South Korea's largest deep sea carrier Hyundai Merchant Marine expects to post losses through the first half of next year due to poor market conditions, reports Bloomberg quoting its CEO Yoo Chang-keun. “This year will be the year to strengthen our financials…
Indian port professionals who follow courses given in Mumbai by APEC, the port of Antwerp training centre, can now benefit from a purpose-built training facility. The new facility was officially opened on Monday this week during the annual Port of Antwerp Mission to India…
The International Ship Masters’ Association 127th annual convention was held at Alpena, Mich., from February 2-4, 2017. In addition to business meetings and updates regarding Great Lakes and Seaway navigational matters, attendees heard speakers from a variety of agencies and organizations…
The U.S.’ top five trading partner countries for goods in 2016 were China, Canada, Mexico, Japan and Germany, according to full year 2016 U.S. international trade in goods and services data compiled by the U.S. Census Bureau and the Bureau of Economic Analysis…
BP's oil trading business, one of the biggest in the sector, reported a rare loss in the fourth quarter after it lost a $70 million lawsuit over an oil cargo delivered to a Moroccan refinery. BP's Chief Financial Officer Brian Gilvary said…
European Shipping Week will take place in Brussels from February 27 to March 2, and there delegates will focus on the correct packing of Cargo Transport Units (CTUs) and the safety issues that result from poor work practices. The Secretary-General of the International Maritime Organization (IMO)…
The Panamax bulker trade is mainly a grains trade, especially soybeans, and is very volatile. And while it has previously been dominated by vessels moving cargos from Brazil to China, this route has been on a downtrend from a peak during the last quarter 2015…
Norsafe, global life-saving marine systems manufacturer, is offering a specialized “Train the Trainer” course in lifesaving appliances (LSA) aimed at instructors and trainers working in nautical schools and training centers. The course covers…
The Conference of Professional Operators for Response Towing (C-PORT) recently appointed Captain John Ward, of Sea Tow Destin, FL., as its new Chairman of the Board. C-PORT is the only association that represents the marine assistance industry nationwide…
INTTRA, an ocean shipping marketplace, announced that it generated 16 percent growth in 2016 over 2015 in container orders, which include bookings, shipping instructions and shipping orders. The company processed 38.5 million container orders on its platform…
South Carolina Ports Authority (SCPA) announced an all-time record container volume of nearly 105,000 pier containers and 185,018 twenty-foot equivalent units (TEUs) handled in January. As measured in pier containers, or total box volume…
DP World Limited handled 63.7 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals in the full year of 2016, with gross container volumes growing by 3.2% year-on-year on a reported basis, and 2.2% on a like-for-like basis…
The cargo handled by 12 major Indian ports in November and December (Post demonetisation period)has witnessed a significant growth by registering an increase of 11.2 per cent and 12.7 per cent, respectively, reports PTI. The Minister of State for Shipping Mansukh L…
Scorpio Bulkers has its loss narrowed to $124.8 million, or $2.22 per share for the year ended December 31, 2016, compared with a net loss of $510.7 million seen in the same period a year earlier. However, it reported a loss of $20.6 million in its fourth quarter of 2016 ended December 31…
The number of cars taken by ferry has increased from 8.6 million in 2015 to nearly 8.8 million in 2016, a 1.7% increase. This is the fourth successive year of growth according to the annual results of the ferry industry. 2016 Ferrystat figures released today by Discover Ferries…
