The Panama Canal Expansion Program passes a milestone with the arrival of first shipment of valves for the third set of locks.The valves were built in South Korea by Hyundai Samho Heavy Industries.“This marks a new milestone for the Panama Canal expansion works…
The Dept of Defense exercise a 6-month option period for worldwide charter of a US-flagged passenger/cargo ferry.The vessel will support the Marine Corps, Third Marine Expeditionary Force, and will operate out of Okinawa, Japan. US Department…
The world's first hybrid reach stacker, developed by Konecranes, is soon to be available in the UK through Cooper SH.With a 45 tonne lifting capacity, the new SMV 4531 TB5 HLT features a hybrid diesel/electric driveline, an electrified hydraulic lifting system…
The Container Owners Association – the international organization representing container shipping lines and container leasing companies worldwide – has appointed Mr O I Kwon, Senior Vice President – Container Business Management Division, STX Panocean Co Ltd…
Modern Terminals Ltd. and WNS (Holdings) in strategic partnership to provide Business Process Outsourcing (BPO) services.Modern Terminals Limited, a leading container terminal operator headquartered in Hong Kong, and WNS (Holdings) Limited…
Retail Imports to Increase 2.3 Percent in January as Port Strike Threat Continues. Import cargo volume at the nation’s major retail container ports is expected to increase 2.3 percent in January over the same month last year as retailers…
PierPass Inc. has announced an initiative to reduce the number of transaction problems experienced when trucks pick up or deliver containers at the marine terminals at the Ports of Los Angeles and Long Beach. These problems – exceptions…
Diana Shipping Inc., a global shipping company specializing in the ownership and operation of dry bulk vessels, has announced that it has entered into a time charter contract with Augustea Bunge Maritime Limited, Malta, through a separate wholly-owned subsidiary…
This article deals with the evolution of piracy in the Gulf of Guinea. It was proclaimed in 2012 that the Somali pirate business model had been broken by a combination of coordinated naval patrols, heightened vessel security, and the ubiquitous presence of armed guards aboard valuable ships…
IMO Secretary-General Koji Sekimizu has launched this year's World Maritime Day theme, 'Sustainable development: IMO's contribution beyond Rio+20', calling on Governments and the shipping industry to join together and provide a positive contribution…
Global energy and commodity price reporting agency Argus has launched a daily marine fuels pricing and analysis service, Argus Marine Fuels. It provides market data and intelligent analysis of the increasingly complex marine fuels market. Trade in marine fuels is changing quickly…
Waterways Operators Commend Administration, Senator Durbin, Corps of Engineers; Stress Need for Continued Assurance of 9-Foot Navigation Channel on Mississippi River. The American Waterways Operators (AWO) and Waterways Council, Inc. (WCI)…
International accountant and shipping consultant Moore Stephens says the banks will exert more control over the shipping industry in 2013. It also expects vessel values to fall further, and the cost of regulatory compliance to increase.Moore Stephens partner Julian Wilkinson says…
BIMCO has published its Reflections 2013, a concise, condensed and thought-provoking analysis of the challenges facing the shipping industry today and during the coming year. Shipping is a key facilitator of world trade and the performance…
Effective Shutdown of Nation’s Busiest Water Transportation Artery Looms Between Early- to Mid-January. The American Waterways Operators (AWO) and Waterways Council, Inc. (WCI) have released revised data on the economic impact of an effective…
