UASC Paves Way for Greater Presence in South America

UASC

United Arab Shipping Company (UASC) has appointed the Ultramar Group as its local liner shipping agency partner in ...

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Chinese Ports Must Adapt to Increasing Consumer Strength

Chinese Ports Must Adapt to Increasing Consumer Strength

Chinese ports will continue to face pressure in throughput growth in the next two years, on the back of economic ...

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Another K-Line Executive Gets Jail Time

Another K-Line Executive Gets Jail Time1

Another former executive of Japan-based Kawasaki Kisen Kaisha Ltd. (K-Line) pleaded guilty and was sentenced to 14 ...

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New Container Pool to Improve Euro Links

New Container Pool to Improve Euro Links

Zeebrugge-headquartered European Containers (ECS) and Finnish cargo carrier Containerships have agreed to enter ...

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US West Coast Port Operations Temporarily Suspended

Temporary Suspension of US West Coast Port Operations

Weekend vessel loading and unloading operations are being temporarily suspended this weekend at the US West Coast ...

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Egypt Inks LNG Supply Deal with Trafigura

Egypt Inks LNG Supply Deal with Trafigura1

The Egyptian Gas Holding Company (EGAS) and commodity trader Trafigura signed a contract on Thursday on supply ...

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India Readies CSL’s IPO

India Readies CSL's IPO

The Indian government is planning to issue 33.9 million shares of state-run shipbuilder Cochin Shipyard Ltd (CSL). ...

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2M Links Gothenburg with Japan

2M Links Gothenburg with Japan

Sweden’s Port of Gothenburg has acquired a new deep sea service to Japan through the newly formed 2M Alliance ...

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CMA CGM, Hamburg Süd Bolster Cooperation

CMA CGM, Hamburg Süd Bolster Cooperation

Liner giants CMA CGM Group and Hamburg Süd have reached an agreement to further enhance their existing cooperation. ...

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Baltic Dry Index Nearing Bottom

BDI Approaching botom

The Baltic Dry Index (BDI) has fell to 564 points on Thursday hitting the lowest in almost thirty years. The ...

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COSCO On a Roll

Zhoushan Shipyard

COSCO Shipyard Group said that it has secured two shipbuilding contracts through its subsidiaries worth ...

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China Favours Rotterdam Port

China Favours Rotterdam Port

In 2014, Rotterdam became the first European port to handle more than 3 million TEUs (20-foot container units) ...

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Hapag-Lloyd: MPS Sailings Cancelled amid Congestion

MPS Sailings Cancelled amid Congestion

German liner company Hapag-Lloyd said that sailings on its Mediterranean Pacific Service (MPS) westbound have been ...

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Monitoring Ships’ Performance Step in Right Direction

shipping_fumes

Introduction of fuel monitoring consumption mechanism for ships, approved by the European Parliament, can help CO2 ...

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Spanish Court Jails Six Somali Pirates

Illustration: EU Naval Force apprehends a skiff with suspect pirates onboard

A Spanish court has convicted six Somali pirates sentencing them on sixteen years of imprisonment each. Namely, the ...

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New Lock Terneuzen Project Put in Motion

New Lock Terneuzen Project Put in Motion

Ghent Port Company has applauded the agreement to build New Lock Teurnzen signed between Belgium and the ...

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France Pledges to Address Tax Law Exemptions

European-Commission

The European Commission has closed an investigation into the impact of French tax rule changes for maritime ...

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Added Capacity Pushes Costamare Further into Black

Added Capacity Pushes Costamare Further into Black

Athens-based ocean container carrier Costamare ended 2014 with USD 115.1 million net income, USD 13 million more ...

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Dorian Expects Strong LPG Demand to Continue

Dorian Expects Strong LPG Demand to Continue

NYSE-listed owner and operator of Very Large Gas Carriers (VLGC) Dorian LPG reported USD 16.4 million net income ...

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Euro Container Growth to Stall

Euro Container Growth to Slow

European container ports are unlikely to be able to maintain the strong growth rates of the past three decades, ...

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One Killed, Three Taken Hostage in Pirate Attack off Nigeria

One Killed, Three Taken Hostage in Pirate Attack off Nigeria

One crew member was killed and three taken hostage in a pirate attack on a Greek-owned tanker pending unloading off ...

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