Tanker operator International Seaways Inc said on Wednesday it will buy Diamond S Shipping Inc for about $416 million, as it aims to expand its crude shipping capacity and create one of the largest U.S.-listed tanker companies.Diamond S shareholders will receive $10…
Classification society ClassNK said it has opened a Kyushu regional office in Hakata, Fukuoka, Japan on April 1, 2021.Hakata is the transportation hub of Kyusyu, the island located in the southwest part of the Japanese archipelago. On top of five existing survey stations in Kyusyu…
Crowley Maritime Corporation has promoted Alisa Praskovich to vice president of sustainability to orchestrate Crowley’s environmental, social responsibility and governance (ESG) activities. Based in Jacksonville, Fla., she reports to chief operating officer Ray Fitzgerald…
Commissioner Daniel B. Maffei has been named Chairman of the Federal Maritime Commission, as appointed by President Joe Biden on March 29, 2021. Maffei is a sitting member of the FMC and replaces Michael A. Khouri in the role of Chairman.A native of New York…
When Norwegian fish farming support vessel operator DESS Aqua wanted to improve connectivity on its vessels early last year, it had some demanding criteria. Now, just over a year later, it has installed a wireless system from ScanReach across…
A new project aims to leverage advanced AI and maritime enterprise software to enhance supply chain data for shipping at the Port of Halifax.BlueNode, which has developed an AI solution that optimizes maritime shipping, has partnered with Saab…
The International Cargo Handling Coordination Association (ICHCA) said it has appointed Richard Steele as the new head of ICHCA International. He will take over the role with effect from July 1, on the retirement of the current postholder Richard Brough O…
The U.S. Department of Transportation’s Maritime Administration is encouraging states and port authorities to apply for $230 million in discretionary grant funding for port and intermodal infrastructure-related projects through the Port Infrastructure Development Program (PIDP)…
Marine shipping drives 90% of global trade, moving over 11 billion tonnes of containers, solid and liquid bulk cargo across the world’s seas annually. Almost all consumer products we buy — or the raw materials required to make them — arrive at Canadian ports via ship…
The stranding of a container ship in the Suez Canal has created disruptions in the global shipping industry that could take weeks and possibly months to clear, top container shipping lines said.Around 30% of the world’s shipping container volume - including goods like sofas…
The blocking of the Suez Canal by one of the world’s largest container ships is likely to result in losses worth hundreds of millions of euros for the reinsurance industry, Fitch Ratings said, even as rescue teams were successful in partially refloating the vessel on Monday…
USTC has acquired BunkerEx in a move to step up and streamline digitalization activities across USTC companies.BunkerEx caters to digitalization and transparency within logistics and transport, providing accessibility and optimization of online platform for fueling costs…
The Vostochny Cosmodrome, a spaceport on Russian territory, is currently being built in the Amur region in the Russian Far East. As part of the project, Mammoet was contracted to unload 14 pieces of heavy and oversized equipment from a barge and transport them to the construction site 60 km away…
Turkey has approved development plans for a huge canal on the edge of Istanbul, Environment Minister Murat Kurum said on Saturday, advancing a project which has attracted criticism over its cost and environmental impact.The step came a year…
When Ritesh Mehra, 43, enlisted for a four-month stint as captain on a liquid gas tanker last July, he never expected to be stranded at sea until spring.“Twice it has happened that the ports are not allowing crew change,” Mehra told Reuters via Zoom from the bridge of the 80…
