Deutsche Bank is on course to make up to $1 billion on a long-shot bet on Israeli shipping firm Zim after it surged in value on the back of record-high global freight rates, Bloomberg reported on Tuesday.Citing unnamed sources familiar with the matter…
NYK signed a memorandum of understanding (MoU) for the consecutive building of LNG-fueled PCTCs at Shin Kurushima Dockyard Co., Ltd. and Nihon Shipyard Co., Ltd. Twelve new ships are planned to be built, six ships each at the two shipyards, for delivery successively from fiscal 2025 to fiscal 2028…
A retail trade group is asking President Joe Biden and other top administration officials to help address challenges retailers are facing from continued supply chain disruptions that are leading to congestion at U.S. ports.“The supply chain disruption issues…
V.O. Chidambaranar Port handled a single export consignment of 24, 77.5-m windmill blades, the longest of its kind handled through the port. The 200-m long M.V. PAC Alcor was berthed at the Port on June 10, 2021, where the loading of the 77…
Intellian has opened its new Research and Development Center in Pyeongtaek, South Korea, a new home for the engineering team with the latest product and quality verification facilities, helping to accelerate product development. In particular…
The first cargo ships from Dubai that docked last year in the Mediterranean port of Haifa were met by celebration in Israel. Flags waved. Reporters gathered. The prime minister walked the pier and gave a speech about the fruits of making peace…
Construction is underway on GAC Qatar’s new 27,000m² multi-user contract logistics facility after the groundbreaking ceremony in the Ras Bufontas Free Zone.It follows the signing of an agreement between GAC and Qatar Free Zones Authority (QFZA) in February this year…
The Maryland Port Administration (MPA), Port of Baltimore, officially joined the Council for Dredging and Marine Construction Safety (CDMCS), a national unified safety voice for the dredging and marine construction industry.The Port of Baltimore is one of the busiest seaports in the United States…
Classification society DNV says it has launched a new digital tool designed to help its customers track the requirements and deadlines of legislation for both individual vessels and entire fleets.As both the number and complexity of international shipping regulations continues to grow…
Royal Caribbean Group and Carnival Corp will push ahead with a return to cruises this summer despite two guests onboard Royal Caribbean’s Celebrity Millennium ship testing positive for COVID-19.A year after several cruise ships were host to…
TotalEnergies announced today that it is extending research into the viability of ammonia as an alternative marine fuel, entering into a Memorandum of Understanding (MoU) with 22 companies across diverse industries to initiate a joint study on ammonia as an alternative marine fuel…
Congestion at container shipping ports in southern China is worsening as authorities step up disinfection measures amid a flare-up in COVID-19 cases, causing the biggest backlog since at least 2019.More than 150 coronavirus cases have been reported in Guangdong province…
Bahri is featured in Forbes Middle East’s list of the top 100 companies for 2021, advancing 36 spots to #40.Despite operating amid uncertain market conditions, Bahri continued to grow through several multi-pronged initiatives to improve its operational efficiency…
The European Football Championship is on the verge –and kicking off on Friday June 11. Therefore, BIMCO’s shipping number of the week had to be football-infused today. Adding extra topping to this sporting feast is the fact that the 2021 Copa America starts at the same time…
An NYK Group shipmanagement subsidiary has begun to pay seafarers’ salaries in digital currency issued by MarCoPay Inc., a joint venture of NYK and the Transnational Diversified Group in the Philippines.After a successful March 2020 trial distributing…
