According to a Loadstar article, the number of containerships transiting the Panama Canal during its fiscal year ending 30 September declined slightly, by 1.1% to 2,575.
What's in Store for Panama Transit?
But there could be further reductions after ocean...
Maersk, the global shipping company, laid the foundation stone of ‘A.P. Moller – Maersk Centre of Excellence’ facility at Thenpattinam in Tamil Nadu, reports The Time Of India.
Maersk training and development MoU
The centre will support skill development and training...
Piraeus container terminal emerged as the star performer for leading ports operators, Cosco.
It is because the Chinese group’s global operation lifted revenue but saw profit slide in the first six months of 2019.
For the first half...
IBM has joined an international effort to build an unmanned, fully autonomous transatlantic research vessel.
MAS will use IBM’s AI, servers, cloud, and edge computing technologies to navigate autonomously and avoid ocean hazards.
Plymouth University will analyze water...
According to a market analysis by Nikos Roussanoglou, normal service has been resumed, as ship owners have returned to the S&P market, lowering their “appetite” for newbuildings. In its latest weekly report, shipbroker Banchero Costa said that “two modern...
According to a Splash 247 report, France’s CMA CGM is now offering trade finance to customers following Maersk's lead.
What is it?
The Marseille-headquartered line recently debuted Shipfin Trade Finance, its new range of financing services dedicated to importing and exporting,...
According to an article published in the LoadStar, MSC is on course to overtake alliance partner Maersk as the biggest ocean carrier by capacity within the next two years.
How is it going to happen?
A new order for five...
Inmarsat's Fleet Data has received decisive approval from Bureau Veritas.
It allows the Fleet Data to be installed safely onboard, without its operation affecting existing navigation, safety and radio communication systems.
Fleet Data will be available via Fleet...
Sea Commerce is hosting commercial and technical seminars on methanol as a marine fuel in Brazil.
The seminars will be held on the 13th of September, 2019 at the JW Marriott.
The targeted audiences are shipowners, operators, ship...
Based on the financials for the third quarter and the updated outlook for freight rates, volumes and bunker fuel prices for the rest of the year, A.P. Møller - Mærsk A/S (APMM) upgraded its expectation for the 2019 result,...
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