Akbar Associates has won the bid for constructing the second liquefied natural gas (LNG) terminal in Pakistan by offering the lowest tariff of 49.87 cent per million British Thermal Unit (mmbtu) for the LNG terminal. The board of Sui Southern…
Taiwan's Evergreen Marine Corp. is launching a new service soon to Vietnam, Singapore and Malaysia in a bid to tap into the booming economy in the Association of Southeast Asian Nations (ASEAN). Starting today (May 10), two 1,164 twenty…
The Norwegian shipping company Nor Lines has started a direct weekly RoRo connection between German Port of Cuxhaven and Norway. The first departure of the liquefied natural gas (LNG)-powered 5,000 dwt short sea cargo vessel MS Kvitbjørn was on May 7…
Dry bulk shipping company Diana Shipping and Wilhelmsen Ship Management (WSM) have joined forces in a new 50/50 joint venture named Diana Wilhelmsen Management Limited (DWM). DWM, to be based in Limassol, Cyprus, and will commence operations by the end of June…
Israeli container carrier ZIM is expanding its Asia – South America East Coast (SAEC) via the Suez Canal at the end of May.The new service, Asia – East Coast Brazil (AEC), a collaboration with the SSA group, will allow ZIM to offer a second weekly service on this trade…
An empowered committee established by the Kerala State government in India has recommend the lone bid submitted by the Adani Ports and Special Economic Zone Ltd. (APSEZ) to build and operate a new International deep water seaport project at Vizhinjam…
Goldman Sachs can't see an end to the dry cargo downturn until at least 2020 on a glut of vessels and stalling cargo growth, says a report in Bloomberg. Overcapacity and low fuel prices are bound to keep low dry bulk shipping freight rates for the rest of the decade or even longer…
Shipping services company Clarkson PLC warned that the outlook for the industry remains mixed in the short term and dry bulk and offshore in particular present challenges. 'The near term industry outlook remains mixed and the challenges in some of our markets continue…
AP Moller-Maersk has returned to South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering for its latest series of ultra-large container ships (ULCS), reports The Korea Economic Daily. The total contract to build 11 ultra-large containerships is worth US$1…
Iran released a Marshall-Islands flagged container ship Maersk Tigris and its crew has been released by Iranian authorities after the cargo company that owns it resolved a financial dispute which had been the subject of a court order. “The…
According to a report issued by the Intermodal Association of North America (IANA), domestic intermodal volumes rose 4.5 % in the first quarter of 2015, buoyed by domestic containers, which rose 6.5 percent in a quarter-over-quarter comparison…
Inchcape Shipping Services (ISS) said it has expanded its operations in North and Central America with the opening of a new office in Anchorage, Alaska. The new office will give ISS a physical presence in this strategically important area of Alaska…
With growth of 5.9% the port of Antwerp has got off to a strong start in 2015. In terms of container handling (in TEU) Antwerp even achieved growth of 9.5% in the first three months of this year. The 2M alliance of MSC and Maersk which last…
General Dynamics NASSCO has held a keel-laying ceremony for the first ECO tanker currently under construction for SEA-Vista, at the company’s shipyard in San Diego. The ECO tanker is the first of a three-tanker contract between General Dynamics NASSCO and SEA-Vista…
Monaco-based liquefied natural gas carrier owner GasLog has reported a sharp increase in profits in 1Q15, saying the sector's medium- to long-term outlook remains encouraging. Group net profits jumped to $13.8 million in 1Q15 from $6.4 million in the same period last year…
