Hapag-Lloyd's CEO said on Thursday he expects continued strength in container shipping volumes, which are driven by global demand for transporting goods and seen as a proxy for trade and a health barometer for the world economy.The volume of twenty-foot equivalent (TEU) containers moved by its 292 ships rose to 9.3 million metric tons in the nine months from January to September, up 5% from 8.
Suggestions that Ukrainian authorities supported by Poland were behind planning and executing the sabotage attack on Nord Stream gas pipelines in 2022 are groundless, the Polish president's aide said on Sunday.Germany's former intelligence chief August Hanning told Die Welt this week he believed there were agreements between presidents of Poland and Ukraine to carry out the attack.
Yemen's Houthis said on Sunday that they had attacked two civilian ships along with an American destroyer in the Red Sea and Arabian Sea, their latest effort to disrupt shipping in what they say is support for Palestinians in Gaza.In a statement, the Houthi military spokesperson, Yahya Saree, said the militant group fired ballistic missiles at the American destroyer
With the U.S. Navy and U.S. Coast Guard FY 2025 budget requests offering uninspiring news for traditional shipbuilders, industry observers might be forgiven for checking out and dismissing 2024 as just another dull year in the frustrating business of government shipbuilding.But with an election season underway and an increasingly disorderly sea
Recovery teams refloated a large containership impeding shipping in the Port of Baltimore early on Monday and began pulling it free of the main channel, two months after the vessel crashed into the Francis Scott Key bridge and caused the span to collapse.Tugboats were leading the Dali to a local marine terminal after a successful effort to make the container ship buoyant at about 6:40 a.m.
The St. Marys River has reopened to vessel traffic after a U.S.-flagged Great Lakes freighter struck a channel light in the waterway.At approximately 1 a.m. on Thursday, the 730-foot bulk carrier American Mariner suffered a marine casualty and went bow-first into the Munuscong Junction Light, the U.S. Coast Guard said. The incident occurred in Munuscong Lake, which is a section of the St.
A major bridge collapsed in the U.S. port of Baltimore in the early hours of Tuesday after being struck by a container ship, plunging cars and as many as 20 people into the river below.Rescuers were searching for survivors in the Patapsco Riverafter huge spans of the 1.6-mile (2.57 km) Francis Scott Key Bridge crumpled into the water.
The 1.6-mile (2.57 km) long Francis Scott Key Bridge in Baltimore, Maryland, collapsed in the early hours of Tuesday after a container ship hit it, and as many as seven people may be in the water, officials said.A live video posted on YouTube showed a ship hitting the bridge, after which several of its spans collapsed into the Patapsco River.
Berge Bulk informs it has placed an order for two ammonia dual fuel vessels from China's Qingdao Beihai Shipbuilding Heavy Industry as part of a push by the dry bulk shipowner to decarbonize its operations.The two 210,000-DWT Newcastlemax vessels will meet the International Maritime Organization's (IMO) Tier III NOx (nitrogen oxides) standards and Energy Efficiency Design Index (EEDI) Phase 3
Dr. Kishore Rajvanshy is stepping down after three decades as managing director of Fleet Management Limited (FLEET), currently the world’s largest third-party ship management company.FLEET announced it has begun implementing a phased succession plan as Rajvanshy transitions from his current role, with a global search for a new managing director underway.
Oil and gas companies and environmental groups on Monday filed dueling legal challenges to the Biden administration's five-year plan to offer drilling leases in the Gulf of Mexico.The petitions to a U.S. appeals court come four months after the Interior Department unveiled a congressionally-mandated plan for offshore leasing that included just three sales
New York released a new offshore wind solicitation on Thursday to keep the state on track to meet its renewable energy goals and support a nascent industry that has faced financial trouble in recent months.Offshore wind is expected to play a major role in New York's plan to reduce carbon emissions by getting 70% of the state's electricity from renewable sources by 2030.