The Board of FSL Trust Management Pte Ltd has announced the appointment of Philip Tan Eng Lay as the company’s Chief Financial Officer, effective July 1, 2014. Philip most recently served as Regional Head of Finance at AET Tankers Pte Ltd…
High cube 40-foot containers are stealing a march on traditional 40-foot equipment and by the end of 2013 represented just short of 50% of the maritime container fleet, according to Drewry’s recently published Container Census report.The…
A.P. Moller-Maersk said on Tuesday it had abandoned a planned ship pooling network after China's Ministry of Commerce surprisingly announced it had not approved it. Maersk shares were down 6.2 percent at 1100 GMT compared with a 0.7 percent fall in the Danish benchmark index…
The P3 Network will not be implemented following decision by the Ministry of Commerce (MOFCOM) in ChinaToday, the Ministry of Commerce (MOFCOM) in China announced that they have not given their approval to the P3 Network.On March 24…
DP World took advantage of strong market conditions and scarcity value to raise a $1 billion convertible bond with a ten year lifespan on Thursday, in order to fund growth opportunities and diversify its funding sources.The issue is a rare…
MOL Liner Ltd. has announced that Richard “Dick” Craig has been promoted to President and CEO of MOL (America) Inc. effective June 24, 2014. He has 34 years of experience in the container shipping industry including over 11 years with MOL.MOL Liner Ltd…
European Sea Ports Organisation (ESPO) says it welcomes the recent decision of IMO’s Maritime Safety Committee (MSC) that containers must be weighed before being stowed on board ship; however it stresses that the weighing of containers should not burden port handling activities…
Global Container Terminals (GCT) has announced the retirement of James J. Devine, President & CEO of GCT USA, at the end of June, 2014. Devine’s retirement brings a distinguished 13-year tenure with GCT to a close, where he was instrumental in revitalizing the US operations…
The P3 Network – the long-term operational vessel sharing agreement proposed by CMA CGM, MSC and Maersk Line is subject to regulatory review in jurisdictions in North America, Europe and Asia.In the European Union (EU), the P3 Network was required to conduct a self-assessment…
Maher Terminals LLC, a multiuser container terminal operator in North America, announced the appointment of Frank Capo as Senior Vice President-Commercial. Capo's overall responsibility for Maher will be to drive and formulate Maher's commercial and customer service strategy…
IMO informs that its Maritime Safety Committee (MSC) has adopted important SOLAS amendments related to inert gas systems as well as amendments to a number of treaties to bring into force the mandatory IMO audit scheme. In addition it has approved…
Board Members to Proclaim the Many Merits of Maritime in New York.NYMAR (New York Maritime Inc.) Board members are heading to Athens next week to promote the multiple advantages afforded by the New York Maritime Cluster. Chief on the list…
Mayor Eric Garcetti has nominated Gene Seroka, an executive with APL shipping line, as the next Executive Director of the Port of Los Angeles.The Board of Harbor Commissioners will consider Mayor Garcetti's nomination at its June 5th meeting…
The International Association of Ports and Harbors applauds the International Maritime Organization (IMO) for its adoption at the Maritime Safety Committee (MSC) 93rd session last week of the Amendment of SOLAS Regulation VI-2 regarding Mandatory…
The IMO has approved international regulations ensuring the weighing of containers before their carriage by sea informs the Danish Maritime Authority (DMA) . The provisions will increase safety, contribute to preventing accidents and prevent loss of containers over board…
