APM Terminals has significantly increased its previously announced USD $70 million investment plans for the APM Terminals Port Elizabeth facility, and now plans an investment total of USD $200 million. This figure includes ordering four…
The U.S. Coast Guard awarded five firm fixed-price contracts for heavy polar icebreaker design studies and analysis Wednesday. The contracts were awarded to the following recipients: Bollinger Shipyards, LLC, Lockport, Louisiana; Fincantieri Marine Group…
Up to 20,000 tonnes of cocoa is rotting at Ivory Coast's ports and might not be sold as a wave of defaults by exporters has slowed buying, exporters and truckers told Reuters on Wednesday. The top cocoa producer's Coffee and Cocoa Council (CCC) acknowledged earlier this month that some firms…
Malaysia-based international offshore energy facilities and services provider Bumi Armada Berhad has announced that its Non-Executive and Non-Independent Director, Shapoorji Pallonji Mistry, has resigned from the Board of Directors of the Group…
U.S.-flag Great Lakes freighters (lakers) moved 2.1 million tons of dry-bulk cargo in January, a decrease of 125,000 tons compared to a year ago, according to the Lake Carriers’ Association (LCA). This January’s float was down nearly a quarter from the month’s five-year average…
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Wednesday due to strengthening rates across all vessel segments.The overall index, which factors in rates for capesize, panamax…
ZIM has announced that starting April 2017 (subject to FMC approval) an additional Asia-PNW service will join the ZIM’s Asia - Pacific North West service, which was previously announced. The new service will be named Zim Pacific North (ZPN)…
The 2017 Inland Waterways Conference is set to be held in scenic Cincinnati, Ohio, from March 6-8, 2017 at the Hyatt Regency Cincinnati.The event will feature full days of hot topics and VIP speakers to address emerging inland waterways topics and trends…
Greek owner of drybulk carriers DryShips Inc. has announced that it is re-entering the tanker shipping market as it agreed to purchase an Aframax tanker and a very large crude carrier (VLCC). DryShips has entered into agreements with unaffiliated third parties to acquire: - One 113…
Containership deliveries changed course in 2016, toppling from the record level of 1.7m TEU in 2015 to reach just 0.9m TEU, having previously increased each year between 2011 and 2015, says a report from Clarkson Research Services. If deliveries…
What happens when a solution to one or many obstacles ends up becoming an even larger problem? For seamen, one such problem is asbestos. Asbestos is a natural fiber that was mined for use in construction and household products. It became…
Spanish dock workers have called nine days of strikes to protest government plans to allow ports to hire non-unionized labor, El Pais newspaper reported on Tuesday, threatening to disrupt trade for up to three weeks from March 6. Dockers…
Kellye Walker, Huntington Ingalls Industries (HII) executive vice president and general counsel, was inducted into the DirectWomen’s 2017 Board Institute class. Walker is one of 20 elite women lawyers to be welcomed into this year’s class. The…
Leney Elected to Partner at Montgomery McCracken Melanie A. Leney has been elected to Montgomery McCracken’s partnership. Previously an associate with the firm, Leney is located in the firm’s Cherry Hill office and focuses her practice…
The International Chamber of Shipping (ICS) has published its latest Flag State Performance Table providing an annual overview of the performance of the world’s flag states against a number of criteria such as port state control records, ratification…
