The U.S. Army Corps of Engineers published a “sources sought” notice on March 2. As it implies, “sources sought” is an effort by the Corps to get a big picture of companies available to undertake certain projects. A top concern is to ensure…
Net Income of $4.65 Billion, Adjusted EBITDA of $6.60 billion, and Adjusted EBIT of $5.82 billionAs the containershipping industry enjoys its greatest boom of a generation, ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) announced its consolidated…
Dutch Prime Minister Mark Rutte said that barring Russian ships from the port of Rotterdam was 'not on the table' for now, since any such move would have to be decided at a European level.Rutte made the comments to reporters, while on a visit to Paris…
Jeff Chittim, ESAB’s North American Senior Product Manager for Heavy Industrial Products, discusses how WeldCloud online applications and the ESAB Heavy Industrial Product Line are a powerful tandem to help shipyards improve weld quality and efficiency…
Following the Russian invasion of Ukraine, ChartWorld has announced the suspension of ECDIS, chart, and navigation data services to Russian-owned and managed vessels. Current vessels will be provided with chart updates to allow them to reach…
London’s marine insurance market has widened the area of waters around the Black Sea and Sea of Azov that it deems high risk as Russia's invasion of Ukraine intensifies and perils to merchant shipping grow.The insurance industry's Joint War…
Marvin Ferguson, Commissioner for the Ports of Indiana (POI) from 1993 – 2018, has passed away. First appointed by Governor Evan Bayh in 1993, Ferguson was the longest-serving Commissioner in the Ports’ history, having served under six different Governors (Bayh…
Ukraine’s infrastructure ministry said on Monday that part of the Black Sea port of Olvia, which is under concession to Qatari sea port operator QTerminals, had been hit by a military “strike”.Nobody was wounded, the ministry said without providing further details…
It was another incredibly firm showing from the sub-continent markets this week, according to GMS, particularly Bangladesh and even a recently resurgent India (who now seem to be competing even more on tonnage), whilst Pakistan misses out on units once again…
The Port of San Diego has purchased two all-electric Konecranes Gottwald Generation 6 Mobile Harbor Cranes to replace the diesel-powered crane currently in use at the Tenth Avenue Marine Terminal (TAMT). The all-electric, battery-supported mobile…
Finnish shipbuilder Työvene said it has secured an approximately €20 million order for a trailing suction hopper dredger (TSHD) from Poland's Maritime Administration.The vessel design was developed by Työvene and Dutch partners C-Job and Holland Marine Technologies…
Shipping and logistics group Maersk will sharply curtail its transport of goods to Belarus to comply with sanctions over Russia's invasion of Ukraine, it said on Friday.'Only bookings for foodstuff, medicines and humanitarian supplies (except dual use) will be accepted after extensive screening…
Superintendent of the U.S. Merchant Marine Academy, Vice Adm. Jack Buono announced his retirement after a maritime career that has spanned more than 45 years.Vice Adm. Buono, a 1978 Kings Point graduate, has spent the past three and a half years at the Academy helm…
Russia's war in the Ukraine and spiraling oil and marine fuel prices have conspired to drive the VCFI indes to its first loss in 18 months.Change of trend in the indicators that measure the evolution of container transport costs. Valencia Containerized Freight Index (VCFI) fell by 0…
In the William M. (Mac) Thornberry National Defense Authorization Act (NDAA) for Fiscal Year 2021, Congress amended the Port Infrastructure Development Program (PIDP) administered by the U.S. Maritime Administration (MARAD) to reserve to smaller…