As ASYAD Group continues the integration of Oman Shipping Company (OSC) and Oman Drydock Company (ODC), it has appointed Dr. Ibrahim Al-Nadhairi as Chief Executive Officer (CEO) for the Shipping and Drydock business units.Prior to his role, Dr…
A group of Swedish technology entrepreneurs and academics joined forces to accelerate the research and development of an AI-based, semi-autonomous system for planning and executing more energy efficient sea voyages.Leading the effort is Lean Marine…
China's Shanghai Futures Exchange (ShFE) said on Friday it would extend a waiver on delivery fees for all commodities traded on the exchange and the subsidiary Shanghai International Energy Exchange (INE) by one year, to Jan. 10, 2022.The ShFE and INE had in March waived the fees until Jan…
Prime Minister Boris Johnson's spokesman said on Friday it would be wrong to conflate large queues of lorries at British ports with the issue of Brexit, saying the congestion was mainly caused by a spike in consumer goods demand and COVID-19 disruption…
The Baltic Exchange's main sea freight index gained on Friday, and notched a weekly rise, on stronger rates across all vessel segments.The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, rose by 50 points, or 4…
CMA-CGM, the world's fourth-largest container shipping line, has told customers it will not take bookings for cargo due to arrive at ports in southern China over several weeks in early 2021 due to a suspension of service by feeder operators…
Swedish tanker shipping company Concordia Maritime has named Martin Nerfeldt as the new CFO and member of Group management. He will replace the current CFO Ola Helgesson, who has decided to leave his position to take on new challenges.Nerfeldt…
Mobile satellite communications company Inmarsat confirmed commercial service introduction (CSI) of its newest, most powerful geostationary satellite to date. GX5 is the 14th satellite currently in service with Inmarsat and provides additional…
Low water levels after dry weather in the past month continue to prevent cargo vessels from sailing fully loaded on the river Rhine in Germany, traders said on Thursday.Low water is hampering shipping throughout the river, especially around Cologne…
The Duluth Seaway Port Authority last week finalized acquisition of the Duluth Lake Port dock on Rice’s Point.Located immediately northwest of the Port Authority’s First Clure Terminal Expansion, but separated from it by the Azcon Metals recycling property…
Lebanon's investigating judge has charged caretaker Prime Minister Hassan Diab and three former ministers with negligence over the Beirut port blast that killed 200 people and ruined a swathe of the capital in August.The others are former finance minister Ali Hassan Khalil…
The Port of Gdynia Authority (PGA) in Poland has recently launched a formal procedure to select a private partner for the construction of the outer port in the Port of Gdynia.The project is a strategic investment of the Port of Gdynia Authority S…
The Baltic Exchange launched a new service for shipping investors, designed to provide a five-year snapshot view of the financial prospects of dry bulk carriers.The Baltic Exchange Investor Indices are designed to be an easy-to-use online dashboard…
Due to a confluence of factors, COVID-19 has adversely impacted merchant mariners more than virtually any other profession. The merchant marine is an international profession from a wide variety of countries, so there is no one nation standing up to represent them…
In 2018, Havyard Design & Solutions won a contract for the delivery of two ship designs to Royal Arctic Line A/S. Reefer vessel design was a new segment for Havyard and the first of the two ships, ‘Siuana Arctica’, has now been delivered from the Astilleros Zamakona yard in Spain…
