Middle East Navigation Service (MENAS), provider of aids to navigation (AtoN) in the Middle East Gulf region, said its is increasing rates and widening the group of ships that will be asked to pay for the service.The group has been providing…
Multipurpose carrier Intermarine and sister company Jumbo-SAL-Alliance (JSA) expand their presence in South America, opening a new office in Santiago.Intermarine and Jumbo-SAL-Alliance are joining Intermarine’s long-time agent, Marval, to form the new subsidiary JSA-Intermarine Chile…
The Port of Everett has welcomed Cara Craig as its new trade development director to support continued growth of the Port of Everett’s international seaport division, which represents nearly $30 billion in U.S. import and export value annually…
CMA CGM announced it has finalized its acquisition of two container terminals in the Port of New York and New Jersey as the France-based shipping and logistics group grows its supply chain presence in the United States.The company announced…
The offshore supply vessel industry has weathered a tumultuous decade characterized by a prolonged trough that tested the resilience of vessel owners. However, the tides have turned, and the industry is now experiencing a strong and much-awaited revival…
Long-term ocean freight rates slid once again in August, marking the 12th consecutive month of declines for beleaguered carriers.According to the latest real-time data from the Xeneta Shipping Index (XSI®), contracted rates fell 7.8% in August…
Global rice exports could fall by at least 4% in 2023 because of India’s restrictions on exports and El Niño’s impact on supply, says Filipe Gouveia, Shipping Analyst at BIMCO.“Replacing India’s rice exports is challenging, as India accounts for almost 40% of the world’s export of rice…
Australian livestock exporter Wellard has released its annual report and financial year 2023 financial results noting changes in trade patterns.Wellard’s financial results in FY2023 were significantly impacted by continued depressed live cattle…
Global LNG import capacity is set to expand by 16%, or 23 billion cubic feet per day (Bcf/d), by the end of 2024 compared with 2022, reports the US Energy Information Administration (EIA).Estimates based on trade press and data by the International…
Kinder Morgan KMI.N on Wednesday said its Port Manatee, Port Sutton and Tampaplex terminals in Florida sustained minimal damage due to Hurricane Idalia, and that it was also planning to shut its Charleston area terminals later in the day.The U…
Rusty Murdaugh has resigned as president of Austal USA effective August 30, 2023, the Mobile, Ala. based shipbuilder announced.Murdaugh was named president in September 2021 after serving as acting president since February 2021. During his tenure…
At least 30 commercial ships dropped anchor on Wednesday around Gabon's waters after military officers said they had seized power in the Central African country, according to data and maritime sources.Military officers in oil-producing Gabon said they had put President Ali Bongo under house arrest…
The maritime industry is often criticized as being slow to adopt new technologies. While ship building is an age-old industry, it is also varied: fishing, commercial, inland, marine construction, energy, passenger, recreation, defense, and the list goes on…
By now we have all heard about ChatGPT, an example of a “Large Language Model” technology which is remarkable in its ability to generate human-like responses to questions we ask of it. But is ChatGPT primarily a novelty, or can it provide real value in terms of its ability to create content…
Australia’s Port of Melbourne has appointed Leigh Petschel as Chief Financial Officer (CFO) effective November 13, 2023.Petschel will join the Port from Monash University, where he has been CFO and Vice President since mid 2021. Prior to Monash…
