South Korea’s leading container carrier Hyundai Merchant Marine Co (HMM) is considering launching a regular liner service via the Arctic Sea, a move that could cut transits between Asia and Europe considerably, reported Pulse. South Korea’s…
Global Ports Investments PLC announced that First Container Terminal Inc., one of the Group’s sea terminals, has signed an agreement to sell its 100% shares in JSC Logistika-Terminal (LT), one of the Group’s two inland terminals, to PJSC TransContainer for a consideration of 1…
Golar LNG Partners announced that it has entered into a purchase and sale for the acquisition from Golar LNG Limited and affiliates of Keppel Shipyard and Black and Veatch of equity interests in Golar Hilli LLC, which will, on the closing date of the Acquisition…
Denmark-based shipping company TORM sold three vessels: TORM Anne (1999-built MR vessel), TORM Madison and TORM Trinity (both 2000-built Handysize vessels) during the first six months of 2017. Furthermore, TORM completed sale and leaseback transactions for three vessels: TORM Helene…
Maritime software, services and data analysis provider NAPA said it has updated its performance monitoring and reporting systems to enable simple, straightforward compliance with EU Monitoring, Reporting and Verification (MRV) legislation. Users of NAPA Shipping Solutions…
Rear Adm. Mark H. Buzby, USN, Ret. has been sworn in as the Administrator of the Maritime Administration by U.S Secretary of Transportation Elaine L. Chao. As Maritime Administrator, Buzby will lead the agency tasked with promoting the use…
KB Associates Europe Limited KBA(E) has announced a new partnership with the local representative – Batok Offshore and Oil Services Nigeria Limited for the arrangement of KBA(E)’s specialist training courses in country; such as Client Worksite Representative…
Qatar Navigation (Milaha) , a top Doha-based shipping and logistics group, said on Wednesday it had launched a new container service to Kuwait amid a diplomatic crisis that has seen it lose access to regional trans-shipment hub, Dubai.Milaha will operate the weekly…
The United Kingdom Hydrographic Office (UKHO) has supported the safe arrival of HMS Queen Elizabeth into Portsmouth by providing specialist marine geospatial and hydrographic expertise and data capabilities. Following initial dredging operations…
At 70 million tons, first-half seaborne cargo throughput in Hamburg in 2017, including the general and bulk cargo segments, all but matched the previous year’s, being one-fifth of one percent (0.2 percent) lower. In the first six months of 2017 containerized general cargo throughput at 4…
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, on Wednesday continued its winning streak as demand for capesize vessels strengthened.Rising for the thirteenth straight session, the overall index…
U.S.-flag Great Lakes freighters (lakers) moved 9.7 million tons of cargo on the Great Lakes in July, a decrease of 1.5 percent compared to a year ago, the Lake Carriers' Association (LCA) reported. July’s shipments also trailed the month’s long-term average by 8…
Maersk Line, the world's biggest container shipper, is venturing into trade finance, as it seeks to fill a lending gap left by indebted banks pulling out of the crisis-hit shipping industry. Moving into traditional bank territory and further down the shipping value chain…
Danish shipping group A.P. Moller Maersk reported an unexpected net loss in the second quarter due to terminal and tanker impairment charges, but said it was upbeat on the container shipping outlook. Maersk also said it expected a $200 million…
Ocean carrier Pacific International Lines (PIL), terminal operator PSA International and IBM plan to utilize blockchain for better security, efficiency and transparency in supply chain business networks and trade finance. Three companies…
