Port Houston said activity across its docks jumped again in April, showing robust growth in both containers and steel due to high regional demand.Container activity at the Gulf of Mexico's largest container port increased 25% for the month of April…
Japan's exports likely grew more than 30% year-on-year in April, the most in more than a decade, a Reuters poll showed on Friday, but the base effect was a major factor after last year's steep decline due to the initial impact of the coronavirus pandemic…
The Baltic exchange's main sea freight index fell to a near two-week low on Thursday pressured by a decline in capesize and panamax vessel rates.The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities…
The global seafarers crisis takes center stage at the World Maritime University (WMU), as Dr. Michael Ekow Manuel discusses the importance of seafarers, seafarer training and the MarTID 2021 survey.While many maritime professionals have the theoretical ‘salt in their veins’…
German container shipper Hapag-Lloyd said on Wednesday it increased its net profit in the first quarter to 1.2 billion euros ($1.45 billion) and kept up its guidance for 'clearly higher' full year earnings.'We concluded the first quarter with…
New rules that entered force at the start of 2020 to reduce sulphur emissions from ships are leading to significant hikes in vessel operational expenditure, members of theshipping industry say.Using low sulphur fuel oil (LSFO) can add as much as $20…
Golar LNG announced on Thursday it has appointed appointed Karl Fredrik Staubo as CEO, filling the void left by prior chief executive Iain Ross, who stepped down in April.Staubo has since May 2020 been the chief executive officer of Golar LNG Partners LP…
Mitsubishi Shipbuilding held a christening and launch ceremony May 13, 2021 for the first of two large ferries being built for Japan Railway Construction, Transport and Technology Agency (JRTT) and Meimon Taiyo Ferry Co., Ltd. The ceremony took…
Israeli maritime tech venture capital firm theDOCK said it plans to launch a second fund—Navigator II—that will focus on investments in digital solutions attending to the needs of maritime, supply chain and offshore operations.The maritime-focused startups backer…
Maritime training firm Simwave has teamed up with remote medical operations and healthcare solutions provider VIKAND to create the Maritime School of Medicine & Public Health, said to be the world's first. Wide reaching, it includes a customized…
German container liner Hapag-Lloyd will make more investments in vessel capacity this year to grow in line with the global market, where it is the number five operator, Chief Finance Officer Mark Frese told analysts on Wednesday.Apart from the unspecified further investments in containers…
Union workers at Brazil's Santos port on Tuesday delayed a possible strike until next month, amid demands to know how soon they will be vaccinated against COVID-19, a union official said.Santos is South America's largest port and critical to Brazil's commodities exports…
Maersk is accelerating its plan to transform itself from a container shipping giant into an integrated logistics company following its strong performance during the pandemic, Chief Executive Soren Skou said on Tuesday.Maersk, which handles one in five containers shipped worldwide…
The Suez Canal Authority (SCA) plans to expand and deepen the southern stretch of the waterway where a containership became jammed and blocked traffic for six days in March, Chairman Osama Rabie said in a televised address on Tuesday.Rabie presented…
UK Club, an insurer of the container ship that blocked the Suez Canal in March, said on Monday a reduced compensation claim made by the Egyptian authorities for almost $600 million to free the vessel and cover related losses was still 'exceptionally large'…