Held Russian Cargo Ship Released
The Kerala high court ordered the release of a Russian cargo ship on Wednesday after the parties reached a resolution through negotiation.
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Maritime AI Windward Detects Russia’s Dark Activities
An alarming new behavior claimed Russia is allegedly laundering grain has been discovered by Windward, a maritime AI technology company.
Shipping CEO Rodolphe Saade Resists Windfall Tax
As political pressure mounts on CMA CGM SA, one of the largest container carriers in the world, over its exceptional earnings, Saade spoke out.
MARAD Focuses on US Maritime Workforce
MARAD-run CoE program prioritizes on existing training institutions and aids the marine sector in obtaining/ retaining highly-trained staff.
Dockworkers in Liverpool to Vote on Strike Over Pay
In a disagreement over wages and working conditions, hundreds of dockworkers in Liverpool will cast their votes to decide whether to strike.
Chinese Chief Officer Chosen for IMO Gallantry Award
Bo Xu Chief Officer of Oil Tanker Xian Qiao 502 to be honored with 2022 International Maritime Organization Award for Exceptional Bravery at Sea.
Macquarie Invests in Brazil Port Operator CLI
Australian Macquarie to invest in Brazilian port industry by purchasing stake in operator CLI and funding a 260 million dollar arrangement.
As Exports Rise, The World Can't Get Ample US Diesel
Due to the continued insatiable need for gasoline on the worldwide market, the United States is exporting diesel at its quickest rate ever.
The Longest U.S Oil Spill
When Taylor Energy’s MC20 oil production platform collapsed in 2004, it became known as the longest running oil spill in the history of the USA.
6m TEU Surplus Containers Manageable
Per Drewry’s Container Census & Leasing Annual Review & Forecast 2022/23 report, global pool of containers increased by nearly 50m TEU in 2021.
Wartsilä Moves to Italy Resulting in 450 Face Layoffs
Wärtsilä announced plans to cut down manufacturing in Italy while it centralizes its European 4-stroke engine building business to Finland.
Israel Sells Haifa Port for $1.2 Billion
Israel sells major trade hub on the Mediterranean coast Haifa Port. India’s Adani Ports & Gadot win bid for 4.1 billion shekels ($1.18 billion).
Families of Beirut Port Victims File Lawsuit in US
Family of the victims of Lebanon’s 2020 port blast filed a $250m lawsuit in Texas against a US firm for its suspected links to the tragedy.
Green Hydrogen Plant To Be Developed in Amsterdam Port
Hydrogen company HyCC launched a project called Project H2era that plans to construct a 500MW green hydrogen plant in the Amsterdam port.
China Exports Recovers, Global Risks Weaken
As factories hopped-up after COVID lifting lockdown China’s exports increased at highest speed in 5 months in June. But rocky roads are ahead.