Friday & Co. Shipbrokers completed a chartering deal between Boskalis and a Chinese charterer to transport the car carrier Floor (formerly Fremantle Highway) from the Netherlands to China. The project entails transporting the vessel — damaged…
Belgian oil tanker company CMB.TECH posted third-quarter profit above market expectations on Thursday, powered by a long-term strategy of decarbonization and diversification of its fleet.'From a supply-side perspective, the outlook for the tanker…
The European Sea Ports Organisation (ESPO’s) General Assembly unanimously elected Ansis Zeltiņš as its new Chair.Zeltiņš has been CEO of the Freeport of Riga Authority, Latvia, since 2017 and has been involved in the maritime industry for 20 years…
The Port of Los Angeles handled a record 954,706 Twenty-Foot Equivalent Units (TEUs) in September, a 27% increase over the previous year. It marked the close of the busiest quarter ever at the Port, which processed 2,854,904 TEUs in the last three months…
As the Military Sealift Command (MSC) celebrates its 75th anniversary, it is looking to the future through the eyes of a forward-thinking “innovation cell” named for a ship from its storied past. USNS Taluga (T-AO-62) was the first Navy replenishment…
Panama's Maritime Authority said on Wednesday it has begun a process to cancel flags on four LNG vessels sanctioned by the United States over their links with Russian gas producer Novatek.The vessels North Air, North Mountain, North Way and North Sky…
Shipments of iron ore on the Great Lakes totaled 4.5 million tons in October, a decrease of 12.3 percent compared to a year ago. Shipments were 10.1 percent below the month’s 5-year average.Year-to-date the iron ore trade stands at 41 million tons…
Hapag-Lloyd has ordered 24 new container ships from two Chinese shipyards with a combined investment volume of about $4 billion, it said on Wednesday.Twelve ships, each with a capacity of 16,800 TEUs (twenty-foot equivalent units), will be built by Yangzijiang Shipbuilding Group…
Former President Donald Trump's return to the White House could mean tougher enforcement of U.S. oil sanctions against Iran, potentially trimming global supplies, but his administration could struggle to get China, Iran's top crude customer…
Project will integrate electric assets, charging infrastructure and solar power equipment. Gateway Terminal in New Haven, CT, an Enstructure company, will receive funding to purchase and install electric equipment through the U.S. Environmental Protection Agency’s Clean Ports Program…
Donald Trump’s victory in the US Presidential Election is has importers on edge, fearing another spike in ocean container shipping freight rates premised on President Trump's vow on blanket tariffs of up to 20% on all imports into the US and additional tariffs of 60% to 100% on goods from China…
ECOsubsea launched its Ultra High Efficiency Hull Cleaning Service (UHEHCS) in Singapore, introducing its new ROV. According to the company, tests showed the ROV operates 10 times faster than conventional cleaning methods. 'We cleaned a fully laden capesize vessel…
While the spotlight within the maritime industry is increasingly focussed on the multiple future fuel pathways that will power the shipping industry towards its decarbonization targets towards 2050, there is also the reality that currently over…
Shipments of limestone on the Great Lakes totaled 3.3 million tons in October, a decrease of 13.1 percent compared to a year ago. Limestone cargos were also below the month’s 5-year average by 9.6 percent.The Lake Carriers' Association, the U…
Suez Canal Chairman Gamal El-Dein says Canal Economic Zone set for rapid expansion.Egypt's Suez Canal Economic Zone (SCEZ) has invested $3 billion on infrastructure over the past few years and has plans to invest a similar amount over the next few years as it works to attract investors…
