Shipping group CMA CGM on Friday reported a surge in third-quarter earnings and said it expected an even stronger performance for the end of the year as intense demand kept freight rates high and container capacity stretched.French-based CMA CGM, one o...
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Phillips 66 to Convert Alliance Refinery to Terminal Facility
Energy manufacturing and logistics company Phillips 66 announced it plans to convert its Alliance Refinery in Belle Chasse, La., to a terminal facility. The conversion is expected to take place in 2022.“We made this decision after exploring…
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Worker Medevaced from Platform off Louisiana
A worker was medevaced from a platform approximately 18 miles southeast of Grand Isle, La., the U.S. Coast Guard said on Friday.Coast Guard Sector New Orleans watchstanders received a call at approximately 2:40 a.m. stating a worker offshore…
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AWO Applauds Passage of US Infrastructure Bill
The American Waterways Operators, a trade group representing the U.S. tugboat, towboat and barge industry, said it applauds the passage of the bipartisan infrastructure bill, H.R. 3684, signed into law by President Joe Biden earlier this week.The bill ...
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New Report Tracks Sources of Marine Litter
The sources and impact of sea-based marine litter form the focus of a new report by the Group of Experts on the Scientific Aspects of Marine Environmental Protection (GESAMP), an advisory body to the United Nations sponsored by 10 UN entities.
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Pacific LNG Freight Spot Rates Hit Fresh Record High
Tanker rates to ship liquefied natural gas (LNG) across the Pacific hit a fresh record high on Friday as high demand for the U.S. super chilled fuel from Asia drives up the demand for vessels, industry sources told Reuters.The cost of chartering…
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Panamax Bulkers Post Worst Week Since Early 2019
The Baltic Exchange's dry bulk sea freight index jumped on Friday, but posted a weekly drop with the panamax index suffering its steepest weekly decline since February 2019.The overall index, which factors in rates for capesize, panamax and supramax ve...
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New Zero-emissions Electric Ferry to Be Built in Portugal
Southern Europe's first all-electric ferry is being built by Navaltagus Reparação e Construção Naval, a member of Grupo ETE, in Portugal.Designed by Vera Navis Naval Architects, the zero-emissions ferry is being built and will operate in Aveiro…
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White House Lauds Easing of Supply Chain Clogs, Cites Shipping Competition Concerns
The White House on Wednesday lauded improvements in clogged U.S. supply chains, with more goods moving than ever before, but said more work was needed to ensure fair competition in a global shipping sector dominated by three alliances of ocean carriers...
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Leading the Charge
Alternatives to fossil fuels are emerging throughout the maritime universe, and vessels working in U.S. rivers, waterways and harbors are at the cusp on this trend. While the alternative fuels spectrum is wide, battery power and electrification…
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