Japanese shipping and logistics company Nippon Yusen Kabushiki Kaisha (NYK) said that its bulk Shipping division recorded lower profit than previous year.In the first quarter of the fiscal year ending March 31, 2020 (April 1, 2019, to June 30…
The outlook for global container port demand is modest growth and numerous uncertainties, but in the face of this, capacity expansion plans are also muted. This means that most world regions will see an increase in average terminal utilization…
Maritime innovator KVH has announced it has joined the Smart Maritime Network (SMN) as one of the founding members of the initiative dedicated to supporting collaboration and standardization in the development of IT systems for the shipping sector…
The Multicargo Terminal (T-MULT) of Complex of Port of Açu, in the north of the state of Rio de Janeiro, received its 100th vessel, after 3 years of operation.The milestone was reached with the arrival of the MV Wu Gui Shan vessel, which unloaded 52…
Look beneath the surface of a relatively calm month for long-term contracted ocean freight rates and, says Oslo-headquartered Xeneta, industry observers will see a maelstrom of activity, adjustments and market uncertainty.According to the latest XSI Public Indices report from Xeneta…
Great Lakes Dredge & Dock Corporation (Nasdaq:GLDD), a provider of dredging services in the United States, has reported financial results for the quarter ended June 30, 2019. The company weighs in as follows:Second Quarter 2019 Highlights•Revenue was $184…
U.S. and Chinese negotiators wrapped up a brief round of trade talks on Wednesday that Beijing described as 'constructive', including discussion of further purchases of American farm goods and an agreement to reconvene in September.The first…
The steel cutting ceremony of the second Costa Cruises ship build at Meyer Turku commenced with new traditions: The brand new plasma cutter line was used for the first time in a production start ceremony.Costa Cruises’ Costa Toscana will be…
Global Shipping Industry Delivers Comments to Official Consultation on Proposed Modifications to Panama Canal Tolls.The Panama Canal Authority (ACP) is conducting a public consultation on a proposal to adjust the Panama Canal tolls for containerships…
Keppel Group has clinched 18 awards at this year's Workplace Safety and Health (WSH) Awards, organized by the Workplace Safety and Health Council (WSHC) and Ministry of Manpower (MOM), Singapore. This is the highest number of awards won by a single organization this year…
ZEAMARINE has successfully been awarded a large ocean transportation contract from Schenker Australia Pty Limited for the BHP South Flank Project in Western Australia. The project scope encompasses the transportation of approximately 450,000 freight tons from China to Port Hedland…
Holger Kahl will cease his involvement as Managing Director of the German part of the Privinvest group with effect from July 31, 2019. He will, however, continue to remain involved with Holding Company in an advisory capacity.Following a meeting of the Privinvest Board of Directors…
Port operator DP World intends to increase its capacity in Turkey's western Yarimca port by 30% with $50 million investment by Q2 2020, its Turkish unit's chief executive Kris Adams said.Speaking to reporters in Istanbul, Adams also said that…
Japanese shipping major Mitsui O.S.K. Lines (MOL) celebrated a major milestone-25 years since the launch of MOL business operations in Indonesia.The carriers of containerized and other cargo said in a press note that it has hosted a party in Jakarta for about 200 attendees…
The National Shipbuilding Research Program (NSRP) has announced the election of new officers to its Executive Control Board (ECB).Don Hamadyk, Director, Research and Development at Huntington Ingalls Industries’ Newport News Shipbuilding division in Newport News…
