The U.S. Army Corps of Engineers' Detroit District said it anticipates Phase 3 construction will start this summer following a $1.068 billion contract for the New Lock at the Soo Phase 3 awarded July 1, 2022.This contract allows the contractor Kokosing Alberici Traylor…
DBX, a new dry bulk commodity analytics firm based in London, officially launched earlier this year having successfully completed Signal Venture’s incubation program, and it has now initiated a round of seed funding.The venture started in the summer of 2020 with all around support from Signal Ocean…
liquefied natural gas (LNG) supplier Avenir LNG announced it has appointed Abigail Baltar as its new chief financial officer.Baltar first joined Avenir assuming the role of head of finance in 2020. She brings with her over 20 years of financial…
Each year, Marine News magazine profiles 100 of the top firms in the North American workboat sector.From passenger vessels to towboats, tugs and barges. From dredging and offshore energy to pilot, patrol, fire and police boats. OEMs, service providers…
Jordan on Sunday dismissed senior officials at the country's main Red Sea port of Aqaba port after finding gross negligence was behind the deaths of thirteen people following a chlorine gas leak at a major berth.The deaths and injury of over…
Ukraine is holding talks with Turkey and the United Nations to secure guarantees for grain exports from Ukrainian ports, President Volodymyr Zelenskiy said on Monday.'Talks are in fact going on now with Turkey and the U.N. (and) our representatives…
USVs can be a powerful force multiplier in keeping up with security operations in ports and harbors.When most people think of globalization, they immediately think of the international trade that has lifted hundreds of millions out of poverty over the past few decades…
The degraded performance across the ship recycling sector over the last few (and painful) months shows few signs of abating just yet, as it has been a veritable tale of misery, even though prices remain at some of the firmest levels we have seen over the last decade…
Shipbuilder and designer Ulstein is looking to take its revolutionary Thorium powered vessel concept from the drawing board to the deep blue sea. Is this the solution that industry, and society, have been searching for to enable a truly sustainable maritime future…
Techcross, a manufacturer of ballast water management system, announced on July 1, 2022, that it would move its Japanese office located in Fukuyama to Osaka.The Techcross ballast water management system has already been installed on more than 1…
An Iranian-flagged tanker seized by Greece in April, part of whose cargo was confiscated by the United States, was being towed to the port of Piraeus on Saturday, Greek coast guard officials said, after Greek authorities approved its release…
Capt. Brian McAllister, a prominent member of the American maritime industry and a true New York area maritime industry icon, has passed away.The following was posted on the mcallistertowing.com website:'It is with heavy hearts that we announce the passing of our beloved Captain…
On June 24, Ingram Marine Group held a special christening ceremony for four vessels: M/V Capt. Roy Daniels, M/V Randy Hooper, M/V Debbie L. Owen and M/V Harold B. Warren. The M/V Debbie L. Owen and M/V Capt. Roy Daniels are new builds. The M/V Randy Hooper and M/V Harold B…
It’s been another bumper month for long-term contracted ocean freight rates, as the cost of securing container shipments climbed by 10.1% in June. Following on the heels of a record 30.1% hike in May, this now means rates stand 169.8% higher than this time last year…
Shipping giant CMA CGM said on Thursday it would reduce container shipping rates for some common consumer products imported in France to support government steps to curb inflation.The group will from Aug. 1 reduced shipping rates by 500 euros ($520…