Private equity firm American Industrial Partners (AIP) has agreed to sell what it calls “a significant minority stake” in Great Lakes operator Rand Logistics to funds managed by Oaktree Capital Management’s Transportation
Oslo-headquartered Wallenius Wilhelmsen is planning to build the world’s first full-size wind-powered pure car and truck carrier. To be called Orcelle Wind, the 220- by 40-meter ship will have the capacity to
A.P. Moller – Maersk today announced that it will launch of the world’s first carbon-neutral liner vessel in 2023 – seven years ahead of its initial 2030-ambition. All future Maersk owned newbuildings
A white paper released by classification society DNV GL identifies a looming “safety gap” between shipping’s existing approach to safety risks and its plans for greater digitalization and the adoption of alternative
An in-house development from Schiedam, Netherlands, headquartered Jumbo Shipping promises to go a long way to solving the issue of persistent flash rust caused by the removal of temporary welded securings on
The Liberian Registry has expanded its presence in South Korea by opening a branch office in Busan, Korea’s most important maritime city. “The opening of our Busan office achieves a strategic objective
In a sign of the growing trend to LNG fueling in the containership sector, ZIM Integrated Shipping Services Ltd. (NYSE: ZIM), Haifa, Israel, has entered a 12-year agreement with Seaspan Corporation to
Galveston Wharves, Galveston, Texas, reports that its cargo business totaled 4.3 million tons in 2020, exceeding 2019 totals by 300,000 tons. General cargo, grain and fresh fruit led the gains. Cargo activity
Hapag-Lloyd is breaking new ground in financing. It has concluding two initial transactions under the Green Loan Principles of the Loan Market Association (LMA). Both transactions — a syndicated loan of $417
Japan’s NYK Line reports that it has ordered its first two liquefied petroleum gas (LPG) dual-fueled very large gas carriers (VLGCs). They will be built at Kawasaki Heavy Industries Ltd’s Sakaide Works