The Baltic Exchange, the a membership organisation for the maritime industry, and freight market information provider for the trading and settlement of physical and derivative contracts, has launched a new assessment to track the cost of operating vessels…
Dutch dredging and heavylift company Royal Boskalis Westminster has been awarded two contracts worth 85 million euro ($93.7 million) combined for strengthening and protecting a stretch of seafront coastline from erosion in Romania and the United Kingdom…
The CMA CGM Group has introduced Rhine Valley Rail, a new rail service connecting the Port of Rotterdam with the German hinterland. The train connections are aligned with CMA CGM’s deep-sea services.Operated in cooperation with TFG, the Rhine…
Russian maritime shipping company specializing in petroleum and LNG shipping Sovcomflot (SCF Group) and NYK Line have announced that they have signed a new $176 million non-recourse credit facility for eight years with three leading international banks…
International Maritime Organization (IMO)’s World Maritime theme for 2019 – “Empowering women in the Maritime Community” has featured prominently in events at the London International Shipping Week (9-13 September).A seminar co-hosted by Inmarsat…
U.S. Customs and Border Protection (CBP) agriculture specialists intercepted 146 destructive Asian Gypsy Moth egg masses on four ships recently in the port of Baltimore.Asian Gypsy Moth (AGM) is one of the most destructive insect pests in the world…
On Sept. 1, as category 5 Hurricane Dorian ravaged the Bahamas, YachtAid Global’s Operation Topaz prepared to assist.Numerous vessels over 100-ft. LOA deployed swiftly to the Bahamas. They were engaged by YAG in Operation Topaz’ relief effort…
Post the departure from Grand Bahama Island of hurricane “Dorian” the most devastating storm to ever hit the Bahamas, Grand Bahama Shipyard confirms it will be ready to resume business on Wednesday September 11th, 2019.“There is no significant damage to the shipyard…
The U.S. Maritime Administration (MARAD) launched newly-accredited, web-based training courses on cargo preference laws and regulations. The courses were developed in collaboration with Defense Acquisition University (DAU). They are intended…
The CMA CGM Group announced the appointment of Olivier Casanova as Group Deputy Chief Financial Officer.He will also serve as CEVA Logistics’ Chief Financial Officer.Casanova is a graduate from HEC. He started his career in 1991 as an investment…
A new report commissioned by Maritime UK and the UK’s Center for Economics and Business Research (CEBR) has recognized the contribution of the UK maritime sector to the country’s economy. The report notes that the sector facilitates 95 percent…
Hunter Tankers, a subsidiary of Norwegian investment company Hunter Group, has selected Tankers International Ltd as commercial manager for its fleet of very large crude carriers (VLCCs).According to Oslo-based company, Tankers International…
Japanese shipping giant Kawasaki Kisen Kaisha (K Line) has taken delivery of a 88,000 dwt coal carrier from compatriot shipbuilder Imabari Shipbuilding in Marugame.Named Corona Citrus, the vessel was delivered on September 11 for electric utility Electric Power Development Co…
The Port of Los Angeles has set a new single-month cargo record for the fifth consecutive month making it the busiest August in the Port’s 112-year history.During the month, the port moved 861,081 Twenty-Foot Equivalent Units (TEUs), an increase of 4…
French ferry operator Corsica Linea is fitting out its ferries calling Port of Marseille with equipment necessary to use electricity for power at berth using ABB’s shore connection technology.Instead of running diesel-fueled auxiliary engines…