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…
Following recent upward moves on domestic steel plate prices at nearly every major recycling destination, it was another week of firm pricing and a sub-continent market that is still on an aggressive footing for the most part.Demand remains…
The new maritime academy school ships being built at Philly Shipyard (officially designated as National Security Multi-Mission Vessels) are an exciting development and provide a significant boost to our national maritime educational system.…
dship Carriers took delivery of number four of four newbuilds, the MV Charlie, the latest generation eco-friendly F-500 vessel type. The quartet of new ships enhances dship's capabilities in the multi-purpose heavy lift market during a time when cargo slots are rare and the market is tight…
Chinese iron ore futures dived more than 8% late on Friday after the country's regulators and industry association issued warnings against recent unusual price moves of the key steelmaking ingredient.Earlier on Friday, the National Development and Reform Commission (NDRC)…
Two tankers carrying gasoline loaded in Antwerp, Belgium, have turned back to their load-port after initially being destined for Lagos in Nigeria, Refinitiv Eikon ship tracking and sources said on Friday.The two tankers, STI Symphony and Velos Diamantis…
The 185,000-gt cruis ships Carnival Celebration was floated out to the outfitting keel at Meyer Turku shipyard in Finland, with the LNG-powered ship marking the culmination of Carnival Cruise Lines 50th birthday. The float-out started on Friday…
Kanoo Africa, a segment of Kanoo Shipping—a division of Yusuf bin Ahmed Kanoo—has been nominated to provide logistics and shore support for the Weddell Sea Project.The Weddell Sea Project is an expedition that aims to locate the ‘Endurance’…
A first-of-its-kind hybrid-electric tanker is due to arrive to the Port of Gothenburg, where it will emit no greenhouse gases or carbon particulates during port operations.Swedish tanker operator Terntank's Tern Island is equipped with new electric power supply hybrid system…
On behalf of the MM&P MATES Program, The Maritime Institute of Technology and Graduate Studies (MITAGS) and Maritime Conference Center (MCC) announce the appointment of Eric Friend as the new executive director.“The trustees’ decision to select…
The Helen Delich Bentley Port of Baltimore has been awarded a $1.8 million grant from the U.S. Environmental Protection Agency (EPA) for the Port’s Diesel Equipment Upgrade Program, which replaces older cargo-handling equipment and dray trucks with newer…
Three new neo-Panamax STS cranes arrived at Port Houston’s Bayport Container Terminal just before 11 a.m. Tuesday. The ZPMC cranes were manufactured in Shanghai before traveling 15,904 nautical miles onboard the Zhen Hua 25, a large specialized heavy load carrier vessel…
The American Maritime Partnership (AMP), a trade group for the U.S. domestic maritime industry, announced the election of new leadership for the organization. Ku’uhaku Park takes the helm as president, and he is joined by new vice president Jennifer Carpenter…
Electromotor Glitch Delays Havila Voyages' Castor Vessel DeliveryNorwegian coastal cruise shipping company Havila Voyages said Thursday that the first trip with its Havila Castor newbuild vessel would be delayed due to a technical problem with its electric motor…
Maritime trade group the International Chamber of Shipping (ICS) announced plans to host a high-level summit to address the challenge of decarbonization.Responding to a challenge thrown down by industry leaders in Glasgow, during COP26, ICS will work with partners to convene shipowners…
