On February 23, 2024, the FMC issued its Final Rule on Detention and Demurrage Billing Practices, as required by Congress under the Ocean Shipping Reform Act of 2022. The rule went into effect on May 28, 2024. After the Final Rule was issued, the World Shipping Council, a trade association for vessel-operating common carriers organized under an FMC-filed agreement, appealed the Rule to the U.S. Court of Appeals for the D…
Glenfarne’s Alaska LNG unit announced on Thursday that it had finalized an arrangement to supply 1,000,000 tonnes of liquefied gas per year to South Korean trading company POSCO International from its planned project for export over a period of 20 years…
Liebherr Container Cranes has signed a contract to deliver two ship-to-shore (STS) cranes to Port Tampa Bay, marking Liebherr’s first STS installation on Florida’s Gulf Coast.The cranes will play a central role in the port’s Vision 2030 expansion…
Germany has been putting import terminals for liquefied natural gas into operation as part of its efforts to replace piped Russian gas following Moscow's invasion of Ukraine in 2022.The Brunsbuettel terminal received its floating storage regasification unit…
Sticking to legacy tactics won't beat China — adopt Secretary Hegseth's and the Army initiatives or surrender the edge.In a recent address, Admiral Christopher Grady, Vice Chairman of the Joint Chiefs of Staff, underscored the urgent need for…
Secretary of State for Wales, Jo Stevens MP, this week hosted the marine energy sector to discuss how industry and government can work together to realize Wales’ 6GW of tidal stream and wave energy potential. The discussion covered industry progress…
From EV charging to shore power, propane infrastructure offers a suite of capabilitiesEnergy reliability is critical at ports, and while propane power has traditionally been associated with equipment like forklifts and terminal tractors, its role at ports is rapidly expanding into new areas…
“Due to low contracting volumes in 2022, the crude tanker order book/fleet ratio bottomed out at 2.8% in March 2023. It has climbed steadily since and has now hit a nine-year high of 14.1%. The order book may kickstart the renewal of a fleet that has grown older on average since 2018…
