A second container terminal at V.O. Chidambaranar Port at Tuticorin, Tamil Nadu, India to be ready by year-end.The second container terminal will have a handling capacity of six hundred thousand TEUs (20-foot equivalent units) to cater to the needs of export/import traders…
Construction of the new 70-hectare container terminal at Port of Sohar begins shortly, operational in 2014.As part of the expansion deal, container-terminal operator Hutchison Whampoa has signed an agreement for developing the 70-hectare container…
Group’s 4Q 2012 performance improves 75%; meets cost saving goal of US$500 millionGlobal container shipping and logistics group Neptune Orient Lines (NOL) reported fourth quarter 2012 Core EBIT (Earnings Before Interest and Taxes) loss of US$69 million…
The Los Angeles Harbor Commission approved a resolution initiating an Environmental Impact Statement/Environmental Impact Report (EIS/EIR) on a proposed berth-improvement project by Yusen Terminals Inc. (YTI). Start of the EIR process…
CMA CGM, announced that passengers cabins are now available on board the massive CMA CGM Marco Polo containership (16 020 TEUs). These original cruises offer travelers the possibility to live a unique experience by discovering oceans, seas and…
Gulftainer has recorded a 24% overall increase on trade volumes in 2012 when compared with the previous year.Its Sharjah ports saw the greatest volumes throughout the year, with Khorfakkan Container Terminal seeing growth of 28 per cent on its 2011 figures with a staggering throughput of over 3…
Germany's Hamburg Süd Group has recently published its first Responsibility Report titled 'Making it our Business'.The report documents not only the ecological but also the social and societal responsibility the company exercises. At the…
The disabled 'Emma Maersk' starts the long tow from Suez to Europe for repairs to hull damage in vicinity of a stern thruster unit.Palle Laursen, Maersk Line’s Head of Ship Management in Copenhagen, says, “We are delighted that Emma is on the route back towards full service…
Port of Long Beach report surge in January container volumes, while those at Port of Los Angeles were slightly down.Up – Port of Long Beach Cargo volumes at the Port of Long Beach surged in January with 17.5 percent more containers overall…
Greek-based Euroseas Ltd., drybulk and container ship owners and operators, publish their Q4 & full year 2012 financial results.Full year 2012 Highlights: Net loss of $13.2 million or $0.34 net loss per share basic and diluted on total net revenues of $52…
Inconsistent Rules Create Uneven Application of Standards. (Captain) Jeff Cowan explores the how and why of the safety gap that comes as a direct result.Oil tankers and cargo vessels face a number of oil spill prevention regulations especially along the U…
Globe Express Services, one of the world’s top 100 global logistics providers, was recently honored with the Platinum Award by Maersk Line Shipping, a ocean carrier and reliable container shipping company.This marks the second consecutive…
There has been a significant volume of shipbuilding business reported in the week according to Clarkson Hellas.Dry Bulk CarriersThe dry bulk fleet has seen a number of new additions this week. It was reported that SWS signed an additional order with Clients of Thenamaris for 1+1 180…
Maciek Kwiatkowski will take up the leadership of DCT Gdansk at the beginning of April 2013.As DCT continues its preparations for the next major extension phase, an internationally experienced authority in port management, Maciek Kwiatkowski…
Danaos Corporation reports fourth quarter and full year results for the year ended December 31, 2012.Financial highlights: Operating revenues of $151.8 million for the three months ended December 31, 2012 compared to $128.3 million for the three months ended December 31…
