International accountant and shipping consultant Moore Stephens says the banks will exert more control over the shipping industry in 2013. It also expects vessel values to fall further, and the cost of regulatory compliance to increase.Moore Stephens partner Julian Wilkinson says…
BIMCO has published its Reflections 2013, a concise, condensed and thought-provoking analysis of the challenges facing the shipping industry today and during the coming year. Shipping is a key facilitator of world trade and the performance…
Effective Shutdown of Nation’s Busiest Water Transportation Artery Looms Between Early- to Mid-January. The American Waterways Operators (AWO) and Waterways Council, Inc. (WCI) have released revised data on the economic impact of an effective…
Low freight rates and a challenging market are concerns for ship managers as they begin 2013. A survey of members of InterManager, the international trade association for the ship and crew management industry, has identified the main concerns affecting the industry as it begins the New Year…
Maersk Container Industry (MCI) purchased 116,000 plastic balls for a trial to test & increase the effectiveness of its refrigerated containers in delivering fresh produce. The balls were adapted so they would respire in much the same way as fresh fruit and vegetables do…
Last of the 65 ton blocks that make up the foundation of the extended quay wall of the 1 million TEU expansion laid in place.The Jebel Ali port expansion, scheduled to open for business in the second quarter of 2013, extends the quay wall by 400 metres to 3000 metres…
The Panama Canal is celebrating 13 years under Panamanian administration. During this period, the Canal has strengthened its role in international commerce as a result of investment in the modernization of its infrastructure, its expansion and an alliance with its natural surroundings…
Effective Shutdown of Nation’s Busiest Water Transportation Artery Expected Earlier Than Predicted: January 3-4. Late Christmas Eve, the U.S. Army Corps of Engineers advised industry of the most current 28-day weather and water forecast for the Mississippi River area near Thebes…
APM Terminals Apapa named “Best Terminal Operator of the Year” at Nigerian Maritime Excellence Awards in Apapa, Nigeria.APM Terminals Apapa, which assumed operational control of the facility in 2006, is now the busiest container terminal in West Africa…
Maersk Line wins 'Shipping Line of the Year' title at Supply Chain Asia (SCA) Logistics Awards 2012 in Singapore.The company was judged best in class among operators in the region – beating other finalists that included APL, Cosco, Hanjin…
The Port of Vancouver USA has announced that Port of Vancouver Commissioner Jerry Oliver will serve as president of the Washington Public Ports Association (WPPA) Board of Trustees for 2013. As president, Oliver will work collaboratively…
Intelsat S.A., a provider of satellite services, has announced that Mr. Grant Marais has been appointed Regional Vice President of Africa Sales, effective Jan. 3, 2013. Marais will be responsible for supporting the growth of Intelsat's customers in the region…
Gatekeeper USA, Inc. explains its marketplace and its innovation in container tracking and security.Containers account for 95% of U.S. import-export shipboard cargo. It is estimated there are 200 million shipboard trips annually among seaports around the world…
Westports Malaysia, operator of the country’s busiest port, Port Klang looks to potential markets in SE Asian countries to expand container business.Chief executive officer, Ruben Emir Gnanalingam, considered that despite the slowing down of demand in Europe…
Crowley Maritime Corporation has announced additional organizational realignments within its shipping and logistics team effective Jan. 1, including the appointment of Nelly Yunta to vice president of sales, marketing and customer care, and…