Global container trade continued to lose momentum in Q3 2018, with growth down to around 2.7% compared to Q3 2017, said A.P. Moller - Maersk in its Q3 interim report.Year-to-date, global container trade has increased by 4.2% compared with the same period last year…
The Oslo-based feeder tonnage owner MPC Container Ships has committed to buy exhaust gas cleaning systems (scrubbers) for five of its ships, with an option to buy ten times as many additional scrubber systems.Under the agreement, the scrubbers…
South Korea's largest shipping firm by sales Hyundai Merchant Marine (HMM) said that its operating loss in the third quarter increased to 123.1 billion won (US$108.65 million) from 29.5 billion won in the same period last year.According to the company…
Slovenia-based supplier of blockchain solutions for logistics, CargoX has launched the CargoX latform to become the first open, neutral, and accessible blockchain platform in the shipping industry.The company said that the platform can be used by businesses of any size…
Dubai-based global port operator DP World and the Rwandan government have opened East Africa’s first Inland Dry Port, 20 kilometers from the capital city Kigali and close to the international airport.DP World Kigali logistics hub is a secure…
Norwegian container operator Yilport Oslo set an all time high record in a single month with 21 363 TEUS in October 2018, registering an increase of 28 % compared to October last year.Maiken Solemdal, Commercial Manager at Yilport Oslo explained…
A retired U.S. Navy captain pleaded guilty to criminal conflict of interest charges and a former U.S. Navy master chief was sentenced to 17 months in prison today on corruption charges. The defendants are among the latest U.S. Navy officials…
Chiquita sticks with Hueneme, signing a long-term contract with the Port. The new contract builds on their thriving business relationship which began in 2004.Chiquita imports enough bananas to encompass the globe six times every year through the Port of Hueneme…
In the third quarter of 2018, A.P. Moller - Maersk progresses in the strategic business transformation, reporting growth in both Ocean and non-Ocean with a total revenue increase of 31% to $10.1bn, 12% excluding Hamburg Süd. Growth in non-Ocean was at 15%…
South Korea's Big Three shipbuilders - Hyundai Heavy Industries (HHI), Samsung Heavy Industries (SHI) and Daewoo Shipbuilding & Marine Engineering (DSME) - have hit record low in workforce.According to a report in Business Korea, the total…
APM Terminals Poti, Georgia, has commissioned a new, state-of-the-art, revolving spreader to load copper concentrate into bulk vessels. The spreaders are designed to improve efficiency and minimise the impact on the environment during bulk cargo loading operations…
Dick de Graaff, MA (48) has been appointed the new Director of Passenger Terminal Amsterdam (PTA) effective 1 January 2019. He is succeeding René Kouwenberg who will retire on the same date.PTA, which coordinates the efficient processing of cruise ships and receives their passengers…
QTerminals, the recently-established operator of the first phase of Hamad Port in Qatar, has reached 2mn TEUs (twenty-foot equivalent units) and 5mn tonnes of general cargo at the end of October this year, thus tripling the levels since the…
The provider of shipping transportation services Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Glencore Agriculture B.V., Rotterdam, for one of its Kamsarmax dry bulk vessels…
Containership lessor Global Ship Lease, announced a new time charter with ANL, a wholly owned subsidiary of CMA CGM, for the 2003-built, 2,207 TEU containership GSL Keta (formerly Delmas Keta).The containership charter owner informed that the new charter…