First financial steps have been made to cement the planned succession process of Torben Østergaard-Nielsen’s global shipping group United Shipping & Trading Company (USTC), based in Middelfart, Denmark.The next generation in the family-owned business…
The coronavirus pandemic has shutdown much of the U.S. economy for months and even as parts of it reopen, the data is beginning to reveal the extent of the damage that has been done and a slow recovery is taking a tentative shape.The second…
As the coronavirus pandemic reaches deep into Brazil’s Amazon, a ceaseless stream of trucks carry soybeans and construction workers to an expanding port complex in the heart of the forest.Indigenous activists have opposed the Itaituba port in Pará state for nearly a decade…
The coronavirus pandemic and ongoing U.S.-China trade tensions threaten the peak holiday shipping season for the Port of Los Angeles, which just suffered its slowest May in more than a decade, Executive Director Gene Seroka said on Wednesday…
Steve Parks, a long-tenured and well-known maritime media marketing persona, passed away suddenly of a heart attack on June 7, 2020. He was 45.Steve began his career in maritime publishing in 1998 selling the Shipping World & Shipbuilding. He…
China's Shanghai International Energy Exchange (INE) published rules for the low-sulphur fuel oil (LSFO) futures on Wednesday, according to the exchange's website.The new futures contract, which will be launched on June 22, will be traded at 10 tonnes per lot…
Classification society DNV GL launched a new guidance on vessel recycling to help shipowners navigate a regulatory environment that is becoming increasingly complex.With the IMO Hong Kong Convention not yet in force, strict enforcement of the…
William P. Doyle, a former U.S. Federal Maritime Commissioner, has been hired to lead the Port of Baltimore as the new executive director of the Maryland Port Administration, Maryland Governor Larry Hogan announced.Currently CEO and Executive Director of the Dredging Contractors of America…
Colombian police on Tuesday seized cocaine with an estimated value of $265 million in shipping containers at the Pacific port of Buenaventura, a city on the Andean country's Pacific coast, a senior official reported.Some 4.9 tonnes of the drug…
Cargo shipments rose at the Port of Long Beach in May as the economic effects of COVID-19 started to subside.Some 628,205 twenty-foot equivalent units (TEUs) of container cargo move through the port last month, a 9.5% increase from May 2019…
At the end of 2019 – December 27, to be exact – the US Department of Transportation, Office of the Secretary – filed a request for information regarding the development of a National Freight Strategic Plan (NFSP), required by the multi-year federal transportation bill…
Total number of Tanker orders are down by 26% for 2020 YTD compared to the same period in 2019. By comparing to 2018 YTD, this year there have been half the number of orders placed. This comes as no surprise as Europe and the US entered the lockdown phase of the pandemic earlier this year…
Terminal operating systems (TOS) solutions provider Tideworks Technology has entered into a joint venture with software applications and consulting services company Brenock Technology to deliver tech solutions aimed at helping the cruise industry rebound from the coronavirus pandemic…
Maritime risk management and environmental assessment organization RightShip launched its new Safety Score in response to industry feedback that called for more transparent methods of assessing vessels.RightShip said it has spent the last two…
Gauging the market impact of Italian shipyard Fincantieri's bid for France's Chantiers de l'Atlantique is proving difficult and is likely to take some time, the European Union's antitrust chief Margrethe Vestager said on Tuesday.Italy sees the…
