The Panama Canal expansion project is now expected to be finished “mid of 2016” says a report in Reuters quoting the waterway's administrator. 'The new set of larger locks for the Panama Canal will be complete by the end of June, after…
Curtis Foltz steps down; Griff Lynch named new executive director of Georgia Ports Authority Georgia Ports Authority (GPA) executive director Curtis J. Foltz will step down at the end of the fiscal year, June 30, the port authority’s board of directors announced today…
A new 24-hour general strike in Greece is planned for February 4, by both public and private sector unions, while the Seamen’s Union is scheduling another 48-hour strike on the same date, Inchcape Shipping Services (ISS) is advising.The…
Effective February 1, 2016, Marco Simonetti assumes the position of Vice President for Developments and Reorganization at Contship Italia Group. The internal reorganization is in line with Contship’s response to evolving challenges of the…
Israel’s shipping firm ZIM Integrated Shipping Services has launched an extensive program aimed at changing its organizational structure. The change is based on the company's business plan to focus on profitable trade areas in which ZIM enjoys competitive advantage…
As part of the organisational changes announced last year, Maersk Line has shifted its Asia head office to Hong Kong from Singapore, reducing the number of regional offices to seven from eight. Maersk's two Asia regions, Asia Pacific and North Asia (China…
Shin Yang Shipping Corp Bhd (Syscorp) has shifted the focus of its container shipping business to domestic routes in the face of continued volatility in the international container shipping market, reports the Star. The leading Malaysian…
It seems increasingly unlikely that all shippers will be ready to meet their new verified gross mass obligation in July. What impact will this have on supply chains? Drewry has previously alerted exporters and importers of the lack of…
A report from the Freight Investor Services (FIS): “When there’s blood on the streets, it’s time to buy, even if the blood is your own,” shipowner Leon Patitsas rather enigmatically told this week’s Marine Money conference. Dry bulk, he…
Malaysian Bulk Carriers Bhd (Maybulk) is forecasting significant losses for the fourth quarter of 2015 and the financial year ended December 31, 2015 amid depressed market condition. Maybulk, which operates the country’s largest fleet of dry bulk vessels used for international shipping…
Global liquefied petroleum gas (LPG) export volumes for the calendar 2015 reached 80 million metric tons, an 11 percent increase over the previous year. U.S. LPG exports alone reached a record of nearly 21 million metric tons, which is a 50 percent increase over the previous year…
Taicang Container Lines Co. Ltd has rolled out the first direct container shipping line linking China's Yangtze River basin and Southeast Asia, reports Xinhua. The container ship departs once a week from and arrives at Taicang Port in east China's Jiangsu Province…
The largest global container firm Maersk Line has launched a new weekly service between Santa Marta and Turbo in Colombia and Northern Europe specifically designed for refrigerated cargo. Danish container shipping giant added this new service…
Japan's Nippon Yusen Kaisha (NYK) has posted a $277.5mln extraordinary loss in the third quarter of year ended 31 March 2016 as it reduced the book value of its fleet inline with current market prices and expectations. The extraordinary loss…
Greek dry bulk shipping company Diana Shipping has entered into a time charter agreement with Geneva-based SwissMarine Services S.A. for its Capesize dry bulker the m/v Houston. The gross charter rate is US$5,150 per day, minus a 5% commission paid to third parties…
