The United States on Thursday slapped fresh sanctions on Iran’s financial sector, targeting 18 banks in an effort to further choke off Iranian revenues as Washington ramps up pressure on Tehran weeks ahead of the U.S. election.The move freezes any U…
German container shipping firm Hapag-Lloyd is benefitting from a rebound in transport demand but its chief executive warned about the longer-term impact on economic activity from the coronavirus.'We see a recovery, which started probably some time in the course of third quarter…
Høglund Marine Solutions and Veracity by DNV GL have signed a collaboration agreement to explore how the combined strengths of Høglund’s onboard integration and data capture capabilities, and Veracity’s platform architecture and eco-system can help shipowners accelerate their digital initiatives…
Zuyderzee Capital, the specialized investment and advisory services company focused on maritime and logistics, announced a new strategic initiative intended to broaden the overall consulting service offering to its client base: Operational & Administrative Advisory…
The U.S. Department of Transportation’s Maritime Administration (MARAD) has set up a new online resource intended to help U.S. ports plan, evaluate and finance freight transportation projects.The new Marine Highway module of the Port Planning…
South Korean shipping company HMM said all 12 of its new 24,000 TEU containerships—the world's largest—have each made their maiden voyages fully laden with containers.On September 31, HMM St. Petersburg, the last of the 24K-class series, departed for Europe from the Port of Yantian…
The U.S. House of Representatives has passed the Expanding Access to Sustainable Energy Act of 2019, which enforces Jones Act requirements for all offshore renewable energy production. However, the bill's current language has the potential to create a loophole that would leave the U…
Predictive Maritime Intelligence company Windward said it has partnered with The Maritime Analysis and Operations Center-Narcotics (MAOC (N)), an EU Law Enforcement unit created to respond to the threat of illicit drug trafficking by maritime and air conveyances…
The Port of New Orleans (Port NOLA) and Gulf Stream Marine (GSM) announced that GSM will begin operations at Alabo Street Wharf as a new Port NOLA tenant.“Gulf Stream Marine is highly respected for their operational expertise with breakbulk…
Saab said it has been awarded a contract from the Halifax Port Authority to supply a Port Management Information System (PMIS) to further streamline the Canadian East Coast port's operations by allowing port departments, 80 service providers…
In the first eight months of 2020, value of the trade of the commodities included in the Phase One agreement between the U.S. and China reached 30.9% of the total commitments under the agreement, says shipping association BIMCO. The goods are separated into three categories…
Emily Penn is an ocean advocate and co-founder of eXXpedition. As an artist, skipper and marine explorer, she is leading the world's newest crew of superheroes: those dedicated to saving our planet. Born and raised in England, Penn grew up sailing…
Mexico's naval authorities on Tuesday ordered the closure of oil, cargo and passenger ports in the Gulf of Mexico and Caribbean ahead of Hurricane Delta, expected to sweep the Yucatan peninsula overnight.Ports shuttered to large ships included Dos Bocas in Tabasco and oil installations in Campeche…
Some of the world's biggest commodities and energy players on Wednesday launched an initiative to cut and track emissions from the ships they charter as efforts intensify to reduce the maritime industry's carbon footprint.About 90% of world trade is transported by sea…
Oil tanker company Frontline said Wednesday its CEO Robert Hvide Macleod had decided step down from his position. The oil and gas shipping firm said its board had appointed Lars H. Barstad, Frontline's commercial director, to take the role as…
