World growth and trade volumes under pressure, but still positive. A continued slowdown in global growth, as well as a lower trade multiplier will reduce overall demand for shipping for the rest of this year and through 2020.Expectations for global trade growth have also been lowered for 2020…
U.S. Department of Transportation Maritime Administrator Rear Adm. Mark Buzby joined elected officials and leadership from Jacksonville Port Authority (JAXPORT) and SSA Marine on Nov. 22 to break ground on a new state-of-the-art international…
Sovcomflot, the Russian maritime shipping company specializing in petroleum and LNG shipping, said that its team has met Kitack Lim, Secretary-General of the International Maritime Organization (IMO).He was met by Sergey Frank, Chairman of the Board of Directors of Sovcomflot and Igor Tonkovidov…
South Korean shipbuilder Samsung Heavy Industries Co. (SHI) has agreed to pay $75 million in penalties to avoid prosecution in the United States over its scheme to pay millions of dollars in bribes to Brazilian officials to win a contract.“Samsung…
The U.S. Coast Guard ordered 23 New York Waterway ferries to suspend service over the last week after a series of inspections found the vessels to be operationally unfit. Coast Guard Sector New York marine inspectors determined the 23 ferries…
The GAC Group has opened an office in Gibraltar.Strategically located at the entrance to the Mediterranean Sea, the port of Gibraltar serves as the primary supply point for passing ships. According to the Gibraltar Port Authority, approximately 60…
U.S. Department of Transportation Maritime Administration Administrator, Admiral Mark Buzby formally presented a check for $20 million to Jacksonville for the International Cargo Terminal Modernization Project. U.S. Secretary of Transportation Elaine L…
Anglo-Eastern has announced the confirmation of Chief Executive Officer, Capt. Bjorn Hojgaard, as Chairman of the Hong Kong Shipowners Association (HKSOA). His appointment follows a two-year tenure as the association’s Deputy Chairman, and is…
The SMS Group has completed two pieces of major interior outfit work for Holland America Line in the Caribbean and Canada.This division is led by industry veteran Dan Lockyer. In respect to the recent wins Dan said: “We completed these first two…
We must assess our trainees. Yet we have all heard the complaints they raise about assessments: “I am a bad test-writer”, “this test was much more difficult than I expected”, “I know the material but I did not understand the questions”, “I was nervous…
The global manufacturer of equipment Chart Industries has joined SEA\LNG, the multi-sector industry coalition accelerating the widespread adoption of liquefied natural gas (LNG).Peter Keller, SEA\LNG chairman, commented: “We are thrilled to welcome another member from North America…
The international agri-based shipping company Louis Dreyfus Company (LDC) has joined the Ship Recycling Transparency Initiative (SRTI), a cross-sectoral coalition calling for increased transparency around ship recycling practices.The Netherlands…
The Bermuda registered, Norway based dry bulk shipping company Golden Ocean Group (GOGL) announced a net income of $36.7 million and earnings per share of $0.26 for the third quarter of 2019 compared with net loss of $33.1 million and loss per share of $0…
The global trade association for shipowners and operators, International Chamber of Shipping (ICS) opened its China Liaison Office in the Hong Kong Special Administrative Region (SAR) on Tuesday, 21 November, during a reception hosted by the Hong Kong Shipowners Association…
Record-breaking month for container operations at the Port of Liverpool. Quayside and landside throughput in October at Liverpool container terminals exceeded all previous figures, with year on year growth of 12%.The cargoes were connected with a total of 16 shipping lines…
