2021 in Review: The Dry Bulk and Tanker Markets
Copyright aerial-drone/AdobeStock The Signal Group offers an exhaustive overview of the trends in the dry bulk and tanker markets that both defined 2021, and offer a glimpse as to what might be in store for 2022 and beyond. The report is
Shipping Rate Surge Threatens Global Economy Recovery, UNCTAD Says
A surge in container shipping rates poses a threat to the global economic recovery, with small countries dependent on deliveries by sea expected to be hardest hit by a spike in import prices, U.N. agency UNCTAD said on Thursday. A surge
Energy harvesting smart buoy prototypes
Nagasaki University and Kyocera Corporation have announced their joint development of an Energy Harvesting Smart Buoy. The new technology combines Nagasaki University's tidal current power generation technology with Kyocera's IoT technology to collect reliable ocean data. Prototype buoys can collect a wide
Demand grows for hire equipment
Demand is growing for short and mid-term use marine hire equipment that doesn’t involve the costs and maintenance of brought equipment. Dynamic Load Monitoring (DLM) is continuing to invest in its hire equipment, such as its running line monitors (RLMs), to
Modular onshore beacons reduce logistics costs
Logistics in marine works are frequently more expensive than the equipment installed. This is certainly true with marine aids to navigation (AtoN) equipment in locations with difficult access. In some cases, the financially unpalatable proposition of placing equipment with helicopters is
Port of Felixstowe enhances deep-water berth
Hutchison Ports Port of Felixstowe has further enhanced its deep-water berth capacity following the successful completion of strengthening and dredging works to Berth 7 on Trinity Terminal. Berth 7 – one of the Port of Felixstowe’s nine container berths – has
Adani Ports ups stake in Krishnapatnam Port
Adani Ports and Special Economic Zone Ltd. (APSEZ) has acquired the remaining 25 percent in Adani Krishnapatnam Port Ltd, increasing its stake from 75 to 100 percent. Krishnapatnam Port is located on the east coast of India in Nellore district of
DP World Southampton secures £40m investment
DP World has announced that Southampton, Britain’s second largest container terminal, will benefit from a £40 million programme of investment in 2021 designed to take it up to the next level as a premier international freight and logistics hub. The new
America’s imports floating just off Los Angeles
The giant container ship that blocked the Suez Canal for six days was freed, but another bottleneck in the supply chain remains, this one in Southern California. On Monday morning, 24 container ships—with a combined maximum carrying capacity nearly 10 times