The European Sea Ports Organisation (ESPO) issued a statement to contribute to the Commission’s Maritime Year and to follow up on the Valletta Declaration, the ministerial declaration on maritime transport, adopted on March 28 focusing on competitiveness…
“Port Houston handled close to 10 million tons of total tonnage, reflecting an increase of eleven percent over 2016,” Port Houston Executive Director Roger Guenther announced during the April meeting of the Port Commission of the Port of Houston Authority…
New shipping alliances that came into effect a month ago are unlikely to increase ocean freight competitiveness between the United States and its NAFTA partners, said online freight forwarder iContainers.According to data released by the U…
Shipments of limestone on the Great Lakes totaled 1,630,081 tons in April, a decrease of 16.3 percent compared to a year ago, the Lake Carriers’ Association (LCA) reports. Loadings also trailed the month’s five-year average by 22.4 percent…
TRAC Intermodal has announced that they have grown their “like new” refurbished chassis to over 30 percent of their Metro Pool fleet. These TRAC blue chassis have been refurbished to like-new quality with LED lights, new tires/rims, new electrical systems…
U.S. Federal Maritime Commissioner William P. Doyle issued the following statement regarding the FMC Decision: Yesterday, I voted to reject the Tripartite Agreement proposed by Kawasaki Kisen Kaisha, Ltd. (K Line); Mitsui O.S.K. Lines Ltd…
The containership charter owner Global Ship Lease (GSL) has reported first-quarter net income of $6.8 million. Its revenue stood at $39.6 mln for the Quarter. Ian Webber, Chief Executive Officer of Global Ship Lease, stated, 'During the first quarter of 2017…
Philippine President Rodrigo Duterte and Indonesian President Joko Widodo on Sunday launched a ferry route that will connect the two countries. The Davao-General Santos-Bitung roll on/roll off shipping service from Mindanao to North Sulawesi…
Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Koch Shipping Pte. Ltd., Singapore, for one of its Capesize dry bulk vessels, the m/v New York. The gross charter rate is US$14…
Japan's top three shippers -Nippon Yusen KK (NYK), Mitsui OSK Lines and Kawasaki Kisen Kaisha - appear on course for net profit in fiscal 2017, buoyed by better market conditions and restructuring efforts, Reuters reported. The brighter outlook…
Eimskip has secured 80% financing of the contract price of the vessels with a 15 year tenor in Euros taken upon delivery. The lender is the German bank KfW IPEX-Bank GmbH. The loan is secured by China Export & Credit Insurance Corporation (Sinosure)…
Euronav NV CEO Paddy Rodgers said that the company's financial results for Q1 was a confirmation of our thesis: short term challenges but a positive medium structure building for the tanker sector. On the positive side demand for crude oil remains robust…
APM Terminals Gothenburg has announced a new service designed to accelerate and improve Sweden’s supply chains in the forestry and steel export sectors. As part of the company’s SEK 250 million container terminal investment plan, a new specialized…
Mitsui O.S.K. Lines (MOL) has formulated a new management plan starting from fiscal 2017. In formulating the plan, it first devised a vision for the MOL Group 10 years from now (2027), along with a long-term course for management, and then…
Container traffic through Mombasa, Kenya's biggest port, increased by 2.4 percent in 2016 after the opening of a new section of the port's second container terminal, port management said on Friday.The biggest port in East Africa and the region's trade gateway…
