Forto has raised $240 million from investors led by Softbank (9984.T), the freight technology startup said on Monday, and will invest in expanding its platform for organizing trade shipments between China and Europe.The five-year-old Berlin…
The owners of a container ship that blocked the Suez Canal in March have made a new offer in a compensation dispute with the canal authority, and a court ruling on the case was postponed for two weeks on Sunday to allow more time for negotiations…
Egyptian startup Trella, a digital platform connecting truckers with freight loads, has raised $42 million in equity and debt, including from the venture capital arm of shipping giant Maersk, its chief executive said.Founded three years ago in Cairo…
China's state planner, the National Development and Reform Commission (NDRC), said on Monday it and the market regulator are jointly looking into the iron ore spot market and have pledged to crack down on hoarding and speculation.The move comes…
The Baltic Exchange's main sea freight index snapped a seven-session winning streak on Friday as capesize rates declined, but was up for the second straight week.The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels…
The United Nations shipping agency on Thursday adopted a ban on the use of heavy fuel oil in the Arctic region while green groups said the regulations contained loopholes which will allow many vessels to keep sailing without enough regulatory control…
A new touch-free payment platform for the maritime industry has been launched by Secure Seas.Secure Seas says its electronic payment platform is designed to provide financial security to seafarers by transferring their pay electronically, removing…
The U.N. shipping agency approved further measures on Thursday to boost the energy efficiency of commercial vessels although critics said the move fell short of what was needed to cut the industry's carbon footprint.The International Maritime…
A coalition of nine Argentine port worker unions will go on a nationwide 24-hour strike starting at midnight to press for vaccinations against the coronavirus, the labor groups said in a statement on Thursday.Workers including tugboat captains…
Inmarsat's Fleet Data provides data acquisition, processing, uploading, and interface links between engine and Nautilus Labs’ fleet optimization solution so that Mitsubishi Ore Transport and Diamond Bulk Carriers reap rewards of big data without hardware expense…
ECOncrete has won the European Commission Horizon 2020 Fast Track to Innovation funding program with a large-scale deployment at the Port of Vigo, Galicia, Spain.In alignment with the EU Green Deal, Marine Directive and Biodiversity Strategy for 2030…
The ports of Los Angeles and Long Beach continue their record-breaking start to the year, exceeding pre-pandemic records again and again. Already under pressure to handle a throughput that has broken the pre-pandemic record every month for 11 months in a row…
Wärtsilä Voyage and Japan based weather routing provider Weathernews Inc (WNI) have signed a strategic partnership agreement enabling the integration of WNI’s weather forecasting data and Optimum Ship Routeing (OSR) service with Wärtsilä’s products and solutions…
Veemnatie NV is launching a new dry bulk terminal in the Port of Antwerp. Veemnatie NV, a joint venture between 5de Havendok NV and Steinweg Belgium, has converted its terminal in the Port of Antwerp into a new dry bulk terminal. The current capacity is 300…
Hong Kong providers of shipping services are breathing a sigh of relief after authorities announced they would ease strict quarantine restrictions imposed last July on vessels calling at the Asian shipping hub, trade sources said.From Tuesday…