Shipping News
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Winners of the Young Logistics Professional Award announced at the FIATA World Congress, Busan
FIATA, the International Federation of Freight Forwarders Associations and TT Club, international freight transport insurer, are very pleased to reveal this year’s global winner of the Young Logistics Professionals Award (YLP) at the 59th, and 2022 FIATA World Congress in Busan, Republic of Korea. FIATA and TT Club are delighted…
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Fugro expands its presence in the Middle East with new facility in JAFZA
The leading global Geo-data solutions provider, Fugro has inaugurated a new facility in the Jebel Ali Free Zone (JAFZA) expanding its footprint in the Middle East and India region. With this new facility, Fugro reaffirms its commitment to offering expertise and advanced Geo-data solutions to the rapidly growing energy, infrastructure,…
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A.P. Moller – Maersk completes divestment of shares in Global Ports
A.P. Moller – Maersk announced that its terminals business APM Terminals had entered into an agreement to divest its 30.75% shareholding in Global Ports Investments PLC (GPI) to Delo Group. As all necessary conditions have been fulfilled the transaction has now been completed. With this transfer of share ownership in…
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Maersk Drilling secures additional five-well drilling work scope with Petrogas
Maersk Drilling and Petrogas E&P Netherlands B.V. have agreed to an amendment of the previously entered contract for the provisioning of the harsh-environment jack-up rig Maersk Resolute, under which an option included in that contract will be replaced by a newly entered five-well drilling contract which will employ Maersk Resolute…
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Hapag-Lloyd acquires minority share in Italy-based Spinelli Group
Hapag-Lloyd and Spinelli Group have entered into an agreement to join forces. The German container liner-shipping company will acquire a 49% in Spinelli Group, a leading Italian logistics group, from existing shareholders, while Spinelli family will continue to hold the majority stake of 51%. The parties have agreed to not…
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Port of Hamburg Europe’s Best Seaport for Third Time Running
For the third time in succession, it has received the Asian Freight, Logistics and Supply Chain Award – AFLAS – in the ‘Best Seaport – Europe’ category. After four awards as ‘Best Seaport – Europe’ in 2015, 2016, 2020 and 2021, plus the award as ‘Best Global Seaport’ in 2018…
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Maersk signs an agreement with Dubai South to more than double its warehousing & distribution footprint in UAE
With its second warehousing & distribution (W&D) facility spread over 15,000 sq. m. at Dubai South, Maersk is strengthening its W&D offerings, for retail & lifestyle, food & beauty, and eCommerce segments in UAE. Dubai: Maersk Kanoo UAE, the global integrated logistics company, today signed an agreement with Dubai South,…
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IMO : Safety, legal and facilitation aspects of autonomous shipping discussed
Regulating Maritime Autonomous Surface Ships (MASS) has implications for safety, legal and facilitation instruments under the purview of the international Maritime Organization (IMO). The first session of a joint IMO working group to address common high-priority issues across various instruments was held in September (7-9), in remote session. The session…
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Sea-Intelligence : Empty container problem intensifies in US ports and in Europe
According to Sea-Intelligence in the transpacific routes there could be an excess of 4.3 million TEUs Analyst John Fosse : Increase by 3.6 million Teu in 2023 and by over 3.9 million Teu in 2024″ For sea freight, empty container shipping continues to be a problem. Now, however, the crisis…
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