Monthly Archives: August 2017

A group of 14 South Korean shippers are joining forces to form the first domestic alliance, aiming to restore the country’s shipping sector, reported Yonhap. Under the name “Korea Shipping Partnership (KSP)”, the new shipping consortium will…

Hanjin Shipping Co., the South Korean shipping company that caused havoc when it filed for bankruptcy, is struggling to raise enough money to repay $10.5 billion in creditor claims, WSJ reported. Hanjin has raised only $220 million by selling ships…

Manila-based global container terminal operator International Container Terminal Services, Inc. (ICTSI) reported unaudited consolidated financial results for the first half of 2017 posting revenue from port operations of US$603.7 million, an…

The Shipping and Road Transport and Highways Minister Nitin Gadkari has said that the Indian government is committed to creating the right environment for promoting cruise tourism in the country. Speaking at Dawn of Cruise Tourism in India…

Cummins Connected Diagnostics is now available to customers using Zonar's smart fleet management solution, delivering information to operations managers that can help optimize the performance of their fleets. By obtaining data through Zonar's V3TM telematics control unit…

In February 2017, DSC Dredge, based in Reserve, La., delivered its first-ever dredge equipped with a Tier 4 Final C32 ACERT Caterpillar engine to a minerals company located in the U.S. The Shark Class Dredge features an 18-inch hull-mounted dredge pump and 300 hp cutter drive assembly…

Modifications to the Panama Canal tolls structure have been approved by the Cabinet Council of the Republic of Panama. After a thorough analysis of the current utilization and productivity of the Neopanamax Locks, and after meetings with Panama Canal executives…

Crowley Liner Services  will begin fixed-day, weekly sailings on Wednesday, Aug. 9, directly between Florida and Costa Rica and Panama. The new service offers fast transits to speed cargo to market at peak times, to better connect customers' U.S. and Central American supply chains.

Nordic American Tankers Limited (NAT) claims to enjoy the advantages of a homogeneous Suezmax fleet. Operationally, strategically and financially, NAT and its worldwide customers and shareholders benefit from having 30 identical vessels on the water wi...