Mitsui O.S.K. Lines, Ltd. today announced that its group company in Singapore, Mitsui O.S.K. Bulk Shipping (Asia Oceania) Pte Ltd -which plays a central role in developing MOL Group business in Asia, Oceania, and the Middle East-received…
Shipboard testing to be conducted on the vessel APL England as NEI takes the next step towards full USCG Type Approval for its Venturi Oxygen Stripping (VOS) Ballast Water Treatment System.NEI Treatment Systems announced that the container…
Lower oil prices are sharply reducing the cost of shipping merchandise from Asia to the United States and Europe as the cost of bunker fuel tumbles.Container shipping companies deal with the volatility in fuel prices by adding a separate…
A report in the USA Today says that the U.S. ports are busy deepening harbors and building bigger terminals to draw the bigger ships. Across the USA, public ports and their private sector partners will spend more than $46 billion in port-related improvements through 2016…
According to Drewry Supply Chain Advisors, liner shipping service reliability on the three East-West trades showed an aggregate on-time performance of 64% in March - a five-month high. According to Carrier Performance Insight, the online schedule reliability tool provided by Drewry…
Global fixture activity for suezmax crude tankers rose in the first quarter by 5% year on year, with most of the activity coming out of West Africa. Suezmax fixtures out of the Caribbean rose by 48%, most of which headed to the US Gulf and East coast Panama…
The Georgia Ports Authority increased containerized cargo in March by 27.8 percent compared to the same month a year ago, for an additional 72,499 20-foot equivalent container units (TEUs). “We are moving record volumes while maintaining excellent service levels for our customers…
Chinese slowdown confirmed in Chinese and IMF data The Chinese economy grew by 7% y-o-y in the first quarter of 2015, according to National Bureau of Statistics in China. This is the weakest overall growth in six years. Growth during the quarter was strongest in the industrial sector (6…
The CMA CGM Group is pleased to announce that the French President François Hollande has decorated Mr Jacques R. Saadé, the CMA CGM Group Founder, Chairman and Chief Executive Officer, Commander of the National Order of the Legion of Honor…
China Cosco Holdings has scrapped 14 vessels between February 1 and March 31 this year, continuing progress with its ambitious fleet renewal plan. The 14 ships comprised of one container vessel and 13 dry bulk carriers, which have a combined capacity of 924…
Since February, freight rates on the three key container shipping lanes has left the erratic up and down movements behind only to slide week after week.On Friday April 10, 2015 the freight rate including ocean freight and surcharges, i…
Maritime and Port Authority (MPA) of Singapore said that Singapore bunker fuel sales rose 5.34% month on month and up 12.33% year on year, to 3.58 million mt in March reports Platts. The vessel arrivals in Singapore for bunker fuel rose to 3…
Drydocks World, the international service provider to the shipping, offshore, oil, gas and energy sectors, handled 37 projects simultaneously in the Dubai yard, exceeding the previous record of 35 vessels. “Since January 2015 Drydocks World has increased the rate of vessel completion…
Members of the Panama Canal Authority (ACP) Board of Directors and Administration returned to Panama after having traveled to Asia for the 24th joint meeting of its Advisory Board. The delegation met in Japan with the group of distinguished advisers to discuss Canal operations and performance…
CMA CGM announced the opening of a new corridor to Gabon's inland destinations via the port of Libreville. Coverage of Gabon's major locations (Franceville, Lambarene, Mouila, Bitam, Moanda, Mitzic, Makokou) is provided by rail and by road.
