The Northwest Seaport Alliance’s total container volume for January 2020 was 263,816 twenty-foot equivalent units (TEUs), a 19.1% decrease from January 2019.Following an unprecedented international container throughput for the same month last year — tied to shippers moving cargo ahead of tariffs…
A new 'freshwater' charge that came in this month to help the Panama Canal cope with climate change will cost the shipping industry up to $370 million a year, marking another blow for maritime companies already hit by fallout from the coronavirus…
Alphabet, Google's parent company, announced that it is calling it quits on its efforts to build and monetize its Makani wind energy kites.Google acquired Makani, which developed airborne wind turbines and aimed to make wind energy more accessible and affordable…
Elengy, a subsidiary of French energy group Engie, has acquired French energy group Total's 27.5% stake in Fosmax LNG, owner of the liquefied natural gas (LNG) terminal at Fos Cavaou in southern France.Elengy now owns 100% of its three LNG terminals: Fos Cavaou…
The offshore oil and gas market continues to grow despite geopolitical developments and concerns over reduced global economic growth, said the Dutch multinational Fugro.'The outlook across Fugro’s market segments is positive as offshore wind…
India’s shipping and ports industry is likely to be negatively impacted by the outbreak of coronavirus (COVID-19) across China and South-East Asia, according to credit rating agency ICRA.China has been a major driver of global shipping trade in tanker…
Lubricating duel-fuel auxiliary engines: a practical approachChevron Marine has released the latest in a series of white papers focusing on innovations and developments impacting the fast-changing shipping industry.Click Here to Download the Whitepaper…
Jan De Nul Group reports that it has finished the maintenance dredging operations in the Port of Maputo, Mozambique, for the Maputo Port Development Company. This dredging campaign restored the depths created after Jan De Nul Group’s 2016 capital dredging campaign…
Buck Younger, Vice President of Engineering with VT Halter Marine, was named the Marine Engineer/Naval Architect of the Year by the Mobile Area Council of Engineers (MACE). VT Halter Marine, Inc. (VT Halter Marine), is a company of ST Engineering North America…
Danish shipping group A.P. Moller-Maersk said on Wednesday it had agreed to buy U.S. warehousing and distribution firm Performance Team as part of plans to deliver more customized logistics solutions.Maersk said the the value of the deal is $545 million…
Wärtsilä, together with project partners Carnival Maritime and HVCC Hamburg Vessel Coordination Center (HVCC), announced they have implemented and tested a new solution for just-in-time sailing.Together, the partners have achieved the exchange…
German container shipping line Hapag-Lloyd raised its 2019 operating profit by 80% to 811 million euros ($875.47 million) as it earned higher freight rates and cut costs, the Hamburg-based firm reported on Wednesday.'The main drivers of the…
Norwegian Electric System AS (NES) has announced Odd Gunnar Kleppe has stepped down as EVP / general manager.Odd Gunnar Kleppe has worked for NES since March 2018, and has been EVP since March 2019. In his time at NES, he has played an important…
Experienced satellite communications executive will help shipowners apply open standards and cloud connectivity for better visibility of operational dataMaritime IoT start-up Pentonet has appointed Trevor Whitworth as Commercial Director, tasked with expanding the company’s presence globally…
French-based geophysical services company CGG announced that it has completed the wind-down and exit from its land seismic data acquisition business after completing its last land seismic acquisition contract in Tunisia.Following on from the…