As Asian forwarding and logistics markets continue to show strong growth, a new Forwarding Index has been launched by two consultants to measure current demand and forward sentiment. The APAC Forwarding Index is being developed by freight journalist and consultant Mike King…
East Libyan forces said they had regained control on Tuesday of the major oil ports of Ras Lanuf and Es Sider from a rival faction that seized them earlier this month.Military spokesman Ahmed al-Mismari told Reuters that the eastern-based…
George Devereese, Loss Prevention Adviser at UK P&I Club, advises on the Tri-Nation agreement to combat piracy in the Sulu Sea. It was announced last week that as of May 2017 Philippines, Malaysia & Indonesia will launch joint piracy patrols in waters of the Sulu Sea…
Jens Lassen, former head of Carnival Maritime and Donald Anderson, former CEO of V. Ships Group, have joined OSM Maritime Group as members of the board. “Jens Lassen has extensive experience from the maritime industry and ship management in particular…
There is a convergence of new advances in technology for ferries AND quantum leaps in ferry operations in Asia, Africa and North America. Can operating a ferry be made better safer and cheaper? Yes, says technology.What’s exciting…
Mitsui O.S.K. Lines (MOL) plans to further promote 'MOL Project & Heavy Cargo,' its brand for plant/heavyweight cargo transport services. The MOL Group will expand 'MOL Project & Heavy Cargo' activities in both Asia and Europe to enhance…
The rail operator H&S Container Line is introducing an additional round trip between Andernach in Germany and the two container terminals in the Deurganck dock in the port of Antwerp. H&S already operates on this route, but is raising…
Diana Containerships Inc., a global shipping company specializing in the ownership of containerships, has announced that it plans to reactivate one of its Post-Panamax container vessels, the m/v Pucon. The company also announced that, through a separate wholly-owned subsidiary…
Richard Fain, the chief executive officer of Royal Caribbean Cruises Ltd.and Lisa Lutoff-Perlo, CEO of Celebrity Cruises—one of three brands in the Royal Caribbean family—announced a new category of ship that, among other transformational design moves…
Acting Chairman of the U.S. Federal Maritime Commission (FMC) Michael A. Khouri has designated the agency’s Managing Director, Karen V. Gregory, to serve as Regulatory Reform Officer. Gregory will stand up a Regulatory Reform Task Force that will work to identify burdensome…
The global marine freight industry has struggled in recent years, suffering from a negative compound annual growth rate (CAGR) of 3.3 percent between 2012 and 2016 amid an increasing oversupply and a collapse of global demand, according to research firm MarketLine…
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose for a ninth straight session on Monday, helped by stronger capesize rates.The overall index, which also factors in rates for panamax…
A senior official at Libya's National Oil Corporation (NOC) warned on Monday of a possible declaration of force majeure at the Es Sider and Ras Lanuf oil terminals, as air strikes continued and rival forces mobilized fighters in the area.NOC board member Jadalla Alaokali said force majeure…
The Port of Virginia moved 220,376 twenty-foot equivalent units (TEUs) in February, 351 TEUs lower than February 2016, but placing its fiscal-year-to-date growth at 6.9 percent. The continued growth comes as the port has started the engineering…
India’s Shreyas Shipping and Logistics has approved plans for its subsidiary Shreyas Relay Systems (SRS) to acquire 99.9% of Balaji Shipping Lines from Transworld Holding (TWH). Shreyas Shipping said that consequent to the said issue, the…
