Mitsubishi Shipbuilding and Nihon Shipyard -- a Tokyo-based joint venture for ship design and sales between Imabari Shipbuilding and Japan Marine United Corporation -- have started joint study for the development of an ocean-going liquified CO2 (LCO2) carrier…
ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) announced its consolidated results for the three months ended March 31, 2023.Net loss for the first quarter was $58 million (compared to net income of $1,711 million in the first quarter of 2022)…
Shipping finance markets for the rest of 2023 look positive, with a depth of lenders, banks, leasing houses and alternative credit funds all seeking to grow their portfolios and offer the best terms to win projects; and competition between lenders…
Some U.S. importers who shifted cargo away from West Coast ports to rival gateways over fears that labor contract talks could disrupt shipments have begun bringing some of that volume back, even as those negotiations stretch into their 13th month…
The Black Sea grain corridor designed to ensure the safe supply of Ukrainian food to world markets has not yet resumed operation despite statements by Turkey and Russia on extending the agreement, a senior Ukrainian official said on Thursday…
The Ukraine Black Sea grain deal has been extended for two more months, in what U.N. Secretary-General Antonio Guterres hailed as 'good news for the world,' a day before Russia could have quit the pact over obstacles to its grain and fertiliser exports…
Seattle-based dredging and marine construction contractor Manson Construction Co. has been awarded a contract for dredging in Alabama, Mississippi and FloridaThe $49 million firm-fixed-price contract was awarded by the U.S. Army Corps of Engineers Mobile District…
Samsung Heavy Industries (SHI) held aTechnology Road Show in Europe as an official debut of its new design ship.SHI held its 'Samsung Technical Seminar in Athens' at the Marriott Hotel in Athens, Greece, and announcing details on a pair of new designs: an LNG carrier and a container ship…
The EU Commission has put forward proposals for the most ambitious and comprehensive reform of the EU Customs Union since its establishment in 1968. The changes are expected to be implemented gradually from 2028. The measures proposed will massively simplify customs processes for business…
bound4blue and Oceanking announced a partnership to jointly expand access to the eSAIL technology in Greece and Cyprus. bound4blue provides wind-assisted propulsion technology, and its eSAIL is designed to help reduce fuel consumption and emissions…
Kalmar, part of Cargotec, officially handed over its first fully electric reachstacker to Cabooter Group following a six-month testing period. The reachstacker will continue operations at Cabooter Group’s Greenport Venlo intermodal terminal in the south east of the Netherlands…
A temporary barge quay has been constructed at Europa Terminal in Antwerp to allow smooth service during works during the first phase of the terminal's renewal project.Operational as of Wednesday, the quay is temporarily creating additional mooring space for inland navigation…
The Port of Jacksonville (Jaxport) has been given a $35 million refund for unused prepayments from its recently completed harbor deepening project.The U.S. Army Corps of Engineers (USACE) Jacksonville District presented Jaxport with the $35 million check in March…
The Port of Amsterdam has awarded a contract to PowerCon and subcontractor BAM for the installation of shore power systems at Cruise Port Amsterdam (CPA).The project has received subsidies from both the Ministry of Infrastructure and Water management and the European Commission…
“Over the next ten years, from 2023 to 2032, more than 15,000 ships with deadweight capacity of more than 600 million tonnes are expected to be recycled, more than twice the amount recycled in the previous ten years,” says Niels Rasmussen, Chief Shipping Analyst at BIMCO…