News


Trade Tension Hurts Shipping, Maersk Warns

A.P. Moller-Maersk, the world's largest container shipping company, warned on Friday that trade tensions and an economic slowdown are slowing growth in global freight.Maersk, which is seen as an indicator of global trade patterns,

Cape Town to Employ Helo Pilotage Transfers

Transnet National Ports Authority (TNPA) has taken the decision to introduce a helicopter service at its Port of Cape Town to transfer marine pilots onto and off visiting vessels. This would make the

Ports Push for Smart Europe

European ports have prepared a memorandum emphasising the role port managing bodies can play as facilitators of the port ecosystem in view of the European elections, which will lead to a new Commission, a new European Parliament and a new vision for Europe.

Adani to Develop Container Port in Myanmar

India’s largest private multi-port operator Adani Ports and Special Economic Zone (APSEZ) will set up its first container terminal outside India in Myanmar at an estimated cost of US$ 290 million.Adani

GSL Acquires Three Boxships

Marshall Islands-incorporated Global Ship Lease (GSL) announced that it has agreed to acquire three 2004-built, 7,849 TEU containerships for an aggregate purchase price of $48.5 million.Upon delivery during the second quarter,

Marlink Extends Network

Marlink will introduce a new hybrid communication service at Nor-Shipping 2019. Dubbed Sealink Global 4G, as a turnkey solution it is designed to provide everything needed to leverage fast, low-latency

Canaveral, Disney Ink 20-Year Deal

The Canaveral Port Authority and Disney Cruise Line have reached a new 20-year agreement to expand operations and make Port Canaveral home for two of Disney Cruise Line’s three new ships.  The new operating agreement will begin June 1,

Sim Centers Prep Grads for High Paying Careers

Few places offer the opportunity to get seasick without ever leaving dry land.Surrounded by moving images on high-definition monitors, students at the prestigious Texas A&M Maritime Academy in Galveston train every day aboard ship simulators.

Jotun Creates New Antifouling

Jotun unveiled the next-generation of its SeaForce biocidal antifouling range, with three new products featuring Hydractive technology. Jotun originally launched its SeaForce range in 2004. Since then it has recorded more than 27,000 vessel applications worldwide.

PSA, PFR, IFM Jointly Acquire DCT GDAŃSK

PSA International Ptd Ltd (PSA), the Polish Development Fund (PFR) and the IFM Global Infrastructure Fund (GIF) managed by IFM Investors have completed the transaction to jointly acquire DCT Gdańsk, the largest container terminal in Poland.

Star Bulk Carriers Reports Q1 Loss

Greek shipping company Star Bulk Carriers Corp reported a net loss of $5.3 million, or $0.06 loss per share for the first quarter ended March 31, 2019.Net income for the first quarter of 2018 was $9.9 million,

Gazpromneft Marine Bunker in Pact with Cruise Lines

The Gazprom Neft bunkering business Gazpromneft Marine Bunker has concluded new agreements with cruise operators Royal Caribbean International and Saga Cruises.Gazpromneft Marine Bunker will be managing