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Latest News - page 469

 

IOMSR: First flag state to partner Eyesea ocean clean up initiative

Apr 28, 2021

The Isle of Man Ship Registry (IOMSR) has become the first flag state to formally back the Eyesea initiative, the not for profit organization formed last year to map marine pollution.The move will see the IOMSR director Cameron Mitchell become an ambassador of Eyesea while the registry…

CMA CGM Adopts Container Firefighting System

Apr 27, 2021

French shipping company CMA CGM has tapped VIKING Life-Saving Equipment to supply the HydroPen drilling and spraying solution for container firefighting duties on board 85 of its vessels.Where conventional firefighting solutions dowse containers on the outside…

Alexander Cairo Port Completes Project Labor Agreement

Apr 27, 2021

The construction of a new inland port at the confluence of the Mississippi and Ohio Rivers took another step forward on Tuesday as the Alexander Cairo Port District completed a project labor agreement (PLA) with the Illinois AFL-CIO. The project…

InterManager to Source Vaccinations for Seafarers

Apr 27, 2021

Frustrated by the lack of progress and slow pace of international efforts, ship management trade group InterManager said it will work separately to obtain COVID-19 vaccines to protect the world’s more than 1.5 million seafarers and thereby keep international trade routes open…

Maersk Lifts Outlook on Surging Demand

Apr 27, 2021

Shipping group Maersk lifted its full-year forecasts after a strong first-quarter performance driven by high demand which has led to supply bottlenecks and higher freight rates.Shares in Maersk rose 5% in early trading.Maersk raised its outlook for underlying earnings before interest…

Svitzer AMEA Appoints Benjamin-Lea as COO

Apr 27, 2021

On May 2, Tina Benjamin-Lea will take up the position as new COO in Svitzer’s AMEA region, reporting to Svitzer AMEA’s managing director, Nicolai Vinther Friis. Benjamin-Lea brings with her a wealth of experience within logistics after having worked for more than 30 years in the industry…

COSCO/OOCL’s CI1 Service to Call at APM Terminals Pipavav

Apr 27, 2021

APM Terminals Pipavav said it has secured CI1 (China-India Express) service operated by Cosco/OOCL. The weekly service to the Port Pipavav in India will carry Freights of all kind (FAK) for import and export to the Far East region. The first vessel…

Profiles in Training: Ken Chapman Senior Instructor, Maersk Training

Apr 27, 2021

Ken Chapman has led as deep and as broad of a maritime and offshore life as possible, an accrued experience and knowledge including being part of the team that had to coordinated during one of the offshore oil and gas industry’s worst disasters ever: the Piper Alpha…

Industry Urges Government to End Montreal Dockworkers Strike

Apr 26, 2021

Dockworkers at Canada's second largest port on Monday began their second strike in less than a year, as business leaders urged Ottawa to quickly end a walkout they said could cost the economy C$25 million ($20 million) a day.The federal Liberal…

Abu Dhabi Ports Hires Banks for Dollar Bonds

Apr 26, 2021

Abu Dhabi Ports has hired banks to arrange an issuance of 10-year U.S. dollar-denominated bonds, which it will use for general corporate purposes, a presentation for investors seen by Reuters showed on Monday.Citi, First Abu Dhabi Bank and Standard Chartered will act as joint global coordinators…

Baltic Dry Index Reaches Over 10-year High

Apr 26, 2021

The Baltic Exchange's main sea freight index on Monday drifted up to its highest since September 2010, as an uptick in rates for the larger capesize segment offset a drop in panamax vessel demand.The Baltic dry index, which tracks rates for capesize…

Suez Canal Hopes for Deal on Detained Ever Given

Apr 26, 2021

The head of the Suez Canal Authority (SCA) said on Monday he hoped talks would soon yield an agreement with the owner and insurer of a giant container ship which is still being detained since it blocked the waterway for six days last month.The…

Rune Mode Ramberg: A Leading Light Subsea

Apr 25, 2021

There are not many of the leading edge subsea processing projects Rune Mode Ramberg has not been involved in at some level. The list includes Tyrihans subsea pumping, Tordis subsea separation, studies on the Ormen Lange subsea compression project…

New Leadership for d’Amico's Dry Cargo Business

Apr 23, 2021

The d'Amico Group announced Cesare d'Amico has taken over as chief executive officer of the Italian shipowner's dry cargo business unit.Cesare d'Amico, who already serves as CEO of d'Amico Società di Navigazione SpA, has always been directly…

NOVATEK Elects New Board of Directors

Apr 23, 2021

Russia's largest independent natural gas producer PAO NOVATEK announced Friday that the annual general meeting of shareholders (AGM) approved the election of members to the board of directors.The following members were elected to the board of directors:Andrei I…

Logistics News

Wheat Prices Rise After US Diplomatic Attempts Falter

Wheat Prices Rise After US Diplomatic Attempts Falter

Russian Oil Freight Rates to India Remain High

Russian Oil Freight Rates to India Remain High

EU Wheat Falls Further As Market Awaits Black Sea Diplomacy

EU Wheat Falls Further As Market Awaits Black Sea Diplomacy

Russia Ships More Than 10 Million Barrels of Crude to China Via Northern Sea Route

Russia Ships More Than 10 Million Barrels of Crude to China Via Northern Sea Route

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Indonesia reopens airports after Anak Krakatau's ash has cleared
Hanwha South Korea seeks damages of $1 billion from Russia's Arctic LNG 2.
GE Aerospace buys castings manufacturer CPP for almost $12 billion