The International Union of Marine Insurance (IUMI) presented its analysis of the latest marine insurance market trends at its 150th annual conference in Berlin, Germany, on Monday.The global marine insurance premium base for 2023 was reported as $38…
DSV has announced its biggest transaction to date: the acquisition of Schenker from Deutsche Bahn.The value of the acquisition is EUR 14.3 billion ($15.9 billion).DSV says it will strengthen its global network, expertise and competitiveness…
From decarbonization to geopolitical conflicts, German shipowners have a seat front and center to the prevailing trends driving global shipping. For insight and perspective, Martin Kröger, CEO, German Shipowners Association (VDR), joined Maritime…
The U.S. Department of Transportation’s Federal Transit Administration (FTA) has unveiled nearly $300 million in grants from President Biden’s Bipartisan Infrastructure Law aimed at transforming and expanding ferry systems across the United States…
Libyan crude exports reached about 550,000 barrels per day last week, a three-fold increase on the previous week, according to data from analytics firm Kpler and a shipping agent.Tankers carrying crude including Flavin, Pacific Pearl, Ghibli…
Marine energy infrastructure solutions company Höegh LNG announced it has rebranded as Höegh Evi in a move that reflects its expansion beyond liquefied natural gas (LNG) vessels and terminals.Standing for “energy vector infrastructure,” the name Evi encompass a wider range of clean energy solutions…
The fifth cargo of liquefied natural gas (LNG) from Russia's Arctic LNG 2 has been picked up by a vessel managed by a company under U.S. sanctions, according to ship tracking data.The Arctic LNG 2 project by Russia's Novatek is also subject to Western sanctions over Russia's war with Ukraine…
Wallenius Wilhelmsen’s expanded Brunswick, Ga., port facility is now home to Develon and Hyundai Construction’s North American Customization Plant (NACUP), following the move from Savannah, Ga.The move from Savannah to Brunswick allows the NACUP to increase in size by more than 50%…
A Global Centre for Maritime Decarbonisation (GCMD)-led consortium has conducted ship-to-ship transfers of ammonia at anchorages within the Port of Dampier in Australia’s Pilbara region.Two transfers took place between the Green Pioneer, owned by Mitsui O…
The American Association of Port Authorities (AAPA) has applauded the exemption granted in the United States Trade Representative's (USTR) decision to finalize a 25% tariff on ship-to-shore cranes.The final determination excludes cranes manufactured…
Shanghai halted transportation links, recalled ships and shut tourism spots including Shanghai Disney Resort on Sunday as it braced for Typhoon Bebinca, in what could be the strongest tropical cyclone to hit the Chinese financial hub since 1949…
Galveston LNG Bunker Port (GLBP) announced a gas supply agreement (GSA) with Energy Transfer’s Houston Pipeline Company (HPL), in a new milestone for the development of the region’s first dedicated liquefied natural gas (LNG) bunker terminal…
The Jefferson County Port Authority (JCPA) has finalized the purchase of approximately 18 acres along the Mississippi River in Herculaneum, Missouri, in a $20 million deal with Riverview Commerce Park, LLC (RCP). This acquisition marks the establishment…
The European Investment Bank (EIB) and the Irish Department of Transport have established an advisory cooperation to assess capacity, demand and financing strategies for the development of offshore renewable energy port infrastructure, which…
JX Nippon Oil & Gas Exploration Corporation, NYK and NYK affiliate Knutsen NYK Carbon Carriers (KNCC) have demonstrated a new CO2 liquefaction method that the partners say is a breakthrough for the carbon capture and storage (CCS) industry.The…