• UK shipping company announces rebrand after massive investment

    Portico has been revealed as the new brand for Portsmouth based shipping and cargo handling company, known previously as MMD Shipping Services. As a deep-sea port, with excellent transport links by road, rail and sea, Portico has secured £15m worth of investment over the next 10 years, which will dr…

  • Global Ship Lease signs new charter with Hapag-Lloyd

    Global Ship Lease, Inc. (“GSL” or the “Company”), a containership charter owner, has agreed a three-year charter with Hapag-Lloyd for the 2015-built, 9,115 TEU containership UASC Al Khor. The new charter is in direct continuation of the current charter and is expected to commence in June, 2019, with…

  • MSC, Contship Italia in talks for the largest Italian container terminal

    MSC discusses with Contship Italia in order to acquire 50% shares in CSM Italia Gate, the company that controls MCT – Medcenter Container Terminal. In addition to this, MCT is the concessionaire of the container terminal activities in the port of Gioia Tauro where MSC is already a partner and …

  • HMM, CNC and RCL merge their services

    Regional Container Lines (RCL), with its partners CNC and HMM merge RCL’s current RBC5 with the CSE service from CNC and HMM into a 6 x 1,700 TEU sized vessels covering: Ningbo (Sun) Shanghai (Tue) Ho Chi Minh (Mon) Manila North (Saturday) Shanghai (Thu) Shanghai (Fri) Ningbo (Sat) Laem Chabang (Sun…

  • Grande America sank: 2,000 cars, 365 containers on board – France began clean-up operation

    French authorities began a clean-up operation on Friday, March 15, after the Italian container ship “Grande America” sank off the French Atlantic Coast while carrying 2,200 tonnes of heavy fuel. Despite poor weather conditions, four ships began a clean-up operation on Friday afternoon. The 214-metre…

News

REKO investing in thermal treatment plant

REKO has started construction on a new thermal treatment plant that will process an annual total of 1.2 million tonnes of residual mineral waste – a mix of tar asphalt granulates and roofpaper – into clean sand, gravel, electricity and heat. The project, which will …

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Development of Port of Riga will boost Latvian economy

Along with changes in global transport flows and the economic situation of our region, the Port of Riga is changing as well in order to maintain its cargo turnover and successfully compete with other ports of the region. One way of ensuring jobs, earnings and …

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Hapag-Lloyd unveils its “Strategy 2023”

Focus on quality, selective global growth and profitability More investment in digitalisation Continuous cost and revenue management Return on Invested Capital (ROIC) above the Weighted Average Cost of Capital (WACC) Hapag-Lloyd has disclosed details of its new mid-term Strategy 2023. Following a period of consolidation, …

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Liberia becomes first flag state to join MACN

Liberia has become the first ship registry to be admitted to the Maritime Anti-Corruption Network (MACN) as an associate member. Alfonso Castillero, CCO of the Liberian Registry, says, “We are greatly honoured to be the first ship registry admitted as an associate member of the …

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Maersk to notify new Peak Season Surcharge

Maersk Line is notifying a Peak Season Surcharge (PSS) of USD 100 for 20’ and USD 200 for 40’ applicable to ALL DRY cargo from Jebel Ali (U.A.E) to Beira (Mozambique) and Durban (South Africa), effective from 15th December to 31st December 2018. For your reference, we …

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NYK looks to FinTech to realize Cashless Ships

As a part of the NYK Group’s medium-term management plan “Staying Ahead 2022 with Digitalization and Green,” NYK is currently considering the establishment of a new network that will enable onboard financial settlements through the remittance of electronic money (e-money). Onboard tests have been conducted …

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Second all-electric trucker in Oakland

Impact transportation buys $275,000 battery-powered tractor for yard ops. A second trucking firm at the Port of Oakland has turned to battery-powered big rigs. Impact Transportation said yesterday (Nov. 20) that it has purchased a $275,000 all-electric truck for yard operations. It’s the latest step …

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Teesport achieves an all-time record

PD Ports has announced an all-time record in container volumes handled at Teesport. This new record comes at a time when the Department for International Trade published its annual maritime statistics confirming Teesport, one of the deepest water ports on the east coast of England, …

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Port of Marseille Fos to cut ship emissions

At the end of 2017, the Port of Marseille Fos set up a working group that brought together players from the liquefied natural gas (LNG) sector to reflect on developing LNG as a marine fuel with a view to reducing the impact of ships in …

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Indonesia keen to buy sugar from India

Indonesia is interested in buying sugar from India but wants latter to cut import duty on refined palm oil and the sweetener substantially to 45 per cent and 5 per cent, respectively, according to sources. An Indian delegation is scheduled to visit Indonesia this week …

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ICTSI wins fifth straight The Asset ESG tilt

Port operator International Container Terminal Services, Inc. (ICTSI) has once again been honored as among the elite Asian companies that has shown all-round excellence in environmental, social and corporate governance (ESG) by Hong Kong-based financial magazine The Asset, winning the highest Platinum ESG citation for …

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Hapag-Lloyd announces new service

Hapag-Lloyd announces an enhanced service network by offering the Caribbean Express Service (CES). German company wants to further strengthen and optimize its presence in the Caribbean and Central America markets to North Europe, with special focus on serving the Reefer segment. As of January 2019, the …

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Container firms complain of poor services in India

Global container shipping clients are complaining that outsourcing services to low-wage countries such as India has led to a sharpdrop in quality of services, says a fresh international transport report. However, shipping experts from India maintain that what global clients claim as a ‘drop in …

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COSCO and PSA to expand Singapore terminal

Singapore, 21 November 2018 – COSCO SHIPPING Ports Limited (“COSCO SHIPPING Ports” or “CSP”) and PSA Corporation Limited (“PSA”) signed a memorandum of understanding today for the addition of two new berths at the COSCO PSA Terminal (“COSCO PSA Terminal” or “CPT”) in Singapore. With …

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Kuehne + Nagel makes significant acquisition

Acquisition of Quick International Courier Significant global expansion in the high growth segments aviation and pharma & healthcare logistics Enhancing global customer solutions portfolio Kuehne + Nagel announces the acquisition of Quick International Courier, a market leading provider of time-critical transportation and logistics solutions globally. …

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Operators accuse Maersk Group of monopolistic practice

Operators in the maritime industry have accused the Maersk Group of gradually building a monopolistic market for it self in Nigeria by creating more favourable opportunities for unit companies to have advantage over other competitors. Making the claim in an exclusive interview with Vanguard Maritime …

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Online gaming and container terminals (Kalmar)

Could online gaming open up new ways of running and optimising a container terminal? At the Kalmar Co-Create idea creation challenge held at TOC in Rotterdam last summer, several fascinating ideas came up. In one of conversations at the event, there was a discussion on …

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Ship Finance reports Q3 financial results

Ship Finance International Limited (NYSE: SFL) – Earnings Release Reports preliminary Q3 2018 results and quarterly cash dividend of $0.35 per share Ship Finance International Limited (“Ship Finance” or the “Company”) yesterday (Nov. 20) announced its preliminary financial results for the quarter ended September 30, …

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