Suez Canal revenues fell 2.2% month-on-month in September 2017, according to official data. Revenues amounted to $459.8 million in September 2017, versus $470.6 million in August 2017, the data showed. However, Suez Canal Authority (SCA)'s revenues raised by 3…
Qatar Gas Transport Company (Nakilat), the largest LNG ship owner in the world, concluded its financial results for the nine-month period ended 30 September 2017, with a net profit of QR 607 million compared to QR 749 million of the same period last year in 2016…
The Maritime Group (TMG) carried out a pivotal assessment review of the tugboat operations in the new third set of NeoPanamax locks of the $5.25 billion Expanded Panama Canal and made other operational observations. TMG was intructed…
Shuttle tankers are an alternative to subsea pipelines. Typically for large water depths. For harsh weather operation the use of shuttle tankers is a necessity. DNV GL has incorporated the latest findings related to their design, operation and safety in an updated shuttle tanker paper…
Georgia Ports Authority (GPA) Executive Director Griff Lynch said the GPA increased auto processing capacity at Colonel’s Island Terminal by 50 percent over the past 12 months, all of which has been absorbed by processors and manufacturers. The Port of Brunswick now has an annual capacity of 800…
The global logistics industry is expected to reach $12 trillion in value by 2025, recording a 6 percent CAGR over the period, says a research report. According to Wiseguyreports, 2015 was a difficult year for global logistics companies. However…
French based CMA CGM Group is one of the world’s largest maritime transport firms. It is also a top company for trainees, a recent survey found.After ranking 11th last year, CMA CGM reached 7th place in the Happy Trainees ranking, which…
The world’s largest containership received a special greeting when it arrived for the first time at Germany’s sole deepwater port. On October 16, EUROGATE welcomed the 21,413 TEU OOCL Germany at its container terminal in Wilhelmshaven, where…
APL has launched a new Korea China Straits (KCS) service to serve the Asian markets of China, Korea, Singapore, Malaysia, Indonesia and the Philippines. The weekly service will link Nansha in South China to the Straits of Singapore and Port Klang as well as Indonesia…
The first Sustainability Congress was held on Tuesday 10 October with the launch of the fourth Sustainability Report which fully incorporates the 17 Sustainability Development Goals of the United Nations. On this occasion the Port of Antwerp…
Global Ship Lease (GSL), a containership charter owner, announced that it has agreed to a new time charter with CMA CGM for an 8,063 TEU containership, the 2005-built OOCL Tianjin, which will be renamed GSL Tianjin. The vessel will be…
CMA CGM Group has announced the launch of Mtwara Express in complement to the six current direct East Africa services. The new service, to commence November 1, will serve the upcoming cashew season in Tanzania and meet rising demand, CMA CGM said in a statement…
For years mechanical container spreader frames have been a fixture on jobsites, river ports and any other location that utilizes ISO shipping containers. While container lifting frames are well worth their size and weight in operational cost savings…
Since Hurricane Maria made landfall in Puerto Rico on September 19, TOTE Maritime’s vessels have brought cargo to the island nine times delivering more than 7,200 containers of food, water, oxygen, generators and other essential relief and recovery items…
The number of containers handled in the port of Rotterdam continues to grow. In the first nine months of 2017, the throughput of containers increased by 10.1 percent compared to the corresponding period in 2016, to a total of 10.2 million units (TEU)…