Another major shipping line is bringing first-call service to the Port of Oakland in 2021. The Port said today that Geneva-based MSC would launch an Oakland route to Southeast Asia Nov. 6. MSC said its weekly service would link Oakland with ports in Malaysia…
A public-private partnership will aim to establish Salem Harbor as the Massachusetts’ second major offshore wind port.Vineyard Wind, set to be the first ever commercial scale offshore wind farm in the U.S., will work with Crowley Maritime Corporation and the City of Salem for the project…
Richard (Rick) W. Spinrad, Ph.D., was sworn in on June 22, 2021 as the Under Secretary of Commerce for Oceans and Atmosphere and the 11th NOAA Administrator. Dr. Spinrad has a long and distinguished career, and he certainly needs no introduction to the MTR audience…
Canada Pension Plan Investment Board (CPPIB) said on Wednesday it had agreed to buy Ports America, one of the largest marine terminal operators in the United States, from investment firm Oaktree Capital Management LP.While no valuation was given in the announcement statement…
Supply constraints thwarting global economic growth could still get worse, keeping inflation elevated longer, even if the current spike in prices is still likely to remain temporary, the world’s top central bankers warned on Wednesday.The disruptions…
Through a complex operation to offload bulk salt, NORDEN is optimizing the supply chain for customer Empremar.At a chemical plant in California, 30,000 tonnes of salt is being offloaded from a bulk carrier onto a private terminal. The salt will…
Greek lawmakers on Thursday approved an amended deal with Chinese shipping group COSCO that will allow it to raise its stake in Greece’s biggest port of Piraeus, paving the way for Greece to secure a major investment.Under a 2016 Greek privatisation deal…
Global container liner problems related to post-corona logistics hiccups have intensified in the third quarter and show no sign of letting up, the world's number five operator, Hapag-Lloyd, said on Thursday.Chief executive Rolf Habben Jansen…
Eric Venable recently joined HDR as the new federal transportation director.HDR has a long history of providing key transportation expertise to the federal government, whether federal highways, coastal ports, defense installations or more.Venable…
Kongsberg Digital (KDI) said it has signed a contract to deliver a suite of multipurpose simulation solutions to the Arab Academy for Science, Technology and Maritime Transport Branch in Sharjah (AASTS), United Arab Emirates. The state-of-the…
As the average length of the journey increases, partly due to port congestions in China, soaking up capacity and pushing up spot rates, shipowners will likely be enjoying high freight rates until the end of the year.Iron ore spot freight rates from Western Australia…
The Jacksonville Port Authority (JAXPORT) Board of Directors selected new officers during its monthly meeting on Sept. 27, unanimously electing financial services executive Wendy O. Hamilton as Chair.Hamilton is a certified financial planner…
The University of Houston’s College of Technology will host the 12th Annual Maritime Risk Symposium, a virtual event, in collaboration with the National Academy of Sciences from November 1-5, 2021.The Maritime Risk Symposium is an annual conference in which government and maritime industry leaders…
The Baltic Exchange's main dry bulk sea freight index extended its rally on Tuesday, rising about 5% to its highest in 13 years, steered by strong gains in capesize rates, and helped by demand for smaller vessels.The overall index, which factors in rates for capesize…
U.S. soybean exports jumped last week to a six-month peak, while corn shipments were the highest in a month as Louisiana Gulf Coast terminals steadily ramped up operations disrupted nearly a month ago by Hurricane Ida, preliminary data showed on Monday…
