JAPAN BUYS CONTROLLING STAKE IN YOKOHAMA, KAWASAKI PORTS (30 Mar, 2016)

The government of Japan has bought a 50 percent share in the company which operates the ports of Yokohama and Kawasaki for a price of JPY 500 million (USD 4.4...

COSCO PACIFIC, PSA TO INVEST IN MEGA BERTHS IN SINGAPORE (29 Mar, 2016)

Hong Kong-based COSCO Pacific and PSA Singapore have signed a new investment agreement in Shanghai, China today to co-invest in three new mega berths at the Phases 3 and 4 expansion of...

WORKERS END LIMASSOL STRIKE (28 Mar, 2016)

The indefinite strike in the Port of Limassol has been terminated as port unions have called their members to return to work after the government passed a new legislation on...

HMM TOILS TO CUT CHARTER RATES TO AVOID GOING BUST (25 Mar, 2016)

Struggling South Korean shipping company Hyundai Merchant Marine (HMM) will have to ensure lower charter rates with ship owners so as to avoid bankruptcy.   The company has been in talks with...

PORT OF NEW ORLEANS SETS SIGHTS ON HII’S AVONDALE YARD (24 Mar, 2016)

The US Port of New Orleans is considering the purchase of an abandoned shipbuilding yard Avondale, the port confirmed, which might result in converting the yard into a terminal.  ...

ACTIVITIES AT BELGIAN SEAPORTS UNAFFECTED BY BRUSSELS BLASTS (23 Mar, 2016)

Activities at Belgian seaports are continuing as usual, according to the latest update from GAC Belgium, following the explosions that rocked the country’s capital earlier this morning.   Brussels Airport...

EXPANDED PANAMA CANAL GEARED TO OPEN BY JULY (22 Mar, 2016)

The expanded Panama Canal is set to open by the end of June, Bloomberg reports citing Jose Ramon Arango, senior international trade specialist at the Panama Canal Authority (ACP). “We have had...