GAC at Dubai announced two new appointments within its Group Management team.Håkan Wester takes on the new role of Group Vice President – Strategy & Planning, and is charged with coordination and supporting the implementation of GAC strategy…
Oman International Container Terminal (OICT) received the first call of the Mediterranean Shipping Co (MSC), the world’s second largest container shipper with over 2.7m twenty-foot equivalent units (TEUs) per year, Lana vessel at the Port of Sohar…
Danish shipping giant Maersk — the world’s largest container carrier — began its first ever connection between northern European ports and Cuba last Friday, promising the fastest freight transit times between Europe and the Cuban port of Mariel…
South Korean companies are briskly moving to tap into Iran's fast-growing shipping industry, regarding the Iranian boom as a breakthrough to their prolonged business slump amid the global economic slowdown. According to IRNA, the head…
ExxonMobil said today it has started production at its Point Thomson project, the first company-operated project on Alaska’s North Slope.Central pad facilities are designed to initially produce about 5,000 barrels per day of condensate and 100 million standard cubic feet per day of recycled gas…
European shipowners hope that the momentum created by the Dutch Presidency’s High Level Event on Short Sea Shipping held in Amsterdam last February will result in maritime directors putting Short Sea Shipping on the top priority list when they meet today in Brussels…
U.S. oilfield equipment maker and service provider National Oilwell Varco Inc will cut its Norwegian workforce by another 520 people after low oil prices resulted in fewer orders, the company said in a statement on Friday.The latest round…
CMA CGM Group has decided to postpone its project to deploy 18,000 TEU-capacity vessels on Transpacific market trade. The much-anticipated launch of a weekly service with six mega-ships which was planned for the end of May has been delayed in order to optimise the use of its fleet…
The Indonesian Navy has instructed all commercial vessels to avoid piracy-prone waters around the southern Philippines, a spokesman for the Indonesian military said on Thursday, following a spate of kidnappings and piracy in recent weeks. 'The Indonesian Navy…
Kalmar, part of Cargotec, has secured an order for nine diesel-electric straddle carriers from the leading European port and transport logistics group Hamburger Hafen und Logistik AG (HHLA). The order was booked in Cargotec's 2016 first quarter order intake…
China Petroleum and Chemical Corp (Sinopec) has taken delivery of the first LNG cargo at its new terminal at Beihai City in Guangxi Zhuang, with the arrival yesterday of the LNG carrier Methane Spirit, delivering a cargo from ConocoPhillips…
German shipping company Hamburg Süd raised its revenue last year due to the acquisition of Chilean line Compañía Chilena de Navegación Interoceánica (CCNI), yet the container business still performed weaker than expected. The company reported an increase in total turnover by 16…
China COSCO Shipping Corp Ltd and three partners, including France's CMA CGM SA, announced a new shipping partnership, OCEAN Alliance, formed to challenge 2M - the world's largest container carrier alliance. Other members of the new COSCO…
Ocean carriers bucked a five-month downwards trend by improving container service reliability in March, according to Carrier Performance Insight, the online schedule reliability tool provided by Drewry Supply Chain Advisors. The average on-time performance in March gained 5…
China plans to make use of Arctic sea route for its shipping to shorten the distance by 30 per cent compared to the ocean passages traditionally used to connect the northern Atlantic and Pacific oceans through Panama Canal. Chinese ships…