Panama is urging the International Maritime Organization (IMO) to step in to help stranded seafarers and shipowners wrapped up in a trade dispute between China and Australia.Some 74 vessels loaded with Australian coal and more than 1,500 mariners…
U.S. refiners are scaling back on hiring ships for longer periods to save on costs in another sign of uncertainty over when global oil demand will return to pre-COVID levels, shipping and trade sources say.The global rollout of coronavirus vaccines…
Leading Japanese lenders have joined an initiative that links the provision of shipping finance to cuts in carbon dioxide emissions as the sector accelerates efforts to go green.In recent weeks, Shinsei Bank Ltd, Sumitomo Mitsui Banking Corporation…
Core Group Resources is hosting a charity golf event in support of Mercy Ships' volunteer crew fund, on March 29, in Katy, Texas, west of the Houston Energy Corridor.The hosts are currently seeking additional teams, sponsors and donations to support the golf outing at the Falcon Point Golf Club…
Oslo-listed LNG tanker operator Awilco LNG has appointed Per Heiberg as its CFO. Heiberg will assume his new position on April 6, 2021.The news follows the announcement from October 2020, when CFO Øyvind Ryssdal gave his notice of resignation…
Operations at the Houston ship channel were suspended early on Monday morning due to dense fog in the region, a Galveston Texas Pilots dispatcher said.The ship channel is a 53-mile (85 km) waterway connecting the busiest U.S. petrochemical port with the Gulf of Mexico…
Classification society ABS said it has launched a new digital emissions monitoring tool that allows shipowners and operators to input and monitor their IMO Data Collection System (DCS) and EU Monitoring Reporting and Verification (MRV) review process…
Port Houston reported a dip in container volumes for the month of February after a severe winter storm shut port facilities for nearly a week, bringing cargo movements to a virtual standstill.The lethal storm and impact of sub-freezing temperatures…
U.S.-based ballast water treatment sysems manufacturer Ecochlor has appointed Zen Hong Oh as Regional Service Manager for Southeast Asia.Oh has more than 11 years of involvement in the maritime industry both in shipbuilding and in project management of vessel repairs and retrofits…
With an eye on an aging trailing suction hopper dredge fleet, C-Job is set to debut an innovative new THSD design series with a focus on modularity and sustainability. Basjan Faber, CEO, C-Job Naval Architects, discusses the dredging market…
Container shipping group CMA CGM said on Friday that it expected activity to remain strong in the first half of this year after brisk demand for consumer goods boosted its profits at the end of last year.France-based CMA CGM said its fourth-quarter earnings before interest…
Risk assessment and due diligence firm RightShip said it has expanded its vetting criteria from 20 to 50 assessment factors, in a move aimed at improving consistency as well as industry safety standards.'We have drilled down further in terms…
Rolls-Royce's Power Systems division has ended the 2020 financial year with an underlying operating profit of $247.3 million despite suffering a 17% drop in underlying revenue to $3.8 billion. This corresponds to an underlying operating margin of 6…
They're new, they’re huge and they’re the tallest in North America; three, gigantic cranes are now part of the skyline at the Port of Oakland, California, U.S.The port released a time lapse video today with footage of the assembly of one of the giant cranes…
Shipping and trade groups are calling on the European Union to advance the development of ammonia and green hydrogen as the best marine fuel options to enable the industry to accelerate decarbonization.With about 90% of world trade transported by sea…