Belgium’s Prime Minister Alexander De Croo on Monday proposed a revision of the country’s federal hydrogen strategy during a visit to the Port of Antwerp-Bruges. The planned modification, which includes the establishment of a federal hydrogen council…
The U.S. Department of Transportation’s Maritime Administration (MARAD) awarded nearly $39 million in grants to 12 marine highway projects across the Nation under the America’s Marine Highway Program (AMHP). The funding will help expand marine…
The Port of Barcelona said it has created a working group including cruise companies and terminals in order to accelerate plans to establish shore power connections for cruise ships docked in the Spanish seaport, in an effort to reduce vessel emissions…
While the Covid-19 pandemic resulted in few direct claims for the marine insurance sector, the impact on the welfare of crews and the boom in shipping and port congestion, exacerbated by the Ukraine invasion, raises potential safety concerns…
The first steel cutting ceremony was held for the first of two LNG-powered ships for the cruise ship operator TUI Cruises.Shipbuilder Fincantieri said Wednesday that the construction start-up ceremony had taken place in the presence of Wybcke Meier…
King Abdullah University of Science and Technology (KAUST) selected Glosten to design a new ship with advanced capabilities for Red Sea research.The new oceanographic research vessel (RV) will replace the existing RV Thuwal, designed to bring…
A Singapore trade data sharing platform backed by banks, commodity houses and state firms has signed up 70 participants as part of the city-state's attempts to bolster confidence after a spate of commodity trade finance frauds in recent years…
Cargill has unveiled plans to build a new soybean processing facility located in Pemiscot County, Mo. near Hayti and Caruthersville to support growing domestic and global demand for oilseeds driven by food, feed and fuel markets. The facility…
Finland-based cruise shipbuilder Meyer Turku saw its full-year 2021 net loss widen, despite a somewhat higher turnover compared to 2020. Still, the company said it was a 'satisfactory result in the midst of a protracted pandemic.'The company's turnover was EUR 1…
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…
