Indian minister for shipping Nitin Gadkari has said port and shipping sector has potential to create nearly 4 million direct jobs and 6 million indirect employment opportunities over the next 5 years. Gadkari said 'all the developed countries have a vibrant port sector…
APM Terminals (APMT) is continuing with its new deep-water semi-automated Lázaro Cárdenas Terminal 2 (TEC2) project, which represents an overall investment of US$900 million, despite the slow Latin American economic growth, and sluggish global container shipping growth rate…
Transport minister, Lord Ahmad of Wimbledon has marked the end of National Apprenticeship Week by presenting eleven Thames apprentices with Maritime Skills Diplomas. For the apprentices, aged from 18 to 25, the Diplomas are the result of two years’ hard work…
* PSA International Pte Ltd (PSA) handled 64.10 million Twenty-foot Equivalent Units (TEUs) for the year ended 31 December 2015, representing a decrease of 2.0% from the previous year.* PSA's flagship Singapore Terminals contributed 30…
The Indonesian government has ambitious plans for major infrastructure projects in the near future in order to give a massive boost to the country’s economy, already the largest in South-East Asia. Its shopping list includes among other things…
Trelleborg’s marine systems operation hosted an exclusive one-day seminar for port authorities and consultants in partnership with the company’s exclusive agent for Greece, Seamark Marine on 1st March at the Metropolitan Chandris Hotel in Athens…
A number of reporting and operational errors caused the list and grounding of Höegh Osaka on January 3, 2015 according to an investigation by the Marine Accident Investigation Branch, UK.The report into MAIB’s investigation of the listing…
The Board of Harbor Commissioners has approved the appointments of new directors for the Port of Long Beach’s Finance, Surveys and Transportation Planning divisions.Maurina Lee, previously the Harbor Department’s controller, will become the Director of Finance…
The Suez Canal traffic data reported that 341 ships traverse the Suez Canal with a total cargo load of 18.88m tonnes from from 4 to 10 March 2016, as per a report in the Daily News Egypt. An average of 48.7 ships transited the canal per day during the past week…
Maersk Group says it is committed to a long-term partnership with Ghana, and will boost its investments in the country. Accroding to local media report, the Maersk Group Chief Executive Officer, Nils S. Andersen, revealed that Maersk is…
With an aim to boost shipbuilding in the country and attract investment in its maritime industry, the Government of Panama has presented a new bill dedicated to the development of the mentioned industries, says the Panama Maritime Authority (AMP)…
The total port cargo throughput of Hong Kong has seen a sharp decrease of 13.8% in 2015, amounting to 256.6 million tonnes, according to the Hong Kong Census and Statistics Department. It is the biggest year-on-year drop in the past 10 years…
The five international financial institutions partially financing the Panama Canal Expansion Program traveled to Panama earlier this week to see the 96.6 percent progress made thus far.During their three-day visit to the Canal, representatives were guided through the Agua Clara and Cocoli locks…
Peel Ports has been recognised for its commitment to environmental stewardship in the delivery of its Manchester Ship Canal project by the prestigious and historic Carmen Awards. The awards, which honour exceptional achievement in industry and individual enterprise…
Global Ports Investments PLC's container traffic slumped 31 percent and revenue sank 28 percent in 2015. Global Ports Investments' revenues fell to USD405.7 million in the year to the end of December. Net loss of the port operator in 2015 amounted to $33…