Maharashtra Chief Minister Devendra Fdnvis has said that the state's proposed port in terms of traffic in Palghar Dahanu district will compete with the port in Gujarat Mundda, reports PTI. 'There is natural draught of 20 metres to receive bigger ships…
Thailand-based construction firm Italian-Thai Development is planning to construct a liquefied natural gas (LNG) import terminal at Dawei industrial zone Myanmar, with an investment of $500m says a news story in the Reuters. A press release from Roland Berger…
An article in WSJ highlighted the Greek shipping industry, which it says has 'emerged largely unscathed' from the nation's recent financial troubles. The reports say that shipping companies in Greece are buying vessels from cash-strapped competitors and German banks…
Orient Overseas (International) (OOIL), the parent company of Orient Overseas Container Line (OOCL), said its profit had risen 32 percent year on year (y/y) to $238.6 million in the first six months of 2015, due cheaper fuel costs helped it tide over a slump in freight rates…
South Korea's leading shipping line Hanjin Shipping has returned to the black in the first half with a profit of KRW127.2bn ($109.87m), erasing the loss of KRW424.2bn in the year-ago period. Net profit came to 104.26 billion won (US$89…
£500k investment in technology set to deliver world class operator training as Peel Ports prepares for mega ships at the Port of Liverpool In anticipation of the arrival of five of the world’s largest cranes at the Port of Liverpool this autumn…
As Gateway Terminals India (GTI) (one of the private terminal at JNPort, a JV between APM Terminals (APMT) and state-owned rail operator Container Corporation of India) is facing shutdown in operations due to the strike of contractor's employees…
Adani Ports and Special Economic Zone Limited (“APSEZ”), India’s largest port developer and part of Adani Group, today announced the financial results for the quarter ended June 30, 2015.Consolidated cargo across all ports handled by the company was 40 MMT in Q1FY16…
The ocean carrier merger - between China’s two state-owned megacarriers, COSCO and CSCL - rumours are back in the news! The beleaguered state behemoths struggling in a protracted industry slump - China Ocean Shipping Group (Cosco) and…
The $50 billion project of Hong Kong development company HKND to build an artificial waterway across Nicaragua to go ahead with some modification of the route of the canal to avoid affecting ecological zones and farming communities opposed to the project…
A picket of Hutchison ports in Sydney and Brisbane has entered fourth day after the Maritime Workers Union vowed to continue defying a Fair Work order to cease industrial action. The picketers say that the power to the site has been cut in a bid to move them off…
The Panama Canal Authority said that next month it will temporarily limit the amount of cargo for larger ships using the waterway because drought has lowered water levels in Gatun and Alhajuela lakes, reports AP. Earlier there were reports…
United Arab Shipping Company (UASC), a leading container shipping line and emerging global carrier, has ordered another 3,500 reefer containers, after ordering 2,000 units from Japan’s Daikin Industries in January, says a report in JOC. The…
Through the coordination of the Federal Emergency Management Agency, the amphibious dock landing ship USS Ashland (LSD 48) will depart Guam and arrive in Saipan Aug. 8 to provide relief in the aftermath of Typhoon Soudelor, which devastated the island Aug…
Hong Kong’s Marine Department has issued a reminder about safe handling of containers following the investigation into the death of a sailor on board a container vessel during cargo unloading operations.The incident occurred while containers…