The long-established processes and practices associated with bulk commodity shipping present distinct challenges. For cargo owners, they mean a lack of transparency – leading to significant inefficiency and waste. OceanSMART Managing Director…
Global container shipping rates have surged to records on a spike in restocking demand in the United States and Europe, container scarcity at export hubs, and changes in freight flows because of the coronavirus pandemic, shipping sources said…
The Port of Oakland said Wednesday that its October imports grew 10.4% compared to October 2019. The port also said containerized export volume was down 0.5% when compared to October 2019. Total TEUs for October were 216,686, up 5.8% compared to October 2019 when TEUs were 204…
Shipping group Maersk said on Wednesday it is confident about the outlook for shipping beyond 2020 as a second wave of coronavirus infections has only had a limited impact on global freight volumes.Maersk, the world’s biggest container shipping line…
Today, Broward County’s Port Everglades received three Super Post-Panamax container gantry cranes, the largest of their kind worldwide. The new cranes are part of the port's $3 billion 20-Year Master/Vision Plan Update, which will add new cargo berths…
Wilson Sons is the largest integrated port and maritime logistics operator in Brazil, operating more than 80 workboats. Marcio Castro, Executive Director Tugboat Division, discusses with Maritime Reporter the size, shape & technical direction of the fleet…
The United Nations shipping agency on Tuesday approved measures to boost energy efficiency in vessels as part of efforts to reduce the industry's carbon footprint, a UN spokeswoman said.Countries approved the additional regulations to reduce…
Shipping group Maersk has raised its full-year earnings forecast, it said on Tuesday, citing increased momentum in fourth-quarter in global container volumes and freight rates.The company now expects earnings before interest, tax, depreciation…
Slow progress continues for U.S. Great Lakes-Seaway shipping: U.S. grain exports up 10.7%According to the latest figures, Great Lakes-St. Lawrence Seaway shipping recorded improvements in October with U.S. grain and project cargo shipments helping…
Ports of Indiana announced the promotion of Andrea Hermer from general counsel to chief operating officer, along with the addition of James Hall, as the new general counsel. Hall will take over responsibilities for corporate governance, compliance…
Fortescue Metals Group said on Tuesday it was assessing prospects to build an ammonia plant in the southern island state of Tasmania, as part of its push to become a major renewable energy producer.The project would include a 250-megawatt hydrogen…
Port Milwaukee and Michels Corporation have formally signed a lease agreement for nearly 17.5 acres at the port’s Grand Trunk site along the Kinnickinnic River. The agreement has an initial term of 20 years, and, with extensions, could continue for a total of 99 years…
Oceanology International, the world's largest exhibition and conference for the subsea sector, was originally scheduled for March 2020, subsequently rescheduled to December 2020 due to COVID-19. The organizers last month announced the need to…
Swedish-based waterjet propulsion systems supplier Marine Jet Power (MJP) said it has appointed Jonas Tegström as chief executive officer to succeed interim CEO Claes Rudling, who will resume his position on the board of directors.Tegström brings more than 20 years of senior management experience…
Marine industry experts from Portugal and Canada are staging a special Blue Economy conference to spark transatlantic business growth. WavEC Offshore Renewables is teaming up with the Embassy of Canada to Portugal to host ‘Advancing the Blue Economy through Intercontinental Collaboration’…
