Advanced emissions monitoring of large ships calling at EU ports could help save owners and operators of large ships up to 9m Euro ($12.2m) a year, according to a new study published by sustainable transport group T&E.
The Abu Dhabi Ports Company says it will refuse entry to older oil tankers as it continues its endeavor to protect the environment and guarantee safety in all of its ports.
Egypt has invited 14 consortia to bid for a chance to say how they would develop the Suez Canal area, aiming to attract more ships and revenue to shore up the country's finances.
Drewry Shipping Consultants Ltd. and the World Container Index have launched a series of demonstrations to educate the ocean-shipping community and share best practices in the use of Index-Linked Container Contracts (ILCCs).
Crowley Maritime Corporation's Caribbean logistics unit has recently been granted reclassification of its Puerto Rico warehousing and distribution center to Foreign Trade Zone (FTZ) status.
China is handing out new subsidies for buying ships to help its beleaguered shipbuilders, confounding a government pledge to reduce support for sectors with over-capacity in order to reform the economy.
Driven by rising domestic demand in China and by increased intra-Asian and so-called South-South trade, international seaborne trade performed relatively well in 2012, with volumes increasing by 4.3 percent, reaching 9.2 billion tons for the first time ever, according to the United Nations Conference on Trade and Development's Review of Maritime Transport 2013 reports.
EU regulators will investigate whether 14 of the world's major container shipping companies, including A.P. Moller-Maersk and MSC, have been illegally orchestrating price rises for European routes since 2009.