The Maryland Department of Transportation Maryland Port Administration (MDOT MPA) and the U.S. Army Corps of Engineers (USACE) are marking a milestone of environmental stewardship this month on the landmark restoration of Poplar Island near Talbot County…
Port, logistics and towage services provider SAAM announced on Friday that it has finalized a $49.7 million deal to purchase 70% of post-capitalization shares of Intertug, enabling SAAm to begin towage operations in Colombia and expand its operations…
Testing, inspection and certification group Bureau Veritas (BV) announced Friday that its MAC (Maritime Assurance & Consulting) will officially become Bureau Veritas Solutions Marine & Offshore (BVS), the technical advisory, asset management…
Scottish regional development agency, Highlands and Islands Enterprise (HIE), has approved an investment of up to £8.3m in Scottish Government funding for an £18.9m project to develop the East Quay at Global Energy Group's Port of Nigg facility…
Jumbo Shipping recently transported a 1435t shiploader, measuring 135 x 25 x 43 metres, from Vietnam to Canada for the machine’s manufacturer Tenova.After almost two years of engineering, the Jumbo Kinetic lifted and shipped the gigantic shiploader from Phu My Port to Vancouver…
Sea Machines Robotics, a developer of autonomous command and remote-helm control systems, has promoted Phil Bourque to the role of business development and sales director, U.S. Government, effective immediately.In his new position, Bourque will…
Savannah-based Colonial Group Inc. has announced a new era of leadership as it prepares to mark a major milestone in the company’s history in 2021.Christian B. Demere (Demere) has been named chief executive officer, succeeding his father, Robert H…
What started as a red-hot container market for Far East to U.S. trades has now spread to other routes, with rates from the Far East to Brazil seeing particularly high spot rates, BIMCO says. On January 24, 2021, the base freight rate for a forty…
In the more than two decades since the Kyoto Protocol was adopted, national policies on climate change have had dangerously and disappointingly little effect on global emissions.Within the current economic system, perhaps the most ambitious…
A plunge in the volume of crude oil stored on ships combined with unexpected cuts from top producer Saudi Arabia have created a glut of vessels available for hire, pressuring the outlook for supertankers this year.Earnings for very large crude…
The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, dropped for the fifth session in a row on Thursday, as rates waned for capesize and panamax vessel segments.The Baltic dry index, tracking rates for capesize…
Wallem has signed an agreement with the Ocean Technologies Group to implement its recently launched OCEAN Learning Platform.The OCEAN Learning Platform is designed to deliver blended learning, assessment and competency management solutions to improve knowledge…
New England’s busiest port moves closer to welcoming larger containerships and growing the regional economy with the completion of the second phase of a three-part dredging program last month, nearly one year ahead of schedule.Cashman Dredging and JV partner The Dutra Group began Phase II of the U…
French shipping group CMA CGM said on Wednesday it has reached an agreement with Egypt to operate a future container terminal at the port of Alexandria.Operations at the planned terminal are due to start in 2022, CMA CGM said in a statement.(Reporting by Gus Trompiz Editing by Chris Reese)
The Baltic Exchange's main sea freight index slipped to its lowest in nearly three weeks on Wednesday, dragged by a drop in demand for the larger capesize vessel segment.The Baltic dry index, tracking rates for capesize, panamax and supramax vessels ferrying dry bulk commodities…
