The Maersk Tigris container ship issued a distress call Tuesday morning after an Iranian Navy ship fired shots across its bridge and Iranian personnel boarded the commercial vessel, a Pentagon spokesman said. Army Col. Steve Warren told members of the Pentagon press corps that at about 2:05 a.m. Eas
Dutch-headquartered container terminal operator APM Terminals, part of Maersk Group, opened a new terminal facility at Port of Rotterdam’s Maasvlakte II, hailed as world’s first fully-automated, zero emissions container terminal. The 86 hectare (212 acre) deep-water terminal features 1,000 meters of
Saudi Global Ports (SGP), a joint-venture company formed between the Public Investment Fund (PIF) of the Kingdom of Saudi Arabia and Singapore-based port and terminal operator PSA International (PSA), started its commercial operations this month at the second container terminal in the King Abdul Azi
The Hong Kong-headquartered COSCO Pacific handled 16.5 million TEUs throughout its container terminals in the first quarter of 2015, a 6.6% increase compared to 15.5 million TEUs the ports and terminals arm of the COSCO Group handled in the first three months of 2014. The improved throughput transla
Qatar Navigation (Milaha) Q.S.C. is off to a strong start based on its financial results for the three months ended March 31, 2015. Milaha’s operating revenues reached QR 786 million against QR 699 million for the same period in 2014, an increase of 12% quarter over quarter. The company’s operating
Dubai-headquartered terminal owner and operator DP World Limited handled 15 million TEUs throughout its container terminals in the first quarter of 2015, with gross container volumes growing by 4.4% compared to the same period in 2014. The consolidated terminals, those where DP World has control as
Some shippers want faster services but they would probably be better served demanding better reliability first as carriers are too far down the slow streaming road to change course now and would require heavy persuasion even to consider introducing faster options, according to the UK-based Drewry Sh
In the first quarter of 2015, tanker earnings for crude oil tankers have climbed to new strong levels, with averages not seen since 2008, BIMCO said in the latest market overview. The demand for crude oil tankers remain high even after the winter months as the market appears to have kept the momentu
MSC Cruises cruise line has decided to suspended remaining 2015 calls in Ukraine and Egypt, replacing them with a number of Mediterranean alternatives. “These itinerary changes attest to MSC Cruises’ permanent focus on the safety of guests and crew – the number one priority at all times,” the compan
Emergence of major shipping alliances has not convinced major shippers of the benefits they promised to bring. While speaking at this week’s TOC Container Supply China event in Singapore David Panjwani, global logistics director for US machinery manufacturer John Deere said that the emergence of fou
German container line Hamburg Süd described its 2.3 increase in cargo volumes in 2014 as ”modest,” attributing the less-than-expected improvement to the market overcapacity and a weak economic development of the carrier’s key markets in South America. Hamburg Süd handled 3.375 million TEUs in 2014,
The European Shippers’ Council has revealed plans to start a global review of the container liner shipping market to address growing concerns among manufacturers, retailers and wholesalers about the long term threats of a concentrated container liner shipping industry through alliances, the ESC said
India’s government has approved the signing of a shipping agreement with Jordan to strengthen the cooperation between the two countries, and to provide sustained mutual assistance and advice on merchant shipping and other related maritime matters. India’s Union Cabinet chaired by the Prime Minister
The world’s first standardised contract terms and conditions for use in container shipping markets worldwide was launched at the 2015 Containerisation International Conference in Hamburg on 22 April. Global Shippers Forum (GSF) has joined forces with the Baltic International Maritime Council Organis
