Egypt has reopened the Red Sea port of Sharm El Sheikh after closing it earlier on Wednesday because of bad weather, the Red Sea Ports Authority said.Winds had decreased to 6 knots and wave height ranges to between one meter and 1.5 meter compared…
Liebherr reports that it had a record year in 2021 in its maritime mobile harbor crane business, logging an order intake volume of 80+ new units, a record level for the company.Including additional sales of used units, Liebherr mobile harbor cranes were ordered from 31 different countries…
The U.S. Army Corps of Engineers released a contract opportunity on January 25 starting the process to acquire a new Medium Class Hopper Dredge (MCHD) to replace the current dredge McFarland. The new MCHD will be part of the USACE minimum fleet and operate for the Philadelphia District…
As of the end of January 2022, there were over 45 projects in development representing a $136 billion capital expenditure and $4.4 billion annual OPEX opportunity that are forecast to be brought on stream within this and early in the next decade…
Niels G. Stolt-Nielsen has decided to step down from his role as Chief Executive Officer of chemical tanker operator Stolt-Nielsen Limited.The company said Wednesday he'd continue as CEO and as a Director on the Board until the appointment process for a successor has been completed…
The Oregon International Port of Coos Bay received notification from House Transportation and Infrastructure (T&I) Committee Chairman Peter DeFazio that the United States Army Corps of Engineers (USACE) included $32.7 million in their FY2022…
North America's largest seaport said it is bolstering its cybersecurity readiness and enhancing its threat-sharing and recovery capabilities among supply chain stakeholders with the launch of its new state-of-the-art port community cyber defense solution…
Swiss-based shipping group MSC and German carrier Lufthansa want to buy the majority of Alitalia successor ITA Airways and have asked for an exclusivity period of 90 days to study the deal, MSC and ITA said on Monday.The state-owned airline…
The Biden administration recently issued a sweeping Executive Order [1] aimed at protecting and enhancing competition, and the transportation sector—including air, ocean, and rail—is among the industries specifically identified and likely to…
Nakilat took delivery of a newbuild LNG carrier, “Global Sealine”, which will be commercially and technically managed in-house by Nakilat Shipping Qatar Limited (NSQL). Built by Daewoo Shipbuilding & Marine Engineering (DSME) in South Korea…
TotalEnergies and CMA CGM launched Marseilles’ inaugural ship-to-containership Liquefied Natural Gas (LNG) bunkering operation in the Port of Marseille Fos, Southern France.CMA CGM BALI, a 15,000 TEU LNG-powered containership is deployed on the MEX 1service…
According to GMS, itt has been an increasingly static week in the Indian sub-continent ship recycling markets, especially after some early 2022 optimism displayed by a resurgent India in particular.Sales on various specialist units soared this…
The Biden administration on Wednesday said it will fund $14 billion in projects to improve the country's ports and waterways in an effort to increase climate resilience, improve drinking water sources and bolster the U.S. supply chain.The funds…
Containerized, loaded import cargo volume hit a new record at the Port of Oakland in 2021. The port on Thursday reported that it handled the equivalent of 1.05 million 20-foot import containers in 2021, the most in Oakland’s 94-year history and 6% above 2020 totals…
Gary Vogel, chief executive officer of Eagle Bulk Shipping Inc., has been named as the Connecticut Maritime Association (CMA) Commodore for the year 2022.The 2022 Commodore Award, given each year to a person in the international maritime industry…
