News


ZIM's Blockchain-based B/L Initiative

Over the last year, following ZIM’s November 2017 announcement regarding the first-ever pilot of paperless Bills-of-Lading based on blockchain technology, ZIM and selected leading customers have been testing the new Platform as a solution for trade activities on multiple shipping lanes.

HMAS Ballarat Seizes 3.1 tonnes of Hashish in the Middle East

Royal Australian Navy frigate HMAS Ballarat has seized more than 3.1 tonnes of hashish worth about $155 million* during a boarding operation that took place 8-9 January 2019 in international waters in the Arabian Sea.

Melkoeya LNG Plant Restarts Operations

Norwegian oil and gas firm Equinor has restarted operations at its Melkoeya LNG plant after an outage ten days ago, the company said on Monday.The plant, which liquefies natural gas from the Arctic Snoehvit gas field for transportation by tankers, has been shut since Jan.

UPDATE: Egypt Egypt Reopens Four of Six Ports Shut Due to Bad Weather

Egypt had previously closed four ports on the Red Sea and two on the Mediterranean due to bad weather, officials said on Sunday.Over the weekend, the ports of Suez and Zeitiyat were shut in Suez governorate, the Red Sea Ports Authority said.

Ahead of Brexit, ABP Increases Investment in Port of Hull

Port operator Associated British Ports (ABP) said on Monday it had boosted investments at its Port of Hull, bringing the total to 250 million pounds ($321.78 million) since the country's 2016 decision to leave the European Union.

Hans Jensen Lubricators Appoints Nielsen CCO

The board of directors at the Danish family-owned business Hans Jensen Lubricators appointed former Sales Manager Stefan Sletting Nielsen (34) as new Chief Commercial Officer.Stefan has been part of the company for more than five years.

Supply Chain Battle to Aide Container Supply-Demand Balance

“We believe that the industry’s supply-demand balance will benefit from a reduced appetite for Ultra Large Container Vessels (ULCVs) among the major carriers, some of which now have their eyes fixed on a bigger prize of becoming global logistics integrators.

BIMCO: US Box Imports Break Records Despite Uncertainty Ahead

Container imports on both the US East Coast (USEC) and West Coast (USWC) had a strong year in 2018, growing 3.7% and 8% respectively in the first 11 months of the year compared to the same period in 2017.

Bahri CEO Appointed to Board of ITOPF

Saudi Arabian shipping company Bahri said that its CEO Abdullah Aldubaikhi has been appointed to the board of directors of ITOPF, the world’s largest ship owner organization providing objective advice on effective response to spills of oil, chemicals and other substances in the marine environment.

DP World Acquires Chilean Ports

Dubai-based port operator DP World says it will buy a 71.3 percent stake in Chile's Puertos y Logistica SA, taking control of two key port terminals in the South American state.According to a filing on Nasdaq Dubai, where the state-owned port operator is listed, the group bought the 71.

Nigerian Government Repositions NIMASA

The Secretary to the Government of the Federation (SGF), Mr. Boss Mustapha has said that the Federal Government has successfully worked hard through the Nigerian Maritime Administration and Safety Agency (NIMASA) to reposition the Nigerian maritime industry for the nation’s economic growth.

Grieg Star, Maas Capital Form Dry Bulk JV

Norwegean shipping company Grieg Star and investment management firm Maas Capital have established a joint venture for ownership of Supramax and Ultramax vessels.The new company is named GriegMaas AS, said the ship owner, manager and operator for over 40 open hatch and conventional bulk vessels.