Sergei Frank will step down as president and chief executive of Russian state-controlled shipping giant Sovcomflot after 15 years at the helm, four sources familiar with the decision told Reuters on Tuesday.Frank will give up operational control…
Norway based dry bulk shipping company Golden Ocean Group (GOGL) is planning to make a further investment in Singapore Marine Pte Ltd in connection with the acquisition of the majority of assets and operations of Swiss Marine by the latter.Swiss…
The Georgia Ports Authority (GPA) has revealed plans to double capacity at Garden City Terminal to 11 million twenty-foot equivalent container units per year.In Fiscal Year 2019, port-related industries announced $5 billion in new investment and 12…
Cosco Shipping Ports (CSP), the biggest terminal operator in the world, has appointed Feng Boming as its new chairman, replacing Zhang Wei who has quit the position.Feng Boming, a non-executive Director of the Company, has been re-designated…
The Port of Oakland’s refrigerated exports have jumped 20% in past year. The Port said it handled 119,756 20-foot containers of refrigerated exports from August 2018 through July 2019. That was up from 99,740 in the same period a year ago.'The…
The Zhoushan Islands are just off shore of east China's Zhejiang province, and lie south of Shanghai on Hangzhou Bay. The main island is home to a naval base, shipyards and a port. It is a busy island with a well-developed ferry system carrying…
Global growth in container volumes has picked up slightly in the second quarter of the year, with growth in the first seven months reaching 1.2%, compared to the just 0.8% in the first quarter.Global growth in container volumes has picked up slightly in the second quarter of the year…
Citing technical complexities, Meyer Turku is delaying the delivery of the cruise ship Costa Smeralda one month from mid-October to mid-November.With its new LNG propulsion system and many sophisticated rooms with stage and audio/video equipment…
Transnet National Ports Authority’s (TNPA) Port of Richards Bay welcomed the arrival of four new 5650-ton liquefied petroleum gas (LPG) storage bullets on Thursday, September 12th on board the vessel XIN LU.The bullets are for the 22,600-ton…
Wärtsilä has supplied simulators aimed to provide realistic hands-on training at a new facility in Portugal. The training center is developed and run by the Port Authority for the ports of Douro, Leixōes and Vano do Castelo (APDL), and was inaugurated…
Shipbuilder Metal Shark said it has delivered a new excursion vessel to Southwest Florida tour and charter boat operator Pure Florida.Sea Flight is a custom 40’ x 14’ welded aluminum foil-assisted catamaran designed and built to USCG Subchapter…
UK Maritime Minister Nusrat Ghani has pledged £730,000 (about $910,000) in Government funding to increase diversity, well being and skills in the maritime sector, including £100,000 (about $125,000) for a new scheme in which girls aged 11 to…
Tsuneishi Shipbuilding has delivered its first containership newbuilding from its yard in the Cebu, the Philippines.The Philippines yard’s first container vessel, a 1,944 teu Bangkok Max sized ship was delivered on 10 September. The Bangkok…
Saudi Arabia has temporarily halted production at two Aramco oil facilities that were attacked by Yemeni rebels, interrupting about half of the company’s total output.Saudi Aramco said the production of 5.7 million barrels of crude a day had…
General Dynamics (NYSE: GD) appointed General Dynamics NASSCO president Kevin Graney as president of General Dynamics Electric Boat, effective October 1. David J. Carver, NASSCO’s vice president and general manager of repair, will succeed Graney as president of General Dynamics NASSCO…