The cargo handled by 12 major Indian ports in November and December (Post demonetisation period)has witnessed a significant growth by registering an increase of 11.2 per cent and 12.7 per cent, respectively, reports PTI. The Minister of State for Shipping Mansukh L…
Scorpio Bulkers has its loss narrowed to $124.8 million, or $2.22 per share for the year ended December 31, 2016, compared with a net loss of $510.7 million seen in the same period a year earlier. However, it reported a loss of $20.6 million in its fourth quarter of 2016 ended December 31…
The number of cars taken by ferry has increased from 8.6 million in 2015 to nearly 8.8 million in 2016, a 1.7% increase. This is the fourth successive year of growth according to the annual results of the ferry industry. 2016 Ferrystat figures released today by Discover Ferries…
South Carolina Ports Authority (SCPA) announced an all-time record container volume of nearly 105,000 pier containers and 185,018 twenty-foot equivalent units (TEUs) handled in January. As measured in pier containers, or total box volume…
In January 2017, the Panama Canal set a new monthly tonnage record of 36.1 million Panama Canal tons (PC/UMS), with the transit of 1,260 ships through both the Expanded and original locks. The previous record was established the month prior…
Last year Liebherr Maritime Cranes delivered nine mobile harbor cranes, four reachstackers, three rail mounted gantry cranes and one ship-to-shore container crane to various Italian ports. Since Liebherr has been engaged in the manufacturing of maritime cargo handling equipment…
Container shippers Maersk Line and Hamburg Süd announced a slot purchase agreement for Hamburg Süd’s volumes on the East–West trades to be shipped on vessels in the 2M network. Maersk Line acquired Hamburg Süd in December 2016, and the…
The Seoul Central District Court Thursday decided to end the bankruptcy protection of Hanjin Shipping Co. Ltd (Hanjin Shipping), leaving the company to succumb to a declaration of bankruptcy later this month, Yonhap reported. Hanjin, once…
A Port of Oakland executive outlined a $600 million spending plan here today for growth at his West Coast trade gateway. Maritime Director John Driscoll told a maritime audience that Oakland would increase trade volume by investing in new facilities and better infrastructure…
An expanding maritime consultancy headquartered in Seattle has recorded its busiest start to a year so far with rising demand for its services worldwide. The Maritime Group (International) (TMG) is lining up contracts across multiple sectors for 2017 after a surge of interest in its services…
The Alabama State Port Authority has announced a new memorandum of understanding with the National Port Administration of Cuba, potentially laying the groundwork for future trade deals. The five-year, cooperative agreement was signed at the Tampa Marriott Waterside Hotel in Tampa…
Broward County's Port Everglades had a record-setting month in December 2016, logging 104,590 TEUs (20-foot equivalent units, the industry's standard measurement for containers), moving through the Port. This is the highest producing month in the Port's nearly 90 -year history…
The Port of Virginia’s new barge – the Richmond Express arrived in the Norfolk Harbor and scheduled to sail Sunday and be at Richmond Marine Terminal (RMT) Monday, Feb. 6.This new barge helps reduce congestion on I-64 and wear-and-tear on…
In recent decades, trade between the Australia and China have made an increasingly significant contribution to growth in global seaborne trade, and the signing of the China-Australia Free Trade Agreement in 2015 is driving further co-operation…
Crowley and its subsidiary Customized Brokers, in cooperation with Miami International Airport (MIA), have facilitated Florida’s first-ever ocean-to-air perishables transshipment from Guatemala to Amsterdam. The first transshipment included nearly 10 tons of snow peas from Guatemala…