'So far this year, container volumes have fallen nearly 2% year-on-year while average freight rates have declined, reaching 2019 levels in September. Since then, they have continued to fall. However, the cost to charter a ship remains 25% higher than in 2019…
ClassNK issued Approvals in Principle (AiPs) for four ship designs developed by Marine Design & Research Institute of China (MARIC).The four designs include:a 210k methanol dual-fueled bulk carrier, a 210k ammonia dual-fueled bulk carrier, a 210k LNG dual-fueled bulk carrier…
A.P. Moller-Maersk said it will introduce a risk surcharge next year on container shipments to Israel to cover rising insurance premiums due to the security situation.'Moving into 2024, insurance premiums continue to be raised for vessels bound for Israel…
The Port of Oakland has appointed Colleen Liang as its new Director of the Environmental Programs and Planning (EP&P) division. Liang joined the port in 2000 and has served in every environmental position, most recently as Acting Director of EP&P…
This week, Port Everglades received three additional Super Post-Panamax container gantry cranes as part of the port's $471 million project to expand its deepwater turn-around area for cargo ships. The ship-to-shore container gantry cranes are among the world's largest low-profile cranes…
Emirati multinational logistics company DP World announced a new sustainability target in India, aiming for at least 60% of the energy required at its terminal operations to come from renewable power sources by 2026—a mirror of the Indian government's…
A third battery electric tugboat built by Sanmar Shipyards in Türkiye has been delivered to HaiSea Marine,Canada. Haisea Brave is scheduled to work in Vancouver alongside its sisters HaiSea Wamis and HaiSea Wee'Git before all three – along with…
ClassNK awards AiPs for SDARI’s green fuels powered vehicle carriers for ammonia ready LNG dual fueled 7,000CEU, and both methanol/ammonia dual fueled 10,000CEUClassNK has issued Approvals in Principle (AiPs) for three vehicle carrier designs…
With only a few days to go until EU’s Emission Trading System (EU ETS) kicks in for the shipping industry from 2024. Bernhard Schulte Shipmanagement (BSM) reportes it has developed a comprehensive range of carbon compliance and EU ETS management…
Shipments of iron ore on the Great Lakes totaled 4.5 million tons in November, an increase of 1.5 percent from 2022. Shipments were below the month’s 5-year average by 1.7 percent.Year-to-date the iron ore trade stands at 46.3 million tons, an increase of 20…
DNV awarded an Approval in Principle (AiP) certificate to China Merchants Jinling Shipyard (Nanjing) Co., Ltd. for its 11,000-CEU capacity pure car and truck carrier (PCTC) design.Recognized as the world's largest PCTC, the 234m long and 40m wide ship will have 14 decks allowing 11…
The Northwest Seaport Alliance has named Jeff Bellerud as Chief Operating Officer, responsible for overseeing marine operations including rail, road, terminals, breakbulk operations, and management of the waterway.With extensive strategic level…
The Georgia Ports Authority Board has approved expenditure of $127 million to build the Blue Ridge Connector, an inland rail terminal in Gainesville, Ga., linking Northeast Georgia with the Port of Savannah’s 35 global container ship services…
A storage vessel for Mexico's first liquefied natural gas (LNG) plant departed U.S. waters on Monday for Altamira, Mexico, according to ship tracking data, putting the offshore project on track to soon inaugurate exports.LNG developer New Fortress Energy last week said its 1…
Monique Hezel-Reyntjens will retire effective December 31, 2023, having worked in and led what is now known as BeKa HGK GmbH for almost 42 years. Her parents, Franz Josef and Corrie Becker founded the dry shipping company in 1982. Monique Hezel…
