As freight rates keep declining, cost reductions are the top priority for box carriers.Drewry’s 2Q14 Container Forecaster highlights that there is a widening gap between the positive financials of the few carriers really focused on cutting costs and the rest of the top 20 lines…
The British Government has once again thrust its weight behind London International Shipping Week with an official visit to the LISW2015 stand at Posidonia in Greece by the British Ambassador in Athens followed by public shows of support at…
The proposed container ship P3 alliance between the 255-ship fleets of Maersk, Mediterranean Shipping Company S.A. and CMA CGM was turned down by China's Anti-monopoly Bureau at the Ministry of Commerce, because the P3 alliance intended to set…
Industry veteran and former Rio Tinto SSI trustee representative Alastair Fischbacher to take the helm at the Sustainable Shipping Initiative.The Sustainable Shipping Initiative (SSI), a coalition of companies from across the global shipping…
Crowley Maritime Corporation recently presented U.S. Merchant Marine Academy (USMMA) Midshipman Kevin Berto with the Maritime Security Enhancement Award during the Academy’s award convocation. Berto received the award, which was established by Crowley in 2003…
Overall confidence levels in the shipping industry fell slightly during the time span between March and May. Though, they remain at their second-highest level over the past six years, according to the latest Shipping Confidence Survey provided by Moore Stephens…
The Port Authority of New York and New Jersey informed that all terminals at the Port of New York and New Jersey will be Closed Friday, July 4 in observance of U.S. Independence Day. Port operations will resume Saturday, July 5.
Over the past three years, DELO Group, a Russian private transport company, has implemented an investment program, including rail and other adjacent port infrastructure, construction of stevedoring and inland storage terminals for oil products…
European Commission extends validity of special competition regime for liner shipping consortia until April 2020The European Commission has extended by another five years until April 2020 the validity of the existing legal framework exempting…
USCG revises policy on transfer of cargo by foreign tank vesselsThe U.S. Coast Guard (USCG) Sector Houston-Galveston has established a policy governing the transfer of cargo by foreign tank vessels in advance of overdue safety compliance…
Readiness for Panama Canal Expansion is Just One Variable Driving Global Play. Inland Waterways, Ports Must Tackle Time and Money Issues to Play in the Post-Panamax Era. It’s risky business.It always comes down to time and money, doesn’t it…
New Zealand's Port of Tauranga on Thursday said it had signed a 10-year agreement with domestic freight logistics company Kotahi to facilitate more large freight visits to the country's largest port.Under the agreement, Kotahi will provide…
A Port Tariff increase will come into effect for New South Wales ports covering Sydney (Gore Bay, Port Botany and Kurnell) from August 1, 2014, GAC reported in its daily Hot Port News report.Sydney Ports has determined that an increase in Statutory Charges of 9…
GAC has appointed Fredrik Nystrom as its new Group Vice President for the Asia Pacific region. He takes over from Dan Hjalmarsson, who has retired. Nystrom has been GAC's Regional Business Controller based at the Regional Office in Singapore since 2007…
Descartes Systems Group today announced the commencement of a marketed, underwritten public offering of 9,500,000 Common Shares. The underwriters will also have the option, at any time not later than the 30th day after the filing of the final prospectus supplement…
