Shipping group CMA CGM has agreed to acquire the Fenix Marine Services (FMS) container terminal at the port of Los Angeles in a deal worth around $2 billion that will extend its presence in a crucial hub for transpacific trade.CMA CGM currently…
Hensoldt introduced its new Manta NEO X band radar system for the commercial shipping market in Rotterdam @ Europort.The Manta NEO X band radar -- designed for all types of ships from workboats up to tankers and cruise ships -- uses CHIRP pulse compression and beam sharpening technology…
The chaos that has bedeviled global supply chains in recent months will extend into next year, with a lack of truck drivers preventing hundreds of container vessels from offloading goods around the world, shipping group Maersk said.“The whole system has become one gigantic bottleneck…
On November 1, 2021, Mikko Juelich took over the position as Trade Director for Business Region Germany at the Swedish ferry company Stena Line. He succeeds Ron Gerlach, who has moved to Stena Teknik where he will become the company’s Technical Director…
Shipping group A.P. Moller-Maersk said on Tuesday record-high freight rates boosted quarterly earnings despite lower container volumes due to congestion at ports.The coronavirus pandemic has prompted a shortage of container ships and logjams at ports at a time of high consumer spending…
Liebherr reports demand for its mobile harbor cranes with an e-drive has risen sharply in the 2021 sales year. Compared to 2019, the number of units equipped with an electric motor has even doubled.Liebherr has been offering a hybrid drive concept…
The Biden Administration’s struggles to alleviate supply chain capacity issues appear to be continuing with no end in sight. Part of the issue arises from the Administration’s limited focus on ports and another part arises from Congressional stalemates…
The Baltic Exchange's dry bulk sea freight index declined to its lowest in nearly three months on Monday, as rates across its vessel segments weakened.The overall index, which factors in rates for capesize, panamax and supramax vessels, fell by 91 points…
The Panama Canal moved more than a half a billion tonnes of goods over the last year, the canal's top official said on Thursday, marking a record high for the key global waterway as international trade picked up.Ricaurte Vasquez, the Panama Canal Authority's administrator…
Glamox said that Rune Marthinussen,CEO & President, plans to retire from the company next year, and that the Board of Directors has appointed Astrid Simonsen Joos to succeed him as CEO. The change takes effect August 1, 2022, and Marthinussen has agreed to support Astrid full time until December 31…
Ocean carriers remain in pole position in negotiations for long-term freight contracts, with high demand, port congestion, and supply chain disruption driving further rates increases. According to the Xeneta Shipping Index (XSI) Public Indices…
National Rivers Hall of Fame will honor marine towing industry veterans Peter Stephaich and Joseph H. Pyne during the Annual Waterways Symposium hosted by Waterways Council, Inc. in St. Louis, Mo., in November.Stephaich, the current Chairman…
In an attempt to bring more international shipping firms onshore to the UK, the British chancellor of the Exchequer Rishi Sunak provided the biggest shake-up to the UK’s domestic tonnage tax since its introduction 20 years ago.The British government…
World leaders attending COP26 climate talks from the end of the month must ratchet up pressure to make shipping decarbonize by 2050, a senior industry official involved in the meeting said.Shipping, which transports about 90% of world trade…
IMO-Singapore project to implement digital ship clearance system in the Port of Lobito, Angola, aims to support more ports in futureThe International Maritime Organization (IMO) and Singapore have selected the Port of Lobito (Angola) for a…
