonization efforts, Shell and Signal have also agreed to collaborate on carbon emissions reduction initiatives…
Rudy Mes and Giles Candy of Scienco/FAST discuss advantages for ship owners and shipbuilders with the Scienco InTank Ballast Water Treatment System.How doest the InTank system stand out?Rudy Mes We found that most vessels have issues (when)…
Maersk bought two e-commerce companies on Friday and said more acquisitions were coming soon as the world's biggest container shipping line boosts its bet on land-based services.Maersk, which handles one in five containers shipped worldwide…
The Baltic Exchange's main sea freight index rose on Thursday on stronger vessel rates, with capesizes at a near three-month peak.The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, rose by 58 points…
While new to the CEO seat, Anna Galoni is long-tenured at Thordon Bearings, having worked in the company for more than 15 years, joining the Burlington, Ontario-company in 2007 after graduating from Queens University with a Masters’ Degree in Epidemiology…
Chinese iron ore futures fell below a key 1,000 yuan per tonne level on Thursday, falling more than 5% to their lowest in more than two months as domestic consumption remains sluggish on steel production controls.The most active iron ore futures on the Dalian Commodity Exchange…
Container shipping rates from China to the United States have scaled fresh highs above $20,000 per 40-foot box as rising retailer orders ahead of the peak U.S. shopping season add strain to global supply chains.The acceleration in Delta-variant…
Shipments of iron ore on the Great Lakes totaled 5.7 million tons in July, an increase of 61.8% compared to a year ago, according to the Lake Carriers’ Association (LCA). Shipments were 3.2% above the month’s five-year average.Year-to-date the iron ore trade stands at 26…
Brian Cuccias, the retired president of Huntington Ingalls Industries' (NYSE: HII) Ingalls Shipbuilding division, accepted the Navy League of the United States' Fleet Admiral Chester W. Nimitz Award today. The Navy League presented the award at the annual Sea-Air-Space exposition in National Harbor…
Thousands of Lebanese gathered near the port of Beirut on Wednesday to mark the first anniversary of a catastrophic explosion that devastated the city, demanding justice for the victims.One year since the disaster, caused by a huge quantity of ammonium nitrate stored unsafely at the port for years…
Trelleborg said its marine and infrastructure operation in North America has recently moved into its new sales office in Houston, Texas, in a move aimed at meeting the growing demands across all North American markets and providing more localized…
Nakilat, DNV, and a group of yards and system suppliers – ABB, Honeywell, Kongsberg and Wärtsilä + Hudong-Zhonghua – have teamed on a joint development project (JDP) to elevate software reliability and maintenance during operations. The JDP…