Each year on May 22 the US celebrates National Maritime Day. May 22 was declared National Maritime Day in 1933 to honor the SS Savannah’s departure from Georgia to England in 1819 to become the first successful steam-powered ship to successfully cross any ocean…
The number of containers lost overboard from ships at sea has been on the decline, according to a recent report from the World Shipping Council (WSC).The 661 containers lost at sea during 2022 is significantly lower that the average of 1,566 containers lost each year since 2008…
Marine towage provider Boluda Towage announced it has strengthened its partnership with Togo, highlighting its capacity for expansion, growth, and internationalization in the West African nation.The main purpose of this meeting was to evaluate…
AD Ports Group said it has sign a memorandum of understanding (MOU) with the Karachi Port Trust (KPT) paving way for enhanced bilateral cooperation and increased efforts in the development, expansion and digitalization of port projects within Pakistan…
International Container Terminal Services, Inc. (ICTSI) reports its Kribi Multipurpose Terminal (KMT) operation in Cameroon has seen a significant increase in productivity after introducing eco hoppers earlier this year.Since January 2022, KMT has handled 21 dry bulk vessels along with roughly 600…
Malaysian tycoon Syed Mokhtar Al-Bukhary is looking at bringing in an investor into MMC Port Holdings - a deal that could value the country's biggest port operator at more than 12 billion ringgit ($2.7 billion), two people with knowledge of the matter said…
Mitsubishi Shipbuilding and Nihon Shipyard -- a Tokyo-based joint venture for ship design and sales between Imabari Shipbuilding and Japan Marine United Corporation -- have started joint study for the development of an ocean-going liquified CO2 (LCO2) carrier…
ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) announced its consolidated results for the three months ended March 31, 2023.Net loss for the first quarter was $58 million (compared to net income of $1,711 million in the first quarter of 2022)…
Shipping finance markets for the rest of 2023 look positive, with a depth of lenders, banks, leasing houses and alternative credit funds all seeking to grow their portfolios and offer the best terms to win projects; and competition between lenders…
Some U.S. importers who shifted cargo away from West Coast ports to rival gateways over fears that labor contract talks could disrupt shipments have begun bringing some of that volume back, even as those negotiations stretch into their 13th month…
The Black Sea grain corridor designed to ensure the safe supply of Ukrainian food to world markets has not yet resumed operation despite statements by Turkey and Russia on extending the agreement, a senior Ukrainian official said on Thursday…
The Ukraine Black Sea grain deal has been extended for two more months, in what U.N. Secretary-General Antonio Guterres hailed as 'good news for the world,' a day before Russia could have quit the pact over obstacles to its grain and fertiliser exports…
Seattle-based dredging and marine construction contractor Manson Construction Co. has been awarded a contract for dredging in Alabama, Mississippi and FloridaThe $49 million firm-fixed-price contract was awarded by the U.S. Army Corps of Engineers Mobile District…
Samsung Heavy Industries (SHI) held aTechnology Road Show in Europe as an official debut of its new design ship.SHI held its 'Samsung Technical Seminar in Athens' at the Marriott Hotel in Athens, Greece, and announcing details on a pair of new designs: an LNG carrier and a container ship…
The EU Commission has put forward proposals for the most ambitious and comprehensive reform of the EU Customs Union since its establishment in 1968. The changes are expected to be implemented gradually from 2028. The measures proposed will massively simplify customs processes for business…
