DMCA registers 1,623 marine crafts and issues 2,396 marine crew licenses in 2015 While many sectors of the global maritime market recorded slowdowns in 2015, one area of the Middle East reports impressive growth figures. Dubai Maritime City Authority (DMCA)…
China Shipping Ports Development, the port unit of China Shipping Group, has agreed to acquire a 20% stake in the loss-making Korea Express Busan Container Terminal (KBCT) from parent CJ Korea Express (CJ Korex). KBCT manages the container terminal in the port of Busan Shinsundae…
Danish ocean carrier Maersk Line has begun the process of reducing its workforce as part of the cost cutting plan. The world's largest ocean carrier is eliminating 110 positions this month at its headquarters in Copenhagen where 1,125 persons worked previously…
Mercator Lines (Singapore) has agreed to sell three vessels, namely the Kesari Prem, Gauri Prem and Sri Prem Aparna on behalf of the vessels' mortgagee. Pursuant to this, the Company has entered into 3 Memorandum of Agreement to sell these…
CMA CGM is testing the ability of the U.S. West Coast ports to handle the biggest containerships – are they ready? U.S. West Coast ports are not yet in a position to handle 18,000 teu containerships regularly and have much work to do in…
The MSC Maya, the fourth of 20 Oscar-Class Ultra-Large Container Ships (ULCS), arrived at APM Terminals Gothenburg on December 21 from the Port of Bremerhaven as part of the regular port rotation of the Maersk Line/Mediterranean Shipping Company…
The European Commission has sent to Greece a set of proposals to ensure that state support to the maritime sector in Greece complies with EU state aid rules. In particular, the Commission found that current provisions may breach EU state…
Global shipping consultancy Drewry Maritime Research said the breakbulk shipping market is expected to remain weak until 2017, citing low freight rates and high competition. Although demand growth is expected to recover next year after a very poor 2015…
In 1812, Russia beat back the advance of Napoleon’s army. On 18 December 2015 there is a similar tone of seasonal retreat, with most hopes pinned on the New Year. Shame there’s no-one around to write a symphony about it. At this stage the…
In a continued effort to provide our customers with reliable and efficient services from Asia to Latin America, CMA CGM wishes to inform about the improvement of ACSA services linking Asia to Mexico, Central America and West Coast South America…
Ocean Yield ASA has agreed to certain amendments to the charter agreements with Höegh Autoliners (Höegh) for four PCTC vessels on long term charter. Ocean Yield currently has two newbuilding PCTC vessels of 8,500 CEU capacity under construction at Xiamen Shipbuilding Industry Co…
James Leeson starts in role at the UK’s newest deep-sea container port, with Tabare Dominguez promoted to role in Vancouver DP World London Gateway Port has appointed James Leeson to the role of Head of Port Commercial following the announcement…
Quality ship operations will be rewarded with a reduced inspection burden when the Black Sea MOU launches its new inspection regime on 1 January 2016. The Black Sea (BS) MOU had announced that their new inspection regime, BS-IR (2016), will be in force from 1 January 2016…
The opening of a newly expanded Panama Canal, previously scheduled for April, will be postponed due to cracks detected in the new set of locks that are the centerpiece of the $5.25 billion overhaul, EFE quotes Panama Canal Authority (ACP) head Jorge Quijano as saying…
BMT Isis, a subsidiary of BMT Group, an international maritime design, engineering and risk management consultancy, has announced the appointment of Barry Flower as Marketing and Sales Director. Flower has 25 years of experience in the…