At the 26th Conference of the Parties (COP26) on climate change, the Port of Antwerp and the Port of Montreal have signed a cooperation agreement to support the creation of the first green shipping corridor in the North Atlantic.Through this agreement…
Nippon Yusen and Kawasaki Kisen Kaisha, Japan's biggest and third-biggest shipping companies, reported record quarterly profits as they benefited from higher freight rates amid the chaos hitting global supply chains.The logjams and bottlenecks in the world's trade system…
Leading British ports operator Peel Ports aims to become net zero of carbon emissions at all its operations by 2040 and is exploring hydrogen fuel solutions for some of its energy needs, the private group's chief executive said.Britain has said it is committed to reaching net zero emissions by 2050…
North P&I Club has announced the appointment of Michael Asherson as Claims Director, in a return to the Club after three years in private practice in his native South Africa.Asherson, who spent 18 years with North in the period up to 2018, returns…
Naval architecture and marine engineering firm Vard Marine has informed that Kristin Jovel, its Corporate Business Manager, has been appointed the position of Vice President Business Operations for its North American offices.Jovel joined the…
The head of a U.S. commission that oversees ocean transportation said in an interview on Tuesday he suspects some ocean carriers have improperly charged importers, one of many factors driving supply chain woes.A broad range of companies importing…
Shipping group CMA CGM has agreed to acquire the Fenix Marine Services (FMS) container terminal at the port of Los Angeles in a deal worth around $2 billion that will extend its presence in a crucial hub for transpacific trade.CMA CGM currently…
Hensoldt introduced its new Manta NEO X band radar system for the commercial shipping market in Rotterdam @ Europort.The Manta NEO X band radar -- designed for all types of ships from workboats up to tankers and cruise ships -- uses CHIRP pulse compression and beam sharpening technology…
The chaos that has bedeviled global supply chains in recent months will extend into next year, with a lack of truck drivers preventing hundreds of container vessels from offloading goods around the world, shipping group Maersk said.“The whole system has become one gigantic bottleneck…
On November 1, 2021, Mikko Juelich took over the position as Trade Director for Business Region Germany at the Swedish ferry company Stena Line. He succeeds Ron Gerlach, who has moved to Stena Teknik where he will become the company’s Technical Director…
Shipping group A.P. Moller-Maersk said on Tuesday record-high freight rates boosted quarterly earnings despite lower container volumes due to congestion at ports.The coronavirus pandemic has prompted a shortage of container ships and logjams at ports at a time of high consumer spending…
Liebherr reports demand for its mobile harbor cranes with an e-drive has risen sharply in the 2021 sales year. Compared to 2019, the number of units equipped with an electric motor has even doubled.Liebherr has been offering a hybrid drive concept…
The Biden Administration’s struggles to alleviate supply chain capacity issues appear to be continuing with no end in sight. Part of the issue arises from the Administration’s limited focus on ports and another part arises from Congressional stalemates…
The Baltic Exchange's dry bulk sea freight index declined to its lowest in nearly three months on Monday, as rates across its vessel segments weakened.The overall index, which factors in rates for capesize, panamax and supramax vessels, fell by 91 points…
The Panama Canal moved more than a half a billion tonnes of goods over the last year, the canal's top official said on Thursday, marking a record high for the key global waterway as international trade picked up.Ricaurte Vasquez, the Panama Canal Authority's administrator…