AD Ports Group to manage Aqaba multipurpose port in 30-year agreement

Fincantieri Launches €40M Shipyard Expansion Plan

Fincantieri has finalized a multi-decade concession agreement that will reshape its operations at the Port of Ancona, enabling a major expansion and modernization of one of Italy’s most strategically important shipyards.The agreement—signed…

Read more: %s

Tanker Vessel Order Book Hits 9-Year High

“Due to low contracting volumes in 2022, the crude tanker order book/fleet ratio bottomed out at 2.8% in March 2023. It has climbed steadily since and has now hit a nine-year high

Read more: %s

Dermody Named CEO of Vancouver Island Ferry Company

The Vancouver Island Ferry Company (VIFC), operator of the Hullo fast ferry service, appointed Ryan Dermody as its permanent Chief Executive Officer, following his successful tenure as Interim CEO.Dermody’s leadership has been

Read more: %s

Report: Ship Scrap Steel can Decarbonize European Steelmaking

NGO Shipbreaking Platform, in collaboration with Sandbag - Smarter Climate Policy and the University of Tuscia, publishes a report on the role of scrap steel from end-of-life ships in the decarbonization efforts

Read more: %s

New Alliance Launched to Tackle Ocean Plastic

Leading shipping companies are joining forces to combat ocean plastic pollution through the launch of the Maritime Association for Clean Seas (MACS): a new industry alliance driving measurable reductions in plastic and

Read more: %s

FMC Collects $1,350,000 in Penalty Payments

The Federal Maritime Commission (FMC or Commission) investigates and negotiates settlements and informal compromises of civil penalties in relation to potential violations of the Shipping Act and Commission regulations. Recently, the Commission…

Read more: %s

SC Ports Sees Dip in Imports, State Economic Development Remains Strong

South Carolina Ports recorded 206,859 TEUs at its marine terminals in October, a 1% year-over-year dip, as fiscal year volumes remain above plan. October marked the Port's strongest month for loaded exports

Read more: %s

Novorossiysk Falls Behind Schedule on Loadings Due to Jetty Damage

Crude loadings at Russia's Novorossiysk port are about two to three days behind schedule as damage caused by a November 14 Ukrainian attack has limited the capacity of a key jetty at

Read more: %s

Lukoil to Sell International Assets

Russia's Lukoil is selling its international assets after the U.S. imposed sanctions on the company.Washington refused to approve the sale of assets to Swiss commodity trader Gunvor, throwing Lukoil's operations in disarray