Maritime

There are some positive signs for shipping rates, but overall, disappointment prevails.

Golar LNG Ltd is spinning off a new public entity. Flex LNG is coming too. Shipping’s US-listed field is getting even more crowded.

Saudi Arabia Customs successfully transported a container to the Port of Rotterdam using blockchain for the packing list and commercial documents.

Discharge operations could “take up to two weeks,” ONE said Monday in a customer advisory.

President James Hoffa called the FMCSA’s proposal to lower the truck driver license eligibility age a “grave concern to those who use the roadways as their workplace every day.”

The purchase by PSA International, Polish Development Fund and IFM Investors was first announced in March and reportedly was worth more than 1 billion euros.

The search and rescue operation was called off Sunday night after the second officer of the Maersk Patras fell overboard that morning in Canada’s St. Lawrence River.

Rob Grool is named CEO, Tom Edwards is hired to head procurement and Anders Lindmark is tapped to lead a gas systems business unit.

Chinese shipping giant Cosco (HKEX: 1919) was last weekend given, for free, 45 percent of the equity of ports and shipping operator, Hainan Shipping Holding. Cosco’s not just getting a freebie though. The equity transaction is part of a bigger plan to create a new center for China-World shipping and trade. That would include logistics […]

The Sulfur Cap and a reduction in carbon emissions are high on the agenda for the International Maritime Organization in 2019.

Pioneer is the parent company of 17 short-line common carrier railroad operations, an equipment leasing company, two service firms and a contract services switching company.

Will McKnight and Denis Petropoulos are elected chairmen and Justin Kreimer is hired as vice president.

The Polar-class vessel will be deployed in the North Europe-Mexico/Caribbean service.

Andrea Daigle will serve two years of probation for submitting falsified CDL medical records to the FMCSA.

About 18,000 pounds of Copper River salmon arrived at Seattle-Tacoma International Airport Friday morning.

A five-month drought in Panama has reduced freight carrying capacity of the country’s canal of ocean carriers by nearly one-fifth. It’s also giving an unseasonal boost to shipping rates for U.S. East Coast-bound cargo. Starting next week, the Panama Canal Authority will reduce the maximum allowable draft for the largest of ships that use the […]

A more flexible shipping loan concept is good for borrowers and their clients, but may have limited scope.

Also in this week’s report: a test at Shell gives some hope to a less diesel-intensive marine fuel for IMO2020.

The new division will offer solutions for temperature-controlled transportation of pharmaceutical products.

Schulte Group has launched INNOPORT, a venture capital unit that invests in global maritime startups. “We want to build bridges and open doors wherever possible,” said Yiannis Sykas, INNOPORT chief and director of strategy and product development at Bernhard Schulte Ship management, in a release. “INNOPORT provides startups with the right network and the right […]