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PSA International Ventures into South-Western China
PSA International (PSA) established itself as the first and only Global Terminal Operator in the Guangxi-Beibu Gulf region by signing a Joint Venture Agreement with…
China to be the Top Shipping Nation by 2030
China’s total international shipping volume will reach 6.2bn tons, which will account for 17% of the world’s shipping volume, says 2030 China Shipping Development…
Busy Season for Seaway
Grain shipments through the St. Lawrence Seaway are up 7 per cent this season, continuing the pace set last year when ships carried the largest volume of grain through…
SENER Group Reports Continued Growth
Turnover increased by 8 percent to reach 1.315 billion Euros, with net profit rising by 66 percent to reach 57.8 million Euros. The engineering and technology group SENER ended 2014 with a turnover of 1,315.7 billion Euros; an increase of 8.02 percent over the previous year. The group’s operating result came to 73.3 million Euros, representing an increase of 54.7 percent compared to 2013, and the holding company’s profit reached 57.8 million Euros (an increase of 66.1 percent).
Maersk Mulls African Expansion
AP. Moeller-Maersk A/S, owner of the world’s largest shipping container line Maersk Line is to drive to secure contracts to build and upgrade ports in Nigeria and Kenya, according to Bloomberg.
Are Tankers Going the Distance?
What is happening to the average voyage length of crude oil tankers? Tanker market pundits are continuously discussing the reasons for the strength of the market…
No more: Italy Refused to Take More Mediterranean Migrants
Italian politicians based in the north vowed not to shelter any more migrants saved at sea, even as thousands more were being rescued in the Mediterranean from smugglers' boats in distress…
Karpowership to Present Ghana Powerships Project
The forum will also provide a unique for Karpowership to share information on upcoming projects on the African continent. The Forum, which Karpowership will sponsor for the fifth year running, brings together ministers, government officials, sector leaders and investors to enhance cooperation toward finding energy solutions for Africa. With its expanding Powership Fleet, Karadeniz Holding continues to garner interest from visiting delegations to learn more about the cost-efficient…
BALTOPS 2015 to Kick Off on Friday
Seventeen NATO and partner nations will participate in the 43rd iteration of the multinational maritime exercise BALTOPS 2015 in Poland, Sweden, Germany, and throughout the Baltic Sea…
Intelsat’s EpicNG is on the Ways
While the true uptake of broadband across the maritime sector has been slow to develop, a number of market conditions are conspiring to drive the service mainstream. Intelsat’s Kurt Riegelman discusses the matter with Maritime Reporter & Engineering News. While the advent of full broadband in the maritime sector is the exception rather than the norm, the tides are changing as companies increasingly deploy fast…
CMA CGM Launches West African Service
The CMA CGM Group announced the launch of a new service, WAZZAN, joining Morocoo to North West Africa, and improving the container shipper’s Intra African coverage. The CMA CGM Group said the new service improves transit time between Mauritania, Senegal and Morocco by eight days, with previous transshipment calls being replaced by direct ones. In addition, a new direct call, from North West Africa and to Morocco, in Las Palmas is introduced.
Norway’s (Winding) Path Ahead
A precipitous plunge in energy pricing is problematic for a prodigious oil producing nation such as Norway, but it really only tells a portion of the story when evaluating the immediate future for the collective maritime and offshore energy markets. Prolonged stagnation in the global economy, growing political tension and instability in several world regions, and a general breakdown in international…
New Salvage Joint Venture in Africa
As part of the next step in creating its global marine services network, Ardent, the newly created company between Svitzer and Crowley, is launching a joint venture…
Homeless Atlantic Oil Cargoes Deepen Glut
Millions of stranded barrels underscore glut; elevated freight rates complicate search for buyers. A shadowy build up of oil has intensified in the Atlantic Basin…
Wartsila's 2nd Edition Encyclopedia Launch at Nor-Shipping
The second edition of Wartsila's Encyclopedia of Ship Technology is to be launched at the Nor-Shipping exhibition and conference being held in Oslo, Norway from June 2 to 5.
Vale to Ship Coal Along Mozambique Nacala Corridor
Brazilian miner Vale SA plans to start exporting coal along the Nacala rail and port corridor in Mozambique and Malawi in the third quarter after heavy rains damaged the rail line…
Panalpina Acquires Egyptian Agent Afifi
Switzerland-based supply chain solutions provider Panalpina is to acquire its Egyptian agent Afifi, a family-owned company specializing in freight forwarding, customs clearance and logistics. The move is an important step in Panalpina’s continued strategic expansion in growth economies, in particular in the Middle East and Africa, the company said. Afifi has been Panalpina’s agent in Egypt for the last 20 years.
Executive Changes at Transocean
Transocean Ltd. today announced that, as mutually agreed with the company, Esa Ikaheimonen is stepping down as Executive Vice President and Chief Financial Officer effective immediately. Mr.
BMT, Endeavour Energy Win Africa’s LNG Import Terminal Contract
BMT Asia Pacific (BMT), a subsidiary of BMT Group Ltd, has been appointed Owners Engineer and lead design consultant by Endeavour Energy for the development of the…
Somaliland to Pick Berbera Port Partner by End of Year
Somaliland expects to choose a partner to develop and manage its Berbera port by the end of the year, with construction expected to start early next year, the breakaway…
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
