Container freight rates are forecast to rise modestly over the next 18 months from the all-time lows reached recently, but this will not be sufficient to rescue the industry from substantial losses in 2016, according to the latest Container…
Wilhelmsen Ships Service (WSS) is moving to ensure that its customers’ vessels pass through the new Panama and Suez Canals with the optimum efficiency, speed and safety thanks to a fresh Ships Agency ‘canal transit’ solution. The service, which will be run by dedicated local teams…
Greece’s deal with Chinese shipping giant COSCO is “helping the country stand on its feet,” Greek Prime Minister Alexis Tsipras said. “We are sending a strong message to the international markets that Greece is decisively entering a new phase…
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…
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…
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 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…
In a significant breakthrough for the container shipping business, the two criteria currently used when inspecting containers during the interchange process between operators and leasing companies are now to be harmonised. Until now, there…
With a one stop shop offer to facilitate your shipping experience, CMA CGM, in partnership with one of the largest marine insurance companies in the world, has developed a Unique Cargo Insurance Program to cover the unexpected and unforeseeable events that may lead to loss or damage of your cargo…
Qatargas, the World’s Premier LNG Company, today announced a flexible Sale and Purchase Agreement (SPA) with RWE Supply Trading (RWEST), a leading European electricity and gas company. Qatargas will deliver up to 1.1 million tonnes of Liquefied…
The tanker fleet has grown over the past twelve months by another 203 units amounting to 21.9 million dwt, says Gibson's Mid-Year Review of Weekly Tanker Market Report. This follows a period of very limited fleet growth (across all but…
Mark Whitworth, CEO of Peel Ports Group, and Gary Hodgson, COO, were VIP guests of the Mayor of Panama during the inauguration ceremony of the newly expanded Panama Canal when the official opening took place on Sunday, June 26th. The delegation from Peel Ports…