Israeli liner carrier Zim Integrated Shipping Services is launching a new service between Asia and the U.S. East Coast via the Suez Canal at the end of May. The 10-ship loop will call in South China, Vietnam, Colombo, New York, Savannah and Norfolk…
General Mills UK & Ireland – responsible for a range of market-leading brands, including Old El Paso, Green Giant, Betty Crocker and Nature Valley – is to be the first tenant at a new state-of-the-art distribution hub that will save 600,000…
Navios Group has agreed to acquire another 14 vessels from HSH Nordbank in the second major distressed fleet deal between the two parties in the past two years. HSH Nordbank and the Navios Group have signed a binding letter of intent for…
Mitsui O.S.K. Lines, Ltd. (MOL) has signed a contract covering construction of four next-generation 'FLEXIE' car carriers at Minaminippon Shipbuilding Co., Ltd. To be delivered in 2017 and 2018, the ships will serve on on MOL's worldwide…
The Hamburg-headquartered shipping line Hamburg Süd was hit by the economic downturn on the carrier's key markets in Brazil, Argentina and Venezuela. The modest 2 percent increase in cargo volumes is attributed to the less-than-expected…
Cyprus is pushing ahead with the privatisation of its ports as part of the nation’s rehabilitation plans which will see a number of state-run entities turned over to the private sector. The Council of Ministers approved amendments to the…
Nicholas Scott-Gray has been appointed as the head of UK-based Montrose Port Authority (MPA) – bringing with him more than 26 years’ experience within the port and shipping sectors. He brings with him over 26 years of experience within the port and shipping sectors…
The 398-meter-long containership CMA CGM Kerguelen made its first call at the Port Klang Port Terminal in Malaysia, arriving to a very unique arrangement, the CMA CGM Group announced. No less than 12 cranes were used simultaneously to match the vessel's exceptional length and capacity (17…
NYSE-listed Scorpio Bulkers confirmed the sale of seven newbuildings for a total of $290mln to an unnamed buyer, said a company press release. The newbuildings comprise three capesizes and a kamsarmax bulk carriers, and three LR1 product tankers…
Colombia has licensed a Chinese Language ship to set sail after it was caught carrying One Hundred tonnes of explosives to Cuba illegally, the prosecutor’s workplace stated, though it continues to carry the vessel’s captain pending a felony investigation…
Since last nationwide analysis in 2007, U.S. seaport contributions to economy up dramatically Lancaster, Pa.-based Martin Associates, a provider of economic and strategic assessments of the world’s transportation systems, released the results…
CD-adapco, the largest privately held CFD-focused provider of Computer Aided Engineering software, has announced the opening of a third Japanese office location in Nagoya.Nagoya, a historical city and hometown of Shogun Tokugawa as well…
Following the meeting of EU Foreign and Interior Ministers in Luxembourg yesterday (20 April) the European and global shipping industries have welcomed the increased attention that all EU Member States are giving to the humanitarian crisis in the Mediterranean…
Oilfield services provider Baker Hughes Inc, which is in the process of being acquired by Halliburton Co for $35 billion, posted a quarterly loss compared with a year-earlier profit as it recorded a $772 million charge related to restructuring and other items…
From 2007 to 2014, the total economic value that U.S. coastal ports provide in terms of revenue to businesses, personal income and economic output by exporters and importers rose 43 percent to $4.6 trillion. This accounted for 26 percent of the nation's $17…
