Yesterday U.S. President Donald J. Trump issued an executive order enhancing economic sanctions on Iran, targeting the country's leadership. The executive order, in its entirety, follows:By the authority vested in me as President by the Constitution and the laws of the United States of America…
Europe’s second-largest seaport Port of Antwerp is building additional container handling capacity in the Antwerp port area.To cope with further growth until 2030 and also to attract international investment in the future, additional capacity of 7 million containers per year is required…
The American supplier of rotor blades to the wind industry LM Wind Power, part of GE Renewable Energy, has displayed its first 107-meter blade, for GE’s Haliade-X 12 MW wind turbine, which has made its first trip outside its factory in Cherbourg…
German shipyard Meyer Werft has handed over Spirit of Discovery, second of three new cruise ships in 2019, to the British cruise line Saga Cruises.The vessel with a rating of 58,250 GT is already the second new build completed by Meyer Werft…
The Port of Rotterdam Authority signed individual Letters of Intent (LoI) with four enterprising new companies that are expected to help make the port more sustainable, more efficient and ‘smarter’.Agreed during the fourth edition of PortXL…
A U.S. Customs and Border Protection (CBP) and Immigration and Customs Enforcement Homeland Security Investigations (HSI)-led multi-agency examination of shipping containers at the Philadelphia seaport netted a historic load of cocaine, the largest cocaine seizure in the 230-year history of U…
Dual fuel engines, alternative fuels and new energy sources led the discussion at the ABS Hellenic Technical Committee (HTC).More than 40 leaders from the Greek shipping industry representing owners, operators and technical professionals debated the impact of new technologies…
The dedicated scheduled import train from Port Pipavav to Garhi Harsaru [NCR region] is operated by Gateway Rail Freight Ltd. (GRFL) for CMA CGM. The import train arrived at Garhi Harsaru on June 12th, 2019 and was received by Mr. Ugo Vincent…
The Bahamas Maritime Authority (BMA) has announced that for the 17th consecutive year, The Bahamas has been included on the Paris MoU port state inspection whitelist of flag state performance and has moved up six places, securing the number two spot…
APL, part of the CMA CGM Group, has announced the launch of the Bangkok Haiphong (RBH) service that will provide weekly connectivity between South China, Thailand and Vietnam.An express service from South China to Thailand, the RBH service will…
RigNet, Inc. announced that it has reached a settlement with Inmarsat Global Limited that concludes the GX Arbitration pending before the International Center for Dispute Resolution. Pursuant to the settlement, RigNet will pay Inmarsat $45 million immediately…
Venice should be put on the United Nations' list of endangered cities and cruise ships should be banned from its fragile lagoon to prevent an ecological disaster, Italy's main conservation group said on Monday.The call came less than a month…
NewbuildingMany Chinese companies have been stepping up in the bulker market with COSCO Shipping and Avic leasing placing orders at Chinese yards. Of the total 313 Bulkers ordered over the past year, nearly 40% have been Panamax vessels, demonstrating the hot market…
Vitol, the world's largest independent oil trader, has started building a small oil refinery at its storage terminal in Malaysia that will provide low-sulfur fuel for ships, a senior company official said on Monday.The project consists of a crude distillation unit that can process 30…
China's iron ore futures extended gains on Friday after touching a record high in the previous session, as concerns persisted over tight supply amid declining shipment from Rio Tinto and expectations of strong demand.Mining giant Rio Tinto on…