Helge Haugane, head of Equinor's gas and power trading, told Bloomberg News that the European Union could need up to 350 additional cargoes this year of liquefied gas (LNG).Haugane stated that in the worst case scenario, European reserves of gas could only be 30% full at the end winter…
Canada’s ability to expand and diversify international trade as a reliable trading partner hinges on significant port infrastructure investment in the coming years, according to the Port Infrastructure Needs Assessment, from the Association of Canadian Port Authorities (ACPA)…
Russia's Baltic Sea port of Ust-Luga continued fuel exports on Tuesday after a tanker ran aground following a blast in its engine room over the weekend, according to industry sources and LSEG ship-tracking data.Authorities said a Suezmax tanker called Koala carrying around 130…
Damen Shiprepair Vlissingen (DSV) and Rossilini’s Four-10 signed a contract for the outfitting of the REV Ocean. The contract covers both the interior and exterior of the state-of-the-art research and expedition vessel. The workscope will take place in DSV’s covered drydock…
American Association of Port Authorities (AAPA) President & CEO Cary S. Davis will testify on behalf of the port industry at a House Subcommittee on Transportation and Maritime Security hearing. The hearing, “Examining the PRC’s Strategic Port…
Alvarez & Marsal (A&M) India, has announced the appointment of Saurav Kumar as Managing Director within its Infrastructure and Capital Projects practice in India. This strategic appointment underscores A&M’s commitment to bolstering its capabilities…
The Swedish Club announced the launch of its Passage Plan+ Guide, a resource designed to support shipowners, operators, and navigational officers. “As an insurance company, we handle many claims yearly, and issues regarding Voyage/Passage planning are a recurring theme…
Belships ASA, a leading shipowning company specializing in Ultramax vessels, reported solid financial results for the fourth quarter of 2024, showcasing the growth of its fleet and robust profitability amidst challenging market conditions.:Belships posted an EBITDA of $19…
The Oakland Board of Port Commissioners has approved the Port’s Strategic Plan for the years 2025-2030.The plan unveils ambitious goals for the port’s seaport, airport, commercial real estate holdings and its publicly-owned utility, including…
Starting March 1, 2025, ocean common carriers of containerized cargo are expected to file documented export strategies with the US Federal Maritime Commission (FMC) on an annual basis.The increased obligation is one of several notable developments…
The Baltic Exchange's dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, retreated on Monday due to weaker larger vessel rates.The index .BADI, which factors in rates for capesize, panamax and supramax shipping vessels…
The Signal Mutual Indemnity Association honored Justin Weir, President of Florida International Terminal (FIT), with the Executive Leadership award for his work promoting worker safety and health.The association highlighted Weir's commitment…
DP World achieved a milestone at its Mundra International Container Terminal (MICT) with the highest-ever throughput of 1.42 million TEUs in 2024, an 11% surge in throughput compared to '23. Continuing its momentum in January, DP World Mundra achieved a record monthly throughput of 138…
Cavotec signed a multi-million euro order for its MoorMaster NxG automated mooring system to be installed at the Port of Dublin in Ireland. The order, signed at the end of 2024, marks the first deployment of MoorMaster technology in Ireland…
Terminales Marítimas de Vigo, S.L.U. (Termavi), a new Konecranes customer has ordered two hybrid Konecranes Rubber-Tired Gantry (RTG) cranes equipped with the complete range of Konecranes Smart Features. The order was booked in Q4 2024, and delivery is scheduled for Q4 2025…
