Carrier alliances and larger container ships have been bad news for both shippers and terminal operators, according to the secretary-general of the European Shippers Council (ESC).
Egypt set a date for completion of a side channel at East Port Said near the entrance to the Suez Canal that will allow better access to the port from the Mediterranean Sea.
Construction on the USD50 billion Nicaragua canal has been delayed again and work will not begin until late 2016, according to HKND Group, the Chinese company with exclusive rights to build and operate the waterway.
India and Bangladesh are moving closer to allowing introduction of coastal shipping services between the two countries with the goal of boosting bilateral trade. The two governments last week signed a standard operating procedure to “operationalise” a coastal shipping deal reached in June, according to a press statement issued by India’s Ministry of Shipping.
Russian regulators have initiated administrative proceedings against CMA CGM and Maersk Line after accusing the two container lines of failing to provide documents requested as part of an investigation into alleged collusion.
China’s Avic Dingheng has won orders to build four 16,300 dwt chemical/product tankers with LNG propulsion. Gothia Tanker
China’s Taizhou Kouan has secured a newbuilding contact from a Norwegian owner for four 17,500 dwt IMO class II tankers.
As interest in Arctic shipping grows in South Korea, the country is doing everything possible to enlighten local enterprises on the investment opportunities in ports in the Russian Far East. The government will be holding seminars to advise local businessmen on the regulations and opportunities.
Indian iron ore mining group Fomento Resources has exported its first iron ore cargo since 2012, company representatives told IHS Fairplay. A Supramax bulker time-chartered to Jaldhi Overseas Pte Ltd, the charter operating arm of India's Bothra Group, was fixed to load the cargo, IHS Fairplay was told.
The Korea P&I Club, which has a low market share among its own country's ship owners, is changing its strategy to seek growth. From next year, the club, whose conservative underwriting policy prevented it from insuring big ships, will take Capesizes into its books.
For the second time in less than a week, record heat waves have disrupted wharf and shipping operations at Australia’s Port Botany. At 1310 h local on 26 November, it hit 38.2°C. Cranes stopped as deck foreman could not stay outdoors, according to IHS Fairplay contacts on the ground. Road and rail continued, as vehicles are air-conditioned.
Malaysia-listed shipowner EA Technique has secured two tug contracts worth MYR20.45 million (USD4.8 million) amid challenging oil and gas market environment.
The Shipbuilding Association of Canada has called on the new Liberal government to accept a contract for a ship conversion contract to provide the Royal Canadian Navy with an at-sea replenishment ship.