Several of the world’s top container lines are entering in different vessel-sharing alliances following the current wave of mergers and acquisitions among carriers, reports China Daily. There has been reports that had shocked the containership…
CMA CGM has announced the strengthening of its current MIDAS service by cooperating with PIL under a new Vessel Sharing Agreement. A fleet of 11 vessels of 3,500 TEU nominal capacity will be deployed, and CMA CGM will contribute to the majority with 9 vessels…
Transport Malta, the Authority responsible for the Malta Ship Register, through its Merchant Shipping Directorate, reports a strong and positive performance for 2015. The Maltese Register of Shipping saw an increase of almost 8.3 million gross tonnage in 2015…
The Port of Felixstowe welcomed 105 calls last year by container ships of over 18,000 TEU, including all the largest container ships in the world. It is now firmly established as the UK port of call for these giants of the sea. The year…
Texas ranks third among all states for domestic maritime jobs with Houston ranked second among all U.S. cities for its contribution to the U.S. maritime industry, according to a new study PricewaterhouseCoopers (PwC) for the Transportation Institute…
Subsea Global Solutions (SGS) has acquired the assets and personnel of Sea Sub Systems, an underwater vessel repair services company based in Tampa, Fla.The Tampa office, including all staff and equipment, will be rebranded Subsea Global Solutions…
The new deeper Suez Canal will be a beneficiary of the ‘One Belt One Road’ initiative taken by China’s leader Xi Jinping, especially when it comes to the opening up of the Iranian market following the lifting of international sanctions and the moving into importance of the Indian refinery markets…
China's biggest shipping line China Ocean Shipping Corporation (Coscocs) has revealed an ambitious plan to increase its container shipping capacity to hit a 2 million TEUs over the next three years, says China Daily. The company is raising…
The traffic developments through the Suez Canal showed the change in each type of transient and cargo ships, which gives an indication of the future of traffic in the canal, according to analysis conducted by Daily News Egypt. According to data…
Back in early 1999 the price of a 5 year old Panamax bulkcarrier dipped to $13.5m, and ever since analysts have hailed purchase decisions made at that time as some of the most lucrative shipping deals ever seen, says a report from Clarksons…
The dry bulk shipping sector has been dashed upon the rocks of vessel oversupply and slowing economic growth. Not dry bulk shipping business is grappling with an unprecedented crisis of too many ships and not enough cargoes, says a report in WSJ…
The Eleonora Maersk container carrier (15,500 TEU) entered the port of Antwerp on Thursday morning with a record draught of 15.65 metres, thus breaking the previous record of 15.50 m. With this new milestone the port of Antwerp once again demonstrates…
Mitsui O.S.K. Lines, Ltd. today announced that it will launch trial of onboard data transmission and accumulation for its operated vessels in cooperation with Ship Data Center Co., Ltd.(*) (Representative Director: Yasushi Nakamura; Headquarters: Chiyoda-ku…
According to a weekly update from the U.S. Energy Information Administration (EIA), an oversupply of European distillates is raising the amount of product being held in floating storage, and also causing changes to shipping routes to slow delivery to the continent…
The coming year will be challenging for the shipping industry as global markets face a slowdown, however, the measures put in place by the Singapore Government and Maritime and Port Authority of Singapore (MPA) to help boost the industry are very encouraging…
