Global port operator DP World said its joint venture (JV) with National Investment and Infrastructure Fund (NIIF) has won the bid to build a Free Trade Warehousing Zone (FTWZ) at Jawaharlal Nehru Port Trust (JNPT) Mumbai for USD 78 million…
Container line joint venture Ocean Network Express (ONE) dragged down NYK Line in the first half of 2018 ended September 30 with with Japanese shipping group in the red.NYK Line reported a loss of JPY 9.7 billion for the six months ended September 30…
The world’s biggest container ship, OOCL United Kingdom, made her maiden call at Malaysia's Westports in Port Klang on her way to China.The OOCL United Kingdom, with a carrying capacity of 21,413 TEUs, is one of the carrier’s six ‘G Class’ vessels…
Gordon Dadds Group plc said it agreed to buy one best known names in maritime law Ince & Co International.The merged firms will become a new global legal business and the largest listed law firm in the UK by revenue.Ince is a network of affiliated international commercial law firms…
Wallem Ship Agency was appointed to handle the recent call of the full-rigged Polish tall ship, the S.V. Dar Młodzieży to Hong Kong.The tall ship arrived in Hong Kong on October 26, 2018 and was berthed at China Merchants Wharf until 29th October…
Freight volumes passing through the Port of Gothenburg during the year to date are as follows. Container traffic is up 20% compared with the preceding year, and energy product flows remain consistently strong.A press release from the deep-water…
Kalmar, part of Cargotec, has signed a contract to supply a fully electric Kalmar Ottawa T2e electric terminal tractor to Long Beach Container Terminal (LBCT) for a six-month demonstration period. The order was booked in Cargotec's 2018 third…
Lloyd’s Register (LR) announced that John Hicks is President of Americas Marine & Offshore. Hicks returns to the U.S. after two years of leading LR’s Global Passenger Ship Center in Trieste, Italy as Global Passenger Ship Sector Manager and Italy’s Marine Manager…
As part of their mission to improve services for shippers moving cargo between the US Gulf Coast, Jamaica, and ports in Ecuador, Peru and Chile, Seaboard Marine and BBC Chartering are pleased to announce a new strategic cooperation which will be marketed as “Andino Service…
Scandinavian based Shipping and Freight Forwarding company Martin Bencher expands in North America with an office in Vancouver, BC, Canada.A press release from the project logistics company quoted Peter Thorsoe Jensen, CEO MB Group as saying…
The South Korean container carrier Hyundai Merchant Marine (HMM) has chalked out an ambitious blueprint for expansion.The ocean carrier's CEO C.K. Yoo presented HMM’s target of building up its capacity to 100 million TEUs and posting USD 10 billion in annual revenue by 2022…
International accountant and shipping consultant Moore Stephens has outlined a number of unexpected changes introduced by the UK Budget 2018 which could have implications for the shipping and offshore maritime industries. But it stresses that…
The bulk sector is navigating its way out of the doldrums but market correction has come at a price, delegates attending Bulk Terminals 2018 learned last week.Speaking in Hamburg at the annual conference of the Association of Bulk Terminal Operators…
Global Ship Lease, Inc., Poseidon Containers Holdings LLC and K&T Marine LLC has announced that they have entered into a definitive merger agreement for a stock-for-stock transaction representing a total transaction value of over $780 million…
JAXPORT’s public seaport terminals achieved record growth in container volumes, recording double-digit growth during the fiscal year ending Sept. 30, 2018. JAXPORT moved nearly 1.3 million twenty-foot equivalent units (or TEUs, the industry standard for measuring containers)…