Project, breakbulk and heavylift cargo transporter Intermarine, LLC said it has been certified in full compliance with the International Cyanide Management Code (Cyanide Code) by The International Cyanide Management Institute (ICMI). Following an extensive audit process…
The Baltic Exchange's main sea freight index climbed 2.6 percent on Wednesday to mark a three-week high, boosted by an increase in activity across vessel segments. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels…
The opening of the 2018 navigation season is scheduled to take place on the following dates and times: • Welland Canal: March 29, 2018 - 0800 hours (D.S.T.) • Montreal / Lake Ontario Section: March 29, 2018 - 0800 hours (D.S.T…
For 2018, the world containership fleet is expected to grow in step with global demand, according to BIMCO’s latest container shipping market outlook. DemandHaving experienced falling freight rates from August to year-end in 2017, most…
The Inland Waterways Authority of India (IWAI) has engaged consultant KPMG to study and devise a framework for operationalization and maintenance of the assets being built on NW-1 under the World Bank funded national waterways development project Jal Marg Vikas Project (JMVP)…
Global Ship Lease, a containership charter owner, today announced that it has agreed to an extension of its charter with OOCL for the OOCL Qingdao, a 2004-built, 8,063 TEU containership. The extension commences in direct continuation of the current charter with effect from March 11…
Honolulu-based Matson Inc reported fourth-quarter net income of $166.9 million. On a per-share basis it has profit of $3.90. The ocean transportation and logistics services company posted revenue of $516.1 million in the period, beating Street forecasts…
India's biggest container traffic handler Jawaharlal Nehru Port (JNPT) has achieved yet another milestone in its ambitious journey to become a world class maritime hub when the Prime Minister Narendra Modi laid the foundation stone for the fourth container terminal…
On a trade mission to India, the Montreal Port Authority (MPA) has signed a Cooperative Agreement with Mundra Port, Gujarat State, north of Mumbai. This agreement aims to develop cooperation in marketing and business development while sharing…
Denmark-based shipping company Hafnia Tankers has successfully completed a sale and leaseback in the Japanese market through the sale and leaseback of its 2010 built LR1 tanker, MT Hafnia Australia. The Vessel has been sold to a Japanese…
The three best performing dry bulk terminals in the world are Santander and Bilbao in Spain and Quebec in Canada, according to BIMCO’s 2017 Dry Bulk Terminals Vetting Report. Santander was rated first in all four major categories: terminal handling of loading/unloading…
Wallenius Wilhelmsen Logistics has signed a concession agreement with the Port of Zeebrugge to develop 49 hectares of land known as the Bastenaken West property located in the inner port. With this concession, in place until 2043, the company will nearly double its terminal footprint…
Europe's third-largest container port, Port of Hamburg, is preparing for the future with improved infrastructure and digitalization. Frank Horch, Hamburg’s Senator for Economics, Transport and Innovation, said: 'The Port of Hamburg must become a Port 4…
The port of Rotterdam, Europe’s largest, continued to grow in 2017 spurred by a significant gain in container throughput, which increased by 1.3% to 476 (461) million tonnes with the port returning to the growth trend seen before 2016. Particularly strong growth in container throughput of 12…
Seamless real-time flow of 100 percent accurate data provides organizations the ability to analyze and optimize all their supply chain processes. Data is at the heart of today’s business processes and operations. Exploiting the insights…
