The timing of a trade recovery from the economic crisis caused by the new coronavirus pandemic is uncertain, global ports operator DP World warned on Thursday.The Dubai state-controlled company just last month said it was seeing demand bounce back as Chinese factories restarted…
Workers in the port of Antwerp will next month begin testing wristbands developed by a Belgian technology company that could help guarantee the social distancing required during the COVID-19 pandemic.Rombit, also Antwerp-based, already supplies…
Jaap de Lange was appointed Managing Director of AEGIR-Marine, a stern seal and propulsion services company. He started his career in the Royal Dutch Navy, and was in consulting for 23 years in a variety of roles. Since 2009 he worked for Damen Shipyards in several senior leadership positions…
CYSEC SA, a cybersecurity company from Switzerland, has been awarded a contract by the European Space Agency (ESA) to develop a solution mitigating the cyber risks related to ship tracking using satellite communications.The digital revolution…
Oil traders are struggling to find enough ships, railcars, caverns and pipelines to store fuel as more conventional storage facilities fill up amid abundant supply and plummeting demand due to the coronavirus crisis.Dozens of oil tanker vessels…
Balmoral Tanks introduced a new range of glass fused to steel (GFS) liquid storage tanks, part of the company’s portfolio of storage tanks for the water, wastewater, anaerobic digestion and processing markets.The development follows a $20m+…
Agricultural commodities trader Bunge Ltd said on Tuesday it will sell 35 of its interior U.S. grain elevators to Zen-Noh Grain Corporation, dramatically reducing its grain origination network in the United States.Financial details of the sale…
Nakilat announced financial results for the first quarter ended March 31, 2020 with a net profit of $76 million compared to $64 million during the same period in 2019, with an increase of 18%.Despite the ongoing challenges of the global pandemic…
The Maritime and Port Authority of Singapore (MPA) has awarded two new bunker supplier licences to Minerva Bunkering and TFG Marine, following its call for applications for new licences in December 2019.Bunkering services in the Port of Singapore…
Mackay Marine announced the opening of its newest marine electronics service center, in Fujairah, U.A.E., located on the east coast of the Gulf of Oman.Mackay Marine–UAE provides Comm & Nav electronics sales and service to vessels in ports throughout the U…
U.S. crude oil futures collapsed below $0 on Monday for the first time in history, amid a coronavirus-induced supply glut, ending the day at a stunning minus $37.63 a barrel as desperate traders paid to get rid of oil.Brent crude, the international benchmark…
David Cox has been appointed CEO of MatthewsDaniel, effective April 8. He reports to Matthieu de Tugny, President of Bureau Veritas Marine & Offshore. Previously Chief Operating Officer, Cox succeeds Kevin Jarman who has been CEO of MatthewsDaniel for 30 years…
Crowley Logistics has added 222 new refrigerated (reefer) cargo containers to its industry-leading equipment fleet to ensure equipment availability at origin for perishables moving through the cold chain. These units are in addition to 300 new reefers received in January of this year…
More than 20 vessels loaded with fuel have waited a week or more to discharge gasoline, jet fuel, diesel and liquefied petroleum gas at Mexico's ports, according to Refinitiv Eikon data, as demand craters due to coronavirus-related lockdowns…
Brazil has agreed to release water at the giant Itaipu hydroelectric dam to raise low water levels in the Parana River, a key thoroughfare for grains shipments, Argentina's Foreign Ministry said on Friday.Decade-low water levels on the Parana…