The New Zealand Government & Daina Shipping Company settle amount due arising from the container ship's grounding on 5, October 2011.Keith Manch, Director of Maritime New Zealand, confirmed that Daina Shipping Company will pay $27.6 million…
SA Singapore Terminals (PSA) invests in infrastructure & the latest port technology to develop Phases 3 and 4 of its Pasir Panjang Terminal (PPT). PPT Phases 3 and 4 will feature an automated container yard equipped with proprietary intelligent planning and operation systems…
Region’s first semi-automated terminal relies on SPARCS N4 to handle next generation container ships & higher rates of container exchange.Navis, a part of Cargotec Corporation, announce that Khalifa Port, located in Abu Dhabi, UAE, has successfully…
Clay Maitland is a ubiquitous figure in the global shipping circuit, never shy to share his accrued maritime experience of more than 40 years, ask the tough questions or supply the blunt opinion. Set to celebrate his 70th birthday later this year but not slowing a step…
According to a report in the Wall Street Journal, A.P. Moller-Maersk A/S is set to address the continued sluggish global trade numbers by reducing its capacity and raising rates, in addition to more slow-steaming measures to reduce the near…
Total annual operating costs in the shipping industry increased by an average 2.1% 2011, driven by crew costs, reports Moore Stephens The findings are set out in OpCost 2012, Moore Stephens’ unique ship operating costs benchmarking tool…
Troy Container Line, one the world’s largest American-owned NVOCCs, announce a new partnership with International Forwarding S.L. (IFS) of Spain. Founded in 1984 as a Non-Vessel Operating Common Carrier (NVOCC) Troy has become one of the largest companies in its industry…
42% of Maersk Line’s customers on the flagship “Daily Maersk” product between Asia and Northern Europe report direct savings on logistics costs. In 2011, Maersk Line launched Daily Maersk, providing customers with a ‘conveyor belt’ service between selected ports in Asia and Northern Europe…
AAPA Chairman Testifies Before Senate Committee on Water Resources Development Act; Testimony emphasizes importance of investment in waterside infrastructure. Jerry Bridges, the American Association of Port Authorities’ Chairman of the Board and Executive Director of the Virginia Port Authority…
DP World orders cranes for its new Jebel Ali container terminal from international and local suppliers.DP World, UAE Region signs agreements with local and international companies for the supply of 19 Ship To Shore (STS) quay cranes and…
Port of Liverpool & the Manchester Ship Canal become one entity under Peel Ports' management, the UK's second largest ports group.These two dynamic international trading centres form a single 44 mile seaway to the heart of the UK and Britain's…
Overall confidence levels in the shipping industry fell in the three months ended August 2012 to their lowest level for a year, according to the latest Shipping Confidence Survey from international accountant and shipping adviser Moore Stephens…
The first ship of four 2800TEU container ships, 'Kota Gaya', for Pacific International Lines (PIL) launched from Hyundai Mipo Dockyard, Ulsan, S.Korea. Navgathi Marine is providing the project management for the new-buildings for Pacific…
Measured by equity TEU, there is no change in the order & ranking of the top five international container terminal operators.PSA (Port of Singapore Authority) was again the leading operator in terms of equity TEU ahead of Hutchison (HPH)…
In recent years, excess vessel capacity has been plaguing shipping markets and the resultant drop in asset values has restrained financing options for ship owners. Following the financial crisis in 2008, demand across the major shipping segments – dry bulk…
