Appetite for UAE global port operator DP World's $9bn loan financing is expected to weaken due to market turmoil caused by the coronavirus, bankers said.The loan was fully underwritten by Citigroup and Deutsche Bank, and went out to a wider…
Ships and their crews must be able to trade freely with minimal port restrictions to ensure supply lines don't freeze up while the coronavirus shuts down much of the globe, shipping and port officials said on Tuesday.After draconian steps to stop the spread of the virus…
VIKING Safety Academy has addressed a fast-emerging seafarer training issue brought by coronavirus by delivering a unique e-learning tool that can keep seafarers STCW-compliant until restrictions on movement and social interactions come to an end…
Shipowner d’Amico will trial remote inspection ship technology as the marine industry adjusts to the constraints placed on people’s movements imposed by national governments to limit the spread of COVID-19.Italian classification society RINA…
Maritime software, services and data analysis provider NAPA announced the appointment of Mikko Kuosa as Chief Executive Officer. Kuosa assumes the position from Ilmo Kuutti, who served as CEO of NAPA Group for three years. Kuutti continues as an Advisor and a member of the NAPA Board of Directors…
Huntington Ingalls Industries (HII) announced changes to its leadership team at its Newport News Shipbuilding division, effective March 13.Julia Jones was promoted to vice president of manufacturing and facilities, where she is responsible for all manufacturing and facilities operations…
The Port of Hamburg, responding to reports of bottlenecks in the supply of empty containers, conducted a flash poll this week asking shipping lines about the current situation and found that shipping lines see no appreciable scarcity of equipment in Hamburg and other German seaports…
Freight carriers are struggling to deliver goods by land, sea or air as the coronavirus pandemic forces Western governments to impose lockdowns, threatening supplies of vital products including medicines into the most affected areas, such as Italy…
The technology group Wärtsilä has delivered a navigation simulator and specific mathematical models to the Satakunta University of Applied Sciences (SAMK) in the city of Rauma, Finland. These will be used as an essential enabler in the Intelligent…
A union representing the on-demand dock workers has called off a vote that had been scheduled for Monday on whether to hold a strike at Latin America's largest port over concerns about risks from the coronavirus outbreak.In a statement on Sunday…
As of April 1, Marc van Heyningen will become the new Chief Operations Officer (COO) of Damen Shipyards Group. This completes the Executive Board of the leading Dutch maritime solutions provider.Marc is a MSc in Civil Structural Engineering…
Svitzer, the towage operator that is part of Maersk, announced a 10-year extension of its marine service contract with Sakhalin Energy Investment Company Ltd., a consortium set up to develop and manage the Sakhalin-II project, aimed at producing and exporting oil and liquefied gas…
Taking into consideration concern about quarantine requirements surrounding the global coronavirus pandemic, the Maritime Association of New York and New Jersey has rescheduled its 27th Annual International Maritime Hall of Fame Dinner. The new date is Thursday…
Freight operations at the Port of Cork continue to operate smoothly and its arrivals schedule remains unaffected amid the coronavirus pandemic, Ireland’s second largest port confirmed on Friday.In addition to the Port of Cork’s existing robust hygiene standards…
The Baltic Exchange's main sea freight index fell on Friday, posting its first weekly fall in six weeks, weighed by lower panamax and supramax vessel rates.The Baltic index, which tracks rates for capesize, panamax and supramax vessels that ferry dry bulk commodities…