Cambodia plans to cut shipping through Vietnamese ports by 70% as a result of a $1.7 billion China-funded upgrade of a canal connecting the Mekong River basin to the Cambodian coast, the country's deputy prime minister told Reuters.Sun Chanthol downplayed environmental concerns about the Funan Techo canal slated to break ground later this year
Logistical constraints at the Port of Vancouver mean waterborne oil exports from the highly anticipated Trans Mountain pipeline expansion due to start up on Wednesday may only be around half what the Canadian government-owned corporation has forecast, traders and shipping sources said.The C$34 billion ($24.
French shipping company CMA CGM and its business partners COSCO Shipping 601919.SS, Evergreen 2603.TW and OOCL said on Tuesday that they had agreed to extend their 'OCEAN Alliance' co-operation deal for another five years beyond 2027, to 2032.The 'OCEAN Alliance' partnership aims to help customers deal with their supply chains by offering up fast transit times and access to a wide range of ports
Britain and the United States on Thursday said they had imposed coordinated sanctions on four key Houthi figures for their roles in supporting or directing attacks on commercial shipping in the Red Sea.Attacks by the Iranian-backed Houthis have disrupted global shipping and stoked fears of global inflation.
A luxury cruise ship carrying 206 people has run aground in remote eastern Greenland with the nearest help by sea days away, the Danish military's Joint Arctic Command (JAC) said on Tuesday.The Ocean Explorer ran aground on Monday in Alpefjord in a national park some 1,400 km (870 miles) northeast of Greenland's capital Nuuk, the JAC said in a statement.There were no reports of injuries, JAC said.
Interest in methanol as an alternative fuel has grown in the shipping industry, which seeks to achieve net-zero emissions by 2050.Below is a list of upcoming methanol bunkering-related projects by companies and ports:COMPANIES:A.P. Moller-MaerskMaersk received the world's first methanol-enabled container ship in July.
Before the Ever Max ship carrying lava lamps, sofas, Halloween costumes and artificial Christmas trees could make its inaugural Panama Canal voyage this month, a historic drought forced it to drop weight by offloading hundreds of containers.Weather-related disruptions denied the vessel, owned by Taiwanese shipping company Evergreen Marine, a chance on Aug.
With a mission to power the current and next-generation of GPS-enabled products and systems, XONA Space Systems keeps the mantra ‘precision, power and protection’ in all that it does as this 2020-start-up designs, builds and launches its fleet of low earth orbit satellites. We spoke with XONA CEO Brian Manning for his insights on how this could impact the maritime
Hornblower Group on Friday announced its financial restructuring plan has gained court approval, clearing way for the marine transportation and experiences company to emerge from Chapter 11 bankruptcy in the coming weeks.Under the plan approved by the U.S. Bankruptcy Court for the Southern District of Texas
Maryland said on Thursday it estimates it will cost $1.7 billion to $1.9 billion to rebuild a collapsed Baltimore bridge and anticipates it will be completed by fall 2028.The Maryland Department of Transportation said the state's "planning level cost estimate is between $1.7 billion and $1.9 billion" which "is in line with similar projects of this scale and complexity.
New York based McAllister Towing announced it has taken delivery of its new shipdocking tractor tug Grace McAllister from East Boothbay, Maine shipyard Washburn & Doughty.Equipped with 3516E Tier IV Caterpillar engines powering twin Schottel SRP 490 Z-drive units, the 93- by 38-foot vessel produces 6,770 horsepower and achieved over 85 metric tons during bollard pull certification.
A historic Great Lakes car and passenger ferry will be sidelined the rest of the season due to damages it suffered in July. Lake Michigan Carferry said Tuesday that the SS Badger's daily crossings between Ludington, Mich., and Manitowoc, Wis., have been suspended indefinitely.“We have made the difficult, and unfortunately unavoidable