In the 2019 calendar year Port of Savannah moved 4.6 million twenty-foot equivalent container units (TEU).Georgia Ports Authority (GPA) Executive Director Griff Lynch said this is an increase of nearly 250,000 TEU (5.6%) compared to the previous year…
Cranes manufacturer Konecranes reports it booked an order in December 2019 with Yilport to deliver automated rubber tired gantry (RTG) crane systems to three of Yilport’s European container terminals, including two in Portugal and one in Sweden…
Dubai state controlled port operator DP World has taken a 44% stake in Swiss container terminal operator Swissterminal Holding AG.The Mayer family, who founded the business, will remain a majority shareholder, a statement from the company said…
The Monaco-headquartered provider of marine drybulk transportation services Safe Bulkers Safe Bulkers has sold and leased back eight ships to refinance $105.2m in loans coming due in 2023 and 2025.The New York-listed bulker owner said that it will receive $158…
Setting out to create a new Mediterranean shipping hub at Taranto Port, Yilport Holding in December chose Konecranes to refurbish 23 cranes.The Turkish company won a 49-year concession from Italian authorities in 2019 to operate Taranto, located in the southeastern part of the country…
Mitsubishi Shipbuilding Co., Ltd. held a christening and launch ceremony for the second of two passenger/cargo ferries currently under construction for Hankyu Ferry Co, Ltd.The new vessel, named Yamato, is being constructed at the Shimonoseki…
Georgia has ended an investment agreement with an international consortium for one of the biggest projects in the former Soviet country, the construction of a major deep sea port on the Black Sea coast, its infrastructure minister said on Thursday…
The Containerization & Intermodal Institute (CII) has unanimously elected Dr. Noel Hacegaba of the Port of Long Beach, Gregory Tuthill of SeaCube Container Leasing and Michael Wilson of Consolidated Chassis Management to three-year terms on the Board of Directors…
European short-sea and feeder lines challenge legality of Dockers' Clause extension.European short-sea and feeder ship operators are challenging efforts by the International Transport Workers’ Federation (ITF) to redefine container lashing as…
Affinity (Shipping) LLP, a shipbroker, said this week in a statement it had facilitated the first trades in CME Group's liquefied natural gas (LNG) freight futures contracts.The trades involved French energy major Total and commodities trader…
“An ounce of prevention is worth a pound of cure.” – Henry de Bracton, DeLegibus, ~1240Often clients or prospective clients come to me with a commercial contract issue perched on the precipice of full-blown litigation or arbitration. When I ask to see the contract…
Scrubber and ballast water treatment system refits have helped to maintain brisk business at shipyards globally, as shipowners upgrade ships to meet regulatory mandate. In Singapore, Keppel Offshore & Marine Ltd. reports that it has won 104…
On December 10, MarCoPay Inc. has obtained a certificate of registration from Bangko Sentral ng Pilipinas (BSP), the central bank of the Philippines, allowing the company to operate as an electronic money issuer.In July 2019, NYK and Philippine…
Rates for Aframax-class crude oil tankers leaving the U.S. Gulf Coast hit a record this week, according to three shipbrokers, reflecting strong demand in Europe and the Mediterranean for low-sulfur crude.Equinor ASA and Unipec, the trading arm of China's top refiner Sinopec…
Liberty Global Logistics Awarded FCA Ocean Carrier of the Year for 2019Liberty Global Logistics LLC (LGL) was recently awarded the 2019 Outstanding Performance Excellence Award for “Ocean Carrier of the Year” at the Fiat Chrysler Automobiles (FCA) event held in Detroit…