Traders are storing an estimated record 160 million barrels of oil on ships - double the level from two weeks ago as they seek to tackle a glut of stocks created by a slide in global demand from the coronavirus, shipping sources say.Organization…
Belgian shipping and offshore company Exmar outlined its leadership succession plan following the April 4 death of board chairman Baron Philippe Bodson due to the novel coronavirus.Nicolas Saverys, previously CEO of Exmar, will take up…
The new $14 million refrigerated container yard at the Port of Wilmington boosts on-terminal refrigerated container (reefer) plugs from 235 to 775 with the ability to expand to more than 1,000 plugs through Phase 2 of the project.“North Carolina…
Satellite communication provider Marlink has launched a range of airtime packages and application solutions to support its customers in the maritime, fishing and offshore industries during the COVID-19 pandemic.The ‘StrongerTogether’ initiative…
Technology group Wärtsilä has launched of its global Smart Support Center service. This service is aimed at improving asset uptime via remote access for customers of Wärtsilä’s Voyage business, thereby substantially reducing the need for physical service attendance…
Dr. Dirk Jürgens heads R&D at Voith Turbo Marine, a part of the family owned Voith conglomerate which employs more than 19,000 people in 60 countries. Voith Rudderpropellers were chosen as the propulsion system for the three new Staten Island Ferry vessels…
Naval Facilities (NAVFAC) Engineering and Expeditionary Warfare Center (EXWC) has responded to the COVID-19 pandemic through the use of the command’s additive manufacturing capabilities.NAVFAC EXWC will soon deliver the first batch of 250 face mask kits to commands needing additional PPE…
MAN Energy Solutions has won the order to supply six MAN B&W 9S50ME-C9.6 Tier II-compliant main engines for three 238-meter roll-on/roll-off (RoRo) vessels intended for operation in the Baltic Sea. The customer is Finnlines PLC., the Finnish shipping company and part of the Grimaldi Group…
Worrying signs are emerging for coal exporters to the world's biggest markets in Asia, as top buyers China and India move to favor domestic supplies over seaborne imports.The prices of higher-grade Australian thermal coal, lower-rank Indonesian thermal coal…
Throughput at the Port of Rotterdam is set to drop by up to 20% this year as the coronavirus pandemic disrupts production and trade worldwide, Europe's largest sea port said on Thursday.Throughput of containers, coal, oil products and other bulk goods already declined 9…
Taiwan-based shipping company Evergreen Line recently added 2,000 Carrier Transicold PrimeLINE units to its refrigerated container fleet.“Carrier Transicold’s 18-year relationship with Evergreen Line continues to grow, as evident in our units…
To help Northeast Florida companies better manage cash flow during COVID-19, the Jacksonville Port Authority (JAXPORT) is now deferring the application fee for all new Foreign Trade Zone No. 64 applications received by July 31, 2020. New FTZ customers can defer the one-time $2…
Crowley Logistics has expanded its on-terminal, perishables handling capabilities by constructing a new USDA inspection dock in Port Everglades, Fla. The new $1.6 million dock has capacity for 80 refrigerated (reefer) containers, more than double the previous size…
Jim Miller, chairman of the Board of Directors of Philly Shipyard, has requested to step down from the board, to join the management team of Philly Shipyard, Inc. as Senior Advisor to the CEO.The Nomination Committee has nominated Kristian Rokke to return as Chairman of the Board…
Marine Jet Power (MJP) announced Cole Merritt and Peter Gonzalez have joined its business development team in the Americas.“Peter and Cole are a welcome addition to the MJP team in the Americas. As we continue to expand our footprint in the…