Shipping group A.P. Moller-Maersk warned of a sharp drop in global container volumes due to the coronavirus pandemic, with weaker retail sales and depressed car production dampening demand.The crisis has thrown the container shipping trade off…
Three cruise ships will idle at the Port of Oakland without passengers while cruise operations are suspended due to the coronavirus pandemic, the port said Friday. The .Two Norwegian Cruise Line vessels, Regatta and Norwegian Jewel, have tied up at Oakland’s Outer Harbor Terminal…
The Port of Oakland reported 'better than expected' cargo volumes in April, but port officials say they are expecting volumes to decline in the months ahead as ships cancel visits due to reduced demand brought on by the coronavirus pandemic…
Investment company Incus Investor has changed its name to Scana ASA and embarked on a new course as parent company for a group of equipment and service suppliers to the maritime industry. The head office will move from Stavanger to Bergen.Through its subsidiaries…
As COVID-19 and a historically weak energy market wreaks havoc on maritime, Knut Ørbeck-Nilssen, CEO Maritime, DNV GL, tells Maritime Reporter & Engineering News in its May 2020 edition that this could be the beginning of a Renaissance period for the industry…
Odfjell announced Monday that Odfjell Terminals (China) Pte. Ltd. (OTC) has today completed a sale of its 50% shareholding of Odfjell Terminals (Dalian) Co Ltd. (OTD) to VTTI Terminals I B.V., a subsidiary of VTTI group, for a total cash consideration of $59 million…
The Port of New York and New Jersey experienced a 4.1% decrease in March container volume compared to March 2019, the Port Authority of NY & NJ said. March cargo volumes were 560,830 TEUs, compared to 585,098 TEUs in March 2019.Throughout the month…
Ships transporting cargo from Argentina's Rosario grain hub through the Parana River are having to reduce their cargoes after a bank collapse obstructed the navigation channel, exporters told Reuters.Dredgers are working in the Parana to the…
Algeria will resume car imports, the government said on Sunday, after a ban failed to reduce the import bill, as the North African member of OPEC tries to rein in spending to cope with a decline in energy earnings.The plan to allow car dealers…
The sulfur regulation from the International Maritime Organization (IMO) that came into force on 1 January 2020 took the center stage in the shipping industry at outset of the new decade. Four months on, the spotlights have turned to the coronavirus and the OPEC+ oil price war…
First Class Cadet Owen Gibson, a Civil Engineering major from the U.S. Coast Guard Academy, has received a Fulbright Award to pursue a two-year Master of Science degree in Water Resource Engineering and Management at the University of Stuttgart…
Damen Yichang Shipyard in China recently hosted a different kind of steel cutting ceremony for a RoPax Ferry 6716 being built for the Government of Timor-Leste.Ordinarily, Damen would invite its clients and guests to attend the celebratory event…
Australia's shipments of iron ore to China from the world's top export hub of Port Hedland jumped to 38.7 mln tonnes in April, data from the port authority showed on Friday.Shipments were up by 10.6% from a year earlier, although they shrank by 4…
The need for ships to change crews and for the world's 1.2 million seafarers to be able to fly home at the end of their periods of service have emerged as two of the biggest challenges facing the shipping industry as a result of the COVID-19 pandemic…
Naval architecture and marine engineering firm Vard Marine Inc. announced Thursday that Wade Carson will succeed Dave McMillan as president and CEO upon McMillan's retirement on May 31.Carson has been with Vard for 18 years. For the past six…