Rotterdam Port Fund has invested in remote inspection robotics company ExRobotics, specialising in robots to operate in high risk environments such as oil and gas facilities.The Dutch robotics firm manfacturers modular robots that can carry…
Notwithstanding the tragic incidents of the Morandi Bridge collapse and October’s violent sea storm, cargo throughput remains stable at the Ports of Genoa, Italy.Now a key priority is the implementation of the emergency measures mobilised by Parliament to return to growth…
New Zealand's Port Nelson chief executive Martin Byrne has announced he will stand down from his position at the end of September.Byrne commenced the role in January 2004 and has led the organisation through the last 15 years.Over that period cargo volumes have grown from 2…
APM Terminals Inland Services in Costa Rica has worked closely with one of the world’s largest producers and exporters of tropical fruit.The Hague-based international container terminal operating company said in a press release that among other things…
Monaco-based seaborne shipping company Navios Maritime Containers announced the appointment of Stefan Kuch and Vasilios Mouyis to its Board of Directors.The owner and operator of container ships informed that Kuch has over 32 years of experience in finance and ship finance…
Norway's largest container terminal Yilport Oslo handled a total of 238,000 containers (TEU) in 2018, an increase of 14% from the previous year.The Norwegian container port operator said that as the cargo from Europe are growing, Oslo has become the logistics hub in Norway…
The provider of lifting solutions Kalmar has agreed a deal to supply seven terminal tractors and six forklift trucks to the Rio Estiba terminal in Nueva Palmira, Uruguay.The Cargotec group company said that the order was booked in Cargotec's…
North P&I Club has concluded its 2019 renewal and for the first time in the Club’s 159-year history, is projecting total entered tonnage to exceed 200 million gross tons.“Our 2019 renewal strategy was very clear,' said Paul Jennings, CEO, North P&I Club…
The sound part of the vessel Maersk Honam, which was hit by a serious fire last year, is being transported to Hyundai Heavy Industries Shipyard in South Korea, where it will be rebuilt. The sound section of Maersk Honam was successfully loaded…
DP World has bought back British ferry and shipping freight operator P&O Ferries for 322 million pounds ($421 million), more than a decade after it sold it.DP World acquired the British shipping and logistics company in 2006 but soon sold off some assets…
A growing number of hedge funds are moving into shipping debt, an asset class few have invested in before, looking to buy up loans and bonds as banks cut their exposure to the troubled sector.World economy worries and cost pressures are dampening…
Global marine outfitter, MJM Marine is undertaking its biggest-ever project which will see a team of 1,400 people spend more than a month working on a cruise liner at locations including China and the US.The company been appointed as the main…
Royal Caribbean Cruises Ltd (RCL) just gave confirmation of an order for Chantiers de l’Atlantique, according to a previous option agreement, to build a new Oasis-class cruise ship, due for delivery in the fall of 2023.“At her delivery, she…
Global dry bulk fleet utilization (calculated as total demand in tonne miles transported divided by total available fleet capacity) dropped by 1.4% in the fourth quarter of 2018, reflecting the trend observed in the rate environment.According…
The Hong Kong and Vancouver-based shipowner Valles Steamship has ordered a new 112,000 dwt crude oil tanker from South Korea’s Sumitomo Heavy Industries Marine & Engineering (SHIME).Ship set to be fitted with a scrubber and will enter the market before the end of 2020…