Ocean carriers remain in pole position in negotiations for long-term freight contracts, with high demand, port congestion, and supply chain disruption driving further rates increases. According to the Xeneta Shipping Index (XSI) Public Indices…
National Rivers Hall of Fame will honor marine towing industry veterans Peter Stephaich and Joseph H. Pyne during the Annual Waterways Symposium hosted by Waterways Council, Inc. in St. Louis, Mo., in November.Stephaich, the current Chairman…
In an attempt to bring more international shipping firms onshore to the UK, the British chancellor of the Exchequer Rishi Sunak provided the biggest shake-up to the UK’s domestic tonnage tax since its introduction 20 years ago.The British government…
World leaders attending COP26 climate talks from the end of the month must ratchet up pressure to make shipping decarbonize by 2050, a senior industry official involved in the meeting said.Shipping, which transports about 90% of world trade…
IMO-Singapore project to implement digital ship clearance system in the Port of Lobito, Angola, aims to support more ports in futureThe International Maritime Organization (IMO) and Singapore have selected the Port of Lobito (Angola) for a…
Finnlines will introduce a larger vessel on the Kapellskär – Långnäs – Naantali route on January 27, 2022, increasing cargo footage capacity by an additional 1200 meters. The larger RoPax ferry MS Europalink will replace the current MS Finnfellow on the route…
The GEF-UNDP-IMO Glofouling partnership (2017) is a global initiative to counter the environmental issue of invasive aquatic species (IAS) and the resulting harmful ecological and financial damage that can occur when such invasion events are…
Norwegian offshore vessel owner Eidesvik Offshore said Thursday its CEO and President Jan Fredrik Meling would as planned, retire from the position at the age of 65 effective December 31, 2021, after more than 16 years in the position.Starting January 1…
While the maritime industry faces a long ‘to do’ list for the coming three decades, Hiroaki Sakashita, CEO, ClassNK, sees decarbonization as the definitive trend that will most dramatically impact the design, construction and life-cycle operation of ships…
How technology can bring data to life, from design through to operations, helping improve efficiency and reduce emissionsOver the last year, climate change – or more appropriately climate action – has emerged as the critical issue impacting the future of global industries…
A U.S. trade group representing companies selling luggage, backpacks and other travel products has written President Joe Biden asking that regulations on shipping and other fees be strictly enforced to help bring down the cost of shipping.The Travel Goods Association…
As the global shipping industry is under the microscope to reduce emissions, three Japanese leaders in the maritime space: Hitachi Zosen, Mitsui O.S.K. Lines, Ltd.(MOL) and Yanmar Power Technology Co., Ltd. (YPT), have targeted methane slip…
America's top container ports Los Angeles and Long Beach are cracking down on ocean carriers whose containers linger on terminals as clogged U.S. seaports struggle to keep up with record box volumes.Under the new policy, developed in coordination…
The first LNG bunker vessel to be based in France has been named Gas Vitality at a ceremony held today at Hudong-Zhonghua Shipbuilding, China.The 18,600-m³ newbuild bunker vessel is TotalEnergies Marine Fuels’ second collaboration with Mitsui O…
Nakilat has taken delivery of a newbuild LNG carrier dubbed Global Sea Spirit, a ship to be commercially and technically managed in-house by Nakilat Shipping Qatar Limited (NSQL). Built by Daewoo Shipbuilding & Marine Engineering (DSME) in South Korea…