Egypt has reopened three Red Sea commercial ports and one fishing port which were shut earlier on Wednesday because of high winds and rough seas the Red Sea Ports Authority and two sources said.The reopened ports are Suez, Zeitiyat, Adabiya and the fishing port of al-Ataka…
Bill Forslund recently joined naval architecture and marine engineering design consultancy BMT as commercial business development manager, concentrating on West Coast new business, passenger vessels, navy and commercial tug and barge projects…
Norwegian energy company Equinor said it has been selected to provide New York State with offshore wind power in one of the United States' largest renewable energy procurements to date.Under the award, Equinor and partner BP will provide 1,260…
Carnival Cruise Line said it has named Darrell Campbell as chief financial officer. He joins the U.S.-based cruise operator from parent company Carnival Corporation where he has served as corporate treasurer since 2017.Prior to his role at Carnival Corp…
Insurers are set to raise the cost of providing cover for merchant ships through the Red Sea after a series of incidents that have hit vessels around Saudi Arabian waters, industry sources said.The possibility of more attacks on commercial shipping…
Interpol has issued red notices for the captain and owner of the ship that carried the chemicals which devastated Beirut in an explosion in August, killing 200 people, Lebanon’s state media said.Five months since one of the biggest non-nuclear blasts on record…
In the next decade, we’ll see more accelerated change in shipping fuels than we’ve seen in the last century. What does this heightened diversity mean for shipowners? They must be nimbler than ever – a shift that requires work. It means greening supply chains…
The turbulence of the past year has in many ways clouded the underlying fundamentals in the dry bulk shipping market, but with 2020 now behind us, we are in a better position to establish an overview of expectations for 2021. Overall, total…
The North Carolina State Ports Authority announced it is expanding capabilities to better support the North Carolina agriculture industry through a partnership with Scoular.North Carolina Ports on Tuesday received approval from the North Carolina…
Container shipping giant Mediterranean Shipping Company (MSC) said it is working to advance the exploration viability of hydrogen and fuels derived from it as potentially viable fuel sources for its vessels.The initiative is part of the Swiss…
Oil hit an 11-month high just below $57 a barrel on Tuesday, bolstered by Saudi Arabia's plans to limit supply, offsetting worries that rising coronavirus cases globally would curtail fuel demand.Brent crude settled up 92 cents, or 1.7%, at $56…
Fluechem launched what it is calling 'a revolutionary new system' that allows shipping owners to create their own Urea solution onboard.Launched at the end of 2020, the Urea Generator by Fluechem was born out of a deep understanding of the challenges…
Nautilus Labs, a technology firm aiming to advance the efficiency of ocean commerce through artificial intelligence, announced its partnership to optimize fleet performance with joint venture partners Carisbrooke Shipping and SMT Shipping. Both Carisbrooke…
China's effective ban on imports of Australian coal is forcing a realignment of flows between the world's two biggest importers and two largest exporters.Indonesia and Australia dominate the global seaborne coal trade, with the Southeast Asian nation tops in thermal coal…
Hempel announced an ambitious strategy to double its revenue by 2025, with a strong focus on innovation and digitalization.Hempel has faced its fair number of challenges over its 105 year history, with COVID-19 and the year 2020 presenting historic challenges in the global supply of coatings…