The International Chamber of Shipping (ICS) welcomed the China Shipowners’ Association (CSA) as a Full Member from January 1, 2023. The CSA will join the ICS Board, which oversees the policy positions ICS presents on behalf of shipowners’ worldwide with the shipping industry’s global regulators…
The bad news for liner operators appears to have no end. In a normal year, the weeks leading up to Chinese New Year (CNY) bring an increase in volumes and freight rates. So far, however, the lead-up to CNY in 2023 has been the worst in 13 years…
Engineering firm Waterford Energy Services Inc. (WESI) and vessel owner/operator LeeWay Marine are collaborating to bring hydrogen fuel supply to Atlantic Canada for marine applications.The two Canadian companies said early front-end engineering and design (E-FEED) has commenced for a Phase 1 Pilot…
Oy Blomberg Stevedoring Ab, part of the KWH Logistics business group, has acquired a heavy Liebherr LHM 600 harbor crane for the Port of Vaskiluoto in Vaasa, Finland.The newly built €7 million crane, manufactured by Liebherr-MCCtec Rostock GmbH from Germany and delivered to Vaasa on December 22…
Danish shipping giant A.P. Moller - Maersk (Maersk) announced it has completed its $61 million acquisition of Danish project logistics company Martin Bencher Group.“With the addition of Martin Bencher, we are strengthening our ability to offer…
In January 2023 the Port of Valencia will conduct hydrogen tests for its refueling station. Technicians from Valeciaport, the National Hydrogen Center and the company Carburos Metálicos are taking part in this initiative, supervising this operation…
Sunstone Ships reports that its president Ulrik Hegelund, 52, has, for family reasons, decided to move back to Denmark. As of January 1, 2023, Hegelund will take the position as CFO of SunStone Maritime with overall responsibility for the group’s accounting…
Norwegian Cruise Line must pay $110 million in damages for use of a port that Cuba's government confiscated in 1960, a U.S. judge ruled on Friday, a milestone for Cuban-Americans seeking compensation for Cold-War era asset seizures.The decision by U…
Insecurity in Ecuador is hurting the Andean country's exports of products like bananas and shrimp, an exporters association said, amid assaults on shipping containers and contamination of shipments with drugs.At least 63 people linked to exports of bananas…
Boluda Towage has started towing services at the German port of Lubmin for the first installation of a floating LNG storage plant.The Deutsche ReGas LubminLNG import terminal will become the first operational FSRU-based facility in Germany.…
Container volumes through the Port of Oakland dropped in the month of November as both full imports and full exports fell compared to November 2021 and October 2022 volumes.Total loaded container volume declined 15% in contrast to November 2021…
U.S. Army Corps of Engineers, Detroit District New Lock at the Soo Project in Sault Ste. Marie, Michigan is reauthorized in the Water Resources Development Act (WRDA) 2022 on Dec 23, 2022. The project reauthorization amount is $3.219 billion…
Excelerate Energy's floating storage and regasification unit (“FSRU”) Exemplar arrived at the port of Inkoo, Finland on December 28, 2022. The FSRU was previously loaded with a partial cargo of liquefied natural gas (LNG) which will serve as the initial commissioning cargo for the terminal…
The Port of New York and New Jersey has held onto the title as the United States’ busiest container port for a fourth consecutive month.In recent months, U.S. East Coast ports have reported elevated container volumes as trade diverts from the U…
The oceans are inextricably connected to the health of the planet, and of humans: they absorb up to 30% of annual greenhouse gas (GHG) emissions and 90% of excess heat, and over 3 billion people — almost half the global population — depend directly…