About 80% of world trade is carried by sea, but the maritime industry handling these goods is on the frontline of climate woes, unless it adapts - fast.United Nations Conference on Trade and Development (UNCTAD) said that the transformation…
Global port operator DP World says it has completed the acquisition of Danish logistics firm Unifeeder for $748 million.DP World’s full acquisition of Unifeeder Group from Nordic Capital Fund VIII was announced in August, but finalized on Thursday…
The government of Panama gave a US$1.4 billion contract to build a bridge over the Panama Canal to Panama Cuarto Puente, a Chinese consortium.Panama Cuarto Puente consortium or so-called Panama Fourth Bridge Consortium, composed of China Communications…
Japanese shipping giant NYK has signed a long-term contract with a unit of French energy giant Total to charter two liquefied natural gas (LNG) carriers.According to the contract, Total Gas & Power Chartering Ltd (TGPCL) will charter from NYK…
A longtime Santa Clara County audit and accounting manager becomes the Port of Oakland’s Chief Audit Officer next month. The Board of Port Commissioners said it has appointed Rebecca Haggerty to its top auditing post.Currently the Internal Audit Manager for Santa Clara County…
Eastern Libyan oil export ports have reopened after bad weather forced their shutdown, Libyan state oil company NOC said on Friday.NOC's statement said storage tanks at the port of Es Sider could accommodate three days of production. One vessel…
The Baltic Exchange's main sea freight index, tracking rates for ships ferrying dry bulk commodities, rose for the fourth straight session to touch a one-month high on Friday, boosted by strong demand for capesize vessels.The overall index, which factors in rates for capesize…
Several tankers carrying diesel fuel are floating off Taiwan and Southeast Asian waters as a steep fall in oil prices kept buyers at bay, trade and shipping sources said on Friday, helping push rates to their highest since January 2016.With tanker rates also boosted by strong Chinese oil exports…
Swiss container shipping company Mediterranean Shipping Company (MSC) paid $630,625 in penalties to the California Air Resources Board (CARB) for violating the Ocean-Going Vessel At-Berth Regulation.According to CARB, the violations were discovered…
The International Transport Workers' Federation (ITF) warns that a major accident on the Panama Canal could be imminent, highlighting the serious health and safety concerns related to the fatigue of tugboat captains.The new report takes the Panama Canal Authority (PCA) to task with tiredness…
Fincantieri's Marghera shipyard in Venice launched the Carnival Panorama, a sister ship of the 4,000-passenger Carnival Vista and Carnival Horizon.The the largest shipbuilder in Europe said in a press release that interior fittings will now begin…
ADNOC Logistics & Services (ADNOC L&S), a wholly-owned subsidiary of UAE's ADNOC, has signed an agreement with Japan's Inpex Corp to collaborate on LNG bunkering activities.Under the agreement, ADNOC L&S and Inpex will explore opportunities…
Eastern European country Ukraine has acceded to an important International Maritime Organization (IMO) ship safety treaty – the 1988 Protocol relating to the International Convention on Load Lines.Limitations on the draught to which a ship may…
The recently signed smart carrousel plan in the Waalhaven is expected to give breakbulk and heavy cargo companies space for further growth in Rotterdam’s Waalhaven.In the coming three-and-a-half years, 12 hectares of industrial site and 1,155 metres of quay will undergo a user change…
Florida-based Crowley Logistics has added 400 new refrigerated (reefer) cargo containers to its industry-leading equipment fleet just in time for the peak perishables shipping season beginning in Central America.The additional units, all 40-foot-long…
