A.P. Moller – Maersk (Maersk) announced it has reached an agreement to acquire Martin Bencher Group, a Denmark-based project logistics company with premium capabilities within non-containerised project logistics. The transaction is valued at $61 million. Martin Bencher was founded in 1997 and is an asset-light logistics provider that specialises in project logistics. Martin Bencher’s core […]
Maersk acquires project logistics company Read More »
According to Xenata, the Oslo-based market intelligence platform, under one in five containerships are currently arriving on time at U.S. East Coast ports, with the West to East coast cargo shift hitting schedule reliability. The shift in shipping capacity has caused congestion for the East Coast ports as West Coast ports improve cargo flow relative
Congestion growing at U.S. East Coast ports Read More »
Baffinland Iron Mines has sent termination notices to more than 1,100 workers at its Mary River mining operation in response to delayed regulatory approvals for the company’s request to continue annual production at 6 million tonnes and map future expansion. Large bulk carriers ship the iron ore mainly to markets in Asia and Europe. In
Baffinland Iron Mines provisionally terminates 1,100 jobs Read More »
Hudong Zhonghua shipyard, owned by China State Shipbuilding Company (CSSC) has announced the launch of what is claimed to be the world’s largest containership based on capacity. The MSC Tessa, has a capacity of 24,116 TEUs. The mega-containership was floated out of its building dock at the Hudong Zhonghua Shipbuilding’s Changxing Shipbuilding Base, located
World’s “largest” containership launched in China Read More »
Our summer edition highlights two major features of topical interest. One is devoted to the opportunities and challenges in Canada-Asia trade amidst a rapidly-changing global economy ushered in by Russia’s barbaric invasion of Ukraine. The second feature offers an in-depth perspective on how terminal operators in ports across Canada are expanding to improve supply chain
Enjoy! The Summer Edition (# 105) of Maritime Magazine is online Read More »
According to the latest report from the Seafarers Happiness Index, the second quarter of 2022 has revealed a welcome rise in optimism with a significant increase in the overall rating of 7.21/10, up from 5.85 in the previous quarter.” “It is great to see seafarer happiness increase after such low satisfaction in the last Seafarers
Rise in global Seafarer optimism Read More »
The Maritime and Port Authority of Singapore (MPA) and the Port of Rotterdam Authority today signed a memorandum of understanding (MoU) to establish the world’s longest Green and Digital Corridor to enable low and zero carbon shipping, with a target date of 2027. Signed in Singapore by Ms. Quah Ley Hoon, Chief Executive of MPA, and
Rotterdam and Singapore establishing world’s longest green and digital corridor Read More »
By Michael Grey* As England battled Saharan temperatures, the depredations of climate activists and queues of multitudes trying to escape by air and sea, I returned for a week to my Northumbrian roots. The train ran on time, and while it may not have offered the silver service of yore, its extraordinary speed and friendly
On our Forum: Measuring the local impact of giant cruise ships disgorging many people Read More »
The U.S. National Oceanic & Atmospheric Administration Fisheries has announced proposed changes to vessel speed regulations to further protect North Atlantic right whales from death and serious injuries resulting from collisions — part of a multifaceted approach to stabilize and recover this endangered population. The changes would expand the current mandatory seasonal speed restrictions of 10 knots or
U.S. NOAA proposes new vessel speed regulation to protect North Atlantic right whales Read More »
Felixstowe, the UK’s largest container port, could soon be brought to a standstill after dock workers voted overwhelmingly to strike in August. No actual strike date has been set, and both sides will be resuming negotiations next week. Main outstanding issue: below-inflation wage increases offered by management. Felixstowe handled 4 million TEUs annually, nearly half
Dockers vote to strike in August at Port of Felixstowe Read More »