Global container shipping freight rates have reached unsustainable levels and must rebound, the chief executive of Germany's Hapag Lloyd, the world's number five operator by volume, said on Tuesday.'There are spot rates that are clearly below cost…
Groups representing major retailers and manufacturers urged the White House on Monday to intervene in contentious West Coast port labor negotiations, citing worries about shipping disruptions during critical holiday shopping seasons.The call…
Ports in China's Shandong province are demanding more detailed information about oil tankers that are more than 15 years old that call at their terminals, sources with knowledge of the matter said, potentially delaying the unloading of crude shipments in the world's biggest oil importer…
The largest terminal at Southern California's Port of Long Beach closed on Monday as dockworkers who have been working without a contract since July rally for better pay.The Port of Long Beach is the second-busiest U.S. container terminal and a key trade gateway…
Russia's seaborne oil exports from Primorsk, Ust-Luga and Novorossiisk hit 4-year record of 2.4 million barrels per day (bpd) in May as domestic refineries maintenance season freed up extra barrels, Refinitiv Eikon data showed on Monday.Russia's…
Abu Dhabi-based AD Ports Group has signed a 25 years agreement with Singapore-based Crystal Offshore a logistics solution provider to the marine & offshore Industry to build an offshore rig and vessel repair base in Abu Dhabi's Khalifa Port…
Maritime Reporter & Engineering News recently caught up with Karl Lander, Director of Regulatory Compliance and Outreach at maritime tech startup Armach Robotics, to hear the latest progress on its unique, small platform, intelligence-driven hull cleaning solution…
With the world’s largest sovereign wealth fund, Norway’s financial muscle is beyond question. Howev-er, at a corporate level, the country’s capital markets offer a range of benefits to overseas companies seeking equity, debt … or both. Øivind Amundsen is CEO of Oslo Børs and…
We’ve had the means for a while, now we have the incentive to crush the data siloes that are holding back voyage optimization.Like kids in the sandpit, owners and charterers are being forced to share, perhaps more than they really want to. The IMO and the EU…
Market drivers have created a significant opportunity for Wallem to grow a specialised area of business, according to Capt. Anurag Mathur, Managing Director, Commercial Services, Wallem Group.Wallem’s portfolio of commercial services is ideally…
Leveraging its position as a Top 5 Container Port in the U.S., Port Houston will host its 2nd annual Houston International Maritime Conference (HIMC23) on October 30 – November 1, 2023. The conference will tackle broad maritime industry challenges…
Vessel owners/operators, Maritime Education and Training Institutes and Seafarers are encouraged to participate in the 2023 MarTID survey of maritime training practices.The survey is designed to take only 20 to 30 minutes to complete, but the…
Grand Isle LNG is proposing to build an LNG export facility, thirteen miles south of Grand Isle, Louisiana, in Plaquemines Parish, promising significant economic benefits to the region.The proposed deepwater port is a platform-based modular design…
Marlink will support shipmanager Thenamaris in its digital business transformation with the integration of Starlink within its smart hybrid network.Thenamaris is an existing user of Marlink’s Sealink VSAT with L-Band backup in part of its fleet…
The ocean freight industry saw a slump in global long-term rates of unprecedented proportions in May, as the contracted cost of shipping containers fell by 27.5%. The development, detailed by Xeneta’s Shipping Index (XSI), marks the ninth consecutive month of rates drops…
