AXESS Networks (AXESS) has created a new business unit: AXESS Networks Maritime; a specialized business unit established to respond to the growing and sophisticated demands within the maritime sector.“The maritime business initiative is a major step within AXESS’ growth and diversification strategy…
Survitec completed a $372M refinancing with funds managed or advised by the Credit Group of Ares Management Corporation.“Successfully concluding this financing demonstrates the confidence we believe that Ares and M&G have in our business,' said Ray Leclercq…
French container shipping group CMA CGM is pursuing a plan to rebuild Beirut's port within three years, despite political deadlock in Lebanon that has prevented decisions on the port since a blast last August, a company executive said.A chemical…
The lucrative prospect of transporting COVID-19 vaccines by sea has intensified the spotlight on the maritime industry’s cold supply chain and its ability to carry high-value pharmaceuticals.At present, speed to market is critical to stemming the spread of the pandemic…
The Mississippi State Port Authority (MSPA) Board of Commissioners has named Jon Nass the new CEO and executive director of the Port of Gulfport, following a national search led by Tim McNamara, head of Odgers Berndtson’s Transportation and Infrastructure Practice in Washington…
The International Maritime Organization has recognized the contributions of a long-standing maritime industry chief and has presented its highest bravery accolade to two maritime pilots from Brazil and an off-duty seafarer from the Philippines…
China is paying a high price for its unofficial ban on coal imports from Australia, with the cost of domestic and alternative foreign supplies rising for both thermal and coking grades of the fuel.China, the world’s biggest importer, producer and consumer of coal…
Servogear announced it has seen record sales during the first quarter of 2021, and has established an order back-log of $14 million for delivery in 2021, compared to total sales of $9.1 million for the whole of 2020, driven by orders for zero…
The 186-meter Visentini RoPax vessel Stena Livia will initially join sister vessel Stena Flavia on the Nynäshamn-Ventspils route from mid-April, Stena Line announced. Later this year the pair will replace the existing tonnage on the ferry route between Travemünde and Liepaja…
The Liberian Registry has unveiled two new online platforms that aim to give seafarers easier access to apply for documents and credentials, and for taking Liberian license and upgrade examinations. The first platform is designed to allow seafarers…
A backlog of container ships carrying consumer goods has grown in some key strategic ports after a near week-long blockage in the Suez Canal, adding to ongoing disruptions to global trade, industry sources say.Dozens of container ships were…
French shipping company CMA CGM said its 23,000-TEU mega ship CMA CGM Jacques Saade has set a new world record for the highest number of full containers loaded on board a single vessel.The ultra-large containership (ULCS)—the world's largest…
Reinsurers are set to foot most of the bill for the grounding of the ship that halted traffic in the Suez Canal, industry sources said, with payouts expected to run into hundreds of millions of dollars.International supply chains were thrown…
BW Group and Miros are launching Miros Mocean, a joint venture to provide the shipping industry with a new standard in vessel performance optimization. Miros Mocean is aimed at filling the void identified by BW Group and Miros, aiming to provide…
A customer once told me that they had just completed a business continuity analysis and had identified their LMS as their second most mission-critical technology - second only to payroll! Take a moment to consider how much you rely on training technologies to sustain your operations and compliance…
