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Evergreen Opens Four New Offices in Latin America

Chennai: Port Wings News Network: In view of the growth potential in Latin American trade, Evergreen Line is continuing to establish its own offices at main service locations in the region. The move will strengthen the effectiveness of the line’s operations, improve its capability to react to market opportunities, optimize …

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Ocean Alliance: CMA CGM Unveils New Unmatched Service Offer

Chennai: Port Wings News Network: The CMA CGM Group, a worldwide leading shipping group, on 16 January announced the launch of Ocean Alliance Day 3 Product, which will further strengthen the CMA CGM Group’s service offer. The new offer will start in April 2019. Rodolphe Saadé, Chairman and Chief Executive …

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IMB Piracy Report 2018 Says Attacks Multiply in Gulf of Guinea

New Delhi: Port Wings News Network: Piracy increased on the world’s seas in 2018, with a marked rise in attacks against ships and crews around West Africa, the International Chamber of Commerce’s International Maritime Bureau’s (IMB) latest annual piracy report reveals. Worldwide, the IMB Piracy Reporting Centre (PRC) recorded 201 …

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ICTSI Flagship Manila International Container Terminal Gets Eco-Friendly RTGs

Chennai: Port Wings News Network: International Container Terminal Services, Inc.’s (ICTSI) flagship Manila International Container Terminal (MICT) recently received four of 16 new hybrid rubber-tired gantries (RTG) as part of the Company’s long-term investment in capacity enhancement and environmental efficiency. A first in the country and Manufactured by Mitsui Engineering …

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ITF and WMU Launch of Report on Automation and Technology

New Delhi: Port Wings News Network: On Tuesday, 15 January, the International Transport Workers’ Federation (ITF) and the World Maritime University (WMU) will launch a flagship report produced by WMU entitled: “Transport 2040: Automation Technology Employment – the Future of Work”. The forward-looking assessment investigates how the global transport industry …

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IRClass Review of 2018 and Projections for 2019

New Delhi: Port Wings News Network: The Indian Register of Shipping (IRClass) continues to record steady growth in its classed fleet, flag recognition and geographical presence, mirroring the shipping industry’s ongoing recovery. Fleet Growth With tankers and bulk carriers continuing to dominate IRClass’ tonnage, the classed fleet has grown more …

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Korean Register Launches New IHM service & Secures NSC Contract

New Delhi: Port Wings News Network: NSC Group has signed an agreement with Korean Register (KR) for the IACS (International Association of Classification Societies) classification society to provide IHM (Inventory of Hazardous Materials) services across the NSC Group’s fleet of container vessels, bulk carriers, conbulkers, car carriers and tankers. From …

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Freight Derivative Trade Volumes Up In 2018

New Delhi: Port Wings News Network: Figures compiled by the Baltic Exchange reveal that the overall volume of Forward Freight Agreement (FFA) trades increased in 2018. Freight derivative volumes in the tanker market rose by 20% in 2018 hitting 321,962 lots, volumes in the dry market rose 1.4% to 1,196,929 …

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Container Fire on “Yantian Express” Now Under Control

Chennai: Port Wings News Network: On 3 January, a fire broke out in one container on the deck of the “Yantian Express” and spread to additional containers. In the meantime, efforts to extinguish the fire have made continuous progress under the direction of the salvage company Smit and in cooperation …

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