Taiwanese container carrier Evergreen Line has partnered up with China’s shipping firm COSCO in operating a joint Adriatic – Israel (AIS) Service. The parties said that the new initiative opens up the corridor between North Adriatic ports, Piraeus and Israel, and provide direct and speedy service to
Port developer and operator Abu Dhabi Ports has launched its digital Vessel Management System which enables automation of all vessel management processes and services through the Port Community System, Maqta Gateway. Through the new system, all vessel arriving at any of Abu Dhabi’s commercial ports
Greek shipping company Neptune Lines has officially launched a new RoRo service in the Middle East. The inauguration of the new service took place in Dubai on September 27, 2016. The service will connect the UAE ports of Jebel Ali and Khalifa to the ports of Shuwaikh (Kuwait) and Umm Qasr (Iraq), as
A shipping company has many assets, which include ships, people, operational, commercial, technical expertise and its “Data”. The Maritime industry is believed to be generating an estimated 100 – 120 million data points each day which equates to terabytes of Data that can fill out Big Data centers.
The 74,269 dwt bulk carrier MV Paraskevi experienced an engine issue which caused it to briefly ground in the Suez Canal while it was transiting on the Northbound convoy, according to data provided by Wilhelmsen Ships Service (WSS). GAC Egypt said that there “was no grounding,” but that the ship had
Israel’s cargo shipping company ZIM Integrated Shipping Services has reached an agreement with its creditors to reschedule payments of USD 115 million, during a period of up to 12 months starting from September 30, 2016. With this deal, announced as part of ZIM’s financial results for the three-mont
Shippers could face fewer choices and higher rates in the long run as the container shipping world continues shrinking due to an increase in merger and acquisitions and carrier failures, according to shipping consultancy Drewry. Following Hanjin Shipping’s filing for court receivership, the containe
Dubai-based bunker trading and brokering firm Glander International Bunkering has merged with the Norwegian company Scandinavian Bunkering AS. Scandinavian Bunkering, which will be renamed and rebranded to Glander International Bunkering (Norway) AS, operates from Norway and Singapore and by way of
Despite being beset with technical challenges and shipowners opposition, the implementation of the IMO Ballast Water Management Convention (BWMC) might provide the basis for a dry market recovery, according to Maritime Strategies International (MSI) Following the regulation’s entry into force on Sep
Port developer and operator Abu Dhabi Ports has awarded a 35-year concession to build and operate a new container terminal at Khalifa Port to China-based Cosco Shipping Ports Limited – Abu Dhabi (CSPL SPV). Cosco Shipping Ports Limited will operate a container terminal with a draft depth of 18 metre
Shipping confidence, notably on the part of charterers and managers, improved for the second successive quarter in the three months to end-August 2016, according to the latest Shipping Confidence Survey from accountant and shipping adviser Moore Stephens. In August 2016, the average confidence level
Cash held by Hanjin Shipping, coupled with commitments from the company’s leading shareholder, the leading creditor, and the parent group’s CEO, should be enough to cover the costs of unloading cargo from the company’s container ships stranded offshore, Reuters reported a South Korean government off
The increasing number of large marine losses can potentially put severe financial strain and overwhelm insurance companies, Dieter Berg, President of the International Union of Marine Insurance (IUMI), said during the closing of this year’s IUMI 2016 marine insurance conference in Genova, Italy. Ber
The National Shipping Company of Saudi Arabia (Bahri) has announced the enrollment of its vessels in the United States Coast Guard’s QUALSHIP 21 program. Less than 10% of the ships that call at US ports meet QUALSHIP 21 eligibility requirements. Valid for three years, the QUALSHIP 21 enrollment prov
