KR announced the successful installation of an onboard carbon capture system (OCCS) with purely domestic technology, and it will soon undergo internal verification testing.The project began in April 2023 as a collaborative effort with HMM, Samsung Heavy Industries (SHI) and PANASIA…
Sydrogen Energy Pte. Ltd. (Sydrogen), a Singapore-based fuel cell components and systems company, announced its entry into the maritime market with a 250 kW fuel cell power module. Developed in a collaboration signed with Shanghai Hydrogen Propulsion Technology Co…
Monthly inbound cargo volume at major container ports in the US is continuing to rise despite a variety of supply chain challenges, according to the Global Port Tracker report released by the National Retail Federation and Hackett Associates…
Ethical Farming Ireland (EFI) has raised concerns that the livestock carrier Shorthorn Express is currently sailing to Israel from Greenore despite having previously been subject to a Houthi attack in the Red Sea region in June. The Shorthorn…
SAAM Terminals closed a global collaboration agreement with Next Port AI, the technology subsidiary of the global company Moffatt & Nichol, to implement its new platform that combine DigitalTwin and Artificial Intelligence technologies: a digital replica of the port´s physical assets…
Fratelli Cosulich Group placed an order for two 7,999 dwt IMO2 chemical bunkering tankers at Taizhou Maple Leaf Shipbuilding Co., Ltd., with options to build two more units.The delivery of the first of these methanol-ready vessels will be in the first half of 2026…
The Texas energy industry was evaluating the impact from Hurricane Beryl on Monday after the powerful storm lashed the U.S. Gulf Coast, closing key shipping ports and hitting the oil refining and production sectors.Beryl made landfall near the coastal town of Matagorda…
A strike planned for Monday by ship and dock foremen at west Canadian ports has been called off after the country's industrial relations board found the union's strike notice was in violation of the labor code, the board said in an order.'The Board directs the union to rescind its strike notice…
The United States added six companies to its trade restriction list on Tuesday, including four for their links to the training of China's military forces, according to a government posting.Two of the companies are in China, one in South Africa…
The largest ports in Texas closed operations and vessel traffic on Sunday as Hurricane Beryl intensified as it approached the Texas coast near Houston.Beryl, which left a trail of destruction this week in the Caribbean, killing at least 11 people…
Nordic Fender has entered a strategic partnership with SkyLab IoT for the development and expansion of smart fender and buoy solutions that provide real-time data worldwide.Nordic Fender products can now benefit from live monitoring of critical parameters such as air pressure…
Russian strikes killed two people and wounded 26 on Thursday in Ukrainian regions stretching from the south to the east and northeast, local authorities said.A missile strike in southern Odesa region killed a woman, injured seven people and damaged port infrastructure…
Cargo shipments at Ukraine's Black Sea and Danube ports were 68% higher in January to June than in the same period of last year, a senior lawmaker said on Thursday.Six functioning ports processed 52.7 million tons of cargo compared with 31.3 million tons last year…
Port of Brownsville, along the U.S.-Mexico border, said on Wednesday that it would limit ship traffic due to gale force winds from Hurricane Beryl, a Category 4 hurricane heading for the Gulf.Only vessels that will be able to finish and sail…
It’s a widely accepted notion among economists that cultural differences can pose a significant barrier to trade. The larger the cultural gap between two countries – judging by differences in language, customs, values and business norms – the more challenging and costly trade relations become…