Singapore shipping company Pacific International Lines (PIL) has announced that it is quitting the Transpacific market as part of an optimization strategy. The shipping line has been participating in a half-dozen trans-Pacific services, mostly in slot-charter arrangements…
Diana Shipping announced that it has received a notice of cancellation of the Memorandum of Agreement (MoA), between a separate wholly-owned subsidiary and an unaffiliated third party, to sell the 2005-built Panamax vessel “Calipso”, as previously announced…
The Port of New Orleans (Port NOLA) saw another record-breaking year in cruise passenger numbers and vessel calls.With the launch of Disney cruises and the addition of year-round itineraries from Royal Caribbean International in 2020, Port officials anticipate another robust cruise season…
Cargo volume was down slightly in January at the Port of Long Beach, compared to the same month in 2019.Terminal operators and dockworkers moved 626,829 twenty-foot equivalent units (TEUs) last month, down 4.6% compared to January 2019. Imports decreased 4…
The largest seaport in Europe Port of Rotterdam saw a freight throughput of 469.4 million tonnes in 2019, fractionally higher than in 2018 (469 million tonnes).According to a release, investments by the Port of Rotterdam Authority were again at a high level…
Italian shipbuilder Fincantieri said it has presented Scarlet Lady, the first of four new cruise ships it is building for new cruise ship operator Virgin Voyages, part of Richard Branson’s Virgin Group.The 110,00-gross-ton Scarlet Lady, constructed at the builder's shipyard in Genoa Sestri Ponente…
Damen Shipyards signed a contract with the Ministry of Infrastructure, Communications & Transport of the Revolutionary Government of Zanzibar for the supply of five inshore ferries to carry tourists visiting Pemba Island and others nearby in the Zanzibar Archipelago…
Norwegian technology enterprise Kongsberg Maritime announced that it increased operating revenue to NOK 5,490m (USD 593mln) from NOK 2,041m (USD 220mln) in the fourth quarter.Growth excluding acquired business is 21%, said a press release from the Kongsberg Gruppen (KOG) company…
The Helen Delich Bentley Port of Baltimore recorded another record-breaking year in 2019. Figures released show new high marks for cargo tonnage passing through the Port’s public and private marine terminals, as well as new benchmarks for containers and the number of cars and light trucks handled…
Austal Philippines launched Hull 419, a 109 meter high-speed catamaran ferry being built for Fjord Line or Norway at Austal's Balamban shipyard in Cebu.The vehicle-passenger ferry, to be known as FSTR, is the largest aluminium vessel ever launched…
Waterways Council, Inc. (WCI) President and CEO Michael J. Toohey has revealed plans to retire, the group announced to its Board of Directors and members at its meeting in Washington, DC on Wednesday.“Having turned 71 this month, I believe it is time to focus on my faith…
S.C. Ports Authority was awarded a nearly $20 million federal grant to assist with building vital infrastructure at Wando Welch Terminal in support of the Charleston Harbor Deepening Project.The U.S. Department of Transportation awarded the Port Infrastructure Development Grant for S…
Colleen Stephens, President of Stan Stephens Glacier & Wildlife Cruises will be President of the Passenger Vessel Association (PVA) for 2020, the trade association announced.Elected during the PVA Annual Convention at MariTrends 2020 held February 3-6…
A.P. Moller - Maersk has appointed Patrick Jany as its new chief financial officer, effective May 1, 2020.Jany, a German citizen, joins the world's largest shipping company as CFO and a member of the executive board after more than two decades with Swiss chemicals company Clariant…
Upstream companies cut 208 deals worth $156 billion in 2019, with value up $26 billion year-on-year. However, the number of transactions was 40 percent below the five-year trend, pointed out latest report by Deloitte.That, combined with the…