The cost of shipping oil on the largest tankers fell this week from record highs as demand eased following a wave of attacks on vessels in the Middle East and as the US considered easing sanctions on the so-called shadow fleet.Freight rates for supertankers…
DP World has deployed 55 electric yard tractors (E-YTs) at its Busan terminal in South Korea, marking a step up in its efforts to reduce emissions from terminal operations.The new E-YTs replace Liquefied Natural Gas (LNG)-powered vehicles and…
Anglo-Eastern has detailed its role in developing and preparing CMB.TECH's Mineral Europa, the world's first ammonia-powered dry bulk carrier, which recently embarked on its maiden voyage.The 210,000 dwt Newcastlemax, built by CSSC Qingdao Beihai Shipbuilding…
Dutch inland shipping company AMS Barging has christened its new diesel-electric tanker Felicitas at Noordereiland in Rotterdam. Liv and Julie, daughters of AMS Barging co-owner Igor Jansen, performed the naming ceremony.The 135-metre tanker…
The Massachusetts Port Authority (Massport) announced the appointment of Charlie Cunnion as Port Director. Cunnion brings over 25 years of leadership experience across global transportation, supply chain management, operations, organizational transformation…
GT Wings has announced the latest addition to its wind-assisted propulsion product range, AirWingS, a new compact and lightweight Jet Sail developed to address the operational requirements of smaller commercial vessels.The new design expands…
Britain’s ports are no longer simply gateways for trade. They are becoming part of the country’s future energy system. Across the UK, a structural shift is underway as ports evolve into hubs for electrification, battery storage, clean transport and industrial energy resilience…
Belgium-based Shipnext has introduced business networking capabilities to its digital shipping marketplace, enabling charterers, brokers, carriers and cargo owners to communicate and exchange freight information within a single platform.Launched October 16…
DP World announced the appointment of Jason Varsamidis as Chief Executive Officer and Managing Director of its Asia Pacific region, effective immediately.Jason will lead DP World Asia Pacific’s portfolio of ports and terminals and logistics businesses across 22 geographies…
HDR has named Richard Crowther regional maritime director for Europe and the Middle East.A chartered civil engineer with 17 years of experience, Crowther has worked across the full life cycle of port and marine infrastructure, including due diligence…
LD Armateurs and Norsepower completed installation of six rotor sails aboard Spirit of Toulouse, the first of three low-emission RoRo vessels being built to transport aircraft components for Airbus between Europe and North America.The installation…
The jump to record highs in the cost of shipping oil in supertankers is squeezing profit margins for Asian oil refiners, who are heavily dependent on Middle Eastern crude, the International Energy Agency said in a monthly report.Asian oil refiners…
JPMorganChase has added two senior leaders to support shipbuilding and maritime efforts within its Security and Resiliency Initiative (SRI), the firm's $1.5 trillion, 10-year effort focused on strengthening industries critical to economic and national security…
After investigating reports of restrictive port practices by the Government of Spain, the Federal Maritime Commission (FMC) has determined that Spain has created unfavorable shipping conditions against U.S.-flagged vessels. As a result, the…
The St. Louis Metro Port system remains the nation’s most efficient inland port system, according to the latest U.S. Army Corps of Engineers data, ranking first in cargo tonnage per river mile and fourth in total tonnage among seven major inland port districts…