Many of the world’s biggest lenders to shipping companies fell short of carbon-cutting targets last year in the first analysis of CO2 goals for the sector by financiers, a report showed on Wednesday.Global shipping accounts for nearly 3% of…
Publisher of maritime market benchmarks, the Baltic Exchange, has launched a new service for shipping investors which provides a snapshot five-year view of the financial prospects of dry bulk carriers.The Baltic Exchange Investor Indices are…
The American Pilots’ Association (APA) announced Clayton L. “Clay” Diamond will assume the duties of Executive Director and General Counsel effective January 1.Diamond succeeds Paul Kirchner, who has been APA Executive Director-General Counsel since 1992…
Petroleum Service Corporation (PSC), a provider of tankerman services, product handling and site logistics for the petrochemical and refining industries, announced Tuesday that it signed an agreement to acquire certain assets from shoreside tankerman company Fryoux Tankerman Service…
Full import containers at the Port of Oakland were up just under 1% in November 2020 compared to November of last year. Loaded export boxes at the Oakland seaport dipped 2.6% in November 2020 compared to the same month in 2019.Full import containers in November 2020 totaled 78…
The Baltic Exchange's main sea freight index rose to its highest since early November on Tuesday, helped by stronger rates across vessel segments.The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, was up by 38 points…
Terminal operating system (TOS) solutions provider Tideworks Technology Inc. announced the go-live of its new marine solution, Mainsail 10 with TOTE, LLC at its Jacksonville terminal.The go-live is Tideworks’ first cloud-based deployment of…
Satellite communications provider Iridium Communications Inc. announced Tuesday that its Global Maritime Distress and Safety System (GMDSS) service officially went live on Friday, December 11, ending a monopoly held by rival Inmarsat and enhancing…
DNV GL has awarded an Approval in Principle (AIP) to Daehan Shipbuilding (DHSC) for a new design of small-size LPG carriers in the range of 5,000-7,000 DWT. The AIP handover ceremony took place recently at the DHSC headquarters in Mokpo. Dae-Seong Jeong…
Geir Larsen, 50, will take over as the new Managing Director of Norwegian Electric Systems and will further develop the company’s position in energy design and smart control as part of the green shift.Larsen has extensive management experience…
Babcock, the aerospace and defence company, announces that Will Erith has been appointed as CEO of its Marine sector, effective immediately.Will was previously Managing Director of the Surface Ships Business Unit within the Sector, and before…
Morten Hasås will join Kongsberg Digital on January 1, 2021, as Senior Vice President for Maritime Simulation. Previously CEO of Scantech Industries, Hasås has held top management positions at ScanSense, Scanmar and Kongsberg Maritime.“With…
HDR has promoted Sam Tso, P.E., to serve as West Region transportation director. As director, Tso will be responsible for a region that spans the western United States from Montana, Utah and New Mexico to the Pacific coast, as well as Alaska and Hawaii…
One of the world's top container shipping companies said it is ramping up its capacity between Asia and Europe in response to unprecedented demand.The French-based CMA CGM Group said Monday it has accelerated the redeployment of its capacity…
Treasury bonds are issued for the Port of Gdynia Authority S.A. (PGA) to secure funds for the Outer Port Gdynia construction project, funding to be invested in building the access infrastructure in the form of breakwaters.The Port of Gdynia Authority S…
