Evergreen Line's 1140-TEU Uni-Adroit set sail across the 100-mile-wide Taiwan Straits for China's northern Xingang port on December 15, 2009 opening a new era of direct ocean shipping following a ceremony at Kaohsiung harbor overseen by Taiwan's President Ma Yin-Jiu. The direct link ends a nearly 60-year suspension of such services between Taiwan and the China mainland. The new direct service was accelerated with the election and inauguration of President Ma earlier this year. The two nations signed an agreement in November to ensure the opening of trade as beneficial to both economies. President Ma noted that Kaohsiung, one of the world's ten largest container ports, will allow Taiwan's southernmost harbor to "take full advantage of its central geographical position in east Asia" and bolster the regional economy. It is expected that all of Taiwan's international harbors will eventually be involved in a trade that will include virtually all of China's ports. Direct waterborne shipping will eliminate the need for vessels to stop at a time-consuming third point — typically Hong Kong or a Japanese island. With annual trade between the two countries valued at some $100b, Taiwanese business groups have sought for a long time to end the ban on Taiwan Strait commerce. The Evergreen service, known as the Taiwan - North China or HBT route, will have the rotation of Kaohsiung－Xingang －Dalian－Qingdao－Kaohsiung.
CMA CGM Group has announced that it has signed with Adani Ports and Special Economic Zone (APSEZ), India’s largest port developer and part of Adani Group, an agreement for the development of a new common user Container Terminal at Mundra Port. This will be the 4th Container Terminal in Mundra and will be a 650 meters terminal along with 27 hectares of back area capable of handling 1.3 million TEUs annually.
ClassNK Releases New Guidelines and Software for Container Carrier Structures. ClassNK has released a new revised edition of its “Guidelines for Container Carrier Structures – Guidelines for Direct Strength Analysis”, as well as a new version of its PrimeShip-HULL(DSA) software for use in designing container carriers in line with the new guidelines. ClassNK released the first edition of its “Guidelines for Container Carrier Structures” in 2003
The CMA CGM Group announced that it has signed with Adani Ports and Special Economic Zone (APSEZ), India’s largest port developer and part of Adani Group, an agreement for the development of a new common user Container Terminal at Mundra Port. This will be the fourth Container Terminal in Mundra and will be a 650 meters terminal along with 27 hectares of back area capable of handling 1.3 million TEUs annually.
The Port of San Diego plays a critical role in San Diego County's economic rebound by pumping more than $7.6 billion a year into the region from employment, sales and purchases of goods and services, according to a recent report. "The data confirms the Port of San Diego is a powerful regional economic engine with substantial benefits reaching far and wide," said Board of Port Commissioners Chairman Dan Malcolm
The first cargo ship delivering Iranian goods docked at the Omani port of Sohar, a few weeks after Tehran and Muscat opened a new shipping route. The vessel, titled Genaveh 12, container with a capacity of 96 TEUs, is the first ship put into operation in the new Iran-Oman shipping line, which was opened some two weeks ago. Iran and Oman have recently established a direct shipping line between the two countries to enhance maritime trade
Orient Overseas Container Line (OOCL) and Wan Hai Lines Ltd. will reportedly operate a joint direct container shipping service directly between North China and the Middle East.
New Organisational Structure for Inmarsat Brings Renewed Focus on Core Markets; Stratos, Segovia and Ship Equip Now Align Under the Inmarsat Brand. Inmarsat, a provider of global mobile satellite communications services, has begun the process of including its subsidiary companies within a new organisational structure that will align the Inmarsat business more closely to core vertical market segments and continue to support both direct and indirect distribution of its services
A new economic impact study released by the North West & Canada Cruise Association (NWCCA) shows $2.38-billion generated. “We are very pleased to see growth in both overall economic impact and per passenger spending,” says Greg Wirtz, President of the NWCCA. “And we are happy to see cruise ship visits expanding into new ports in Quebec and Atlantic Canada.” In the report prepared by Business Research and Economic Advisors (BREA), 2
A new direct passenger car ferry service linking Dublin with the French port of Cherbourg is being introduced by Irish Ferries with the first sailing departing from Dublin on January 18. The once-weekly, year-round service – which the company’s head of passenger sales Dermot Merrigan said “will bring the European motorways directly into the heart of our capital city” – will depart from Dublin every Saturday (15.30) arriving into Cherbourg next morning (11.30)
Low material costs and stable demand has driven the price of new container equipment down to record lows where it is forecast to stay, according to the latest edition of the Container Census report published by global shipping consultancy Drewry.
Maryland Lt. Governor Boyd Rutherford, along with congressional, state and local officials, officially welcomed Denmark-based Maersk Line, part of the Maersk Group and the world’s largest container shipping company, to the Helen Delich Bentley Port of Baltimore.
According to a new report from Navigant Research, the global submarine electricity transmission market is expected to grow from $16.8 billion in 2015 to $24.8 billion in 2024. “Over the past several years, two market drivers have emerged as dominant forces shaping this market:
The Port of Antwerp and duisport are intensifying their cooperation as the Port of Antwerp will participate in the existing rail shuttle service connecting the two ports. The direct rail connection from Duisburg to Antwerp was set up by the duisport Group in 2006 under difficult
In response to market demand, members of the G6 Alliance today announced Asia–Europe service enhancements to improve product transit times and coverage. Service Enhancements Loop 7 - Additional call to Gdansk
The United States marine casualty reporting and investigation processes as administered by the U.S. Coast Guard are seriously flawed and in need of major overhaul. These processes have been broken for years, yet minimal efforts have been made to address the root causes
The Port of Bellingham is poised to change the layout of 7.66 acres of industrial property in Fairhaven and build new infrastructure to support the expansion of two major waterfront employers, All American Marine and Fairhaven Shipyard. “All American Marine and Fairhaven Shipyard provide
Inchcape Shipping Services (ISS), is advising on current Suez convoy information ahead of the new Suez Canal’s inauguration on 6 August 2015. While the construction of the new Suez Canal approaching its final phase, the Suez Canal Authority (SCA)
The Honourable Diane Finley, Minister of Public Works and Government Services Canada, joined by Andrew Saxton, Member of Parliament for North Vancouver and John Weston, Member of Parliament for West Vancouver-Sunshine Coast-Sea to Sky Country
In a letter sent Wednesday, the Retail Industry Leaders Association (RILA) applauded Senate Commerce, Science, and Transportation Committee Chairman John Thune (R-SD) for introducing legislation that would institute universal port performance standards and a formalized reporting structure for
China Shipping Group has launched container shipping services in Moldova, becoming thus the second foreign companies to have the operation in the country's only port of Giurgiulesti. The hub is vital for Moldova as its economy suffers as a result of the Russian embargo on Moldovan
Cheniere concluded its maiden LNG spot trade earlier this week at for late-July delivery to an Asian buyer, reports Platts quoting a source with direct knowledge of the deal. Sources told Platts that the maiden trade was completed at $7
Offshore oil and gas drilling firm Northern Offshore Ltd. has reached agreement on the terms of a recommended $165m cash acquisition by Shandong Offshore International Company Limited. The NOK7.59 per share offer by Shandong has been unanimously recommended by the board of
Most the major Greek-controlled and listed carriers are registered in Greece, and they all have their liquidity placed in banks abroad. Morgan Stanley analyst Fotis Giannakoulis noted that "nearly 20 percent of the global fleet is controlled by Greek owners and is managed out
Clean Air Engineering-Maritime (CAEM)'s emissions treatment system for ocean-going vessels has been approved by the California Air Resources Board, giving operators of container vessels a second option for complying with the state’s strict emissions requirements for vessels at berth.