A.P. Moller Holding, which controls Danish shipping giant A.P. Moller-Maersk, said Wednesday it has launched a new fund that will invest in infrastructure in Africa. The fund, which was launched with pension funds PKA, PensionDanmark and Medical Doctors' Pension Fund…
China’s Yangzijiang Shipbuilding Holdings reported a 73 percent increase in second-quarter net profit, helped by higher revenue from the construction of larger-size vessels, Reuters reported. The company, which specialises in dry-bulk carriers…
NASA and the Norwegian Mapping Authority are partnering to develop a state-of-the-art satellite laser ranging station 650 miles from the North Pole that will produce high-precision locations of orbiting satellites, help track changes in the…
Hanjin Shipping Co., the South Korean shipping company that caused havoc when it filed for bankruptcy, is struggling to raise enough money to repay $10.5 billion in creditor claims, WSJ reported. Hanjin has raised only $220 million by selling ships…
Manila-based global container terminal operator International Container Terminal Services, Inc. (ICTSI) reported unaudited consolidated financial results for the first half of 2017 posting revenue from port operations of US$603.7 million, an increase of 10 percent over the US$550…
The Shipping and Road Transport and Highways Minister Nitin Gadkari has said that the Indian government is committed to creating the right environment for promoting cruise tourism in the country. Speaking at Dawn of Cruise Tourism in India…
Modifications to the Panama Canal tolls structure have been approved by the Cabinet Council of the Republic of Panama. After a thorough analysis of the current utilization and productivity of the Neopanamax Locks, and after meetings with Panama Canal executives…
On July 31, 2017, the ZEABORN Group signed the contracts for the purchase of five 30,000dwt Superflex Heavy Lift vessels, all of which are sister ships of the previously acquired Rickmers Hamburg, and are employed in the Rickmers-Line liner service acquired by ZEABORN in April…
Port Manatee’s container volume for the first 10 months of its current fiscal year has already reached a full-year record.During the 10-month period from Oct. 1, 2016, through July 31, 2017, Port Manatee saw moves of 32,907 twenty-foot-equivalent…
Bart Brom will take over as the next CEO of Alphatron Marine Group in Rotterdam, succeeding the company’s co-founder Luuk Vroombout at the start of 2018.After completing his studies in electrical engineering, Brom served in various management…
The world's largest heavy transport vessel Dockwise Vanguard is transporting a new floating dock from Montenegro to Lithuania. The floating dock was acquired in June 2016 and began its journey to Klaipeda, where it will be installed at the Western Shipyard owned by BLRT Grupp…
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose to its highest level in more than three months on Tuesday, supported by firmer rates for larger vessels.The overall index, which factors in rates for capesize…
Egypt is looking to reverse a series of bans on its agricultural products that has hit one of its most promising export sectors, Abdel Hamid al-Demerdash, the head of Egypt's Agriculture Export Council told Reuters. Egyptian crops from strawberries…
Following the merger between container carriers Hapag-Lloyd and UASC, Hapag-Lloyd Turkey has grown to now carry almost 500,000 TEU per year. One area in particular that is poised for growth is refrigerated cargo segment. After the integration of UASC…
The Marshall Islands-based shipping company Navios Maritime Containers has closed the acquisition of the remaining four container vessels and as a result has completed the acquisition of the entire 14 container vessels fleet. Navios Containers…