Yoram Cohen, chairman emeritus of the Liberian Registry, has passed away at the age of 67. Together with U.S attorney Lester Hyman, Cohen took over the U.S.
With the onset of supply chain disruptions during the pandemic, many Western countries launched a reshoring and nearshoring campaign.
DP World has announced a $35 million investment to expand and modernize its facilities at the Port of Santos, Brazil’s busiest seaport.
The UK’s leading ports group, Associated British Ports (ABP), has unveiled an ambitious $2.4 billion green growth and sustainability plan that is designed to decarbonize operations by 2040.
South Korea’s state-owned financial institutions are beginning the process toward the privatization of the country’s largest shipping company, HMM. There has been broad speculation for more than two years that the government was seeking an exit strategy based on the improved financial health of the carrier.
Less than two years after spinning out its renewables business unit in a merger with OHT to create a pure-play renewables company offering installation services for offshore wind, Subsea 7 announced it has agreed to re-acquire the business after disappointing results from Seaway 7.
The two-week strike that stopped the loading and unloading of cargo at all of Finland’s ports is coming to an end after a collective bargaining agreement was reached on March 1.
The last cruise ship from the former Genting Hong Kong operation, Dream Cruises’ World Dream, has been sold in Singapore. The vessel was renamed Manara today while still in the Singapore anchorage and re-registered with a new homeport of Majuro, Marshall Islands, while Cruise Saudi confirmed that it has acquired the ship.
Hapag-Lloyd became the latest of the major carriers to sound a cautionary note about the outlook for the container industry in 2023 after what it said was a “very successful 2022 with exceptionally strong results.
Nassau in the Bahamas set a new record for the highest number of passengers to arrive at the port in a single day. Two of the world’s largest cruise ships along with four other large cruise ships were docked at the port illustrating the industry’s growth and the Bahamas’ efforts to expand its facilities to support increased tourism.