Shipping group Maersk expects 2022 earnings to be around as high as last year, it said on Wednesday, as the supply chain disruption that sent freight rates soaring extends into the first half.It expects underlying earnings before interest, tax…
Trade group the Pacific Northwest Waterways Association (PNWA) announced it has hired Heather Stebbings as executive director.Stebbings has 15 years of advocacy and public policy experience for the PNW maritime community, including 13 years directing communications and government relations for PNWA…
The MIT Energy Initiative (MITEI) launched a new research consortium—the Future Energy Systems Center—to address the climate crisis and the role energy systems can play in solving it. Randall Field, Executive Director, discusses current research and the challenges ahead for the maritime sector…
The U.S. trade deficit surged to a record high in 2021 as imports increased sharply amid the restocking of shelves by businesses to meet robust domestic demand.The sharp widening in the trade gap reported by the Commerce Department on Tuesday…
German shipping company Hapag Lloyd expects delivery bottlenecks and high prices for container freight to start easing in the second quarter, its chief executive said.Assuming the current wave of the coronavirus pandemic is over, the loading and unloading of ships should function more smoothly…
The Maritime Institute of Technology and Graduate Studies (MITAGS) announced it has appointed Mike Rodriguez as interim director.'I am pleased that Mike Rodriguez has agreed to take on the day-to-day administration of MITAGS' academic programs…
As the tanker market languishes and the containershipping sector drives full speed ahead, Concordia Maritime announced it has embarked on a technical design study on the feasibility of converting several of its tankers to container carriers…
The U.S. Army Corps’ Mobile District published a “Market Research and Sources Sought Notice” seeking information on contractors for dredging within the boundaries of Sand Island Beneficial Use Area (SIBUA) in Mobile County, Ala.Note the ACE’s phrase here: this is a “sources sought synopsis…
The Isle of Man Ship Registry (IOMSR) announced it will reduce registration fees for ships deploying green technology, in a move aimed at spurring decarbonization in the maritime industry.The new measure, which the flag state claims is the first of its kind in the world…
Ports giant DP World on Monday reported a 9.4% rise in 2021 container volumes, though growth rates moderated in the fourth quarter which the Dubai state company said was expected due to the impact of COVID-19, inflation and supply chain issues…
Indiana Cargo Crossroads is a working partnership of Ports of Indiana and Superior River Terminals Indiana (SRTI). The new general cargo operator began work in Jeffersonville Jan. 1 providing stevedoring and distribution services to customers…
Chinese (Lunar) New Year holidays concluded this week and there appears to be a real spring in the step of industry players, as international ship recycling markets continue to push on once again, according to GMS.Both, Pakistan and Bangladesh…
Abu Dhabi's AD Ports Group, owned by sovereign wealth fund ADQ, said it raised 4 billion dirhams ($1.1 billion) in proceeds from its primary issuance and would list its shares on the bourse on Tuesday.AD Ports Group, which operates ports, logistics and industrial zones…
It takes determined leadership to bring a culture of innovation to large and historic institutions like the U.S. Navy. Regarded as a successful leader in electromagnetic systems certification at Naval Surface Warfare Center Dahlgren Division (NSWCDD)…
Danish marine pump specialist Svanehøj has established Svanehøj France – a new independent business for production, sales and service of land-based liquefied natural gas (LNG) tank gauging systems and hydraulic liquefied petroleum gas (LPG) safety valve systems…
