The Helen Delich Bentley Port of Baltimore handled a record 86,149 twenty-foot-equivalent units of total container volume in August as shipping volume continued to swell. August volume of total containers, including empties, rose 12.6 percent…
The heavy lift arm of China’s Cosco Group, China Shipping Co (Coscol) has almost doubled its profit for for the first nine months despite a fall in revenue. Coscol recorded a profit of RMB366.08m ($57.67m) from January to September, a surge of 90…
Nils S. Andersen chief executive of oil and shipping giant, Moller-Maersk says that his company was prepared to weather the storm to defend its 15 percent share of the global container shipping market, reports CNBC. Of late, the shipping…
World Shipowners’ Association (WSA) has appointed Nigeria-born Forbes billionaire and President of Slok Group, Orji Uzor Kalu as interim president of the body. Kalu, an eminent businessman and former governor of Abia State will occupy the…
Chris Shirling-Rooke has taken the helm as the new CEO for Mersey Maritime following the retirement of his predecessor, Jim Teasdale.Shirling-Rooke, who joined Mersey Maritime as Commercial Director in 2013, took on the role of acting CEO 12 months ago…
State-owned shipping giants China Ocean Shipping Co. (Cosco Group) and China Shipping Group (CSG) are in advanced negotations on combining their container shipping businesses, reports WSJ. Rumors of a merger deal between the two have been floating for half a year…
The world's commercial fleet grew by 3.5 percent during the 12 months to Jan 1, 2015, the lowest annual growth rate in over a decade, the United Nations Conference on Trade and Development (UNCTAD) reveals on Wednesday in its Review of Maritime Transport 2015…
The 2015 Review of Maritime Transport, published by the United Nations Conference on Trade and Development (UNCTAD), underscored the role of maritime transport in helping implement a workable international sustainable development agenda. The…
Domestic glut prompts Lithuania government to consider selling-off surplus gas supplies, reports Reuters. Lithuanian LNG importer Litgas could be about to start re-exporting LNG bought. Lithuania opened an LNG import terminal in 2014 and…
J.B. Hunt Transport Services, one of the largest transportation companies in North America, reported increased profits in the third quarter as demand grew for transporting shipping containers. The company reported third-quarter earnings of $115…
Greece's cash-strapped government is proposing to end increase taxes m the country's key shipping sector in order to boost revenues, but some shipping owners are threatening to move their ships abroad as a result, says a report in BBC. The…
A lawyer for the family of a missing crew member from the El Faro cargo ship, which sank off the Bahamas in a hurricane two weeks ago, said he filed a $100 million lawsuit on Wednesday against the owners of the ship. The lawsuit on behalf of the estate of Lonnie Jordan…
APM Terminals Pipavav (Gujarat Pipavav Port), one of western India’s fastest growing gateway ports has been awarded the Inland Container Depot (ICD) Preferred Terminal of the year at the 4th edition of the Gujarat Star Awards held in Ahmedabad…
French container shipping company CMA CGM has upgraded its services in Morocco, offering improved connections for the country’s citrus and vegetable exports to key markets including Russia, France, Spainand the UK. 5 maritime services will…
Samudera Indonesia has won a $70 million contract for supplying liquefied-natural gas to a power plant operated by state gold miner Aneka Tambang in Pomalaa, Southeast Sulawesi. The company will assign one of its 50 ships to serve the plant…
