According to a report in the Wall Street Journal, A.P. Moller-Maersk A/S is set to address the continued sluggish global trade numbers by reducing its capacity and raising rates, in addition to more slow-steaming measures to reduce the near…
Total annual operating costs in the shipping industry increased by an average 2.1% 2011, driven by crew costs, reports Moore Stephens The findings are set out in OpCost 2012, Moore Stephens’ unique ship operating costs benchmarking tool…
Troy Container Line, one the world’s largest American-owned NVOCCs, announce a new partnership with International Forwarding S.L. (IFS) of Spain. Founded in 1984 as a Non-Vessel Operating Common Carrier (NVOCC) Troy has become one of the largest companies in its industry…
42% of Maersk Line’s customers on the flagship “Daily Maersk” product between Asia and Northern Europe report direct savings on logistics costs. In 2011, Maersk Line launched Daily Maersk, providing customers with a ‘conveyor belt’ service between selected ports in Asia and Northern Europe…
AAPA Chairman Testifies Before Senate Committee on Water Resources Development Act; Testimony emphasizes importance of investment in waterside infrastructure. Jerry Bridges, the American Association of Port Authorities’ Chairman of the Board and Executive Director of the Virginia Port Authority…
DP World orders cranes for its new Jebel Ali container terminal from international and local suppliers.DP World, UAE Region signs agreements with local and international companies for the supply of 19 Ship To Shore (STS) quay cranes and…
Port of Liverpool & the Manchester Ship Canal become one entity under Peel Ports' management, the UK's second largest ports group.These two dynamic international trading centres form a single 44 mile seaway to the heart of the UK and Britain's…
Overall confidence levels in the shipping industry fell in the three months ended August 2012 to their lowest level for a year, according to the latest Shipping Confidence Survey from international accountant and shipping adviser Moore Stephens…
The first ship of four 2800TEU container ships, 'Kota Gaya', for Pacific International Lines (PIL) launched from Hyundai Mipo Dockyard, Ulsan, S.Korea. Navgathi Marine is providing the project management for the new-buildings for Pacific…
Measured by equity TEU, there is no change in the order & ranking of the top five international container terminal operators.PSA (Port of Singapore Authority) was again the leading operator in terms of equity TEU ahead of Hutchison (HPH)…
In recent years, excess vessel capacity has been plaguing shipping markets and the resultant drop in asset values has restrained financing options for ship owners. Following the financial crisis in 2008, demand across the major shipping segments – dry bulk…
Søren Skou, CEO of container shipping giant Maersk Line is keynote speaker at the 4th Cool Logistics Global conference, 24-26 September in Antwerp, Belgium.Mr. Skou will outline Maersk’s position on the critical actions now needed to sustain the future of global refrigerated transport…
Cargotec receives an order to deliver 14 Kalmar automatic stackingcranes & 14 Kalmar one-over-one shuttle carriers to DP World Brisbane Pty.The equipment will be taken into use at the Port of Brisbane. DP World Brisbane will also be using Navis Sparcs N4 TOS in their Brisbane terminal expansion…
APM Terminals is entering the Russian market in a strategic partnership with the leading Russian transportation group, N-Trans. By acquiring 37.5 pct. of the public company Global Ports, APM Terminals becomes an equal controlling partner in the leading operator of container terminals in Russia…
A major fire aboard the Colombo-bound merchant vessel 'Amsterdam Bridge' off Mumbai coast reportedly contained & cooling operations underway.Indian Coast Guard officials said, 'The flames have been contained but not extinguished. A thick…