Swiss headquartered container shipping group MSC has appointed Soren Toft as the new chief executive officer of its cargo business from rival company A.P. Moller Maersk, an MSC spokesman said on Monday.A start date for Toft has yet to be determined…
Protesters blocked entry to Iraq's main commodities port again on Monday while schools and government offices in many southern cities were shut in response to calls for a general strike.At least 315 people have been killed since the start of mass unrest in Baghdad and southern Iraq in early October…
Russia on Monday handed back three naval ships it captured last year to Ukraine, something Kiev wanted to happen before a four-way peace summit on eastern Ukraine next month in Paris.The handover, confirmed by the two countries' foreign ministries…
Malaysia has prohibited the use of open-loop scrubbers by ships plying Malaysian waters, as Southeast Asia's third-largest economy joins the growing number of nations adopting new industry guidelines on reducing sea pollution.New regulations…
The offshore wind industry in the United States is growing exponentially, with multiple projects in the development stages off of the Atlantic coast. The total megawatt capacity of U.S. offshore wind farms is anticipated to reach 22,000 by 2030 and 43…
Global downstream gas and LNG logistics company Atlantic Gulf & Pacific (AG&P) has made a strategic equity investment in Norway-based Kanfer Shipping.Kanfer is a developer of small-scale LNG sea transportation, maritime break-bulk solutions…
The European Bank for Reconstruction and Development (EBRD) said that it is backing the new US$ 600 million five-year bond issued by Mersin International Port, the operator of Turkey’s largest port.The Bank has invested US$ 90million in the issuance…
Norway-based shipowner 2020 Bulkers announced that the time charters of two of its vessels with the global commodity trader Koch Supply and TradingUnder the new deal, the dry bulk shipping company vessels Bulk Santiago and Bulk Seoul will continue…
Costa Cruises and the Western Ligurian Sea Port Authority have reopened the Calata delle Vele cruise ship quay and Palocrociere Terminal One in Italy’s port of Savona following an extensive renovation.The ceremony was attended by the city's mayor…
The Port of San Diego in the US is planning to purchase seven vehicles for its work fleet that will run on renewable diesel fuel, in its efforts to act as an environmental champion of San Diego Bay.The Board of Port Commissioners approved a $700…
The trailing suction hopper dredger (TSHD) Meuse River, built for DEME Group at the Royal IHC shipyard in Krimpen aan den IJssel, is launched.The launch ceremony of the the 7,950m³ vessel took place at IHC’s shipyard in Krimpen aan den IJssel…
India's Essar Bulk Terminal Ltd (EBTL) said it has completed work on the Passenger Ferry Terminal that has paved the way for a cruise-based passenger ferry service, commencing 15 November 2019, between Hazira Port in Surat and Bandra-Worli Sea Link in Mumbai…
Finnish manufacturer of cranes and lifting equipment Konecranes Oyj has won an order to supply a terminal at Tangier Med Port II with 16 Rubber Tired Gantry (RTG) cranes.The cranes will be delivered in batches with the last ones arriving by mid-July 2020…
The European Investment Bank (EIB), the EU's financing department, will bar funding for most fossil fuel projects to become the world’s first ‘“climate bank”.The bank will end its financing of oil, gas, and coal projects after 2021, and will accelerate clean energy innovation…
ShipMoney, an international maritime payment solution provider, launched a new initiative: ShipMoney Cares. “As a company, it’s very important that we give back to the community that supports us,' said Stuart Ostrow, President, ShipMoney. 'Together with ISWAN…