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New Services for Sweden's Forestry, Steel Exports

Photo: APM Terminals

 APM Terminals Gothenburg has announced a new service designed to accelerate and improve Sweden’s supply chains in the forestry and steel export sectors.   As part of the company’s SEK 250 million container terminal investment plan, a new specialized facility within APM Terminals Gothenburg will enable

MOL Rolls Out 'Rolling Plan 2017'

Photo: Mitsui O.S.K. Lines

 Mitsui O.S.K. Lines (MOL) has formulated a new management plan starting from fiscal 2017.   In formulating the plan, it first devised a vision for the MOL Group 10 years from now (2027), along with a long-term course for management, and then drafted three-year and long-term business strategies to realize this vision.

Saipem Teams Up with Italy Railways in Russia Project Bid

Saipem has teamed up with Italy's state railways to bid for work on a Russian high-speed train project as the Italian oil engineering and contracting firm seeks new business to offset an ongoing slump in the energy industry. Oil service groups like Saipem have been hit by a sharp fall in oil prices

Mombasa's Port Traffic Up 2.4% in 2016

Container traffic through Mombasa, Kenya's biggest port, increased by 2.4 percent in 2016 after the opening of a new section of the port's second container terminal, port management said on Friday. The biggest port in East Africa and the region's trade gateway, handles imports of fuel and consumer

Lower Rates for Bigger Vessels Drag Baltic Index Down

© Volodymyr Kyrylyuk / Adobe Stock

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell for the ninth consecutive session on Friday, weighed down by lower rates for larger vessel segments. The overall index — which factors in rates for capesize, panamax, supramax and handysize shipping vessels — fell 25 points, or 2.

New Sensors Monitor Temp of Dangerous Goods

Markus Berner, Head of Digital Logistics, Bertschi Group (Photo: Nexiot)

Nexiot AG is customizing its zero-maintenance smart sensor system for Bertschi Group’s tank containers, to monitor the temperature of dangerous goods and help ensure safe delivery of consignments.   The data is then sent to a control system, enabling Bertschi Group to monitor the temperature of the product in the tank,

Maersk to Pay $4 Bln for Hamburg Sud

File photo: Hamburg Sud

The world's biggest container shipping company Maersk Line will pay 3.7 billion euros ($4.02 billion) for its acquisition of smaller German rival Hamburg Sud, it said on Friday.   Combined, the two companies will be able to realise annual operational savings of about $350 million to $400 million,

Cox Takes over as Matson Board Chairman

Matthew Cox (Photo: Matson)

Matson, Inc. president and chief executive officer Matthew J. Cox will succeed retiring chairman of the board Walter A. Dods, the company announced today.   The appointment becomes effective at the end of the company's annual shareholders’ meeting today, as Dods retires in accordance with the company's

Poland to Receive first US LNG Delivery in June

File Image: CREDIT GAC

Poland will receive its first liquefied natural gas supplies (LNG) from the United States in mid-June as a result of a deal Polish gas firm PGNiG signed with Cheniere Energy, state-run PGNiG said on Thursday.   Cheniere Energy will make the spot delivery at the Swinoujscie terminal on the Baltic Sea.

Baltic Index Down for Eighth Straight Session

File Image (CREDIT: AdobeStock / (c) Lukasz Z)

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell for an eight straight session on Thursday as rates for panamaxes and smaller vessels slipped, even as capesize rates strengthened.   The overall index, which factors in rates for capesize, panamax,

CMA CGM, Adani Ports Sign Pact to Operate Mundra Port

Photo: CMA CGM

 French shipping group  CMA CGM and Adani Ports and Special Economic Zone (APSEZ), India’s leading port infrastructure developer and part of the Adani Group, today signed a joint venture agreement, to operate a new container terminal (CT4) at Mundra Port, for next 15 years with an option to extend it twice for 10 more years.

Singapore Ranked World's Top Maritime Capital

Photo: Maritime and Port Authority of Singapore

 Singapore has once again emerged in top place in a ranking Menon’s Leading Maritime Capitals of the World Report (Menon Report) for 2017.   The study, by Norwegian consultancy firm Menon Economics, looked at 24 objective indicators and garnered survey responses from more than 250 industry experts across all continents.

MPA Honors Patrick Phoon

Patrick Phoon, Deputy Managing Director, Evergreen Shipping Agency (Singapore) Pte Ltd receiving the International Maritime Centre (Individual) Award from Mrs Josephine Teo. Photo: Maritime and Port Authority of Singapore

 Ocean transportation firm, “K” Line Pte Ltd, and Patrick Phoon, Deputy Managing Director of Evergreen Shipping Agency, received the International Maritime Centre (Corporate) Award and the International Maritime Centre (Individual) Award respectively.   The Maritime and Port Authority of Singapore

Op/Ed: Trump's Infrastructure Plan Should Include Inland Waterways

Photo: Little Rock Port Authority

Bryan Day, executive director of the Little Rock Port Authority, weighs in on President Donald Trump’s proposed infrastructure plan, calling for U.S. policymakers to consider inland waterways and ports in America’s infrastructure plan.    President Donald Trump and members of Congress continue to

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