Container shipping giant MSC Mediterranean Shipping Company doubled down on its position to avoid sending its vessels through the Northern Sea Route and urged others to follow suit, citing environmental concerns.“As a responsible company, this was an obvious decision for us…
Jones Capital said it has acquired Rockport Terminals, one of the largest private intermodal terminals on the Texas Gulf Coast.Rockport Terminals is located within 28 miles of the fast growing Port of Corpus Christi, but outside of the Port's tariff zone…
More than 44 pounds of cocaine was seized from a Marshall Islands-flagged bull carrier anchored in the Chesapeake Bay near Annapolis, Md., on Wednesday.The drugs were discovered during an early morning examination by officers and agents from the DEA…
Marubeni and Torvald Klaveness' joint venture panamax bulker pool is offering pool partners the option to convert freely between floating and fixed rate, at any given time, in line with forward market levels.The companies, which announced the…
The blockage of the Suez Canal is likely to lead to large reinsurance claims, adding to upward pressure on marine reinsurance rates, James Vickers, chair of reinsurance broker Willis Re International, told Reuters.Formal investigations began…
One of the United Kingdom’s (UK’s) busiest ports is slated to deploy private 5G follownig an agreement between Verizon Business and Associated British Ports (ABP). Delivered in partnership with Nokia, Verizon’s private 5G platform will provide the Port of Southampton with a secure…
Updated guidance from the International Council on Mining and Metals (ICMM) outlines the techniques required for accurate hazard assessment of ores and concentratesAiming to help minimize the risk of accidents in maritime transportation, the…
The blockage of the Suez Canal for nearly a week will result in a “large loss” for Lloyd’s of London, its chairman said on Wednesday, as the insurance market recorded a 900 million pound ($1.2 billion) pretax loss in 2020 due to the COVID-19 pandemic…
The Georgia Ports Authority Board on Monday approved capital improvement projects that will increase the Port of Savannah’s container capacity by 20% amid unprecedented cargo growth.“Right now, we are moving container volumes that we did not expect to see for another four years…
Tanker operator International Seaways Inc said on Wednesday it will buy Diamond S Shipping Inc for about $416 million, as it aims to expand its crude shipping capacity and create one of the largest U.S.-listed tanker companies.Diamond S shareholders will receive $10…
Classification society ClassNK said it has opened a Kyushu regional office in Hakata, Fukuoka, Japan on April 1, 2021.Hakata is the transportation hub of Kyusyu, the island located in the southwest part of the Japanese archipelago. On top of five existing survey stations in Kyusyu…
Crowley Maritime Corporation has promoted Alisa Praskovich to vice president of sustainability to orchestrate Crowley’s environmental, social responsibility and governance (ESG) activities. Based in Jacksonville, Fla., she reports to chief operating officer Ray Fitzgerald…
Commissioner Daniel B. Maffei has been named Chairman of the Federal Maritime Commission, as appointed by President Joe Biden on March 29, 2021. Maffei is a sitting member of the FMC and replaces Michael A. Khouri in the role of Chairman.A native of New York…
When Norwegian fish farming support vessel operator DESS Aqua wanted to improve connectivity on its vessels early last year, it had some demanding criteria. Now, just over a year later, it has installed a wireless system from ScanReach across…
A new project aims to leverage advanced AI and maritime enterprise software to enhance supply chain data for shipping at the Port of Halifax.BlueNode, which has developed an AI solution that optimizes maritime shipping, has partnered with Saab…