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Maersk to Merge Damco, Ocean Product Units

(Photo: Eric Haun)

A.P. Moller-Maersk will merge Damco Supply Chain Services and Maersk Line's Ocean Product, the Danish shipping giant announced on Wednesday, as it seeks to offer customers the chance to deal with one firm when shipping goods across the world.The operator of Maersk Line, the world's largest container shipping company,

Olmsted: Online & Open

A USACE rendering of the Olmsted lock area infrastructure (Credit: US GAO)

After more than 30 years of frustratingly slow progress, cost overruns and more than a few mistakes, Olmsted is finally poised for success. That’s something to celebrate.It is official: The U.S. Army Corp of Engineers (USACE) wants Olmsted operational by October. After more than 30 years, the ribbon

Gulftainer Signs 50-year Lease for Port of Wilmington

Peter Richards, Group CEO of Gulftainer; Delaware Gov. John Carney; H.E. Yousef Al Otaiba, Ambassador of the United Arab Emirates to the United States; and Badr Jafar, Chairman of Gulftainer’s Executive Board, at the ceremony marking the Port of Wilmington concession agreement signing. Photo by Gulftainer

Gulftainer, the world’s largest privately-owned independent port operator and logistics company based in the United Arab Emirates, finalized a 50-year concession agreement with the state of Delaware to operate and develop the Port of Wilmington, significantly expanding the company’s global footprint and reach.

Diana Shipping Signs TC Contract for m/v Artemis with Ausca

Image: Diana Shipping Inc

Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Ausca Shipping Limited, Hong Kong, for one of its Panamax dry bulk vessels, the m/v Artemis.The global shipping company specializing in the ownership of dry bulk vessels said in

HHLA Transports Ship Propeller for Hyundai Supreme

Floating crane “HHLA IV” loads worlds’s biggest ship propeller onto a vessel. Photo: HHLA / Dietmar Hasenpusch

Hamburger Hafen und Logistik AG (HHLA) loaded the biggest ship propeller in the world onto a vessel. The “HHLA IV” floating crane brought the gigantic 110-tonne object to the port of Waltershof, where it was hoisted onto the “Hyundai Supreme” container ship.It was the most powerful ship propeller to

Maersk to Spend $2 Bln to Meet 2020 Sulphur Cap

(Photo: Eric Haun)

Maersk Line said it will introduce a new Bunker Adjustment Factor (BAF) surcharge designed to recover costs of compliance with the global 0.5 percent sulphur cap set to enter into force on January 1, 2020. The Danish container carrier said it expects its extra fuel costs could exceed $2 billion.The BAF surcharge will be introduced on January 1,

UK Satellites Launched to Track Illegal Shipping Activity

Photo: Surrey Satellite Technology Ltd

Surrey Satellite Technology Ltd (SSTL) has confirmed the successful launch of two satellites, NovaSAR-1, a Synthetic Aperture Radar (SAR) satellite, and SSTL S1-4, a high resolution optical Earth Observation satellite.  The two satellites were launched into a 580km sun-synchronous orbit on board the

APM Terminals to Focus on VGM Accuracy

Praful Waghela. Photo: APM Terminals

Two years since the introduction of Verified Gross Mass (VGM) regulations, the industry appears to have achieved compliance but, “the accuracy of recorded weights still needs attention,” said a press release from APM Terminals.According to Praful Waghela, Global Product Manager VGM Services at APM Terminals,

ATCO Buys 40% Stake in South American Port

Neltume Ports, a subsidiary of Ultramar, operates in 16 port facilities and three stevedoring businesses primarily located in Chile and Uruguay. Photo: ATCO Ltd.

Calgary-based natural gas, electrical and real estate giant ATCO is getting into the transportation business after buying a 40-per-cent stake in a South American port operator Neltume Ports for about CAD$450 million (USD$340 million).Neltume Ports, a subsidiary of Ultramar, operates in 16 port facilities

Seven Major Ports Join Climate Action Program

Photo: The Port of Rotterdam

Seven ports have now elevated the Paris Agreement Climate Goal to the top of their agendas to keep global warming well below 2°C.With their World Ports Climate Action Program announced, the port authorities of Hamburg, Barcelona, Antwerp, Los Angeles, Long Beach, Vancouver and Rotterdam will collaborate

In Wake of 'Olivia', Pasha Hawaii Resumes Cargo Ops

(File photo: Pasha Hawaii)

Honolulu-based ocean carrier Pasha Hawaii resumed operations last night at Pier 1 and Pier 51 at Honolulu Harbor, after receiving an all clear from the U.S. Coast Guard and Hawaii Department of Transportation Harbors, following the passage of Tropical Storm Olivia over the Hawaiian Islands and the re-opening of all ports.

Teekay Tankers Completes of Sale-Leaseback of Six Vessels

Image: Teekay Tankers

Teekay Tankers announced that it has completed and closed the previously-announced sale-leaseback transaction for six Aframax tankers, the Whistler Spirit, Blackcomb Spirit, Emerald Spirit, Garibaldi Spirit, Tarbet Spirit and Peak Spirit.  The marine energy transportation said in a press release that,

Port of La Spezia to Grow Container Handling Capacity 33%

Francesco Di Sarcina secretary general port of La Spezia. (Photo: Greg Trauthwein)

Officials from the Italian Port of La Spezia and Contship Italia were in New York City today to discuss new investment in and strategic advantages of this historic port and facilities nestled in the Northwest corner of Italy.The second largest port in Italy, the Port of La Spezia counts geographic location as its first advantage, boasting a 48-ft.

DP World Plans 10-year Dollar Sukuk, 30-year Conventional Bond Sale

(Photo: DP World)

DP World, the Dubai logistics group and one of the world's biggest port operators, will meet fixed income investors ahead of a planned 10-year benchmark dollar sukuk offering, a document issued by one of the banks arranging the potential issue showed on Monday.The company has hired Barclays, Citi, Dubai Islamic Bank,

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