Business Korea reports that rumours are now rife in the container business world that Maersk could swoop on Hyundai Merchant Marine and subsume its activities into their own business. The report says that recent moves by Hyundai Merchant Marine to join the 2M alliance led by Maersk and MSC…
Amid generally weak demand around the world the South Asia region is the shining light for container growth, says Drewry's Maritime Research. Growth in container shipping is becoming a rare commodity; global port throughput only increased…
Carriers hoping for a respite from difficult market conditions with the traditionally buoyant peak season may be disappointed as a recent survey has revealed that shippers expect this year’s peak season to be subdued. Shippers tell Drewry…
The Pasir Panjang Terminal Phases 3 & 4 development was shortlisted by a panel comprising judges from both the public and private sector and voted by members of the public into “Singapore’s Top 50 Engineering Achievements.” The Engineering…
The International Spill Control Organization (ISCO) and BIMCO are working together to develop a standard contract for spill response services. The contract is expected to be published by the end of the year. The Spill Response Services…
With three days of terminal operations completed under the new Safety of Life at Sea Convention (SOLAS) Verified Gross Mass (VGM) Regulations, export cargo loading has proceeded without incident at the facilities within the APM Terminals Global Terminal Network…
In a step towards bringing renewable energy to shipping, Eco Marine Power (EMP) has been granted a United States Patent for technology related to its wind and solar power system for ships – Aquarius MRE. As a result, EMP now intends to explore…
A search vessel contracted by the Egyptian government has recovered all mapped human remains under water at the crash site of EgyptAir flight MS804 in the Mediterranean, Egypt's aircraft accident investigation committee said on Sunday.The John Lethbridge…
The Coast Guard is searching for a possible person in the water in Great Salt Pond on Block Island, Rhode Island.At about 1 a.m., Monday, watchstanders at the Sector Southeastern New England command center received a report of an unmanned dinghy making in circles in Great Salt Pond…
Mitsui O.S.K. Lines, Ltd. today announced that the MOL Benefactor, a 10,000-TEU containership has successfully passed through the expanded Panama Canal on July 1, 2016. This is significant in that the MOL Benefactor is the first Neo-Panamax…
Aibel Pte Ltd in Singapore has been awarded the E&P contract for modifications on Woodside Energy Ltd’s Nguijma-Yin floating production storage and offloading (FPSO) off Western Australia.The FPSO will undergo modifications to the topsides…
The International Dockworkers’ Council (IDC), International Transport Workers’ Federation (ITF) and European Transport Workers’ Federation (ETF) are calling on dockers’ unions around the world to organise an hour of activities on International dockers’ action day next Thursday…
Recent expansion of the Panama Canal should lower shipping costs, say market observers. Shipping geeks will delight at this engineering marvel that revolutionized global maritime trade. As a major Latin American hub of finance, commerce and transportation…
China’s maritime safety administration announced China’s military's plans exercises in the disputed South China Sea this week, adding to tensions ahead of an international tribunal’s ruling that is expected to challenge Beijing’s maritime claims in the area…
China Shipping Container Lines (CSCL) has proposed to change its name to Cosco Shipping Development Co (CSDC), in line with the company’s future business strategy and as a group member of China Cosco Shipping Corporation (Coscocs). 'China Shipping Container Lines Co…