As the global maritime community collectively is slowly pushed toward decarbonization, it is generally agreed that there is no ‘silver bullet’ technical solution and that progress will come in steps, led by public/private collaboration and funding…
Paul Cooke, President and CEO of Bosch Rexroth North America, based in Charlotte, NC, USA, will retire on December 31, 2020 after 38 years of service in various international positions within Bosch Rexroth. His successor as of December 1, 2020 will be Greg Gumbs…
In 2007, scholar Nassim Nicholas Taleb, who holds a doctorate from the University of Paris, wrote a bestselling book titled “Black Swan,” which proposed a theory involving unpredictable events with significant impact. Taleb believed that a black swan event was an outlier with significant impact and…
Earlier this year, The U.S. Department of State, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC), and the U.S. Coast Guard issued a new advisory to provide those engaged or involved in trade in the maritime industry…
The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects rates for capesize, Panamax and supramax vessels, shed 16 points, or 1.1%, at 1,488.The index registered a small 0.5% weekly gain. The capesize index fell 46 points…
Bulk carriers are the workhorses of international maritime trade. Those responsible for operating them need to manage significant risks inherent to the dry bulk trade. Certain cargoes can deplete oxygen, catch fire, explode, corrode holds or simply deteriorate…
labor union representing Argentine grains port workers said on Thursday that it suspended a scheduled strike over wages after the government called for talks between the workers and their companies.The URGARA union, which represents inspectors…
KVH Industries, Inc. launched the newest marine satellite TV antenna in its TracVision series. A 1-meter ultra-high efficiency marine antenna, the TracVision TV10 provides the biggest coverage footprint in KVH’s TracVision series and is designed to provide boat owners…
Oil and gas exports from the United States have been severely disrupted by Hurricane Laura, with nearly a million barrels per day (bpd) of crude exports likely reduced this week by closures of U.S. Gulf Coast terminals and disruptions at ports…
The Port of Houston, the United States' largest energy export port, began reopening to commercial shipping on Thursday after a day-long closure due to Hurricane Laura, the U.S. Coast Guard said.Ports along the Texas and Louisiana coasts were…
International maritime law specialist Hill Dickinson announced the death of Patrick Hawkins, head of its office in Greece.Hawkins died in the hospital on August 20, having suffered a heart attack in early July. His funeral took place in Athens on Monday…
Intelligent remote communication solutions provider Applied Satellite Technology Ltd (AST) said it has entered into a joint venture with Wright Technologies, a provider of marine electronics services to the South Pacific markets.AST Group Managing Director…
Loadings of liquefied natural gas (LNG) cargoes from the United States likely will be delayed as a powerful storm strikes the heart of the U.S. oil and gas industry on the Gulf Coast, forcing several LNG plants to shut.Hurricane Laura made landfall…
Royal IHC said it handed over the 3,000m³ trailing suction hopper dredger (TSHD) Mont Mandara to Cameroon’s Port Authority of Douala (PAD) on August 20. The delivery completes the PAD fleet, following its acquisition of an IHC Beaver 50 cutter suction dredger and a DMC workboat in 2019…
Oil tanker group Frontline reported a big jump in second-quarter earnings on Thursday as energy traders paid to store crude that went unsold amid the COVID-19 pandemic, the company said on Thursday.Frontline's April-June adjusted net profit rose to $206…
