European Shipowners may increase freight rates or renegotiate bunker clauses in the coming year in order to capitalise on lower crude oil prices and consolidate the recovery seen in 2015, reports ICIS. Bunker fuel prices came down significantly…
The largest container ship to ever visit the U.S., the1,300-foot-long CMA CGM Benjamin Franklin, left the Port of Oakland Monday afternoon around 1:15 p.m. after docking at the port on New Year’s Eve, port officials said. It stopped at Los Angeles first before arriving in Oakland…
The Saudi-Iran standoff is certainly one to worry over given its ramifications for oil supply as they sit on either side of the Persian Gulf, the world’s biggest concentration of oil tankers, reports Bloomberg. The Strait of Hormuz at the…
“K” Line Group (Kawasaki Kisen Kaisha) taking steps to improve our corporate culture and climate through the “K”-no-Kaze” (“K” Line Wind) program. Additionally, it is prepared a long-term policy for environmental conservation—called “Environmental…
The Islamic Republic of Iran Shipping Lines (IRISL) is seeking to open bureaus across Europe, says its Managing-Director Dr. Mohammad Saeidi. IRNA reports Saeidi as saying that once the arbitrary sanctions on Iran are lifted, Iranian-flagged ships can travel between Iranian and European ports…
The third quarter results for Intermodal operator Ruscon shows that the company continues to increase its market share in Russia maintaining a strong position in a country which has seen imports fall by over 20 percent in the last 12 months…
Sailors’ Society has licensed a version of its Chapplaincy smartphone technology to ICMA, enabling all 28 members to share the digital platform transforming port to port welfare. The ‘Ship Visitor’ app will enable maritime chaplaincy organizations…
DP World London Gateway has welcomed one of the world’s largest container ships carrying a record 18,601-teu. The UASC-owned Al Muraykh called at DP World London Gateway to unload 3,800 containers. Al Muraykh, a new generation of ultra-large container ships…
Four managers from the GAC Group start 2016 with a new challenge as they take on new roles for the global provider of shipping, logistics and marine services.Peter Österman moves to his native Sweden to take on the new role of Commercial Manager – Shipping for Denmark…
The Geneva-based Swiss company, Mediterranean Shipping Company S.A. (MSC), which is the world’s second-largest shipping line in terms of container vessel capacity, has returned to Iran more than six years after it docked at an Iranian port the last time…
Shipping containers are defined as containers that facilitate the transport and carriage of goods without the need to unload and/or reload the cargo at intermediate points. These containers are large rectangular boxes made of a special…
Houston-based Cheniere Energy Inc has began production at what will become the first U.S. terminal to export natural gas from shale formations. It has officially flipped the switch at its liquified natural gas (LNG) export terminal in Louisiana…
The Ministry of Shipping has taken many proactive and progressive interventions in the areas of shipbuilding, port development, inland waterways and coastal shipping this year for the development of the maritime sector in the country. The key initiatives includes Sagarmala Project…
Promoting ease of doing business has been at the core of the efforts of the Ministry during the year. Focus has beenonsimplifying procedures by removing irritants that make it cumbersome to carry on business smoothly. The major highlights…
For the development of maritime sector in the country, India has rolled out some important projects and signed MoUs, asscording to the Ministry of Shipping. India signed an MoU with Iran for developing Chahbahar Port. An SPV, Indian Ports…
