Singapore-based manager Norstar Ship Management (NSM) has appointed Lars Grünitz as its new Managing Director, replacing Christopher Kirton.Grünitz was most recently Head of Vessel Management and Process improvement for Berge Bulk and was previously Managing Director for Thome Ship Management…
March imports dropped 26% at the Port of Los Angeles and 5% at the adjacent Port of Long Beach - the busiest U.S. sea trade gateways - as the novel coronavirus wrecked havoc on commerce around the globe.Imports at major U.S. retail container…
China's energy giant Sinopec has started building storage tanks in the second phase of its Tianjin terminal project to receive liquefied natural gas (LNG), the company said in a statement.The plan for the second phase is to have five LNG tanks…
Valmet will supply automation and information systems for two luxury expedition vessels being built by Helsinki Shipyard Oy in Finland for Russia’s largest river cruise company Vodohod Ltd.The 113-meter-long and 20.2-meter-wide vessels will…
America's busiest cargo port moved 49,568 20-foot equivalent units (TEU) in March, down 30.9% from last year due to the COVID-19 pandemic, the Port of Los Angeles said on Wednesday. It was the lowest amount of monthly cargo moving through the Port of Los Angeles since February 2009…
Stena Line will permanently suspend operations on its ferry route between Trelleborg, Sweden and Sassnitz, Germany due to the coronavirus pandemic, the European operator announced on Wednesday.The cancellation comes after Stena Line announced…
The coronavirus outbreak has affected all aspects of the shipping industry, lowering, if not wiping out, demand growth prospects for the year across all segments. The outbreak has also affected fleet development, says shipping association BIMCO…
Responding to global COVID-19 travel restrictions, many firms are offering increased remote assistance to vessels where on-site visits are not an option.Technology company ABB said Wednesday it has increased the remote availability of technical…
It is clear that we are living in unprecedented times. Equally clear is that we will get through this pandemic, but that it is going to take some strength, stamina and especially some innovation to come through as unscathed as possible. It is…
During its annual meeting held March 25, the Duluth Seaway Port Authority Board of Commissioners elected officers for the fiscal year beginning April 1, 2020.The board re-elected Rick Revoir to serve his second year as president. Other appointments included Tony Sertich as vice president…
The United States’ second busiest seaport continued to feel the economic effects of COVID-19 in March with more canceled sailings and a decline in cargo container valumes, the Port of Long Beach said on Tuesday.Terminal operators and dockworkers moved 517…
Brazilian producers of tropical fruits including mangoes and papayas have been hit by falling European demand amid coronavirus and feel burnt after excessively relying on EU sales, lobby group Abrafrutas told Reuters on Monday.Europe was the…
Ships must be allowed to change over overworked and exhausted crews to help to keep trade flowing as coronavirus lockdowns shut many transit points across the globe, shipping industry officials said on Tuesday.About 90% of world trade is transported…
The Port of Wilmington is ready to welcome the largest containerships calling on the U.S. East Coast following an expansion project widened the turning basin in the Cape Fear River from 1,400 feet to 1,524 feet. The additional 124 feet allows 14…
Police in India lodged a case this week against an unknown online fraudster who tried selling the world's largest statue for $4 billion, claiming the proceeds would be used to help the Gujarat state government fund its fight against the coronavirus…
