Belco Technologies Corporation (BELCO), a wholly owned subsidiary of DuPont, has partnered with the Maersk Group to successfully demonstrate BELCO Marine Scrubber technology aboard the Maersk Tukang, a containership with max TEU Capacity of 8…
Engine and LNG Tanks Delivered to NASSCOThe arrival of the world’s first dual-fuel slow-speed engine to General Dynamics’ NASSCO Shipyard marks the next phase of construction for TOTE’s Marlin Class vessels, projected by TOTE to be the world’s safest and cleanest containerships…
The Lebanese American University has awarded an honorary Doctorate Degree in Humane Letters to Jacques R. Saadé, in recognition of his achievements as a great business leader.The conferment of the Honor took place during the commencement…
Pilot program will mean better shelf life for citrus, grapes, blueberries.South American citrus, grapes and blueberries will arrive sooner and last longer for consumers in the Southeastern U.S. thanks to the Georgia Ports Authority’s participation in a USDA pilot program…
As freight rates keep declining, cost reductions are the top priority for box carriers.Drewry’s 2Q14 Container Forecaster highlights that there is a widening gap between the positive financials of the few carriers really focused on cutting costs and the rest of the top 20 lines…
The proposed container ship P3 alliance between the 255-ship fleets of Maersk, Mediterranean Shipping Company S.A. and CMA CGM was turned down by China's Anti-monopoly Bureau at the Ministry of Commerce, because the P3 alliance intended to set…
Hapag-Lloyd announced changes in its Executive Board resulting from departure of Michael Behrendt and Ulrich Kranich; Anthony J. Firmin to become new Executive Board memberRolf Habben Jansen, who has been a member of the Hapag-Lloyd AG's Executive Board since April 1…
Industry veteran and former Rio Tinto SSI trustee representative Alastair Fischbacher to take the helm at the Sustainable Shipping Initiative.The Sustainable Shipping Initiative (SSI), a coalition of companies from across the global shipping…
Over the past three years, DELO Group, a Russian private transport company, has implemented an investment program, including rail and other adjacent port infrastructure, construction of stevedoring and inland storage terminals for oil products…
European Commission extends validity of special competition regime for liner shipping consortia until April 2020The European Commission has extended by another five years until April 2020 the validity of the existing legal framework exempting…
Cargo-carrying unit, OEG Offshore, announced its gain of OSCA Environmental Services Ltd., saying the acquisition expands its international reach in the Caspian region.OEG has acquired OSCA's 2,500-unit stock has multiple bases including: Baku…
MOL (America) Inc. welcomes Junya Nakamura as Senior Vice President of Transpacific, Caribbean, Latin (West Coast South America) Trade. For the Transpacific Trade, he will report to Richard Hiller, executive vice president, MOL Line and for the Caribbean and Latin Trade…
Nautilus Holdings Ltd, a Bermuda-chartered company that leases containerships, has filed for Chapter 11 bankruptcy protection in New York, becoming the latest victim of a depressed shipping industry.The company has about $770 million in debt…
CMA CGM announced the opening of CMA CGM Tchad, new Group Agency in N’Djamena (Chad), replacing its former third-party agent with immediate effect.cma-cgm.com
U.S. Federal Maritime Commissioner William P. Doyle issued the following statement regarding China’s decision on the proposed P3 Network:The People’s Republic of China has rejected the P3 Vessel Network Sharing Alliance based on the competition concerns in the Asia-Europe shipping market…