ABS Exec Speaks at World Shipping Summit
ABS announced its participation in the World Shipping (China) Summit 2015, November 5-6, in Guangzhou, China, where ABS Senior Vice President and Chief Technology officer Howard Fireman spoke about changes in the global shipping industry. In his presentation in the morning Shipping Outlook Session on November 6, Fireman shared his view of the issues industry will be addressing over the next few years.
essDOCS Names Toet Board Chairman
essDOCS announced that Non-Executive Board Member, Andre Toet, has been appointed Chairman of the Board of Directors, succeeding Barry Williams, who is standing…
China: U.S. Patrol in S.China Sea 'harmed trust'
The patrol by a U.S. warship close to islands China controls in the South China Sea harmed mutual trust between China and the United States and caused regional tensions…
Cosmo Lifts US, Mexican oil on Common VLCC
Japanese refiner Cosmo Oil has for the first time shipped U.S. condensate and Mexican crude on the same supertanker to reduce costs, industry sources said on Friday. U.S.
Maersk Will Invest to Retain Market Share
A.P. Moller-Maersk will continue to invest in its shipping unit to retain its leading market share in the industry, which has experienced a prolonged slump, Chief…
Asia-Europe Box Rates Plunge 32 pct
Shipping freight rates for transporting containers from ports in Asia to Northern Europe fell 31.8 percent to $674 per 20-foot container (TEU) in the week ended on Friday…
Tepid Reception for Hapag-Lloyd IPO
Hapag-Lloyd CEO says IPO preparation a "tough fight" but firm reaps $300 million in proceeds. Shares in Hapag-Lloyd hovered around their issue price in their stock…
Maersk Profit Halves, Global Trade Forecast Dimmed
Container shipping demand at lowest since 2008 crisis; additional capacity supply far outstrips demand. Shipping and oil conglomerate A.P. Moller-Maersk said on…
Dorian LPG Acquires 'Commander'
Dorian LPG Ltd. a leading owner and operator of modern Very Large Gas Carriers ("VLGCs"), reported today that it has taken delivery of the ECO VLGC Commander from Hyundai Heavy Industries.
Lumishore Appoints IMTRA as Distributor in N. America
Lumishore USA, pre-eminent manufacturer of underwater lights, announced today that their product line is available and supported in North America by master distributor IMTRA…
MOL Containership Rescues Castaways
Mitsui O.S.K. Lines, Ltd. today announced that on October 29, 2015, the MOL-operated containership MOL PROFICIENCY safely rescued all two survivors 400 km offshore of Canary Islands.
Maersk Q3 Profit Drops
The Group delivered a profit of USD 778m (USD 1.5bn) negatively impacted by the lower oil price and lower average container freight rates, down 51% and 19% respectively…
Another Mega-Ship Facility Opens at Felixstowe
The Berth 9 Extension at the Port of Felixstowe, the Port of Britain, has been opened by Dr Therese Coffey MP, Deputy Leader of the House of Commons. The 190-metre…
Crews Continue Response for Sunken Lake Erie Barge
Crews continue to respond to and investigate a reported discharge of an unknown substance from the site of a sunken barge near Kelleys Island Shoal in Lake Erie Thursday.
China Invites India to South China Sea
In a dramatic turn of events, China has asked India to play a "constructive and positive" role in safeguarding peace and stability in the disputed South China Sea, reports PTI.
North America Dominates Global Container Shipping Market
In terms of geography, North America dominates the global container shipping market . This is due to improved transportation services in this region, says a report from Persistence Market Research.
CMA CGM Launches 'My First Containership' for Kids
CMA CGM has teamed up with French wooden toy manufacturer VILAC to launch a wooden toy containership for children. The toy will be branded with both CMA CGM and VILAC containers.
Ship Operating Costs to Increase
Moore Stephens’ annual survey, which indicates the direction of ship operating costs, suggests that crew wages, repairs and maintenance, along with drydocking are…
APM Terminals Pact with Qingdao Port
Leaders from Qingdao Port Group met with APM Terminals executives in The Hague to sign a Memorandum of Understanding (MOU) for the APM Terminals Vado, Italy port project.
Global Terminal Operators Go Green
Thousands of port employees around the world have enthusiastically contributed their time and effort to a joint environmental initiative launched by marine terminal operators DP World…
