Shipping group Maersk still has vessels calling at Russian ports to deliver containers booked before the invasion of Ukraine began and to pick up around 50,000 containers stranded in Russia, Chief Executive Soren Skou said on Tuesday.The company…
The voluntary shunning of Russian commodities by Western buyers, or self-sanctioning, was expected to start hitting exports of crude oil, liquefied natural gas (LNG) and coal from April, but there are already signs that flows are weakening.Russia's…
The Port of New Orleans (Port NOLA) has named Assistant Chief Melanie Montroll as Chief of its Harbor Police Department (HPD), following a rigorous national search that included a number of highly qualified candidates. She is a 21-year veteran…
North P&I and Standard Club revealed they have entered formal discussions for a proposed merger to create a new global marine insurer and one of the largest providers of mutual cover in the maritime industries. The combined mutual insurer would provide cover for vessels equivalent to 400 million GT…
GAC Bunker Fuels has opened a new office in Westport, Conn. to help global customers decarbonize in American ports and beyond.The office will be manned by liquefied natural gas (LNG), biofuel, low sulfur fuel oil (LSFO) and marine gasoil (MGO) experts Maurice Lara and John Lindquist…
Kristian Mørch, CEO of Norway-based shipping group Odfjell, has informed the company's board of directors that he will step down after seven years in the role.The board has initiated a process to identify the next CEO, and Mørch will continue in his current role until his successor is in place…
A predictive intelligence company applying AI global maritime trade has launched a solution to minimize risk exposure in maritime trade as it relates to ongoing sanctions against Russia.In response to the recent Russian invasion into Ukraine…
Dover Fueling Solutions (DFS) announced its expanded agreement with Global Technical Services (GTS) for the provision of its DX Wetstock management services to the Egyptian markets.GTS, based in Cairo, Egypt, is a longstanding distributor of…
A.P. Moller-Maersk is looking to divest its 30.75% stake in Russian port operator Global Ports Investments due to Russia's invasion of Ukraine, Maersk's port unit APM Terminals said on Friday.Global Ports' shareholders include Russian state…
Hamburg Fire Fighting Vessels Dresden and Prag sport diesel-electric hybrid propulsion and battery systems from EST-Floattech.After the first 100 days of operation, operator Flotte Hamburg is reports it is satisfied with the two new firefighting…
ClassNK signed a Memorandum of Understanding (MOU) with PowerX, Inc. (PowerX) for a collaboration on the development of the Power Transfer Vessel (Power ARK).PowerX is carrying out a project of the first model of the Power ARK series, which…
Early White House efforts to boost U.S. liquefied natural gas exports and cut Europe's reliance on gas from Russia after its invasion of Ukraine are proceeding slowly, because of concerns about climate change impacts, government and industry sources said…
Russia's shipping trade has plummeted since Moscow's Feb. 24 invasion of Ukraine and Western sanctions push many foreign companies to suspend sailings, adding further pressure on the country's economy, according to freight data.The world's biggest foreign container lines—including the top three MSC…
Participants at the 26th United Nations Climate Change Conference (better known as COP26) late last year in Glasgow reiterated humanity needs to accelerate change in the coming decades to limit global warming to 1.5°C (or even to the 2°C as agreed up in the Paris Agreement)…
In step with the maritime industry's mandate to decarbonize, Alfa Laval introduces its E-PowerPack. Able to convert waste heat directly into electrical power, the E-PowerPack reduces fuel consumption and CO2 emissions – creating a simple, cost…