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Logistic Co. Joins Retailers Chartering Cargo Ships to Move Containers

Logistic Co. Joins Retailers Chartering Cargo Ships to Move Containers

By The Maritime Executive
August 27, 2021
As the well-publicized pressures continue to grow on the supply chain creating disruptions across the container shipping segment, more companies are turning to the charter market as a tool to manage t...
Bardex Shiplift Revamp Project Completed

Bardex Shiplift Revamp Project Completed

By The Maritime Executive
August 27, 2021
[By: Bardex] The Republic of Korea Navy successfully lifted its first Missile Guided Frigate using the newly renovated 7,420 metric tons Chain Jack Shiplift System provided by Bardex Corporation....
New Satellite Imaging Detects the "Milky Seas" of Maritime Lore

New Satellite Imaging Detects the "Milky Seas" of Maritime Lore

By The Maritime Executive
August 26, 2021
“The whole appearance of the ocean was like a plain covered with snow. There was scarce a cloud in the heavens, yet the sky . . . appeared as black as if a storm was raging. The scene was one of awful...
Maritime Executive

Sovcomflot Exits Dry Bulk Segment

By The Maritime Executive
August 26, 2021
Russian shipping giant Sovcomflot has sold its last two remaining bulkers and exited the dry bulk segment, the company said in a quarterly earnings report released Thursday. As a part of a fleet mo...
U.S. Gulf Coast Braces for a Fast-Forming Hurricane

U.S. Gulf Coast Braces for a Fast-Forming Hurricane

By The Maritime Executive
August 26, 2021
The U.S. Gulf Coast is bracing for its first significant hurricane of 2021 as a newly-formed tropical storm barrels towards Cuba.  The U.S. Coast Guard is urging mariners to make ready for the arri...
Containership Orders Set Record in 2021, Closing in on All-Time High

Containership Orders Set Record in 2021, Closing in on All-Time High

By The Maritime Executive
August 26, 2021
The rush by carriers to increase capacity in the face of new highs in freight rates and record volumes coming from Asia has led to a new record being set for the total containership capacity ordered i...
NTSB: Wrong AIS Presets, Poor Comms Led to Deadly Barge Collision

NTSB: Wrong AIS Presets, Poor Comms Led to Deadly Barge Collision

By The Maritime Executive
August 26, 2021
The National Transportation Safety Board (NTSB) has issued its final report into the fatal collision between the towboats Cooperative Spirit and RC Creppel on the Mississippi River last year. The boar...
SoCal Ports Operating at Record Levels with Peak Volumes Still to Come

SoCal Ports Operating at Record Levels with Peak Volumes Still to Come

By The Maritime Executive
August 26, 2021
Update: On August 27 the Marine Exchange of Southern California confirmed three records fell on one day for the San Pedro Bay port complex. A total of 72 containerships are in port in Los Angeles and...
Maritime Executive

Port of Virginia Expands Dominion Energy Lease to Create Wind Port

By The Maritime Executive
August 26, 2021
The Port of Virginia reached an agreement to lease a dramatically increased portion of the Portsmouth Marine Terminal to Dominion Energy. The agreement, which positions the port to become a leader in...
German Police Raid Multiple Shipowners in S. Asia Scrapping Sting

German Police Raid Multiple Shipowners in S. Asia Scrapping Sting

By The Maritime Executive
August 26, 2021
Prosecutors in Hamburg have raided the offices of shipowner Erck Rickmers Group and several other firms in a search for evidence of allegedly unlawful demolition sales, according to German news outlet...

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