The world's largest containership HMM Algeciras made its first European port call this week, entering Rotterdam’s Amaliahaven Wednesday on its maiden voyage to transfer containers at the Rotterdam World Gateway (RWG) terminal.The most recent vessel to hold the world’s largest containership crown
Thyssenkrupp on Monday said it was looking for partners for its steel and warship divisions, singling out just three lines of businesses that will stay within the struggling German industrial icon.Hoping to stop the bleeding of cash and restore investor confidence, the group also pooled businesses worth 6 billion euros ($6.
ANU listing granted after favorable USBL accuracy testsEvoLogics underwater acoustic modems were recently listed as Authorized for Navy Use (ANU), following a lengthy period of testing and technical evaluation by Naval Sea Systems Command (NAVSEA) and The Emergency Ship Salvage Material (ESSM) System.
Assessing the health of coral reefs in the Kingdom of TongaHealthy coral reefs provide critical ecosystem services for millions of people globally, but with climate change and anthropogenic stressors, the landscape of these habitats is regularly shifting. The science and conservation community has realized the importance of baseline studies to help track how these precious reef ecosystems are
Ships must be allowed to change over overworked and exhausted crews to help to keep trade flowing as coronavirus lockdowns shut many transit points across the globe, shipping industry officials said on Tuesday.About 90% of world trade is transported by sea but a deepening lockdown in many countries and suspended air travel have disrupted supply chains
Hedge fund managers sensed oil prices were nearing a turning point last week, and for the first time in more than two months started to add long positions in anticipation prices would bounce from an unsustainable low.Overall, hedge funds and other money managers were still net sellers of 19 million barrels of petroleum in the six most important futures and options contracts in the week ending on
In an open letter posted on the MSC website, MSC Group President & CEO Diego Aponte offered public comment and perspective on the COVID-19 situation for MSC's cargo business. “The spread of COVID-19 has created a public health issue unprecedented in our lifetimes, triggering an unexpected shock for societies and economies,” said Aponte.
While the Capesize segment has been massively impacted by the coronavirus, the smaller dry bulk segments are starting to recover towards profitable territory, partly on the back of seasonally higher grain exports from South America. Nonetheless, as the coronavirus continues to spread, the risks are skewed towards the downside.
Nearly 200 towing vessels and 600 barges are queued on the Intracoastal Waterway while salvors work to clear a halved and partially sunken rock barge near Berwick, La., the U.S. Coast Guard said.A section of waterway has been closed since Sunday night, when a towing vessel pushing six rock-filled hopper barges ran aground at mile marker 99.
Army veteran-turned-Royal Caribbean Cruise Line founder Edwin W. Stephan passed away on Friday at 87 years old."We at Royal Caribbean mourn his loss and extend our deepest sympathies to the Stephan family," said a statement from the global cruise company said.In 1969 Stephan founded the Royal Caribbean Cruise Line, and his contributions helped create the modern cruise industry we know today.
RMK Marine Shipyard is located in the Tuzla/Istanbul, Turkey, since 1997 as part of the Koc Group of Companies (https://www.koc.com.tr/en-us) which is Turkey’s biggest conglomerate. It specializes in shipbuilding as well as super/mega yacht refit, conversion and new building projects.
Chicago-based CC Industries acquired Southern Towing Company (STC) from Trive Capital and McCombs Partners. Founded in 1958, STC is one of the largest operators of towboats and barges along the inland waterways of the United States.This acquisition expands CCI’s portfolio of industry-leading businesses, and marks another CCI investment in the transportation equipment and logistics sector.