»Securing South Africa's ports is a matter of priority2014-05-19

Phumuzi Ernest Sigasa has taken up the reigns as the Executive Manager of the newly created Port Security Portfolio at Transnet National Port Authority (TNPA).

»MSC starts India-US east coast service in June2014-05-19

Mediterranean Shipping Company (MSC), one of the P3 Alliance members, is commencing a direct weekly service between India and the US east coast in June operated by a fleet of nine 2,500-TEU vessels, branded Indus Express, according to Shipping Gazette.

»Hanjin Shipping reports 2014 1st quarter sales of KRW 2.15 Trillion2014-05-19

Hanjin Shipping reported its 2014 1st quarter business results with total sales of KRW 2.15 trillion (USD 2.01 billion) and operating loss of KRW 62.2 billion (USD 58.1 million).

»Cosco takes delivery of 13,386-TEUer2014-05-19

Cosco has taken delivery of its sixth of a series of eight 13,386-TEU ships, the Cosco Italy, ordered in May 2008 at the Nantong Cosco KHI Ship Engineering Co (NACKS) for US$166.8 million each, according to Shipping Gazette.

»NOL posts US$98 million Q1 loss2014-05-19

Singapore's Neptune Orient Lines (NOL), which owns APL container shipping line, posted a first quarter net loss of US$98 million compared to a $76 million year-on-year profit, which included a $200 million gain from the sale of NOL head office building, according to Shipping Gazette.

»OOCL to be tried in French court in wrongful death of Courtenay Allan2014-05-19

Hong Kong's Orient Overseas Container Line (OOCL) faces negligence charges in a wrongful death case before a Le Havre court after a 10-year campaign by Courtenay Allan's sons resulted in a prosecution, according to Shipping Gazette.

»Odfjell enters into LPG / ethylene joint venture2014-05-19

Odfjell SE has entered into an agreement with affiliates of Breakwater Capital and Oak Hill Advisors to form a liquefied petroleum gas and ethylene ("LPG/E") shipping joint venture.

»IMO legal panel okays application of fair seafarer treatment rules2014-05-16

The UN's International Maritime Organisation (IMO) legal committee has endorsed the application of the 2006 guidelines on the fair treatment of seafarers involved in maritime accidents, reports London's Tanker Operator.

»Finnlines selects Wartsila systems to reduce Baltic Sea environmental impact2014-05-16

With new stringent sulphur oxide (SOx) emission regulations due to be enforced from January 2015, Finnlines has ordered Wartsila Exhaust Gas Cleaning Systems for six of its Baltic and North Sea fleet of vessels.

»Vessel operators honored for environmental achievement2014-05-16

Twenty-two shipping lines were honored on May 14, 2014 by the Port of Long Beach for their efforts to improve air quality by slowing down or deploying cleaner vessels-or both-at the Port's first Environmental Achievement Awards.

»Taiwan's Evergreen sets its own course to growth2014-05-16

Taiwan's ocean carrier Evergreen has defended its strategies despite industry criticism it had hurt profit in reckless capacity increases, reports Lloyd's List.

»PIL to buy slots on US Pacific SW-Australia-NZ Oceania service2014-05-16

By taking slots PIL is to offer a southbound weekly service between the US Pacific south west, Australia and New Zealand on the PSW-ANZ Oceania joint service operated by Hapag-Lloyd, Hamburg Sud and ANL, according to Shipping Gazette.

»Matson profit plunges 167pc2014-05-16

Matson's first quarter profit fell 167 per cent year on year to US$3.4 million, drawn on revenues of $392.5 million, down 0.56 per cent.

»Horizon widens quarterly loss 30pc2014-05-16

US Jones Act carrier Horizon Lines widened its net loss 30 per cent in the first quarter to US$26.3 million, drawn on revenues of US$251.9 million, down three per cent, according to Shipping Gazette.

»Hapag-Lloyd, having swallowed CSAV, widens net loss to US$163 million2014-05-16

Germany's Hapag-Lloyd posted a year-on-year first quarter net loss of EUR119.1 million (US$163.2 million), drawn revenues of EUR1.55 billion, down 6.5 per cent, which also took into account one-off costs of the CSAV takeover.

»Maritime executives back PM's plans for Europe2014-05-15

The European Commission has become too powerful, and the principle of ever closer union should be scrapped, according to a survey of industry leaders released yesterday.

»Maersk to raise Asia-Europe freight rates2014-05-15

Container shipping company Maersk Line, a unit of A P Moller-Maersk, plans to increase freight rates on main routes from ports in Asia to ports in northern Europe with effect from June 1.

»KOTUG International B.V. winner King Willem I Award 20142014-05-15

KOTUG International B.V. was proclaimed the winner of the prestigious King Willem I Award 2014 in the category 'medium and small sized enterprise'.

»NOL reports year-on-year improvement in 1Q 2014 Core EBIT2014-05-15

NOL Group reported a 14% improvement in its first quarter 2014 Core EBIT (Earnings Before Interest, Taxes and Non-Recurring Items), narrowing its loss to US$65 million from a year ago.

»Shortsea Containerships to use LNG-fuelled reefer ships in Europe2014-05-15

Containerships is to use liquefied natural gas to fuel its 1,400-TEU reefer ships on shortsea European routes ahead of next year's regulation to limit sulphur content to 0.1 per cent in emission control areas (ECAs) in the North Sea and Baltic Sea regions.