Abu Dhabi's AD Ports Group, owned by sovereign wealth fund ADQ, said it raised 4 billion dirhams ($1.1 billion) in proceeds from its primary issuance and would list its shares on the bourse on Tuesday.AD Ports Group, which operates ports, logistics and industrial zones…
It takes determined leadership to bring a culture of innovation to large and historic institutions like the U.S. Navy. Regarded as a successful leader in electromagnetic systems certification at Naval Surface Warfare Center Dahlgren Division (NSWCDD)…
Danish marine pump specialist Svanehøj has established Svanehøj France – a new independent business for production, sales and service of land-based liquefied natural gas (LNG) tank gauging systems and hydraulic liquefied petroleum gas (LPG) safety valve systems…
Mitsubishi Shipbuilding Co., in a joint effort with Mitsui O.S.K. Lines, Ltd. (MOL), completed a conceptual study on a floating storage and regasification unit (FSRU) for ammonia, a study is aimed at promoting the use of ammonia as an energy source and the introduction of the ammonia FSRU globally…
Valenciaport has closed the 2021 financial year with over 5.6 million TEUs (standard 20-foot container) and 85 million tonnes, numbers that improve activity with respect to 2020 and 2019, the latter being a pre-pandemic year. The import/export…
A lack of Coast Guard icebreaking assets is hampering U.S.-flag shipping on the Great Lakes, according to industry coalition the Great Lakes Maritime Task Force.“The inefficiency introduced into the Great Lakes Navigation System by inadequate Coast Guard icebreaking resources impacts the carriers…
Efforts to speed up the movement of goods around the world have yet to solve the supply chain bottlenecks caused by surging demand for retail goods and pandemic-related lockdowns, the latest shipping data shows.Delays at U.S. major ports have been particularly severe…
Egypt's Suez Canal registered revenues of $544.7 million in January, up from $495.7 million in the same month a year prior, the canal authority said in a statement on Tuesday.The canal is the fastest shipping route between Europe and Asia and…
ABB power conversion technology ensures a stable power supply for the fast-charging units serving five new electric ferries on the round-the-clock services crossing Amsterdam’s North Sea Canal. The new ferries have been ordered by the city’s public transport company…
Is it true that Sailing Cargo is building the world’s first mobile aquaculture ship?That is correct. We at Sailing Cargo Inc. want to change the future of global fishing while proving the value of clean shipping. Our team of experienced professionals…
International maritime network Stella Maris has teamed up with tech start-up FrontM to develop a new crew collaboration and wellbeing platform and super-app designed to give seafarers and fishers across the world quick access to Stella Maris's global chaplaincy directory…
Freight tech firm Loadsmart Inc said on Tuesday it was valued at $1.3 billion in its latest funding round, led by SoftBank Latin America Fund and funds managed by BlackRock Inc.The company raised $200 million in the Series D funding round from…
This year marks the 75th anniversary of Carboline, a global leader in coatings, linings and fireproofing. Carboline was founded by Stanley Lopata in St. Louis, Missouri, in 1947 and has grown into a global organization.Company president, Chris Tiernay remarked…
In a recent interview with Maritime Reporter TV, Philip Lewis, Director of Research, Intelatus Global Partners, breaks down the U.S. Offshore Wind market 'By the Numbers.'Let's look at the world . There's around 75GW of offshore wind farms, either operational or being built in the world today…
Mitsubishi Shipbuilding Co., Ltd. has established a Marine Decarbonation Business Development Group responding to the energy transition strategy promoted by MHI Group. “We have received numerous inquiries from customers regarding growth sectors…