The shipping industry is the most pessimistic in six years about its prospects as a fleet surplus persists, according to a survey by law firm Norton Rose Fulbright, says a report in Reuters. The growing vessel glut is battering sentiment…
Confidence levels in the global shipping market have fallen to a seven-year low as a glut of cargo ships, weak freight rates and excess liquidity continue to batter the industry, a survey by Moore Stephens, a London-based consulting firm finds…
More than 2,000 workers at East Africa's biggest port in Kenya's coastal city Mombasa went on strike on Wednesday protesting an increase in the amount they will have to pay for state-run health insurance. Cargo ships remained unattended…
Gujarat Pipavav Port (APM Terminals Pipavav) has resumed operations following improvement in weather conditions. Last week, the port operations were suspended due to the cyclonic weather conditions and breakdown of power supply and communication…
Most the major Greek-controlled and listed carriers are registered in Greece, and they all have their liquidity placed in banks abroad. Morgan Stanley analyst Fotis Giannakoulis noted that 'nearly 20 percent of the global fleet is controlled by Greek owners and is managed out of Athens…
Rail, Maritime and Transport (RMT) union members at the ferry operator CalMac go on strike over the future of services of Scotland’s west coast as two thirds of CalMac routes have been suspended. CalMac will operate a third of its Clyde and Hebrides ferry services…
The American Association of Port Authorities (AAPA) - the unified and recognized voice of seaports in the Americas – today applauded inclusion of several key seaport industry freight mobility priorities in new legislation that was approved this morning by the U…
A strike by French ferry workers is causing travel chaos in the south of England and Eurostar services from London are experiencing long delays. Calais strike is over - but motorists still face lengthy delays. Sailings have been resumed…
Abu Dhabi Ports sees MICCO establish a world-class logistics business center at Kizad.Abu Dhabi Ports, operator and manager of ports and industrial zones in the Emirate of Abu Dhabi, has signed a standard Musataha agreement (SMA) with Al…
With the christening of the new container ship “Vicente Pinzón”, the Hamburg Süd subsidiary Alianҫa has momentarily completed the expansion and modernisation of its cabotage fleet. In the past two years, Alianҫa has launched a total of six newbuildings for its cabotage services…
Contship Italia Group has received a Life Time Achievement Award for Cecilia Eckelmann-Battistello, President of the Group and member of the board of Eurokai GmbH & Co. KgaA, the majority shareholder of Contship Italia SpA. The award has…
Tomorrow 23rd June international law firm Hill Dickinson LLP will be holding its UK Ports Conference focusing on ‘The Future of UK Ports: changing regulation, shipping trend updates and new opportunities in the supply chain’. The 7th…
Knutsen NYK Offshore Tankers AS (KNOT) has concluded a time-charter contract with Brazil Shipping 1 Limited, a subsidiary of the U.K. energy supplier BG GROUP PLC. This contract is for a maximum 20-year period starting from the second…
During a conference in Oslo, KVH CEO Martin Kits van Heyningen urged maritime operators to utilize big data in order to remain competitiveThe future competitiveness of the maritime industry will be affected by how rapidly shipping operators take advantage of big data…
Cargomatic announced that technology executive Sean Whiteley has joined the company as chief operating officer. Whiteley will be charged with overseeing operations, sales and marketing efforts for Cargomatic as it continues its mission to transform local trucking through its mobile technology…