China's COSCO Shipping Group and the Dalian Commodity Exchange (DCE) have signed an agreement to jointly work on developing shipping derivatives such as container capacity futures, according to an article posted by the bourse on Thursday.China's…
The world fleet is projected to grow by 6.4% over the coming five years, down from 7.4% in previous five years, says shipping organization BIMCO.Global shipyards are under pressure and 2021 is turning out to bring the third lowest level of newbuilding orders in 12 years…
Chinese refinery crude oil throughput has reached its highest level ever, with total processed volumes up 12% in the first five months of this year compared to 2020, and up 10.9% from the same period in 2019. In total 292.7m tonnes have been…
Fifteen companies from 11 countries were selected by a panel of industry experts, investors and entrepreneurs for the 6th PortXL acceleration program in Rotterdam. Starting in September, they will spend three months in Rotterdam. The PortXL…
The National Shipbuilding Research Program (NSRP) has announced the election of new officers to its Executive Control Board (ECB).Tom Perrine, Vice President of Engineering at Austal USA in Mobile, Ala. has been elected as ECB Chair for a two-year term…
South Africa's National Ports Authority (NPA) will operate as a stand alone business under the aegis of state-owned freight logistics group Transnet, President Cyril Ramaphosa said on Tuesday, as the country tries to overhaul some of the world's worst-performing ports…
MPC Container Ships ASA (MPCC) announced it has reached a deal to acquire fellow Norwegian-based container shipping company Songa Container AS for $210.25 million on a debt and cash free basis. The transaction is expected to be completed by the end of July 2021…
Maritime medical operations and public health provider VIKAND Solutions announced the appointment of Agnes Mathiesen as Healthcare Solutions Integrator of VIKAND Direct for commercial shipping, effective immediately.Len Quist, VIKAND Senior Vice President and General Manager…
After Prime Minister Justin Trudeau held a cordial first meeting with U.S. President Joe Biden in February, marking an end to years of battles with the Trump administration, a relieved Canadian official said, 'We feel we are off to the races here…
U.S. terminal and logistics company Enstructure announced it has entered into a definitive agreement to acquire Patriot Port Holdings LLC. Patriot Ports, the ports division of Patriot Rail & Ports and a sister company of Patriot Rail Company LLC…
UK's Unite union's Scotland unit on Tuesday said talks to prevent industrial action at Sullom Voe Terminal have ended with no movement on the part of Shetland Islands Council (SIC) to resolve the dispute over a long service award.Unless the Council accepts liability…
William J. Brennan, president of Maine Maritime Academy, announced he will retire after the upcoming school year, capping off 12 years of service to the institution.“It is an exciting moment for me, but I really do have mixed emotions about the announcement…
Israeli container shipping company ZIM Integrated Shipping Services Ltd. announced on Monday it has extend for two more years its cooperation agreement with the world's leading B2B eCommerce platform Alibaba.com, a business unit of Alibaba Group…
Lyttelton Port Company in Christchurch, New Zealand, has ordered four Konecranes Noell Straddle Carriers to expand its straddle carrier fleet in response to growing business. The new machines will be delivered towards the end of 2021. This order was booked in Q1 2021…
Ports of Indiana (POI) announced that it has hired Bernard (Ben) Weithman as the new Ports of Indiana-Mount Vernon port director.Weithman will lead port operations and business development for the Mount Vernon port. His industry experience includes more than 30 years in business development…
