CMA CGM Buys Port Of Los Angeles Terminal

CMA CGM agreed to acquire the Fenix Marine Services (FMS) container terminal at the port of Los Angeles in a deal worth around $2 billion that will extend its presence in a crucial hub...

PNE Marine Holdings & Fincantieri Bay Shipbuilding To Build LNG Bunker Barge

PNE Marine Holdings has executed an agreement with Fincantieri Bay Shipbuilding to build a 5,500 cubic meter (“CBM”) LNG bunker barge. PNE and Polaris are subsidiaries of Northstar Terminals, a portfolio company of...

Controversial Carbon Emission Proposal To Upset Commercial Operators

EUROPEAN shipowners want the cost of  buying carbon allowances to be passed to commercial operators, not owners. And for this to be enshrined in law when the maritime sector becomes part of the...

300 Container Vessels Laying Idle Outside Ports But Maersk’s Profit Skyrockets

CEO says 300 container vessels unable to offload at ports. Points to shortage of truck drivers. Profit boosted by record freight rates. Expects demand growth to slow next year. A recent news article published...

China, US Ink Largest Long-term LNG Contract

China's Sinopec has signed a contract with U.S. Venture Global LNG to buy 4 million tonnes of liquefied natural gas (LNG) annually for 20 years, reports Reuters. 20 year LNG contract China Petroleum & Chemical Corporation...

Renting A Containership Has Become Cheaper At Just $125,000/day

A high-profile corner of the container-ship charter market has taken “a dive,” according to Alphaliner. Small and medium-size vessels taken for short, multimonth rentals at mind-bogglingly high rates. There is a connection between...

This Headband Affirms To Enhance Output

Emma Baumert admits that when she first put on the high-tech headband she felt silly.  As a stressed brain gives off more waves or signals, due to increased electrical activity, the idea is,...

How Safe is Maritime for Female Seafarers?

The horrific experiences of sexual assault endured on board a vessel while attending the U.S. Merchant Marine Academy. Women made up just 1.28% of the overall global seafaring workforce, and just 0.73% of...

Major Ocean Carriers on Course To Record High Profit 

With stock market-listed ocean carriers reporting even better-than-expected profits for the third quarter, their executive boards are being forced yet again to upgrade full-year earnings forecasts, reports The LoadStar. Increase in profits A third of the...

Does Meta Guarantee Protection for Its User’s Biometric Data?

  Meta, the company formerly known as Facebook, on Tuesday announced it will be putting an end to its face recognition system. The company said it will delete more than 1 billion people’s individual...