Cargo volume at the Port of Los Angeles jumped from July to August after business lost during the now-finished West Coast labor talks began returning, the top executive at the nation's busiest ocean trade gateway said on Thursday.That data comes as sea...
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Baltic Dry Index Logs Best Week in Over Six Months
The Baltic Exchange's main dry bulk sea freight index rose on Friday, clocking its biggest weekly percentage gain since March as demand across all vessel segments remained strong.The overall index, which factors in rates for capesize, panamax and supra...
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Shaft Power Monitoring Solution Earns BV Type Approval
Ascenz Marorka, a GTT Group company, announced that it has been granted a Type Approval certification for its ShaPoLi solution by the classification society Bureau Veritas.Designed to help shipowners and operators comply with the International…
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Biden’s Offshore Wind Target Slipping Out of Reach as Projects Struggle
President Joe Biden’s goal to deploy 30,000 megawatts of offshore wind along U.S. coastlines this decade to fight climate change may be unattainable due to soaring costs and supply chain delays, according to forecasters and industry insiders.The 2030 t...
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Boskalis Water Box Design nabs IADC Safety Award
During the IADC Annual General Meeting in Barcelona, IADC President Frank Verhoeven revealed the winner of the Safety Award 2023: Boskalis for its improved safety design of the water box.Boskalis introduced new water boxes for sand fill areas…
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China’s ‘Teapot’ Refiners Mop Up Swelling Iranian Crude, Defying US Curbs
Appetite for Iranian crude is growing in China, the world's biggest oil importer, after the extension of supply cuts by Saudi Arabia and Russia boosted global prices, while Tehran is stepping up output and exports despite U.S. sanctions.Although China'...
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Maersk Sets Up Green Methanol Company
Maersk has teamed up with its majority owner to form a new company to produce "green methanol", the shipping company said on Thursday, as it held a naming ceremony for the world's first container vessel powered by the low-carbon fuel.Green methanol…
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DFFU’s New Trawler Arrives at Vard Brattvaag for Completion
The Romanian-built hull of a new stern trawler being constructed forGermany's Deutsche Fischfang Union GmbH & Co. KG (DFFU) has arrived Vard Brattvaag in Norway for completion.The stern trawler is of VARD 8 03 design and developed in close cooperation ...
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Historic Moment: World’s First Green Methanol-Powered Container Vessel Named in Denmark
Ursula von der Leyen, the president of the European Commission, on Thursday named the world’s first-ever container vessel sailing on green methanol.At a ceremony in Copenhagen on September 14, where the Maersk-owned vessel arrived from Ulsan in South K...
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Port of Aberdeen’s Shore Power Project to Dramatically Cut Vessel Emissions
Port of Aberdeen said Thursday it had been awarded funding from the UK Government for a multi-million-pound project to design and deliver the first large-scale landside and vessel-side shore power system in Scotland."The demonstrator project…
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