Consilium Safety Group, a leader in fire, flame, and gas safety solutions, announced that Patrik Andersson will assume the role of Chairman of the Board. Patrik brings experience from senior leadership positions in global companies and will…
The U.S. trade deficit in goods increased in May amid a decline in exports, but an ebbing inflow of imports likely positions trade to make a big contribution to gross domestic product in the second quarter.The goods trade gap widened 11.1% to $96…
The U.S. sent letters to Enterprise Products and Energy Transfer on Wednesday informing the companies they could load ethane on vessels destined for China but could not unload the ethane in China without authorization, according to a person familiar with the matter and copy of one letter…
Crowley, a leader in logistics, marine and energy solutions, is expanding ocean shipping services with its first-ever route between the U.S. Northeast and Central America.Utilizing Crowley's new Avance Class vessels, powered by liquefied natural gas (LNG)…
The General Directorate of Merchant Marine (DGMM) of the Panama Maritime Authority (PMA) has issued a series of warnings to Panamanian-flagged vessels due to rising tensions in the Middle East, through Maritime Notice MMN-04/2025.The DGMM highlighted…
The handling of loaded containers in tight spaces has always been a logistical challenge. Now, the Norwegian equipment supplier Wee.no is launching ContainerWheels 2-in-1: A patented system designed to make container transport quicker, safer…
Over half a dozen U.S.-loaded ethane vessels, originally bound for China, have stalled around the U.S. Gulf Coast after Washington requested U.S. exporters seek licenses to ship the shale gas to the top buyer, according to trade sources and ship tracking data on Friday…
Police have dismantled a cocaine trafficking gang that shipped cocaine paste from Colombia to Belgium, the pan-European Europol police agency said on Tuesday.Europol said the operation resulted in 14 arrests, of which 11 were in Belgium, two in Germany and one in Italy…
New orders for key U.S.-manufactured capital goods plunged by the most in six months in April amid mounting uncertainty over the economy because of tariffs, suggesting business spending on equipment weakened at the start of the second quarter…
Alternative investment firm Investcorp has signed a cooperation agreement to invest in a $550 million infrastructure project in Port of Duqm in Oman.Investcorp Aberdeen Infrastructure Partners (AIIP) – a joint venture with Aberdeen plc, will be the shareholder in the project…
For the first quarter of 2025 A.P. Moller - Maersk A/S (Maersk) reports revenue growth of 7.8% to $13.3 billion with EBIT increasing to $1.3 billion from $177 million a year ago.The company states that these results, while sequentially down as expected…
Magazzini Generali Silos Frigoriferi (MGSF), part of the Klingenberg Group, has ordered a Konecranes Gottwald ESP.6 Mobile Harbor Crane to support its operational and environmental goals at the Port of Naples. The deal was booked in Q1 2025…
The Port of Klaipėda has achieved a strong start to 2025, with nearly 10 million tons of cargo handled in the first quarter—a 15% increase compared to the same period last year. This growth, amounting to almost 1.3 million additional tons, was…
Maersk said on Tuesday it had maintained all its scheduled trans-Pacific sailings to date, albeit downsising some vessels, despite the uncertainty caused by U.S. import tariffs and the trade war between the United States and China.German container…