Shipping and logistics group Maersk will sharply curtail its transport of goods to Belarus to comply with sanctions over Russia's invasion of Ukraine, it said on Friday.'Only bookings for foodstuff, medicines and humanitarian supplies (except dual use) will be accepted after extensive screening…
Superintendent of the U.S. Merchant Marine Academy, Vice Adm. Jack Buono announced his retirement after a maritime career that has spanned more than 45 years.Vice Adm. Buono, a 1978 Kings Point graduate, has spent the past three and a half years at the Academy helm…
Russia's war in the Ukraine and spiraling oil and marine fuel prices have conspired to drive the VCFI indes to its first loss in 18 months.Change of trend in the indicators that measure the evolution of container transport costs. Valencia Containerized Freight Index (VCFI) fell by 0…
In the William M. (Mac) Thornberry National Defense Authorization Act (NDAA) for Fiscal Year 2021, Congress amended the Port Infrastructure Development Program (PIDP) administered by the U.S. Maritime Administration (MARAD) to reserve to smaller…
The storied South Brooklyn Marine Terminal (SBMT) complex in Brooklyn, N.Y. will be transformed into a major regional hub for offshore wind under a new agreement signed Thursday.Energy companies Equinor and bp said they reached a deal with terminal…
There’s often an upside to being among first-movers in an emerging industry, but many are often stifled by the risk inherent to new ventures. For Crowley, which today is leading the charge on a number of maritime fronts such as sustainability and decarbonization…
The U.S. Department of Transportation’s Maritime Administration (MARAD) announced the availability of $25 million in funding for the America’s Marine Highway Program (AMHP), which supports the development and expanded use of America’s navigable waterways and will help improve U…
Russian troops were in the center of the Ukrainian port of Kherson on Thursday after a day of conflicting claims over whether Moscow had captured a major urban center for the first time in its eight-day invasion.Russia's defense ministry said…
The following is a recap of the containershipping logistics challenges for the the Black Sea, Ukraine and Russia from Christian Roeloffs, co-founder and CEO, Container xChangeParts of the Black Sea and Sea of Azov are now dangerous or unpassable…
Commercial ships are being advised of the high risk operating in the Black Sea following Russia’s invasion of the Ukraine, with various reports of missile attacks on commercial ship, plus warning of the waters containing mines.According to a press release from the NATO Shipping Center (NSC)…
The Biden administration is considering following Canada in barring Russian ships from U.S. ports, a government official said on Wednesday.A White House spokeswoman said no decision has been made.On Tuesday, Canada shut its ports to Russian-owned ships and barred them from Canadian waters…
Hempel continued its growth trajectory in 2021, ending the year with 5.9 percent organic growth, following 10 consecutive quarters of organic growth. Total growth was 15.1 percent, despite supply chain challenges across the coatings industry…
Sandy Hook Pilots Association welcomed its new Pilot Station Boat New York, a converted Oil Spill Response Vessel (OSRV), which, at 208 feet long, is the largest in the Sandy Hook Pilots fleet.While welcoming the its new addition, Sandy Hook Pilots retired its predecessor…
Hydrogen company Tree Energy Solutions (TES), backed by Belgian investor group AtlasInvest, said on Wednesday it would build an LNG terminal in the German North Sea port town of Wilhelmshaven, business newspaper Handelsblatt reported on Wednesday…
Lithuania's government will vote on Wednesday on whether to ban Russian vessels from its ports following the invasion of Ukraine, the BNS news agency reported on Wednesday.'Ships sailing under an aggressor flag will have no place in the Klaipeda port…