Intermodal

Snarled in Traffic, Intermodal Answers Include the Water

It was just last month that the (challenged) Keefe family packed up the SUV and set out for a little bit of spring break fun, mixed in with a college visit for my son,

Dubai Establishes Maritime Arbitration Centre

 The Dubai Maritime City Authority (DMCA) is in the final stages of completing the rules for the first maritime arbitration centre in the Middles East: the Emirates

Red Tape, Industrial Relations Could Stifle LNG Potential

  Australia could develop the world’s most technologically advanced LNG industry, according to a report by Accenture. But if industry is to reach its potential

Indonesia Rolls Out First Green Container Terminal

 It was an historic moment for Indonesia when President of Indonesia inaugurated the Lamong Bay Terminal in Surabaya, East Java, operated by state-owned PT Pelabuhan Indonesia III (Pelindo III).

Tsakos Energy Navigation Reports 156% Increase in Q1 Profits

 Greece-based Tsakos Energy Navigation Ltd (TEN) has reported first-quarter profit of $37.3 million from $14.6 million in Q1 2014 - a 156% Increase. On a per-share basis it has profit of 42 cents.

Shipping Freight Rates Drop Amidst Overcapacity

Shipping freight rates on the world's busiest route, from Asia to Northern Europe, fell by the largest percentage amount since 2008, reflecting wild volatility

HSH Nordbank Looking to Split Off Bad Shipping Loans

 HSH Nordbank AG, the world’s second-largest financier of ships, plans to split off a "bad bank" for non-performing shipping loans as part of a plan to create a sustainable business model,

US DON Launches the "Hatch"

  The Department of the Navy (DON) launched its crowdsourced ideation platform, the "Hatch," May 20. The launch of the Hatch is part of the initiative to build a DON Naval Innovation Network (NIN).

ABB to Make Robots in the US

  ABB announced today it will start production of robots in the United States, making it the first global industrial robotics company to fully commit to and invest

New Ferry Service to Long Island

A new intermodal service for the Tri-State area offers a transportation alternative linking New York City, New Jersey and Connecticut with Long Island.   The new service,

World’s Greenest Containership Comes under Malta Flag

 MV Barzan, a vessel recognized as the world's most environmentally friendly ultra-large container vessel, has been registered on the Malta flag.   MV Barzan is one of 17 (11 x 15,

CMA CGM Implements War Risk Surcharge in Yemen

French container shipping company CMA CGM said it has implemented a War Risk Surcharge on all shipments to Hodeidah, Yemen.   Applicable with immediate effect,

ICTSI Shows Interest in Greece's Port

 Philippines head quartered International Container Terminal Services Inc. has expressed interest in a majority stake in Piraeus port in Greece, says a report in AFP.

Hamburg’s Seaborne Cargo Throughput Up in Q1

The Port of Hamburg handled total throughput of 35.6 million tons (up by 0.1 percent) in the first quarter of 2015. Bulk cargoes at 11.7 million tons (up by 12.

Asia-N.Europe Box Rates Plunge 23.6 pct Last Week

Shipping freight rates for transporting containers from ports in Asia to Northern Europe dropped 23.6 percent to $658 per 20-foot container (TEU) in the week ended on Friday,

Maersk in Vessel Share Deal with MSC, MOL

Maersk Line has entered into a vessel sharing agreement with Switzerland-based Mediterranean Shipping Company (MSC) and Japan's Mitsui O.S.K Lines (MOL) on routes

Evergreen Marine Plans China-Indonesia services

 The largest container shipper in Taiwan Evergreen Marine Corp will work with China's COSCO Group and China Shipping Container Lines Co to launch shipping services

Dynagas LNG Beats Profit Forecasts, May Add Five More LNG Tankers

 With earnings, adjusted for amortization costs, profits came to 43 cents per share, Greece-based Dynagas LNG Partners LP (DLNG) exceeded Wall Street expectations.

Drewry Expects Dry Bulk Shipping Recovery in 2017

 Despite a modest recovery in earnings anticipated over the next two years, the dry bulk shipping market is not expected to return to profitability until 2017,

Cosco in Talks with Greece on Piraeus Port Deal

Greece is in advanced discussions with China's Cosco to boost their cooperation in the country's biggest port Piraeus, the Greek defence minister said on Friday.

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