William J. Brennan, president of Maine Maritime Academy, announced he will retire after the upcoming school year, capping off 12 years of service to the institution.“It is an exciting moment for me, but I really do have mixed emotions about the announcement…
Israeli container shipping company ZIM Integrated Shipping Services Ltd. announced on Monday it has extend for two more years its cooperation agreement with the world's leading B2B eCommerce platform Alibaba.com, a business unit of Alibaba Group…
Lyttelton Port Company in Christchurch, New Zealand, has ordered four Konecranes Noell Straddle Carriers to expand its straddle carrier fleet in response to growing business. The new machines will be delivered towards the end of 2021. This order was booked in Q1 2021…
Ports of Indiana (POI) announced that it has hired Bernard (Ben) Weithman as the new Ports of Indiana-Mount Vernon port director.Weithman will lead port operations and business development for the Mount Vernon port. His industry experience includes more than 30 years in business development…
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…