Maersk has had its credit rating cut by ratings agency Moody’s to one grade above junk, with the agency concerned about a “significant downside” for the container industry.
According to the World Ocean Review, shipping by sea is responsible for about 3 percent of the world's total carbon emissions.
'Rotor sails' can replace up to half a ship's engine propulsion on a windy day, Norsepower says
Russian Arctic sea route expected to see ‘explosive growth’ in cargo shipping Year-round cargo navigation is expected along Russia’s Northern Sea Route (NSR) in the near future, according to NSR’s developer Rosatom. It expects rapid growth of cargo turnover on the route.
The Port of Baltimore is getting a $6.5 million federal grant to build an additional 50-foot-deep berth to accommodate large container ships.
The Federal Maritime Commission Authorization Act of 2017 was signed into law by President Donald Trump on Dec. 4, 2018, marking the first substantive revision to the U.S. Shipping Act since 1998. The amended Act signals an important development for the maritime industry in the U.S. It is aimed at preserving competition in U.S. trades and assuring future capital investment in maritime and transportation infrastructure, the vital link in supply chains across the U.S. and the world.
The Arctic Economic Council (AEC) says it welcomed Union of Greek Shipowners (UGS) and Nunavut Fisheries Association (NFA) from Canada as members to the pan-Arctic business community.
A regional terminal for cargo heading from the Port of Savannah to area companies could open in 2021 at the Gateway Industrial Centre off Ga. 365 in North Hall.
Heavily damaged during Hurricane Katrina 13 years ago, the Port of Gulfport has completed a $570 million expansion and restoration project, WXXV reports. The Gulfport-based television station reported that the port has grown to 300 acres -- almost twice the size before Katrina hit in 2005.
Nutria weigh up to 30 pounds, they're semi-aquatic and they're destroying Louisiana wetlands
Outside of the domestic steel industry, it’s difficult to find anyone, anywhere, with a favorable view of the current tariff-induced trade war. Sizeable spikes in steel prices and an uncertain future have many industrial owners wringing their hands, as an estimated one-third of their capital dollars is spent on steel products.
The U.S. Army Corps of Engineers set aside another $59 million for the Port of Corpus Christi’s Channel Improvement Project. The dredging, which has been on the port’s wish list since 1990, is finally building up a stockpile that should allow work to continue in 2019. The projected end date is 2021, when the new Harbor Bridge opens and the old Harbor Bridge is taken down.
Fuel Cells For Marine Vessels Market 2018: Promising Growth Opportunities With Global Key Companies
“What’s happening is the increased accessibility of going through the Bering Strait for a longer period of time each year because of climate change and the opening up of what is referred to by many as a new ocean. And that would be the Arctic.”
Boats in North Carolina that sank after being pummeled by Hurricane Florence were raised by salvage companies—and then sunk again.
Port Freeport, in the middle of the Texas Gulf Coast, began handling autos in June 2015. Last year, Horizon Terminal Services processed about 45,000 new vehicles for General Motors, and volumes are up about 30 percent through the first three quarters of 2018, said Jason Miura, the port's business development manager.
The Government of Canada is committed to protecting the marine environment, including marine mammals, and ensuring navigational safety for mariners, fishers, recreational boaters and all users of Canada’s oceans and waterways. Today, the Honourable Marc Garneau, Minister of Transport, lifted the mandatory speed restriction for vessels in the Gulf of St. Lawrence to ensure ships can operate safely in winter months.
To serve larger container ships coming into the Port of Wilmington, N.C. Ports is seeking to move forward with the second phase of its turning basin expansion.
Work slowdowns by longshoremen at the port of Baltimore’s Seagirt Marine Terminal are disrupting operations so much that some shipping line customers may move their cargo shipments to other ports, the Steamship Trade Association of Baltimore said in a court filing.
The Port of Corpus Christi's plans for Harbor Island are still in the planning stages, but the scope of the project will not be as far-reaching as initially proposed.
The Long Beach Board of Harbor Commissioners on Monday awarded more than $3 million to support four projects that will help improve water quality in and around Long Beach as part of the Port Community Grants Program.
This time around, the fight may well come down to what’s more valuable to South Florida: dollars from mega ships or the health of the only inshore reef tract in the U.S. that also protects the coast from hurricanes.
“We are getting increasing evidence that, in addition to a strong economy, some of this volume spike may be accounted for by customers advancing shipments to avoid pending tariffs slated to take effect in January,” said SCPA President and CEO Jim Newsome.
Turn time is the bench mark by which ocean terminals measure efficiency. The longer it takes to move a container on or off the ship or through the facility, the costlier that unit becomes in terms of handling and vessel delay. Container ships aren’t getting smaller; in today’s fast paced world it’s becoming impossible for ports to compete without technology. Automation is not the way of the future; it’s quickly become the norm today.
Public comments on the New Haven Harbor Connecticut Navigation Improvement Project Draft Integrated Feasibility Report and Environmental Impact Statement are due to the Corps of Engineers by November 15, 2018.
S.C. Ports Authority (SCPA) President and CEO Jim Newsome last week told 600 customers and leaders outlined the organization’s successes and strategic infrastructure investments to continue growth during the annual State of the Port address at the Charleston Area Convention Center.
Operations will run Monday through Saturday from 7 AM to 5 PM, with the entire project expected to wrap up by January 15th of 2019
One of the first flood mitigation projects to break ground post-Hurricane Harvey, the Army Corps of Engineers began a nearly $70 million project to dredge a portion of the West Fork of the San Jacinto River in September.
The global dredging market will touch a value of nearly US$ 16,500 Mn in the year 2022 and grow at a sluggish CAGR during the assessment period.