Japan's top three shippers -Nippon Yusen KK (NYK), Mitsui OSK Lines and Kawasaki Kisen Kaisha - appear on course for net profit in fiscal 2017, buoyed by better market conditions and restructuring efforts, Reuters reported. The brighter outlook…
Eimskip has secured 80% financing of the contract price of the vessels with a 15 year tenor in Euros taken upon delivery. The lender is the German bank KfW IPEX-Bank GmbH. The loan is secured by China Export & Credit Insurance Corporation (Sinosure)…
APM Terminals Gothenburg has announced a new service designed to accelerate and improve Sweden’s supply chains in the forestry and steel export sectors. As part of the company’s SEK 250 million container terminal investment plan, a new specialized…
Diana Containerships Inc. announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Hapag-Lloyd AG, Hamburg, for one of its Panamax container vessels, the MV Sagitta. The gross charter rate is $9…
Container traffic through Mombasa, Kenya's biggest port, increased by 2.4 percent in 2016 after the opening of a new section of the port's second container terminal, port management said on Friday.The biggest port in East Africa and the region's trade gateway…
Nexiot AG is customizing its zero-maintenance smart sensor system for Bertschi Group’s tank containers, to monitor the temperature of dangerous goods and help ensure safe delivery of consignments. The data is then sent to a control system…
The world's biggest container shipping company Maersk Line will pay 3.7 billion euros ($4.02 billion) for its acquisition of smaller German rival Hamburg Sud, it said on Friday. Combined, the two companies will be able to realise annual operational savings of about $350 million to $400 million…
Matson, Inc. president and chief executive officer Matthew J. Cox will succeed retiring chairman of the board Walter A. Dods, the company announced today. The appointment becomes effective at the end of the company's annual shareholders’ meeting today…
China's Wuhan University of Technology (WUT) has partnered with Navis to implement the MACS3 ship loading computer and the Navis StowMan stowage planning program as educational software. In the future, prospective nautical officers will…
Newly appointed Baltic Exchange Chief Executive Mark Jackson has set out the Exchange’s vision of the near-future in a wide-ranging speech in Singapore during the concurrent MPA Singapore Maritime and Singapore Iron Ore Weeks.“The recent…
Florida International Terminal (FIT), operated by SAAM in Port Everglades - Fort Lauderdale (Florida, U.S.A.) acquired two new reach stackers Taylor model XRS-9972, a North American firm. The terminal now has 15 container handlers. The arrival…
Container shipping: new networks come into focus as the supply side holds the key to improvements DemandThe most recent available data show that demand for the container shipping grew by 2.7 percent in 2016. With the supply side growing by only 1…
Strainstall, a provider of container weighing systems and part of James Fisher and Sons plc, has achieved full Automatic Weighing Instruments EU-type approval from the National Measurements and Regulatory Office (NMRO) for its innovative Container Weight System (CWS)…
Tideworks Technology Inc., a full-service provider of comprehensive terminal management and planning software solutions, has announced that Crowley Maritime has gone live with CitadelMC, Tideworks’ cloud-based SaaS terminal operating system (TOS)…
Crowley Maritime Corp.’s new terminal operating system (TOS) at its Isla Grande port facility in San Juan, Puerto Rico, is allowing cargo to be delivered and dispatched from the terminal 50 percent faster than it had been previously, providing customers with increased supply chain velocity…
