Nils Smedegaard Andersen, chief executive officer at A.P. Moeller-Maersk qoted by Bloomberg as saying: 'We believe that global growth is slowing down. Trade is currently significantly weaker than it normally would be under the growth forecasts…
Neptune Orient Lines Ltd (NOL) has officially confirmed that it is a takeover target of two separate companies: French shipping company CMA CGM and Danish conglomerate AP Moeller-Maersk. As per a report in the Business Times, NOL said…
Refining capacity in Asia has been growing rapidly for many years. Not surprisingly, the vast majority of this growth took place in China, which more than doubled its refining capacity over the last 10 years. The other significant growth engine in Asia has been India…
ABS announced its participation in the World Shipping (China) Summit 2015, November 5-6, in Guangzhou, China, where ABS Senior Vice President and Chief Technology officer Howard Fireman spoke about changes in the global shipping industry.In…
essDOCS announced that Non-Executive Board Member, Andre Toet, has been appointed Chairman of the Board of Directors, succeeding Barry Williams, who is standing down after chairing the board since 2013, having previously served a term as Chairman from 2006 to 2011…
Ahead of next week’s Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC), global shipping, logistics and marine services provider GAC Group has announced the appointment of Shanaka Fernando as Regional Business Development Manager…
In terms of geography, North America dominates the global container shipping market . This is due to improved transportation services in this region, says a report from Persistence Market Research. The U.S. represents the largest market…
Moore Stephens’ annual survey, which indicates the direction of ship operating costs, suggests that crew wages, repairs and maintenance, along with drydocking are the costs that are most likely to increase most significantly this year and next…
Leaders from Qingdao Port Group met with APM Terminals executives in The Hague to sign a Memorandum of Understanding (MOU) for the APM Terminals Vado, Italy port project. Terms and investment amount were not disclosed. The MOU will create…
Swiss Shipping Line and Africa Car Carrier announce the starting up of their joint venture company under the name 'Blue Alliance Shipping.' Blue Alliance Shipping pools resources and many years of experience of the founding companies which combine their activities in the US-East Coast…
Jason Paulson has been named the new facilities manager at Duluth Seaway Port Authority, where he will serve as a liaison with tenants, service and governmental agencies, private contractors and other property users to derive safe and efficient use of Port Authority-owned land…
The Maritime Sector of the Egyptian Ministry of Transportation signed a Memorandum of Understanding (MoU) with the Port of Singapore Authority (PSA) as Singapore will operate and develop the Egyptian maritime ports, reports the Cairo Post. President…
Wells Fargo Securities says that headwinds face global shipping industry and the continued overcapacity means freight rate gains are less likely to stick. 'Given the continued overcapacity headwinds and easing containerized trade demand…
Global Ship Lease (GSL) has reported negative result for the third quarter of the year mainly due to impairment charges related to two vessels. Company reported revenue of $42.18 million. The estimated revenue was of $39.92 million. Earnings per share were $0…
David MacBrayne Ltd (DML) and global logistics firm GBA (Holdings) Ltd, operating as Solent Gateway Ltd, have won a contract to run one of the UK’s busiest military ports as part of a joint venture. The Gourock-based firm has been awarded…
