Following years of disruption to US soya bean exports due to the US-China trade war, the first seven weeks of the 2020/2021 marketing year, which runs from 1 September to 31 August, have seen the strongest exports ever. By October 15, 11.4 million tons of soya beans had been exported by the US…
Surging shipments into the United States are fueling record high freight costs and logjams at seaports, but transportation executives say the rally will lose steam with a second wave of COVID-19 restrictions on the cards.Container shipping companies…
SC Ports received two new ship-to-shore cranes today, marking the first cargo-handling equipment to arrive for the Hugh K. Leatherman Terminal, which is under construction in North Charleston, S.C.When the terminal opens in March, it will be…
A seaport never sleeps. Cargo shipping is vital for keeping supply chains moving and the country fed and well-supplied during the current pandemic. Port employees have continued working throughout the pandemic. They’ve not shut down or decreased hours like so many industries have…
Carnival Corporation's Costa Cruises brand said its liquefied natural gas (LNG)-powered flagship Costa Smeralda has become he first vessel to bunker LNG in Italy.Carried out in the port of La Spezia and completed at 6 p.m. on Sunday, the operation was supported by the Italian Coast Guard…
Nicholas Georgiou has been promoted to Chief Executive Officer of ship owning and management business Lomar, its parent company the Libra Group announced. Georgiou has been Lomar’s Chief Operating Officer since 2010 and succeeds Achim Boehme…
Multidisciplinary engineering firm BMT said it has appointed Peter Behrendt as its global Director of Strategy and Innovation.Behrendt joined BMT in 2017 as Managing Director for the Australian Defense and Security business, a role that he has now handed over to Chelly Litster…
International port operator DP World is on track to report a “relatively stable financial performance” this year after the recording a 3.1% increase in third-quarter shipping container volumes, its chairman said on Monday.The Dubai state-owned company…
China’s government is discussing permits for millions of tonnes of additional corn imports over the next year, three industry sources told Reuters, amid a surge in animal feed demand and after storms and drought damage tightened domestic supplies…
The extended South End Container Terminal in the Port of Halifax is now complete and is fully operational, having welcomed its first vessel, Zim Tarragona, on Friday.With the extension project finished, the South End Container Terminal operated…
Greece has received five non-binding bids to operate part of a port in northern city of Kavala, the country's privatization agency (HRADF) said on Friday.HRADF received expressions of interest for a sub-concession to operate a multipurpose terminal of Philippos II port…
Tip #4: Oil Temperature - Assume that 'running hot' is normalDuring warm summer months, with reasonable certainty, high machine temperatures will follow. This is especially true if using air oil heat exchangers. Dismissing this expectation may allow operators to prevent down time…
Industries are adapting to an increasingly digitalized landscape. The floating production, storage and offloading (FPSO) industry is no different. As concerted efforts are made to improve project economics Matt Tremblay, ABS Senior Vice President…
Ports are economic engines for the regions they serve, and the impact from business activities at the Port of New York/New Jersey runs as big as the area it serves: 46 million consumers in a four-hour radius. The port is an economic giant in and of itself…
The Baltic Exchange's main sea freight index, which tracks rates for capesize, panamax and supramax vessels, rose on Friday, buoyed by an uptick in demand for capesize and panamax vesselsThe Baltic index rose 14 points, or 1%, to 1,415.However…
