High shipping rates are set to continue for at least several weeks, despite new coronavirus lockdowns in Europe, boosted by demand for furniture, exercise equipment and home improvement goods, shipping group Maersk said on Wednesday.A surge in demand from shoppers sheltering at home in a worsening COVID-19 pandemic has upended normal trade flows and triggered a spike in the cost of moving goods
Danish shipping company Norden announced Monday it has ordered four 61,000 dwt Ultramax bulk carriers from Nantong Cosco Khi Ship Engineering Co. (NACKS), for scheduled delivery in 2022.Norden CEO Jan Rindbo noted that the newbuilding contract is in line with the company’s strategy of agile asset trading and active management of Norden’s cyclical market exposure.
The combination of the coronavirus pandemic and oil price freefall have affected most maritime markets, including inland waterway shipping. Looking at U.S. river transport in particular, the impacts of these two black swan events vary greatly depending on the type of cargo being carried.David Grzebinski, CEO of the America’s largest tank barge operator, Kirby Corp.
The U.S. government said on Monday it has not yet received requests to waive a 100-year-old law on shipping goods between domestic ports, despite some interested parties who say temporarily lifting the regulation would help energy companies hurt by the oil price plunge.Kelly Cahalan, a spokesperson at the U.
The application period for this year’s MN100 edition is officially open and underway!Each year, the August edition of Marine News magazine profiles the best 100 firms in brown water, workboat space.There will never be a better time for you to tell Marine News just why your firm is one of the best in the business.
As many markets struggle to find their footing in the face of the global COVID-19 pandemic, a recent podcast with Martin Muhleisen, director of the IMF's Strategy, Policy, and Review department, helps to lend insight and perspective from the view of the International Monetary Fund.
The world has radically changed since towboat captain Terry Hall boarded his vessel late last month in Wood River, Illinois, for his four-week shift hauling bargeloads of crude oil, chemicals, scrap metal and other goods up and down the Mississippi River.His employer, Canal Barge Co
German shipbuilder Flensburger Schiffbau-Gesellschaft (FSG) announced Wednesday it has suspended operations, following the recommendations of the German government to prevent the further spread of COVID-19.Alex Gregg-Smith, Managing Director of Flensburger Schiffbau-Gesellschaft, said, "We are taking these measures to provide the best possible protection for the people working at our shipyard.
When it come to ship efficiency and emission reduction, the next frontier is devising better means to keep hulls clean from biofouling in the five years between dry dockings. Finding best solutions on hull coating and cleaning is major point of focus among shipping majors globally.
Even before the effects of the coronavirus, the ‘Phase One’ agreement between China and the US failed to boost volumes of the implicated goods in January. In fact, exports of the manufactured, agricultural and energy goods included in the deal were down 26% from January 2017, which serves as the base year for the agreement.
When designing and constructing a new blast and paint facility at its yard in Belle Chasse, La., C&C Marine and Repair set out to create a safe, efficient and environmentally friendly worksite that would deliver a high-quality product.Fifteen months and 131 barges later, C&C Marine has nearly doubled its capacity as the facility and its robotic blasting technology continually meet and exceed
The end of 2019 promises to be a busy, and potentially discordant, legislative and regulatory period for the United States maritime industry as both Congress and the Executive Branch look to take decisive action, with both positive and negative potential impacts depending on your perspective.