Bouchard CEO Ordered to Step Down

Morton S. Bouchard, III, fourth generation leader of family-owned Bouchard Transportation, has been ordered to step down from his role as chief executive officer as the Long Island-based tug and barge operator continues to navigate through bankruptcy and a string of legal challenges.Bouchard…

Baltic Index Snaps Losing Streak

The Baltic Exchange's main sea freight index gained on Tuesday, snapping a four-session run of losses, helped by stronger rates in the capesize and panamax vessel segments.The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, was up 22 poi

Salt Ship Design Acquires Albatross

Norwegian-headquartered Salt Ship Design said it has completed its acquisition of Serbian naval architecture firm Albatross Ship Design.Albatross was founded in 2001 as a member of Norway's Vik Sandvik Group, working under name Vik Sandvik Albatross…

United Product Tankers Names Schoeller Co-managing Director

German shipping company UPT United Product Tankers GmbH & Co. KG said Matthias A. Schoeller has been named co-managing director, succeeding Stefan Ciegelski who will retire by the end of June.Schoeller, having worked as the company's chartering manager for the last 10 years…

TPM21: ONE’s Nixon says US port productivity gaps mean congestion for months

Pointing to the gap in port productivity at US ports compared with gateways in Asia, Ocean Network Express (ONE) CEO Jeremy Nixon said it...

Fairbanks Morse Delivers Engines for USS John L. Canley

Wisconsin-based power solutions manufacturer Fairbanks Morse said it has delivered four FM 6L48/60CR engines to shipbuilder General Dynamics NASSCO in San Diego for the newbuild USS John L. Canley (ESB 6). The ship is the sixth in the U.S. Navy’s…

Fishermen Turn to Apps and AI to Tackle Climate Change

From weather predicting apps to using artificial intelligence to monitor the fish they catch, small-scale fishermen and coastal communities are increasingly turning to digital tools to help them be more sustainable and tackle climate change.Overfishing…

Venezuelan Oil Exports Rise on Larger Sales to Asia

Venezuela’s oil exports rose in February to over 700,000 barrels per day (bpd), their highest level in 10 months, pushed by more sales of fuel oil cargoes to new clients in Asian markets, according to Refinitiv Eikon’s tanker tracking data and…

Sterling PlanB Gains DNV Type Approval for Preventing Thermal Runaway

Marine energy storage company Sterling PlanB (SPBES) said it is now fully certified under new 2020 class rules for commercial vessel batteries set out by classification society DNV.As an early adopter of the certification, SPBES becomes one…

US Destroyer Docks in Sudan for the First Time in Decades

A U.S. naval destroyer docked on Sudan’s Red Sea coast on Monday in the latest sign of thawing relations with the United States, a day after a visit by a Russian frigate.The visits are a sign of international competition for influence in Sudan…