News


Mitigating Maritime Risk

“The First Steps in Mitigating Contemporary Risks to our Strategic Sea Lines of Communication”It is indisputable that the world’s economy floats on seawater.  It is equally indisputable that international maritime transportation is the tool that keeps the global economy moving.

Port of Virginia Posts Record July Volumes

July is Second Busiest Month in Port of Virginia’s History.The Port of Virginia in July processed 265,559 TEUs (twenty-foot equivalent units) in July, making it the second busiest month in the port’s history.

Port of Los Angeles Reports Record July TEUs

Volumes Increase 9.4% Compared to Previous Year.For the fourth consecutive month, the Port of Los Angeles has set a new single-month cargo record. In July, the Port moved 912,154 Twenty-Foot Equivalent Units (TEUs), the busiest July in the Port’s 112-year history.

Baltic Index Rises on Capesize, Panamax Rates

The Baltic Exchange's main sea freight index rose on Monday, supported by strong demand across capesize and panamax vessel segments.The Baltic index, which tracks rates for ships ferrying dry bulk commodities, rose 26 points, or 1.

Cargo Dips in July at Port of Long Beach

Tariffs continue to hamper trans-Pacific trade.Port of Long Beach cargo volumes last month were down from the previous July, when the number of containers moved through the harbor neared 700,000 twenty-foot equivalent units (TEUs).

Carnival Names Anderson as Chief Ethics & Compliance Officer

Carnival Corporation announced the appointment of Peter C. Anderson to the newly created position of chief ethics and compliance officer. Based at the company’s headquarters in Miami, Anderson will be

Global Trade Center Stage at Poland’s Maritime Conference

The biggest annual gathering of Poland’s maritime industry leaders, the Maritime Economy Forum Gdynia is unveiling its program.The day-long event, now in its 19th year, takes place on October 11 in Gdynia,

Damen Delivers Stan Tug to Caspian Offshore

Caspian Offshore Construction has recently taken delivery of a Damen Stan Tug 1606 ICE class in Kazakhstan. The company turned to Damen when a contract they secured required fast delivery of a small ice class vessel.

Death Toll Mounts as Lekima Roils Eastern China

BEIJING, Aug 12 (Reuters) - The death toll from typhoon Lekima in eastern China rose to 44 people on Monday morning, according to official data, as the storm continued up the coast, racking up billions of dollars in economic losses and widely disrupting travel.

New ABB CEO: Committed to the Next 5 Years

New ABB Chief Executive Bjorn Rosengren is committed to at least five years with the Swiss engineering group, Chairman Peter Voser said on Monday.Age or nationality was also not an issue in appointing the 60-year-old Swedish executive, Voser told reporters.

Containers Market to Grow by 6.5%

The shipping containers market estimated to grow with a CAGR of 6.5% during the forecast period from 2018 to 2026, said a report.According to ResearchAndMarkets' latest report, the number of goods carried by shipping containers witnessed an extravagant grow from 102 million metric tons in 1980 to 1.

Europe Okays French Port Extension

The European Commission has cleared a French extension project for the Mediterranean port of Port-La-Nouvelle.The project involves the construction of dikes and a platform for the handling of heavy parcels,