Israel’s shipping firm ZIM Integrated Shipping Services has launched an extensive program aimed at changing its organizational structure. The change is based on the company’s business plan to focus on profitable trade areas with the aim of building a lean and agile enterprise. ZIM said that the esse
Bahrain and Saudi Arabia have banned Iranian-flagged vessels from their ports, Gard said citing a GAC correspondent. As disclosed, the imposed restrictions introduced by the two countries stipulate that no dealings are to be undertaken with Iranian flagged vessels until further notice. What is more,
Final deliveries of rubber-tire gantry cranes (RTGs) and ship-to-shore (STS) gantry cranes, capable of handling ultra-large containerships (ULCS) of up to 16,000 TEU capacity, arrived at the new 1.3 million TEU deep-water APM Terminals Izmir facility in December, 2015. The video above gives an exiti
French container shipping company CMA CGM has signed a preliminary agreement with the Islamic Republic of Iran Shipping Lines (IRISL) which aims at increasing the company’s footprint in Iran, the French government said. Signed during a visit to Paris by the Iranian President Hassan Rouhani yesterday
The Islamic Republic of Iran Shipping Lines’ (IRISL) vessels will soon sail for Europe as they have been removed from the Office of Foreign Assets Control’s (OFAC) sanctions list, the company said in a release. IRISL, which was on OFAC’s list since September 2008, is expected to make its first visit
Limited supply growth in the Aframax sector of only 3.5% through the end of 2020 in addition to paradigm shifts in demand such as US exports and expanded Panama Canal opening will enable this sector to outperform the larger crude tankers, according to the latest report from McQuilling Services. “Afr
LNG Floating Storage and Regasification unit (FSRU) BW Singapore has carried out more than ten ship-to-ship (STS) operations and has sent out between 500-600 mmscf/d of natural gas on a daily basis since October 2015. The FSRU, operated by maritime transportation company BW Group, was hired by the E
Following the sanctions lifting against Iran on Friday, Japan plans to extend its deal on crude oil purchase from Iran until April 2017, National Iranian Oil Company (NIOC) said. Japan also intends to increase the amount of crude oil from the current level of 110,000 barrels per day, however the exa
Inspectors of the International Transport Workers’ Federation (ITF) have joined forces with dockers’ and seafarers’ union members in a campaign aimed at checking pay and working conditions on board vessels as part of the first East Asian maritime action week of 2016. The action week will be held fro
Iranian crude oil transporter the National Iranian Tanker Co (NITC) is planning to publicly list the company’s shares in an effort to raise cash to ready for a comeback to the global market following sanctions lifting. The information was disclosed to Reuters by Nasrollah Sardashti, NITC’s commercia
This year’s global containership capacity is expected to grow at a pace of only 4.6%, the lowest ever recorded for the global containership fleet, according to Alphaliner. Falling below the previously smallest year-on-year increase of 5.5%, recorded in 2009, this year will register well below the av
Global shipping giant Maersk Line and Middle Eastern petrochemical company Borouge have signed a Carbon Pact in an effort to further reduce the carbon footprint. The deal, inked as part of the Abu Dhabi Sustainability Week, will also enable the Middle Eastern plastics producer to deliver its product
Global port operator DP World and the Russian Direct Investment Fund (RDIF) have launched a new joint venture company targeting ports, transportation and logistics infrastructure in Russia. The two parties signed a document determining the key terms and principles of the joint venture in which DP Wo
National Shipping Company of Saudi Arabia (Bahri) is exploring possibilities with the Suez Canal Authority (SCA) on establishment of a joint Egyptian-Saudi shipping company. Namely, the two sides sealed a strategic agreement on cooperation in maritime transport on Wednesday, Bahri said. Under the de
