Danish shipping company NORDEN announced Friday it has entered into an agreement to acquire the Thorco Projects business, providing access to new customers within the general cargo segment such as break bulk, steels and wind energy.Denmark-based Thorco Projects…
Boudewijn Siemons will become interim CEO of the Port of Rotterdam Authority effective July 15, 2023, taking the reins from Allard Castelein, who is stepping down as CEO this summer after nearly a decade in the position.Siemons, who currently serves as the port's COO…
Global freight volumes show signs of having bottomed out in the first quarter, signalling the industrial cycle may be near its trough, which could provide some support to oil prices later in 2023.Global freight volumes fell 1.1% during the first three months of 2023 compared with a year earlier…
BIMCO, the world’s largest shipping association, has elected Nikolaus H. Schües, CEO and owner of Reederei F. Laeisz as President at the organization's general meeting in Hong Kong on Thursday.Schües takes over as the 46th President of BIMCO…
The UK’s third largest ports group, Forth Ports, has outlined its commitment and the actions it is taking to achieve a Net Zero carbon operation by 2042. The company, which is Scotland’s biggest port operator, also outlined an interim target…
The Oakland Board of Port Commissioners approved an ordinance that will help to reduce emissions from cargo handling equipment at one of the seaport's key marine terminals.Port Commissioners unanimously voted to amend terminal operator TraPac’s…
AD Ports Group announced it has signed a memorandum of understanding (MoU) with the world’s largest producer of iron ore and nickel, and one of the largest logistics operators in Brazil, Vale S. A. (Vale), to develop a 'mega hub' in Abu Dhabi…
Tugboats refloated a large ship that had been stranded for several hours in the Suez Canal on Thursday, and sources said shipping traffic through one of the world's busiest waterways had returned to normal.Two canal sources said traffic was back to normal by around 11:00 am local time (0800 GMT)…
A ship has grounded in the Suez Canal, shipping agent Leth Agencies said early on Thursday.Suez Canal tugboats are trying to refloat the vessel, named Xin Hai Tong 23, the company said.There was no immediate comment from Canal authorities.'M/V…
Ørsted broke ground on Europe’s largest e-methanol project, FlagshipONE, on May 24.FlagshipONE will start production in 2025 and will produce 50,000 tonnes of e-methanol annually. The maritime sector is a key target for the methanol. Currently…
Glamox AS is undertaking a major project to retrofit Stena Line’s fleet of passenger ferries with energy-efficient LED lighting. Replacing mainly fluorescent luminaires with LED luminaires will enable Stena Line to reduce electricity used for lighting by 60 percent…
Maritime UK, the umbrella organisation for the UK’s maritime sector, has appointed Chris Shirling-Rooke MBE as its new CEO.Shirling-Rooke is currently CEO of Mersey Maritime, a maritime regional cluster organisation based in the Liverpool City Region…
Commodities specialist Trafigura has published new research highlighting the vital role that hydrogen-based fuels will play in decarbonising shipping – and the enormous potential for countries in the Global South (Africa, Asia and South America) to produce green ammonia and green methanol…
The Ukrainian port of Pivdennyi has halted operations because Russia is not allowing ships to enter it, in effect cutting it out of a deal allowing safe Black Sea grain exports, a Ukrainian official said on Tuesday.The Black Sea Grain Initiative signed by Russia and Ukraine last July…
Classification society ABS said it is using advanced modeling and simulation technologies to develop emergency response methods to assist ports and crew in responding to ammonia leaks or spills.It is the first step toward a comprehensive and fast ammonia release response system…