APM Terminals has reached an agreement with Perez y Cia to acquire their majority stake in the Barcelona-based Grup Maritim TCB and its maritime services’ container terminal portfolio in Europe and Latin America. Grup Maritim TCB has 11 container terminals with an annual throughput capacity of 4…
During the testing phase of the new Pacific locks for the Panama Canal, some water seepage was detected in a specific area of the new Pacific Locks in a section that separates the middle chamber and lower chamber, as they were being stressed…
Diana Containerships Inc., a global shipping company specializing in the ownership of containerships, today reported that the previously announced sale of the 2001-built Panamax container vessel “Cap Domingo” will not proceed. As announced on July 28…
Spectrum ASA entered into a Multi-client master co-operation agreement with the federal government of Somalia during a signing ceremony on September 5th at the SYL Hotel, Mogadishu.The agreement allows Spectrum to acquire approximately 28…
Maersk Line, the container shipping unit in the A.P. Moller-Maersk group in Copenhagen, says it will cut about 16% of its capacity on the West Central Asia-Europe trade lane. 'In our continuous effort to provide our customers with an attractive…
Japanese shipbuilding and maritime transport company Tsuneishi Holdings will invest up to $40 million to open ship repair services in Indonesia amid increasing efforts by the government to boost the archipelago's maritime industry, reports Jakarta Globe…
A survey by Clyde Marine Training shows that just under half of Merchant Navy personnel are still unaware of what STCW Refresher Training means and what they have to do to be compliant a full five years since the Manila Amendments were first introduced…
Many pieces of rotating equipment are operating below optimum capacity, affecting production costs, revenues and resulting in unexpected down time. DNV GL has been working together with operators to help unlock the potential of their existing rotating equipment…
Gujarat Pipavav Port Ltd (APM Terminals Pipavav) announced the successful berthing of the largest container vessel with capacity of approximately 9,971 TEUs in the history of the port. Maersk Saltoro is the largest container ship (981 feet long) ever to call at APM Terminals…
Chinese domestic container carrier Nan Tsing Container Lines has ceased operations of its entire shipping fleet as it struggled with mounting debts, says local media. This leaves more than 40 containerships operated by the shipping lines have been detained at several major ports in China…
In its latest weekly report, London-based shipbroker Gibson noted on China that “certainly, Chinese manufacturers have lost their appetite for commodities which has impacted heavily on demand for coal, iron ore and copper with an obvious impact on the dry cargo market…
From 1 October, a new regulatory amendment will come into effect which requires cruise ships calling to use low sulphur fuel (01% of less) while berthed in Sydney Harbor.A second stage of the amended regulation, which will require the use of low sulphur fuel (0…
Capesize - With the Chinese away from there desks during the final part of the week, conditions slowed down considerably with rumors of fixing out of West Australia already showing softer numbers. Nevertheless, the Pacific basin was still…
The Swedish government has proposed a Swedish tonnage tax system. The aim is for Swedish shipping companies to compete under equal conditions with companies in other countries in Europe.At Donsö Shipping Meet 2015, the Minister for Infrastructure…
The Global Marine Technology Trends 2030 report released today indicates that: * Momentum and capability for a significant evolution in ship design and operation is now building – the report presents design scenarios for commercial ships…
