Djibouti is in talks with French shipping company CMA CGM to develop a new container terminal at an initial cost of $660 million as part of the tiny African country's bid to expand into a sea and air transport hub for the continent. Aboubakar Omar Hadi…
Liberian-flagged containership MSC Kia Ora has been banned from Australian ports for three months after the operator failed to ensure crew were paid their wages in full and on time, and that critical equipment was maintained. The ban was issued by the Australian Maritime Safety Authority (AMSA)…
Hong Kong-based port operator COSCO Shipping Ports said that it 2017 profits have more than doubled from a year earlier, partly due to a one-off disposal gain and higher operating profits. The subsidiary and listed company of China COSCO…
Taiwanese ocean shipping company Yang Ming Marine Transport Corporation said that its consolidated revenues of 2017 totaled NTD 131.08 billion (USD 4.4 billion), up 13.59% compared with NTD 115.4 billion (USD 3.88 billion) in revenue from previous year…
Greek shipping tycoon and the owner of Olympiakos Piraeus and Nottingham Forest soccer teams, Vangelis Marinakis, denied any links to drug trafficking on Saturday, a day after a Greek prosecutor brought preliminary charges against him. The…
APL announced the launch of the Quetzal Express (QEX) service, a new weekly service that directly connects the key markets of China, Mexico and West Coast South America. The QEX service promises the industry’s fastest transit time of 22 days from South China to Mexico…
In a bid to harmonize port state control inspection procedures that will lead to the elimination of substandard shipping in the West and Central Africa sub-region, the Abuja Memorandum of Understanding (MoU) will host its 3rd Ministerial Conference…
WTO members expressed concern over the United States’ imposition of higher tariffs on steel and aluminium imports and the impact they may have on the global trading system at a meeting of the Council on Trade in Goods on 23 March, the same day the new US measure came into effect…
Russia's Ministry of Trade and Industry said on Friday it was preparing to impose restrictions on U.S. imports in response to U.S. tariffs on steel and aluminium, the Interfax news agency reported. (Reporting by Polina Ivanova Writing by Gabrielle Tétrault-Farber Editing by Andrew Osborn)
The Trump administration's planned steel tariffs and a potential trade battle with China could hurt U.S. liquefied natural gas companies just as a new wave of developments in the fast-growing market is gaining steam, company executives say. China is the fastest growing major buyer of LNG…
The ocean freight industry has seen several major incidents over the past few weeks, including two fires on board two separate Maersk vessels, and a containership collision in Karachi Port that forced the temporary closure of the port. These…
The Antwerp Port Authority aims to create the necessary conditions to supply onshore power for seagoing ships in the port. In order to realize this ambition, it will sign two agreements on Friday, 23 March, during the World Ports Sustainabaility Program-event in Antwerp…
GasLog Partners has agreed to acquire GasLog Gibraltar from GasLog (GLOG) for USD 207 million and to fully repay its USD 45 million unsecured term loan from GLOG. GasLog Partners and GasLog announced that they have approved entering into…
German asset and investment manager Ernst Russ Group has sold its stake in Marenave Schiffahrts AG, a shipping company in Germany. 'The focus of the Ernst Russ Group’s work was on restoring the business activities and realigning Marenave Schiffahrts AG in the maritime sector…
The British Ports Association has published a new strategic report - ‘A Brexit Dividend’, which calls on the UK Government to deliver on the Prime Minister’s pledge of ‘frictionless’ trade after Brexit. Following Monday's (March 19) agreement…