Despite months of softening on the backhaul North Europe to Far East trade, with rates on the spot market closing in on $1,000 per FEU for normal-dry containers, spot rates for reefer containers on this trade have been stable since early 2021…
Within the maritime sector not enough attention is paid to maritime subcontracting. And yet, it is as important as the main contracts that maritime main contractors conclude with their clients, such as shipping companies and buyers of superyachts…
Finland-based marine engine and technology specialist Wärtsilä has signed agreements with the Japanese shipping group MMS to optimize maintenance and emissions for two MMS LNG carriers and maximize engine uptime.Wärtsilä said the agreements…
The U.S. Army Corps of Engineers Memphis District held a groundbreaking ceremony in Caruthersville, Mo., April 3, to celebrate a federally funded project to replace the Caruthersville Mississippi River floodwall.The new floodwall will enhance the safety of more than 135…
The Port Authority of New York and New Jersey announced Beth Rooney has been named Director of the Port Department, taking over for Sam Ruda who is departing to return to the West Coast.A maritime industry veteran, Rooney will assume the role…
South Africa's state-owned logistics firm Transnet suspended its Durban port operations from 1930 local time on Monday due to heavy rains that have damaged the roads into the port, a key hub for shipping containers and metals such as copper…
Interferry has launched a call for papers addressing the ‘Power and People’ themes of its 46th annual conference taking place in Seattle, Washington, in October 2022.Under the Power theme, presentations are invited on any sustainable, future…
Shani Ben-David, 39, was appointed to the position of Captain, significant as she is the first woman to be appointed captain in the Israeli Merchant Marine. In a traditional ceremony held at the company's headquarters in Haifa, ZIM President & CEO…
As reported in a Maritime Reporter and Engineering News February 2022 article, Offshore Wind Development Gains Speed in the United States, the offshore wind (OSW) market is beginning to heat up. The White House policy target of 30 GW of offshore wind power by 2030…
Berg Propulsion opened new offices in Istanbul to reinforce its presence in Turkey and the surrounding region. The operation will be led by Mustafa Müslüm, who has been appointed General Manager, Berg Propulsion Eurasia.Müslüm is familiar with the Berg Propulsion organization…
Harland & Wolff Group has been awarded a dry dock contract for two cruise ships from P&O Cruises and Cunard respectively that will occupy the Belfast drydock for 33 days in total. The companies have selected Harland & Wolff's 81-acre Belfast…
According to GMS, it has been another impressive week in both the Indian and Pakistani markets, with reportedly several sales taking place above the $700/LDT mark. These levels seem increasingly indicative of a market that is firm and these…
Oldendorff Carriers signed a deal last week in Oslo with Yara Marine for the installation of U-type scrubbers on two newbuild capesize vessels.Torsten Barenthin, Oldendorff Carriers' Director of Innovation, and Aleksander Askeland, Yara Marine Technologies' (YMT) Chief Sales Officer…
Dales Marine announced the appointment of David Gray as Chief Naval Architect, bringing the business a wealth of experience in ship and yacht design.Gray's areas of specialties cover the design and development of new vessels and conversions…
As the world increasingly searches for a means to reduced carbon footprint, compact floating nuclear power plants are emerging as a serios contender. To this end, Samsung Heavy Industries (SHI) and Seaborg signed a partnership agreement to develop…
