Latest News - page 475

 

No April Fool; Brexit Ready

Mar 23, 2020

Charles Hammond, chief executive of Forth Ports, owner of the Port of Tilbury, writes about a new British port coming to market.Coronavirus has slowed down world trade and interfered with the EU-UK trade talks, and the ripples continue to be felt through the world economy…

Svitzer Gets 10-Year Contract Extension with Sakhalin Energy Investment

Mar 23, 2020

Svitzer, the towage operator that is part of Maersk, announced a 10-year extension of its marine service contract with Sakhalin Energy Investment Company Ltd., a consortium set up to develop and manage the Sakhalin-II project, aimed at producing and exporting oil and liquefied gas…

Ocean Infinity’s Hunt for the Submarine San Juan

Mar 22, 2020

The search for the Argentinian submarine was like hunting for the proverbial needle in a hay stack, except that it was a piece of straw. Elaine Maslin reports. At 7.19am, local time, on November 15, 2017, the last message was received from the San Juan submarine…

IMF: Global Impact of COVID-19 will be Severe, but Temporary

Mar 21, 2020

As many markets struggle to find their footing in the face of the global COVID-19 pandemic, a recent podcast with Martin Muhleisen, director of the IMF's Strategy, Policy, and Review department, helps to lend insight and perspective from the view of the International Monetary Fund…

Saipem Inks Deal with Equinor on Floating Solar Farm Tech

Mar 20, 2020

Italy's Saipem has reached an agreement with Norway's Equinor to develop technology to build floating solar power farms close to the coast, the energy contractor said.The agreement is between Saipem's high-value services unit Moss Maritime and the Norwegian energy firm…

International Maritime Hall of Fame Dinner Rescheduled

Mar 20, 2020

Taking into consideration concern about quarantine requirements surrounding the global coronavirus pandemic, the Maritime Association of New York and New Jersey has rescheduled its 27th Annual International Maritime Hall of Fame Dinner. The new date is Thursday…

Business Continues at Port of Cork

Mar 20, 2020

Freight operations at the Port of Cork continue to operate smoothly and its arrivals schedule remains unaffected amid the coronavirus pandemic, Ireland’s second largest port confirmed on Friday.In addition to the Port of Cork’s existing robust hygiene standards…

Baltic Index Posts First Loss in 6 Weeks

Mar 20, 2020

The Baltic Exchange's main sea freight index fell on Friday, posting its first weekly fall in six weeks, weighed by lower panamax and supramax vessel rates.The Baltic index, which tracks rates for capesize, panamax and supramax vessels that ferry dry bulk commodities…

UAE Bans Ship Over Fuel Breach

Mar 20, 2020

The world's number two container line MSC is in talks with the United Arab Emirates after the Gulf country banned one of their vessels from entering its waters over what authorities said was a breach of tough new sulphur emissions rules for ships…

China's Reefer Situation Improving

Mar 20, 2020

Chinese port workers have made progress to move a logjam of refrigerated containers that has disrupted supplies of fresh and frozen food and pushed up freight rates outside China amid the coronavirus outbreakFrench container carrier CMA CGM…

Dredging: Essential Critical Infrastructure Workforce

Mar 20, 2020

On Thursday, the U.S. Department of Homeland Security’s Cybersecurity and Infrastructure Security Agency (CISA) released guidance to help state and local jurisdictions and the private sector identify and manage their essential workforce while responding to COVID-19…

Container Shipping Firms Brace for Coronavirus Hit

Mar 20, 2020

Leading container shipping firm A.P. Moller-Maersk scrapped its 2020 earnings forecast on Friday, while rival Hapag-Lloyd warned of slowing growth until at least June, as the coronavirus pandemic takes a heavy toll on global tradeThe container shipping industry…

FSL Trust Names Wenker CFO

Mar 20, 2020

Singapore-based First Ship Lease Trust (FSL Trust) has appointed Markus Wenker as chief financial officer, to replace Alan Mitchell, who is retiring.Wenker will take over the role and responsibilities May 4, following a handover process.Wenker…

Video: IMO Secretary General Kitack Lim Weighs in on COVID-19

Mar 20, 2020

International Maritime Organization (IMO) Secretary-General stressed vital need to maintain commerce by sea and protect seafarers' welfare in face of coronavirus shutdown.IMO Secretary-General Kitack Lim issued the following statement addressing…

Eye on Maritime Design: Better Ferries by (EBDG) Design

Mar 20, 2020

Elliott Bay Design Group is a well-known, long tenured Seattle-based naval architecture and marine engineering firm.We checked in with John Waterhouse, Chief Concept Engineer at EBDG, for insights on some of the design elements on the new Staten Island Ferries…

Logistics News

Algorithm Accountability

Algorithm Accountability

Tough Transshipment Penalties Not Expected Immediately Despite US Tariffs

Tough Transshipment Penalties Not Expected Immediately Despite US Tariffs

Maersk Raises Full-Year Profit Forecast

Maersk Raises Full-Year Profit Forecast

World’s First Green Ammonia Bunkering Operation Completed in Dalian

World’s First Green Ammonia Bunkering Operation Completed in Dalian

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White House: Azerbaijan, Armenia to sign peace accord
Officials say that Iraq has detained an oil tanker in a crackdown on smuggling.
HSBC adds space to Canary Wharf as a result of the HQ squeeze