Hapag-Lloyd Ships 42 Trains to Peru
apag-Lloyd has loaded a metro train with six cars today in Salerno, Italy. The train will be shipped aboard the Cerinthus to the Peruvian port of Callao. From there, it will be transported to the capital Lima using low-loader trucks. The journey from Italy to Peru will take around 29 days. 42 metro trains with a total of 252 cars will be shipped to Peru by February 2019. The modern, driverless trains…
Wave goodbye to $50 bln - Drewry
Container industry revenues are contracting faster than carriers can cut costs. First-half results so far suggest sales are down by around 18%, increasing the pressure to reduce costs.
Royal IHC Completes Kargest TSHD in China
After 19 months of building, trailing suction hopper dredger (TSHD) JUN YANG 1 left Kinderdijk on 15 August 2016. A ceremony to celebrate the on-time completion…
ABB Marine Academy Offers Arctic Course
Responding to strong demand from the ice-going vessel segment, ABB says it has developed in cooperation with customers a new course for deck officers covering the…
ASRY appoints Acting Chief Executive
ASRY has appointed Magdy Mustafa as Acting Chief Executive, after the current Chief Executive announced his resignation to move back to Norway for family reasons.
Meyer Turku Cuts Steel for New Mein Schiff
The production of a new generation of Mein Schiff ships started today at Meyer Turku shipyard, Finland, with the steel cutting ceremony. The new Mein Schiff 1, NB-1392…
Little Rock Port Gets $6M for New Dock, Improvements
Congressman French Hill (AR-2) joined Mayor Mark Stodola to celebrate the official announcement of the a $6.185M TIGER grant awarded by the US Department of Transportation…
Svitzer Continues Its Expansion In Towage
In highly challenged shipping and salvage markets, Svitzer delivered an underlying profit for Q2 2016 of USD 23m (USD 30m). In the first 6 months of 2016, Svitzer…
Low Freight Rates Hit Maersk Line
Record low freight rates have driven the World’s largest container carrier Maersk Line to report a second-quarter loss of US$151 million. The second quarter result…
BigOceanData Vessel Monitoring for Singapore
BigOceanData and Alltek Technology Singapore have won a competitive open tender to supply AIS vessel monitoring services to a Singapore government organization.
TEN Delivers Aframax Tanker
Tsakos Energy Navigation (TEN Ltd) has announced the delivery of the Aframax crude tanker "Thomas Zafiras" from Daewoo Mangalia Heavy Industries which will immediately…
Shipping Industry Slumps, but Ship Scrapping Looks Up
While the shipping industry struggles through a historic downturn, ship scrapping business is seeing accelerating demand, reports WSJ. The global economic slowdown…
Russia Begins Naval Drill in Mediterranean near Syria
The Russian military has begun a naval exercise in the eastern Mediterranean, off the coast of Syria, to test its ability to deal with "crisis situations caused by terrorist threats…
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