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Cambodia, China Deal For Submarine Cable
The Cambodian government signed a $70 million investment agreement with a Chinese-owned telecommunication infrastructure provider on Wednesday to connect Cambodia to a 25…
Turkish Power Ship to Supply Electricity to Zambia
Turkey's Karadeniz will in the next two weeks begin supplying Zambia with electricity from a power-generating ship as it looks to take advantage of chronic shortages in Africa…
Mombasa Port Traffic up 7.5% in 2015
Container traffic through Kenya's biggest port grew by 7.5 percent in 2015 after new cargo-handling infrastructure was built, shortening the turnaround time for ships, port management said on Tuesday.
Terex STS Cranes for Tanzanian HPH Terminal
Terex Port Solutions (TPS) has received an order to supply two Terex ship-to-shore cranes (STS) to Tanzania International Container Terminal Services (TICTS), a…
Suez Canal Access Channel Officially Opened
The terminal is also expanding in response to Egypt’s growing population and economy, and role as a global transportation hub. East Port Said, Egypt – Completed within just three months…
CMA CGM to Upgrade its PEX 3 Service
CMA CGM introduced its new PEX 3 service rotation linking US Gulf Coast and US East Coast (South Atlantic) to Asia, Africa and Mediterranean. Effective March 9th…
2015 a Record Year for the Port of Barcelona
The Port of Barcelona ended 2015 with positive results in its key traffic indicators, with record figures in foreign trade and certain strategic cargo segments such…
NileDutch Upgrades the Europe-West Africa Trade
Starting in March, NileDutch, the container carrier specialized in connections to and from West Africa, will upgrade its services from Europe to West Africa by operating two loops. Antwerp - Le Havre - Leixoes by rail to Lisbon - Lisbon - Algeciras - Tanger - Pointe Noire - Luanda - Lobito - Namibe - Abidjan - Tanger - Antwerp. A new service to Dakar and Abidjan will provide extra loading ports. Dunkerque…
Asia Tankers-VLCC Rates Slide
VLCC rates fall $10,000 in a week on dearth of cargo; demand fundamentals still appear favourable - Teekay CEO. Freight rates in Asian trades for very large crude…
CMA CGM Modifies its Midas and Swahili Services
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…
Hapag-Lloyd Enhanced West Africa Express Service
Hapag-Lloyd will restructure and further enhance the dedicated West Africa Service Network, the company said in its press release. Effective mid of March 2016, existing…
Harkand Signs Joint Venture in Angola
Harkand has signed a new joint venture agreement with ESOPEG Lda in Angola, its first strategic partnership in the country and third in the region as the global inspection, repair and maintenance (IRM) company continues to strengthen its capabilities across West Africa. The newly formed company Harkand Angola Lda, based in Luanda, will focus on the development of local IRM capabilities and services in country…
Ecoslops Issues €5.5 Mln Bonds for Growth
Ecoslops, the first company to develop a technology to sustainably produce marine fuels from refined marine oil residues (‘slops’), has announced the successful…
Coscocs Targets 2 Mln TEUs by 2018
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…
Asia VLCC Rates Hold Steady after Near 4-week High
Freight rates in Asian trades for very large crude carriers (VLCCs) are set to hold steady around current levels next week, after hitting a near four-week high on Thursday, as tanker supply matches cargo demand. "I can't see the market crashing, or spiking. There are enough ships - there is no real shortage of tonnage," a Singapore-based supertanker broker said on Friday. Around 32 VLCC cargoes have…
EIA: Floating Storage Up, Shipping Routes Altered from Distillate Oversupply
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. Europe is experiencing a relatively warm winter resulting in weaker demand, and also high refinery runs in Europe and increased imports have kept distillate inventories in the Amsterdam…
Two Migrants Drown off Sicily, Italy Coastguard Says
Two migrants drowned off the coast of Sicily, Italy's coastguard said on Friday, adding to the thousands who have died in the Mediterranean in the last year as European…
Shippers Avoid Panama and Suez Canals Due to Charges
Container lines are adopting alternative routes to the Panama and Suez Canals to avoid charges say the Copenhagen-based SeaIntel Maritime Analysis. SeaIntel state…
Bidding for Davao Port Project Moved to March
The Department of Transportation and Communications (DOTC) has moved the bid submission for the Davao Sasa Port Modernization public-private partnership (PPP) project to March 28 from Feb.
Grindrod Inks Writedown Charge, Cites Flagging Profit
South Africa's Grindrod flagged as much as 35 percent drop in annual profit on Thursday, after taking a $100 million writedown charge due to a slide in shipping rates and volumes.
Maritime Piracy
Houthi Rockets Wreak Havoc on Middle East Container Shipping
Narco-Submarines: The Hidden Depths of Drug Trafficking
Drug Smuggling on Ships and Submarines: An Escalating Threat
Maersk revises profit forecast upwards due to robust demand and disruptions in the Red Sea.
Global Shipping Carriers Are Feeling the Impact of the War in Ukraine and the Middle East
Maritime Piracy in the Horn of Africa:
Houthis Declare All-Out War on Israeli Shipping, Vowing to Strike Beyond Red Sea
Injustice at Sea: Greek Court Drops Charges in Deadly Migrant Shipwreck
