Category Archives: News

Shipping Jargon

We deal with a lot of shipping jargon and abbreviations on a daily basis, but not all of us know what it means and implications of incorrect usage of the jargon.. Here are several of the jargon we use in day to day shipping work.. This list will be a dynamic list, so please feel free […]

The World’s Largest Container Ship, The 21,413 Teu Oocl Hong Kong, Has Made Its Maiden Call At Hutchison Ports Port Of Felixstowe

The world’s largest container ship, the 21,413 TEU OOCL Hong Kong, has made its maiden call at Hutchison Ports Port of Felixstowe. The call represented a double celebration it also marked the return of OOCL to the UK’s largest container port after a 17 year absence. Commenting on the two events, Clemence Cheng, Chief Executive […]

329 SharesLinkedIn324FacebookTwitterEmailSumoMe CMA CGM to Acquire Brazilian Shipping Line Mercosul from Maersk

French shipping company CMA CGM says it has reached a binding agreement with Danish rival Maersk to acquire Mercosul Line, one of the leading carriers in Brazil’s domestic container shipping market. Launched in 1996 and acquired by Maersk in 2006, Mercosul Line specializes in the Brazilian domestic transport market with a fleet of four ships […]

TRANSPORT HARDWARE LONG TERM GROWTH HARDWARE MAERSK LINE ShareLinkedIn Twitter Facebook Weibo Print Email Ships for the long (and short) haul

A range of container vessels, most of them on the large end of the scale, will begin arriving this year to replace older, less efficient ones and help Maersk Line grow in line with its largest competitors. Four years after the arrival of the first Triple-E vessel, Mærsk Mc-Kinney Møller, a 2nd Generation Triple E […]

Tanzania signs $154 million contract with Chinese firm to expand main port

Tanzania’s government signed a $154 million contract on Saturday with the state-run China Harbour Engineering Company (CHEC) to expand the main port in the commercial capital, Dar es Salaam. Tanzania is seeking financing for infrastructure projects as part of its plans to transform the country into a regional transport and trade hub. Under the contract […]

Panama Canal Publishes Proposal for Modifications to Tolls Structure

Panama Canal Authority (ACP) published a proposal for modifications to its current tolls structure, signaling the beginning of a 30-day formal consultation period for industry feedback, allowing the waterway to continue providing a competitive service to its customers. During the past few months, Panama Canal Administrator Jorge L. Quijano and executives met with Canal customers […]

Fiscal year 2017/18 $1.17 billion budget adopted by Port of Los Angeles

The Los Angeles Board of Harbor Commissioners has approved a $1.17 billion fiscal year (FY) 2017/18 annual budget for the Port of Los Angeles. The new budget closely links to the objectives set out in the Port’s Strategic Plan, which was created in 2012 and updated in 2014.  These objectives focus on infrastructure improvements, supply […]