U.S. Commercial Service previews September 20-22 export forum The growing demand for marine technologies is generating new export possibilities for U.S. companies. To help American businesses pursue these opportunities, the Department of Commerce…
Cofco International said on Wednesday it had won a 25-year concession for an agriculture bulk terminal at Brazil's Port of Santos, expanding its footprint in the world's top soybean exporter.The STS11 terminal will be fully operational in 2026…
In the William M. (Mac) Thornberry National Defense Authorization Act (NDAA) for Fiscal Year 2021, Congress amended the Port Infrastructure Development Program (PIDP) administered by the U.S. Maritime Administration (MARAD) to reserve to smaller…
Max Vekich was sworn-in today as a Commissioner of the Federal Maritime Commission for a term expiring June 30, 2026.First nominated by President Joseph R. Biden on June 24, 2021, and then again on January 4, 2022. He was confirmed by the United States Senate on February 10…
Spot market earnings for VLCCs will average $2,500/day in 2022 on a non-eco, no scrubber basis (US $11,000/day for ECO-designs, without scrubbers), while the peak year for VLCC spot market earnings have been pushed out to 2025, amid substantial supply-side support…
Demand for LNG-fuelled newbuilds is growing across the shipping industry, and with it Danish pump specialist Svanehøj reports it has quadrupled its sales of fuel pump solutions in 2021 and is heading for an all-time high order intake. 2021…
Container shipping giant Maersk on Wednesday agreed to buy Hong Kong-based LF Logistics for $3.6 billion in an all-cash deal, as it seeks to expand beyond its core ocean freight business.The deal is one of the group's largest takeovers to date…
Exxon Mobil Corp outlined a major new investment in Guyana amid government calls for delivering economic benefits to residents from deepwater oil and gas discoveries helping turn the South American nation into an oil powerhouse.A coming onshore…
More than $241 million in discretionary grant funding has been awarded for projects to improve U.S. port facilities, U.S. Department of Transportation Secretary Pete Buttigieg announced on Thursday.The grants, which will go to 25 projects in…
The Nippon Foundation signed a Memorandum of Understanding (MoU) with the offshore technology development consortium DeepStar to establish a joint research and development program focused on decarbonization in offshore oil and gas, with a focus on renewable energy and the environment…
Japan's biggest hydrogen supplier Iwatani Corp and five other firms said on Wednesday they will study the feasibility of building a green liquefied hydrogen supply chain between Japan and Australia that could produce 100 tonnes a day by around 2026…
The maritime industry must significantly increase training and recruitment levels if it is to avoid a serious shortage in the total supply of officers by 2026, a new report from BIMCO and the International Chamber of Shipping warns.Given the growing demand for STCW certified officers…
Canadian firm Westshore Terminals said Thursday it had executed a deal with BHP Canada Inc., a subsidiary of BHP Group, to provide port services to BHP’s proposed Jansen Potash Mine in Saskatchewan. The agreement is subject to approval by the Board of BHP and execution by BHP…
Shipping will be included in Europe’s emissions trading system (ETS) and costs for polluters are set to rise under Brussels’ plans to meet the European Union’s climate targets, the European Commission said on Wednesday.The EU ETS, which forces…
Ship owners could be forced to pay for pollution from their vessels or face bans from European Union ports under draft plans to add shipping emissions to the bloc's carbon market.Shipping does not at present face EU emissions targets, but that…
