2012/02/22
According to statistics revealed by the Nigerian Ports Authority, national ports saw a cargo throughput increase in 2011 of over 10% from the previous year. The nearly 83 million metric tonnes of cargo that passed through Nigerian ports in 2011 … Continue reading
2012/02/21
The Port Authority of New York and New Jersey announced last week that the Port of New York and New Jersey handled 5.5 million TEU’s (twenty foot equivalent units) last year, amounting to almost a 4% increase over 2010’s total. … Continue reading
2012/02/20
Chinese Vice President Xi Jinping, accompanied by a large delegation of Chinese governmental officials and business leaders, recently wrapped up a visit to the United States. During the trip, Xi, the presumed heir to the Chinese presidency who is expected … Continue reading
2012/02/17
The Port of Los Angeles maintained momentum from its strong 2011, by handling over 698,000 TEUs (twenty-foot equivalent units) in January. The nearly 700,000 shipping containers that came in or out of the port that month, amounts to a 5.8% … Continue reading
2012/02/16
Golar LNG Limited announced yesterday that it is investing $400 million into its fleet. The shipping company, which specializes in transporting liquefied natural gas, and is based out of London with Bermudan registry, has entered into a contract with Hyundai … Continue reading
2012/02/15
Global Industry Analysts, Inc., a leading market research firm, recently released a report on the merchant shipping industry that points to a positive future. Given the fact that nearly 9/10 of all goods traded internationally are transported via oceans and … Continue reading
2012/02/14
Aden Container Terminal (ACT), operated by Dubai-based global marine terminal operator DP World, recently handled its biggest ship ever. The MSC Tomoko, an 8441 TEU (twenty-foot equivalent unit) container vessel, was received and serviced at the Yemeni port last week. … Continue reading
2012/02/13
The Danish shipping conglomerate, A.P. Moller Maersk Group, released a 12-minute corporate movie titled We Are Maersk last week. Shooting took place in 40 cities, spread out over 20 countries, and showcases the company’s vast global reach through its container … Continue reading
2012/02/10
Florida Governor Rick Scott has allocated $22.5 million to the Port of Tampa as it embarks on a $45 million project to modernize and expand its primary petroleum terminal complex. The building of three new berth and manifolds, along with … Continue reading
2012/02/10
Paragon Shipping has entered into a fixed rate time charter agreement with Western Bulk Carriers AS for its vessel, the M/V Friendly Seas. The vessel is a 58,779 deadweight tonnage Supramax bulkcarrier, and will be used by the Australian Western … Continue reading
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