Subsidy extended, largest marine terminal adds functions to night gates A $1.5 million subsidy program to stimulate night and weekend business at the Port of Oakland has been extended. The port’s largest marine terminal operator responded…
The pain of the current container market downturn extends beyond carriers, says Drewry's Container Insight Weekly. Some independent ship-owners are faced with either lowering charter rates to help save ailing carriers or risking their assets going idle…
On August 1, 2016, Ulf Hahnemann, current Vice President for Strategic Programs at Mars Inc. will join Maersk Line as Chief Human Resources Officer (CHRO) and be part of the management board of Maersk Line. Maersk Line’s current Chief Human Resources Officer…
The Maritime and Port Authority of Singapore (MPA) has started the construction of a new container terminal at the western end of the island to replace existing container port facilities and consolidate operations for the long term. The…
The opening of the offshore season in northern waters has seen specialist oil industry vessels return to Lerwick Harbor during April to support subsea development projects. This month has also brought the first cruise ship of the year to the…
MSC Lana Voy-JA618R made its inaugural call at Karachi International Container Terminal (KICT), marking the launch of a new Middle East Loop 1 (MEL 1) Service. To mark the event, KICT held a maiden voyage ceremony, attended by Mr Keith Lau…
DP World Limited today held its Annual General Meeting for the year ended 31 December 2015. DP World Chairman, Sultan Ahmed Bin Sulayem, made the following statement regarding operational performance in the first quarter of 2016. “DP World Limited handled 15…
Four carriers have announced a new OCEAN Alliance to start next year. Where does this leave those carriers left behind? To the surprise of many it was announced last Wednesday that four carriers – CMA CGM, COSCO Container Lines, Evergreen…
The investigative team who located the El Faro’s voyage data recorder (VDR) has determined that another mission will be necessary in order to retrieve the device, which may contain recorded conversations and sounds from the ship’s navigation bridge…
The voyage data recorder (VDR) belonging to sunken cargo ship El Faro was found early Tuesday morning in 15,000 feet of water, about 41 miles northeast of Acklins and Crooked Islands, Bahamas, the National Transportation Safety Board (NTSB) announced…
The number of TEUs shipped to Ports of Stockholm increased by five percent over the first quarter of 2016.During the first quarter of 2016 there was a five percent gain in TEU numbers at Ports of Stockholm compared to the same period of the previous year…
European shipowners hope that the momentum created by the Dutch Presidency’s High Level Event on Short Sea Shipping held in Amsterdam last February will result in maritime directors putting Short Sea Shipping on the top priority list when they meet today in Brussels…
Krishnapatnam Port inaugurated yesterday the maiden call of “M V Maersk Bentonville” as part of the direct weekly service from Krishpatnam to Salalah (Oman). The first voyage of Maersk Bentonville discharged 551 TEU’s and loaded 770 TEU’s of exports…
HCI Capital AG acquires the long-established Hamburg shipping company Ernst Russ GmbH & Co. KG. The HCI Group, which early in 2016 already the majority of the shares of König & Cie. Group had taken, thus expanding again the controlled fleet and strengthen its maritime services division…
Seaspan Corporation announced today that David Spivak is joining the Company as its Chief Financial Officer, starting May 2, 2016. Mark Chu will continue to serve as interim CFO until David's arrival, whereupon Mark will continue in his current roles as Vice President…
