Damen Shipyards Group said it has signed a contract with Svitzer for the delivery of an ASD Tug 3212. The vessel, to be named Svitzer Thames, will operate in the Port of London and will be the fourth Damen ASD Tug 3212 in the company’s U.K. fleet.

Despite the unusual year's historic and unprecedented difficulties, including pandemic- and flooding-related challenges, overall tonnage for the municipal port and the adjacent private docks in Milwaukee Harbor rose more than 5%, led by agricultural exports and handling of cement.

Port of Gdynia has ended the year 2020 with good results. The Polish port handled over 24.6 million tonnes of cargo, having shown the annual growth at 2.9 per cent. Several types of cargo shown a positive dynamic during the year: grain (+68,6 per cent), other bulk (+4.8 per cent), containers (+0.9 per cent).

The Logistics denotes to the entire process of managing how resources are obtained, stored, and transported to their final destination. Logistics management involves identifying prospective distributors and suppliers and formative their effectiveness and approachability. Nonetheless, the logistics is the management of the course of things between the point of origin and the point of intake in order to meet desires of customers or corporations. The market of international logistics is having a momentous growth with growing requirement of several goods across the world. Logistics involves the transportation and warehousing, which is commenced by the logistics provider for the competent and effective delivery. Foremost companies are primarily aiming on the specific industry segments such as high-tech machines, automobile segment, pharmaceutical sector and several other high revenue generators.

Cruise operator Royal Caribbean Group said on Tuesday it reached a deal to sell its Azamara brand to private-equity firm Sycamore Partners for $201 million in cash, as it grapples with biting impacts of the COVID-19 pandemic.

The study, commissioned by DP World and conducted by The Economist Intelligence Unit, found that 70% of businesses predict trade will recover to pre-pandemic levels more quickly than recovery after the financial crisis of 2008, which took two years and two months. Nearly a third thought the recovery would be twice as fast, with trade returned to pre-pandemic levels within a year.

Norway's energy ministry on Tuesday offered 61 production licenses on the Norwegian continental shelf in the Award in Pre-Defined Areas 2020 (APA 2020) round to 31 oil companies.