Håkan Agnevall will take over the position of CEO of the Finnish marine equipment maker Wärtsilä on February 1, 2021.Back in September 2020, Wärtsilä first announced that Agnevall, president of Volvo's bus division, would become its new CEO…
DP World Antwerp Gateway has ordered a fleet of 34 Automated Stacking Cranes for its container terminal in Antwerp, Belgium. The Konecranes Gottwald ARMGs will be an expansion to the current fleet of 20 currently in operation. The first batch will be delivered in Q2 2022…
The Baltic Exchange's main sea freight index dropped on Monday, as weaker rates for the larger capesize segment offset gains in panamax and supramax vessel rates.The Baltic dry index, tracking rates for capesize, panamax and supramax vessels ferrying dry bulk commodities…
The company that bought the ammonium nitrate which exploded in Beirut last August had possible links to two Syrian businessmen under U.S. sanctions for ties to President Bashar al-Assad, according to a report by a Lebanese journalist and London company filings…
As shipowners mull the pros and cons associated with new fuels to meet tightening emissions rules, Chevron Marine is finding that some ship owners that switched older engines to very low-sulfur fuel oil (VLSFO) are reporting build-up of red deposits on piston crowns and top edges…
More than 10,000 frontline maritime personnel to receive COVID-19 vaccinations by end of January.In the global seafarer crisis created by COVID-19, Sinagapore has emerged as a world leader in the treatment of seafarers and frontline maritime personnel…
The United States on Friday sanctioned companies in Iran, China and the United Arab Emirates for doing business with the Islamic Republic of Iran Shipping Lines and on three Iranian entities over conventional arms proliferation.They are the…
Heddle Shipyards, the largest Canadian ship repair company on the Great Lakes, said it has hired Jared Newcombe as Chief Strategy Officer.Newcombe, an accomplished shipyard executive with over 30 years of experience in the industry, began his…
Portland Port has frozen its fees for customers in 2021 after the country has been heavily impacted by the coronavirus pandemic.There had been high hopes that the start of 2021 would see the country starting to return to normal business, however…
The board of Wallem Group announced that chief executive Frank Coles has resigned and will be leaving the company shortly.As many will be aware, Coles has been very active in highlighting the plight of seafarers during the COVID-19 pandemic…
The Valencia Containerized Freight Index (VCFI) of December experienced a growth of 4.19% with respect to the previous month, confirming the trend of the last five months of the year of increased freight rates. The high demand for traffic with…
Russian shipping company PAO Sovcomflot (SCF Group) on Friday took delivery of SCF Timmerman, a new 174,000-cubic-meter-capacity liquefied natural gas (LNG) carrier. The ship embarked on its maiden commercial voyage the same day, and is operated under a long-term time charter agreement with Shell…
Congestion delaying LNG shipments via the Panama Canal is expected to last through the peak demand winter months, traders close to the situation said, although the canal's regulator said it had made changes to speed up transit.The price of liquefied…
The town of Haugesund, Norway, home to busy waterways dotted with fishing and shipping vessels, was home to a maritime 'world first', with the announcement of the world’s first commercial Iridium GMDSS installation.The Norwegian trawler Trygvason…
KVH Industries, Inc. announced that marine technical services firm Kilo Marine has joined the KVH Watch Solution Partner program and will offer KVH Watch connectivity as part of a wide range of marine services. In particular, the digital services…