Reinsurers are set to foot most of the bill for the grounding of the ship that halted traffic in the Suez Canal, industry sources said, with payouts expected to run into hundreds of millions of dollars.International supply chains were thrown…
BW Group and Miros are launching Miros Mocean, a joint venture to provide the shipping industry with a new standard in vessel performance optimization. Miros Mocean is aimed at filling the void identified by BW Group and Miros, aiming to provide…
A customer once told me that they had just completed a business continuity analysis and had identified their LMS as their second most mission-critical technology - second only to payroll! Take a moment to consider how much you rely on training technologies to sustain your operations and compliance…
Crowley Maritime Corp. has appointed Trish Skoglund as corporate director of mergers and acquisitions, guiding strategic investments that create sustainable growth and accelerate the company’s competitive advantages.In her newly created role…
The Suez Canal Authority is considering expanding the southern section of the waterway where the container ship Ever Given became stranded, its chairman said on Tuesday.It is also looking into procuring cranes that could potentially offload cargo at heights of up to 52 meters…
South Carolina Ports handled the most cargo in its history in March, with the Port of Charleston handling record volumes as the Hugh K. Leatherman Terminal begins operations.SC Ports reported an all-time container record for March, moving 248…
The U.S. Committee on the Marine Transportation System (CMTS) COVID-19 Working Group (C-19 WG) is encouraging mariners from all segments of the U.S. maritime industry to anonymously complete the “Mariner Mental Health Needs during Covid-19” online survey here…
Greece on Monday launched a tender for the sale of a majority stake in a port on the island of Crete, a popular tourist destination in Europe.The conservative government has been keen to attract investment and upgrade its port facilities across…
Germany will next week present a multi-billion-dollar proposal to Lebanese authorities to rebuild the Port of Beirut as part of efforts to entice the country’s politicians to form a government capable of warding off financial collapse, two sources said…
Container shipping giant MSC Mediterranean Shipping Company doubled down on its position to avoid sending its vessels through the Northern Sea Route and urged others to follow suit, citing environmental concerns.“As a responsible company, this was an obvious decision for us…
Jones Capital said it has acquired Rockport Terminals, one of the largest private intermodal terminals on the Texas Gulf Coast.Rockport Terminals is located within 28 miles of the fast growing Port of Corpus Christi, but outside of the Port's tariff zone…
More than 44 pounds of cocaine was seized from a Marshall Islands-flagged bull carrier anchored in the Chesapeake Bay near Annapolis, Md., on Wednesday.The drugs were discovered during an early morning examination by officers and agents from the DEA…
Marubeni and Torvald Klaveness' joint venture panamax bulker pool is offering pool partners the option to convert freely between floating and fixed rate, at any given time, in line with forward market levels.The companies, which announced the…
The blockage of the Suez Canal is likely to lead to large reinsurance claims, adding to upward pressure on marine reinsurance rates, James Vickers, chair of reinsurance broker Willis Re International, told Reuters.Formal investigations began…
One of the United Kingdom’s (UK’s) busiest ports is slated to deploy private 5G follownig an agreement between Verizon Business and Associated British Ports (ABP). Delivered in partnership with Nokia, Verizon’s private 5G platform will provide the Port of Southampton with a secure…
