German container liner Hapag-Lloyd on Friday stuck with its full-year earnings guidance but warned that supply disruptions and weaker demand due to the coronavirus crisis may lead to a revision of its forecast in the second half of 2020.The number five in worldwide container shipping…
U.S.-based passenger vessel operator Hornblower Group announced it has appointed Kevin Rabbitt has CEO. Rabbitt is expected to take up the role in July, while founder, Chairman and current CEO Terry MacRae will continue as Executive Chairman…
Hydroid, a familiar name in the Unmanned Underwater System defense market, was bought this year by Huntington Ingalls Industries (HII). We checked in with Duane Fotheringham, President, Unmanned Systems, HII, for insights on the path forward for autonomy in the defense sector…
As the maritime industry settles in on a COVID-19 induced ‘new norm,’ and long-range planning is dramatically shortened,, Nick Brown, Marine and Offshore Director, Lloyd’s Register, said that while much deserved focus must be paid to the current crisis…
A new reality demands a new approach. Asbjørn Halsebakke, Product Manager, Yaskawa Environmental Energy / The Switch, argues that we can’t afford to let the greatest opportunity within the current crisis slip away.We can’t celebrate a pandemic…
The Trump administration on Thursday issued guidelines to help ship owners and insurers avoid the risks of sanctions penalties, standards that maritime players and a senior State Department official said were modified following months of discussions with industry…
Seaspan Ship Management selected Alfa Laval to help resolve steam balance and redundancy issues connected to sulfur-compliant fuels. The solution – an integrated steam boiler plant comprising oil-fired steam production, waste heat recovery,…
ClassNK granted an Approval in Principle (AiP) to NYK Line and MTI for their joint project on the concept design of an autonomous ship framework (development code “APExS”).In January 2020, ClassNK released its “Guidelines for Automated/Autonomous…
ABS has added Inventory of Hazardous Materials (IHM) Survey as remote choices.ABS is delivering IHM remote survey to support clients ahead of the December 31, 2020, introduction of mandatory IHM for all vessels sailing under an EU member states’ flag or any vessel calling at a European port…
As COVID-19 and a historically weak energy market wreaks havoc on the maritime industry, Christopher J. Wiernicki, CEO, American Bureau of Shipping, tells Maritime Reporter & Engineering News in its May 2020 edition that “COVID-19 will function as threat…
Fleet management software provider ABS Nautical Systems (ABS NS) and maritime SaaS technology company Q88 LLC have joined forces to automate compliance management for ship owners and operators. The systems are now fully integrated to streamline…
The North Carolina State Ports Authority set a new record for refrigerated container volume. North Carolina Ports moved 1,459 refrigerated containers – 2,918 20-foot equivalent units (TEU) – through the Port of Wilmington during the month of April…
Termont Montreal Inc. places order with Liebherr for STS and RMG cranes.The new STS and RMG cranes will operate at Termont’s Viau Terminal. The terminal opened in 2016 and quickly reached capacity. The new Liebherr equipment will help the terminal increase its capacity to 600…
Monthly cargo volumes at Port Houston declined in April as the coronavirus outbreak continued to impact commerce in the U.S. and across the world.Port Houston, the 6th largest container port in the U.S., handled a total of 221,540 twenty-foot equivalent units (TEUs) in April…
Russian state oil giant Rosneft plans to build a port with maximum annual capacity of 115 million tonnes of oil for its Vostok Oil project in the Russian Arctic, the RIA news agency quoted the company as saying on Tuesday.Rosneft said in a statement…