The International Cargo Handling Coordination Association (ICHCA) said it has appointed Richard Steele as the new head of ICHCA International. He will take over the role with effect from July 1, on the retirement of the current postholder Richard Brough O…
The U.S. Department of Transportation’s Maritime Administration is encouraging states and port authorities to apply for $230 million in discretionary grant funding for port and intermodal infrastructure-related projects through the Port Infrastructure Development Program (PIDP)…
Marine shipping drives 90% of global trade, moving over 11 billion tonnes of containers, solid and liquid bulk cargo across the world’s seas annually. Almost all consumer products we buy — or the raw materials required to make them — arrive at Canadian ports via ship…
The stranding of a container ship in the Suez Canal has created disruptions in the global shipping industry that could take weeks and possibly months to clear, top container shipping lines said.Around 30% of the world’s shipping container volume - including goods like sofas…
The blocking of the Suez Canal by one of the world’s largest container ships is likely to result in losses worth hundreds of millions of euros for the reinsurance industry, Fitch Ratings said, even as rescue teams were successful in partially refloating the vessel on Monday…
USTC has acquired BunkerEx in a move to step up and streamline digitalization activities across USTC companies.BunkerEx caters to digitalization and transparency within logistics and transport, providing accessibility and optimization of online platform for fueling costs…
The Vostochny Cosmodrome, a spaceport on Russian territory, is currently being built in the Amur region in the Russian Far East. As part of the project, Mammoet was contracted to unload 14 pieces of heavy and oversized equipment from a barge and transport them to the construction site 60 km away…
Turkey has approved development plans for a huge canal on the edge of Istanbul, Environment Minister Murat Kurum said on Saturday, advancing a project which has attracted criticism over its cost and environmental impact.The step came a year…
When Ritesh Mehra, 43, enlisted for a four-month stint as captain on a liquid gas tanker last July, he never expected to be stranded at sea until spring.“Twice it has happened that the ports are not allowing crew change,” Mehra told Reuters via Zoom from the bridge of the 80…
A stranded container ship blocking the Suez Canal threatens to make it even more difficult for European and U.S. retailers to keep products in stock during the coronavirus pandemic.The Suez Canal saga that began on Tuesday and could go on for weeks…
The Suez Canal Authority is considering discounts for vessels affected by the blockage caused by a stranded container ship, its chairman said on Sunday.Osama Rabie also told Al Arabiya TV that the canal was losing $13-14 million in revenue daily…
Efforts to dislodge a giant container ship blocking the Suez Canal have allowed its stern and rudder to move, but it remains unclear when the vessel will be refloated, the head of the canal authority said on Saturday.The 400 metre (430 yard)…
The pandemic led to a disruption of the global sectors that also included the ocean trade. International trade witnessed an extensive impact on operations, causing a sharp decline in trade activities worldwide. Only a few technology-driven service…
MM-SEAS is the reportedly the first software that automates the manual task of obtaining, tracking and renewing U.S. Coast Guard (USCG) credentials, helping to eliminate paperwork processing errors while delivering merchant mariner career guidance…
For most of 2020, the liquefied natural gas (LNG) shipping market was in a depressed state like many other segments of the global gas industry. LNG export cargoes fell by 0.2% y-o-y in 2020 to reach 5,682 shipments, driven by a slowdown in LNG demand amid the COVID-19 pandemic…