The second phase in a major upgrade of Scrabster Harbor in Caithness, the North of Scotland, has secured up to GBP3 million investment from Highlands and Islands Enterprise (HIE).The funding will enable the redevelopment of the existing St.…
Associated British Ports (ABP) announced new customers for the Port of Immingham this week as the port welcomed the first vessel in a new contract with customers Top Blue and The Fuel Trading Company.The new deal is expected to bring an extra 30…
Iran's Khorramshahr Port registered a growth of 59% in general cargo loading operation during the last four months.'More than 738,483 tons of non-oil goods were loaded in the port of Khorramshahr, which shows an increase of 59% compared to the same period last year…
South Korea's Hyundai Merchant Marine (HMM) toped highest on-time performance among 15 global carriers in June.According to the ‘Global Liner Performance Report – July 2019’, issued by SeaIntelligence, HMM ranked the most reliable carrier in June 2019 with a score of 91…
Canadian manufacturing group Bombardier announced it had signed a multi-billion dollar agreement to build two automated monorail lines in Egypt’s capital Cairo.According to a press statement, Orascom Construction, Bombardier Transportation,…
NEW YORK, Aug 5 (Reuters) - Stock markets around the world fell hard on Monday on fears that China's willingness to let the yuan slide in response to the latest U.S. tariff threat could further aggravate trade-related tensions between the world's two largest economies…
Insufficient Training, Inadequate Bridge Operating Procedures, Lack of Operational Oversight Led to Fatal Ship Collision. The National Transportation Safety Board said Monday that the Aug. 21, 2017, collision between the USS John S McCain and the tanker Alnic MC was caused by insufficient training…
New study finds port investments including Harbor Deepening have resulted in “significant” job growth over last five years.Cargo activity through Jacksonville’s seaport positively impacts tens of thousands of jobs and supports nearly $31.1 billion in annual economic output for the region and state…
Crowley Maritime Corp. announced new leaders in its Solutions group to support the continuing focus and growth in its government service offerings. This enhanced alignment will leverage commercial best practices in the transportation, energy…
The Baltic Exchange's main sea freight index fell for a tenth straight session on Monday to its lowest in nearly a month as a combination of better ship supply and easing demand hurt vessel rates.The Baltic index, which tracks rates for ships ferrying dry bulk commodities…
The latest Seafarers Happiness Index report, published by The Mission to Seafarers, has revealed that seafarers working onboard cruise ships and ferries rank among the unhappiest in the industry.The report, which is produced in association with leading mutual P&I insurer the Shipowners’ Club…
Maritime Strategies International has unveiled MSI Horizon, a new digital platform which enables clients to access the consultancy’s proprietary macro and shipping market models and asset valuations data via a single interface.The creation of…
The American Equity Underwriters, Inc. (AEU) was recently named as one of the Best Companies to Work for in Alabama in an annual ranking compiled by Business Alabama and Best Companies Group.This survey and awards program was designed to identify…
NYK welcomed 35 students and their professor from the Netherlands’ Delft University of Technology (TU Delft) on July 30 to examine the group’s initiatives for “Digitalization and Green,” the theme of the company’s medium-term management plan…
The Board of Directors of StormGeo has appointed Søren Andersen as the new CEO of StormGeo. Andersen will take up his new position on September 2, 2019. Interim CEO, Henrik Dahl, will reassume his role as Non-executive Director on the Board of Directors of StormGeo…