Egypt's Suez Canal revenues rose 14.2% year-on-year between July and October, the canal authority said on Tuesday, citing calmer conditions in the Red Sea after a ceasefire in Gaza and a pick up in traffic through the vital waterway.Yemen's…
HII appointed Tim Taylor as vice president of engineering, technology and design at its Newport News Shipbuilding division.Taylor, a U.S. Navy veteran, has served NNS for 29 years in positions of increasing responsibility, including work control…
The U.S. and China agreed on Thursday to pause tit-for-tat fees on each other's ships that became a major irritant in the broader trade war between the world's two largest economies and pushed up ocean freight costs.The move provides a 12-month reprieve on an estimated $3…
Danish shipping company Maersk said on Thursday its APM Terminals unit may invest around $2 billion in the Pipavav Port in western India.Maersk said in a statement it had signed a memorandum of understanding with the Gujarat Maritime Board on increasing capacity at the port…
DP World has pledged to invest an additional $5 billion in India to strengthen its integrated supply chain network, which supports both exports and domestic trade. This is in addition to the $3 billion that DP World has already invested in India over the past three decades…
The Panama Canal launched a consultation process with representatives of the maritime industry to identify potential partners interested in developing port terminals on both the Atlantic and Pacific sides of the waterway.Following a process…
ABS has appointed David Wechsler, a founding partner of the firm that became Hitachi Consulting, as the new Chief Executive Officer for ABS Group.Wechsler has a 35-year career in management consulting leadership positions across manufacturing…
China's sanctions on U.S.-linked units of shipbuilder Hanwha Ocean threaten to impact ambitious plans for shipbuilding cooperation between Seoul and Washington by disrupting supplies of Chinese equipment and materials, officials in Seoul said on Friday…
Stena Line’s newest vessel, Stena Connecta, was officially named at the CMI Shipyard in Weihai, China on October 16, and will soon begin her maiden voyage to her new home port on the Irish Sea. Alongside Stena Futura, which entered service in September…
France's CMA CGM on Tuesday announced a first-ever order for Indian-built vessels, saying the country's focus on shipping infrastructure created an opportunity to diversify the group's shipbuilding supply.CMA CGM, the world's third-largest container shipping firm…
China announced sanctions on Tuesday against five U.S.-linked subsidiaries of South Korean shipbuilder Hanwha Ocean amid trade tensions between the world's two largest economies, sending the company's shares sharply lower.The move, announced by the Chinese commerce ministry…
The U.S. and China on Tuesday began charging additional port fees on ocean shipping firms that move everything from holiday toys to crude oil, making the high seas a key front in the trade war between the world's two largest economies.A return to an all-out trade war appeared imminent last week…
Medov Group acquired a majority stake in Programma Mare S.r.l., a historic La Spezia-based company that has modernized traditional packaging methods for the storage and international shipment of yachts.The announcement was made by Giulio Schenone…
When fees from the Office of the United States Trade Representative (USTR) targeting Chinese dominance of the maritime sector come into effect October 14, 2025, 35% of ships in the combined bulk, crude tanker, product tanker and container fleet…
The U.S. is one week away from imposing port fees on certain vessels with links to China, a move expected to cost the top 10 carriers $3.2 billion next year as President Donald Trump seeks to address China's growing dominance on the high seas…
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