Japanese shipping giant Mitsui O.S.K. Lines (MOL) formulated MOL Group Environmental Vision 2030 to present our cutting-edge initiatives for environmental preservation.'Shpping companies are responsible for undertaking the marine transportation…
APM Terminals Medport Tangier container terminal has officially opened its doors in Morocco.Part of the Tanger Med Port complex, it has an annual capacity of 5 million TEUs (twenty-foot equivalents).'With this new capacity, Morocco is establishing…
Japanese shipping company Mitsui O.S.K. Lines (MOL) has announced its plan to issue “Sustainability Bonds” for the financing of a series of green projects.This is the first time a company in Japan has issued sustainability bonds aimed at individual investors…
A $513.6 million operating budget for fiscal year 2020 has been approved at the Port of Oakland. The Port’s governing Board OK'd the spending plan at a meeting yesterday.The new budget is up about 4 percent from the one adopted for fiscal year 2019…
Crowley Logistics has promoted two of its veteran leaders, Sal Menoyo and Patrick Collins, to continue advancing the efficiency and growth of its integrated supply chain services in the U.S., Puerto Rico and Caribbean islands.Menoyo has been named vice president…
More than 135 shipping lines at the Port of Long Beach recently were lauded for voluntarily participating in the Port’s Green Flag Incentive Program, which offers financial incentives for cargo vessels to slow down near the port to reduce air pollution…
For the first time in its nearly 50-year history, Port of Indiana-Burns Harbor welcomed general cargo vessel HC Melina carrying a unique shipment of two, large rubber-tire gantry (RTG) cranes destined for the CSX Intermodal Terminals’ facility in Chicago…
Kent-based Saga sails into its future, as the first of two new boutique cruise ships, Spirit of Discovery, arrived at her home port of Dover for the first time. Sailing past the iconic White Cliffs and into Dover’s recently developed Western Docks…
Four winning school classes attended the prizegiving of the ‘design your ship for the future’ competition at MARIN (Netherlands Maritime Research Institute). The winning ship, with the shape of a sailfish, a retractable sail, a frictionless…
An indictment of two Norwegian shipping executives was unsealed in the U.S. District Court in Baltimore, the Department of Justice announced.Ingar Skiaker and Øyvind Ervik have been charged with participating in a long-running conspiracy to allocate certain customers and routes…
With the new addition of APM Terminals MedPort Tangier, which has a capacity of 5 million TEU’s, Morocco's importance as a transshipment location grows. TangerMed Port is already ranked leading African port and is among the world’s top 50 container…
Colombo Dockyard PLC (CDPLC) delivered the first ever modern Cable Laying Vessel built for Kokusai Cable Ship Co. Ltd. (KCS) Japan, on June 21, 2019. This is the biggest vessel, both in terms of length and price, ever built by Colombo Dockyard in its history…
Exmar Netherlands, a fully owned subsidiary of Belgium’s Exmar and a manager of specialized floating assets, has completed the bond repayment issued in 2014, extended in July 2017 and maturing in July 2019.According to a press note from the Nicolas Saverys-led shipowner…
Navico, parent company to the Lowrance, Simrad, B&G and C-MAP brands, announced on Thursday that its board of directors has appointed Knut Frostad as President and Chief Executive Officer.“Knut Frostad has been on Navico’s board for 14 years…
The U.S. Coast Guard announced that Charleston, S.C., will be the home of its newest National Security Cutter.“I am pleased to announce that Charleston, South Carolina will be the home of the Coast Guard's 11th National Security Cutter,” said Admiral Karl L…