On Thursday evening, October 1, 2016, the ship EL FARO went missing. The ship was en route from Jacksonville, Florida to San Juan, Puerto Rico. On Monday, four days after the ship vanished, the Coast Guard concluded it sank near the Bahamas in about 15…
Swiss Re Corporate Solutions has expanded its marine business by opening a North America marine office. Beginning October 1, 2015, the New York-based team will provide ocean cargo insurance, with additional products to follow, the company said…
Khalifa Port and Zayed Port become first commercial ports in Middle East to achieve certification for marine pilots; Abu Dhabi Ports Marine Services gets I.S.P.O – International Standard for Maritime Pilot Organizations – certification for pilots…
Although Cosco Pacific, the Hong Kong-listed subsidiary of China’s biggest shipping company China Cosc, is expanding in the Mediterranean area after taking part in the acquisition of port in neighbouring Turkey, it faces stiff competition…
The Greek government plans to delay the privatization process for its largest Port, Piraeus, by a few weeks due to delays caused by the September 20 election to the works of the ministries involved in the procedure, reports Reuters. The…
NSW Ports has successfully deployed Advent’s eModal wharfage module for Port Botany in Sydney and Port Kembla in Wollongong, says Advent Intermodal Solutions, a leading provider of IT-based intermodal solutions. The wharfage solution is…
Höegh Autoliners appointed Scandinavian Shipping & Logistics, which has already worked with the Norwegian ocean carrier in Sweden and Norway for several years, as its agent in Finland, effective Dec. 1., 2015. SSL is opening a branch office…
Höegh Autoliners has appointed Scandinavian Shipping & Logistics (SSL) as its agent in Finland from 1 December 2015. SSL, which has worked with Höegh Autoliners in Sweden and Norway for several years, is opening a branch office in Helsinki and has recruited Petri Kalkkinen as General Manager…
DP World is expanding its container terminal at Port of Caucedo following the expansion of the Panama Canal to accommodate larger container ships, reports ASC. DP World will increase the capacity of the port to 2.5-million TEU and started…
Transatlantic eastbound chemical freight rates dropped slightly this week on a continued lull in the spot market, ICIS reports brokers as saying. It was the second drop in as many weeks. The latest SSY Base Oil Shipping Report noted that…
Maersk Line will add a call at the port of Laem Chabang in Thailand on its Boomerang service starting from October 2015. This unique setup offers Thai exporters and importers with the first and only direct service between Thailand and Australia…
The Israeli ocean carrier Zim Integrated Shipping Services is upgrading its Asia-Mediterranean service network, comprising the East Med-Black Sea Express, or EMX, and the Asia-India Subcontinent East Med, or AME, by adding new port calls and upsizing tonnage deployment…
The Subic Bay Metropolitan Authority (SBMA) said that the volume of container cargo handled the Port of Subic between January and August nearly doubled year on year. SBMA Chairman Roberto V. Garcia said container volume at the Port of Subic has already reached 83…
The consortium in charge of the expansion of the Panama Canal, led by Sacyr reported that the fissures presented in the third set of locks will not delay the opening date scheduled for April 2016. The Grupo Unidos por el Canal (GUPC), comprising the Sacyr Spanish and Italian Salini Impregilo…
Epic Gas Ltd has closed a new USD 120 million post-delivery senior secured credit facility to finance its remaining seven owned vessels under construction. The facility covers approximately 65% of the contract price of the vessels, and has been closed in partnership with Coordinator…
