Hong Kong is in 'all-out combat' to contain a surge in coronavirus cases, the city's number two official said on Sunday, with the ramping up of community isolation and treatment units helped by mainland Chinese construction teams.Scenes of people…
Belarus President Alexander Lukashenko expects Russia to build a new Baltic Sea port for exports of Belarusian potash which were hit by Western sanctions, he said on Friday after he met Russian President Vladimir Putin.The two leaders met as…
Lebanon has awarded France's CMA CGM CMACG.UL a contract to develop and operate the container terminal in Beirut port for 10 years, including plans to rebuild and expand infrastructure damaged in a massive chemical explosion in 2020.CMA CGM said it would invest $33 million…
ClassNK will calculate the CO2 emissions from the ships to be financed under the Sustainability-Linked Loan provided by ORIX Corporation (ORIX). The ship finance agreement signed between ORIX and a shipowner in Hong Kong is a sustainability-linked loan…
3D digital design can save ‘dollars on the deck plate’ during construction while maintaining safety, says to Patrick Ryan, Senior Vice President, Global Engineering and Technology, ABS.Last year ABS, Robert Allan, Signet and USCG collaborated…
Canada-based oil company CGX Energy OYL.V will begin dredging and building the docks of a key deepwater port at Berbice, in eastern Guyana, planned to serve the South American nation's oil and agriculture sectors, the firm's chairman said on Wednesday…
China's state economic planner has approved natural gas company Hanas Group's plan to build a receiving terminal for liquefied natural gas (LNG) in the southeastern province of Fujian.The terminal will have an annual receiving capacity of 5…
Max Vekich was sworn-in today as a Commissioner of the Federal Maritime Commission for a term expiring June 30, 2026.First nominated by President Joseph R. Biden on June 24, 2021, and then again on January 4, 2022. He was confirmed by the United States Senate on February 10…
Egypt is working to improve the Suez Canal by making an additional 10 kilometers accessible to two-way traffic, while widening and deepening another 30 kilometers, the chairman of the authority managing the waterway said on Tuesday.Suez Canal Authority Chairman Osama Rabie…
The Suez Canal Authority is considering listing shares of some of the companies it owns on Egypt's stock exchange, authority chairman Osama Rabie told CNBC Arabia on Tuesday.Rabie added that the authority expects to sell 20% stakes in two or three companies…
Optimarin announced record revenue in 2021 on strong sales of its ballast water treatment system (BWTS).The Norwegian supplier's annual turnover exceeded $34 million for the first time ever following a 20% increase in the number of systems sold versus 2020…
A.P. Moller-Maersk's board said on Tuesday it has nominated family heir Robert Maersk Uggla to be its next chairman as part of a generational handover at the Danish shipping company.Current chairman Jim Hagemann Snabe and vice-chair Ane Maersk Mc-Kinney Uggla…
Sixty-five years after Aristotle Onassis founded Greece's Olympic Airways, another shipping entrepreneur is planning to take to the skies - this time in Italy, where Gianluigi Aponte's MSC has its sights on the successor company to Alitalia…
The JAXPORT Board of Directors on Monday unanimously approved a 20-year, $60 million agreement between Ceres Terminals and JAXPORT for the lease and modernization of the TraPac Jacksonville container terminal in Jacksonville, Fla.In a separate transaction…
Global trade bottlenecks are more the result of demand spikes than supply chain snags, with pressure likely to ease in the coming months, the World Trade Organization's chief economist said on Monday.The WTO had thought in October that demand for goods would slow early in 2022…
