Thursday, July 19, 2018

Cosco Shipping to Raise USD 1.94bn to Fund 20 Containership

Hong Kong-listed Cosco Shipping Holdings has approved the proposed public issue of over 2 billion shares targeted for 10 specific subscribers. The parent company,...

2017 Clean Air Action Plan Update Released

On October 23, the ports of Los Angeles and Long Beach released the final 2017 San Pedro Bay Ports Clean Air Action Plan (CAAP)...

Maersk’s Evora sets World Record for Cargo Handling at Port of Los Angeles

Maersk has revealed that it has set a world record for the most cargo handled in a single port call as MV Maersk Evora loaded...

MPC Contanier Ship Expands Fleet with Two Deals

The Oslo-based shipping firm, MPC Container Ships has continued its fleet expansion with the addition of two more container vessels. The company purchased a 2,564...

Chinese Ship Owners Invest in Six River Containerships

Chinese shipowners Cosco Shipping, Sinotrans and CSC and Zhonggu Shipping have inked a deal to jointly invest in six 1,140 teu newbuilding containerships, as...

UNCTAD Cites Oligopolistic Structures as Concern in Report

The Review of Maritime Transport 2017 says that seaborne trade grew by 2.6 per cent in 2016, reaching 10.3 billion tons. Although this was a...

Container Segment to Fuel Sea Port Growth in India

The container segment is expected to drive growth at Indian ports in the next few years. Major ports in the country are already gearing...

Container Trade Back on Track – Alphaliner

Alphaliner has revealed that the global container throughput growth is on track to exceed 6% in 2017. This is driven by strong value growth across...

New Mega-Ship Gantry Cranes Off to a Strong Start at HHLA Container Terminal Tollerort

Port of Hamburg announced that the COSCO Netherlands was the first ship to be processed by the five new container gantry cranes at the...

Six Crew Members, Including Captain of ‘Demeter’ Kidnapped off Nigeria Coast

Six crew members, including the captain, were kidnapped from the Liberian-flagged containership Demeter , while the vessel was sailing 50 nautical miles south-west of...