VT Halter Marine has completed a major upgrade project to its launch way in preparation for building the first Polar Security Cutter, the U.S. Coast Guard’s next-generation heavy icebreaker. Designed to break through Antarctic ice to reach America’s McMurdo research station, the 19,000-ton PSC will be a very stout vessel. Crowley Maritime’s boxships Taino and […]
The outlook for the container shipping markets remains strong moving into 2021, a far cry from the dramatic declines the industry experienced at the start of 2020. A new analysis of container volume shows that the market recouped much of its early losses and with few blanked sailings projected for 2021 will continue its momentum. […]
Signaling that it is accelerating its exit from the dry bulk transport business, Scorpio Bulkers announced that the company intends to change its name to Eneti Inc. in February. Scorpio announced in August that it was transitioning away from the business of dry bulk commodity transportation and towards marine-based renewable energy. Scorpio’s sale of vessels […]
The Norwegian government has agreed to help underwrite a pilot project for an offshore wind energy storage system based on hydrogen. A new grant from Innovation Norway announced Thursday will support the $11 million cost of the “Deep Purple” project, led by oil and gas EPC contractor TechnipFMC. Deep Purple would couple an offshore wind farm with a […]
Cathay Pacific Cargo has launched a new scheduled freighter service between Hong Kong and Riyadh (RUH) which started 5th January 2021. Flights will operate once per week every Tuesday with a stopover in Dubai (DWC). The airline has seen a growing demand for air cargo flights between Saudi Arabia and Hong Kong (HKG), a leading […]
ST Engineering, Airbus and their joint venture, Elbe Flugzeugwerke (EFW) today redelivered an A321 passenger-to-freighter (P2F) aircraft to BBAM Limited Partnership, a leading aircraft lease management company with over US$29b of assets under management and some 150 professionals located in offices around the world. This is the first A321P2F redelivery made to BBAM, with several […]
SEKO Logistics has selected Ridgemont Equity Partners, a Charlotte-based middle market buyout and growth equity investor, as its newest investment partner as they start the next phase of expansion with plans for additional acquisitions, technology platform investments, and growth in key geographies. Greenbriar Equity Group LP, a New York-based private equity firm with experience investing […]
Amsterdam Airport Schiphol is restructuring its Cargo Division, bringing it into its new Aviation Business Development Division under the umbrella of business unit Airport Operations and Aviation Partnerships, from the first of March 2021. From this date, Miriam Hoekstra-van der Deen will step down as director airport operations and will be succeeded by Patricia Vitalis, […]
What began as a trade war between China and India has escalated into a humanitarian crisis. The dispute has caused some 39 Indian seafarers to be stranded in Chinese waters for months now, driving one seafarer to slash his wrists after he was denied permission to return to India to look after his ailing wife […]
Nine months after announcing their intentions to form a new joint venture, two of Japan’s largest shipbuilders launched their new company which they named Nihon Shipyard. The effort had been delayed since the fall of 2020 while the companies worked to gain regulatory approval for the joint venture. Japan Marine United Corporation and Imabari Shipbuilding […]
MSC and Costa Cruises both announced plans to restart their cruises from Italy in January after the Italian Government’s requested pause during the holiday season. The efforts to resume large ship cruising from Italy come as the North American cruise lines are continuing to delay their target dates for a resumption of service. MSC plans […]
As the coronavirus rages through Southern California, Los Angeles County’s ICU beds are filling fast, and the county’s health agency has instructed ambulance services not to deliver patients with a low chance of survival to the emergency room. Last week, LA County supervisor Janice Hahn called for the Navy to deploy the hospital ship USNS […]
