Chinese Shipping Major Cosco Group has agreed in principle to buy its shipping rival and Hong Kong’s No. 1 box mover, Orient Overseas Container Line (OOCL), in deal that could be valued around USD 6.3 billion. The takeover will catapult…
Bahri Logistics, one of the top 10 breakbulk carriers in the world and one of the six business units within Bahri, has added Alexandria to its portfolio of ports in Egypt. The addition of Alexandria will enable Bahri to offer breakbulk…
Bulgaria and Greece agreed to expand Multimodal Freight Corridor Between Black Sea, Aegen Sea and Dunabe. Bulgarian Minister of Transport, Information Technology and Communications Ivaylo Moskovski and Greek Minister for Infrastructure…
Pilbara Ports Authority (PPA) has delivered a record annual throughput of 668.5 million tonnes (Mt) for the 2016/17 financial year. This is an increase of 35Mt or 6% from last year’s annual throughput. In June 2017, PPA achieved a total monthly throughput of 55…
Asia CEO said ports have resumed releasing cargo; will discuss settlement, liability issues with customers. Maersk said it was too early to predict the financial impact of last month's global Petya cyber attack that hit the shipping giant's computers and delayed cargoes…
The EU is ignoring the risk of Brexit to European ports, the UK Chamber of Shipping has said. Hard border controls will lead to increased bureaucracy and will threaten prosperity. The Chamber warns that the return of border controls would lead to increased bureaucracy…
Direct services between Asia and the East Coast of South America will begin port calls at APM Terminals Buenos Aires, Argentina, and APM Terminals Itajaí, Brazil. The joint service deployed by Hapag-Lloyd, NYK, ZIM, Hyundai and Hamburg…
The Port of Milford Haven announced the appointment of Chris Martin as its new Chairman. Martin has been appointed by the Secretary of State for Transport and will take up the post on August 1, 2017. Born and bred in Pembrokeshire Martin…
Nakilat has assumed full ship management and operations of Q-Flex liquefied natural gas (LNG) carrier Al Sheehaniya from STASCo (Shell Trading and Shipping Company Ltd.) with effect from July 6, 2017, as part of the planned and phased transition announced on October 19…
Australia has revised down the value of its resources and energy export earnings in the year to end-June 2017 by 4.6 percent, or nearly A$10 billion ($7.6 billion), due largely to falling prices for iron ore, its most valuable export.The…
The U.S. trade deficit fell in May as exports increased to their highest level in just over two years, but trade could still weigh on economic growth in the second quarter. The Commerce Department said on Thursday the trade gap decreased 2…
The Port of Corpus Christi lives up to its moniker ‘Energy Port of the Americas,’ as the movement of energy in and out dominates the port’s history and future. John P. LaRue, Executive Director, Port Corpus Christi recently visited Maritime…
The Panama Canal Authority (ACP) today held a public hearing on its tolls structure modifications proposal. “The modified tolls will safeguard the Canal's competitiveness, charge a fair price for the value of the route and provide a competitive service to the global shipping industry…
Roll-on/roll-off cargo handlers Southampton Cargo Handling (SCH) said it has secured the stevedoring contract to handle all Renault vehicles being shipped through the Port of Southampton. The move follows the success of Euro Marine Logistics (EML)…
Hamburg Süd has been awarded the Volkswagen Group Award 2017. With this award, the largest automotive corporation in the world honors its best suppliers, which stand out for their innovative strength, product quality, development competence…