Global container carriers CMA CGM and MSC Mediterranean Shipping Company (MSC) has announced they will join TradeLens, a blockchain-enabled digital shipping platform, jointly developed by A.P. Moller - Maersk and IBM.With CMA CGM, MSC, Maersk…
South Africa's transport workers union Satawu threatened a 'total shutdown' at major ports across the country from Thursday after issuing a 48-hour strike notice for mariners over a payment dispute, the union said on Tuesday.The South African…
CSP Abu Dhabi Terminal, a container terminal built and operated by China's COSCO SHIPPING Ports Limited (CSP) at Khalifa Port in partnership with Abu Dhabi Ports, has received two of the world’s largest mega-vessels within less than a month - cementing Abu Dhabi’s position as a global maritime hub…
Damen is well-known for its comprehensive range of standard dredgers, but it has now added a radically different design to its portfolio: a twin-hulled, deep cutter suction dredger designated the DCSD500. This compact new dredger has been designed…
Two of the world's biggest shipping groups will join a Maersk led blockchain platform aimed at boosting efficiency and limiting the enormous paper trail of global container shipping.With Mediterranean Shipping Co (MSC) and CMA CGM, the second- and fourth-largest container shipping companies…
Adani Ports and Special Economic Zone (APSEZ), India’s largest private multi-port operator, reported a 41.45 percent surge in its consolidated net profit to INR 1,314.19 crore (USD 188.4million) for the quarter ended on March 31, 2019.However…
Malaysia's offshore oilfield services firm Bumi Armada announced that its first-quarter net profit jumped 28.5% on-year, mainly thanks to joint ventures, lower cost of sales, and lower distribution costs.Net profit for the January-March period climbed to 62…
The U.S. Coast Guard is soliciting for members of the public to participate in a Ports and Waterways Safety Assessment (PAWSA) workshop for the Straits of Mackinac that will take place in St. Ignace, Michigan, July 24 and 25.A longstanding and proven Coast Guard process for formal public study…
Willum Richards hands over chairmanship of the Association of Average Adjusters on its 150th anniversary to Richard Cornah.The Association of Average Adjusters, set for a memorable 150th anniversary after launching the celebrations at its annual general meeting on May 9…
MISC has announced its financial results for the financial period ended March 31, 2019.Financial Highlights:Group revenue for the quarter ended March 31, 2019 was higher than the corresponding quarter ended March 31, 2018.Group profit before tax for the quarter ended March 31…
GT USA, the US arm of Gulftainer, one of the world’s largest privately owned, independent ports and logistics company, has announced it has placed an initial order of 16 terminal tractors from Terberg Tractors Americas. The fuel-efficient, low…
Transnet National Ports Authority (TNPA) has taken the decision to introduce a helicopter service at its Port of Cape Town to transfer marine pilots onto and off visiting vessels. This would make the port one of three within the South African…
A.P. Moller-Maersk, the world's largest container shipping company, warned on Friday that trade tensions and an economic slowdown are slowing growth in global freight.Maersk, which is seen as an indicator of global trade patterns, cut its forecast…
Marshall Islands-incorporated Global Ship Lease (GSL) announced that it has agreed to acquire three 2004-built, 7,849 TEU containerships for an aggregate purchase price of $48.5 million.Upon delivery during the second quarter, the first vessel will commence a five-year charter with Maersk Line…
Few places offer the opportunity to get seasick without ever leaving dry land.Surrounded by moving images on high-definition monitors, students at the prestigious Texas A&M Maritime Academy in Galveston train every day aboard ship simulators…
