ISM reports ongoing growth for services-based economy in February
The reading for the report’s key indicator—the Services PMI (formerly the Non-Manufacturing PMI)—came in at 55.5 (a reading of 50 or higher indicates growth is occurring) in February, which was off 3.4% compared to January’s 58.7 reading, which was the highest reading since July 2020’s 58.1.
DNV Supports Hapag-Lloyd’s Green Financing
Hapag-Lloyd's efforts to obtain financing for six of its highly efficient containership newbuilds according to the Green Loan Principles of the Loan Market Association (LMA) are being supported by classification society DNV.The German shipping…
Newport News Launches US Navy Submarine Montana
Huntington Ingalls Industries (HII) said on Wednesday that the Virginia-class submarine Montana (SSN 794) was launched into the James River at the company’s Newport News Shipbuilding division in Virginia.The 7,800-ton submarine, which had been…
Texas Yard is US' First EU-compliant Shipbreaking Site
International Shipbreaking said it has become the first yard in the U.S. to gain EU Ship Recycling Regulation (EU SSR) accreditation, after investing $30 million in compliant infrastructure.The Brownsville, Texas site, part of EMR Metal Recycling…
Crumbling U.S. infrastructure gets ‘C- grade’ from elite engineers
The American Society of Civil Engineers (ASCE), which has more than 150,000 members in 177 countries, gave U.S. infrastructure a ‘C-‘ grade in its “2021 Report Card for America’s Infrastructure,” its latest quadrennial assessment of the nation's infrastructure. That’s actually a slight improvement from its ‘D+’ grade four years ago.
Pitt Ohio rolls out new Warehouse and Distribution Service for in Mid-Atlantic and Midwest regions
This service will provide project work, surging inventory, and forward inventory services, according to company officials, adding that it will help its shipper customers to gain increased efficiency through an integrated offering, meshing the company’s transport, warehousing, and management services.
Indian regulators put carriers on notice for defying terminal levy rule
Container carriers active in trades out of India have fallen into the crosshairs of local regulators for acting in defiance of a January 2020 order permitting cargo interests to settle...
Satcom Global Announces VSAT Coverage Upgrade
Satcom Global announces VSAT coverage upgrade benefitting customers operating in European and Indian Ocean waters.Satcom Global announced another extension to its Aura VSAT maritime communications network, with the addition of two new satellite beams…
South African Police Seize Almost a Ton of Cocaine Inside a Ship
South African police have seized close to a ton of cocaine worth almost 600 million rand ($40 million) from a ship off the Saldanha coast, close to Cape Town, in one of the country’s largest drug busts, authorities said on Tuesday.In an intelligence-driven operation, police and tactical forces board
Deployment of World's First Hydrogen Tanker Delayed
Kawasaki Heavy Industries Ltd expects shipment of its first cargo of liquefied hydrogen from Australia to Japan could be delayed until the summer due to the pandemic, a company spokesman said on Wednesday.A A$500 million ($391 million) pilot project…