The construction and building works at Petlim container port in Izmir were completed and the project was delivered to the terminal operator APM Terminals. The agreement for construction and operation of the container terminal divides the costs between the both companies, as Petlim Limancılık Ticaret AS will take the investment …

The spot rates on Asia-Europe trade routes fell to historic lows, dropping with 32% during the last week, reported Shanghai Container Index (SCFI). The index rates on Asia-Europe routes fell by 214 USD, reaching 444 USD per TEU, which is the lowest level in the history of the maritime transport. …

Hyundai Heavy Industries built its 2000th ship since its establishment in 1970. The South Korean shipyard completed the building and delivered the 2000th vessel to Diamond Offshore Drilling Services. The millennium vessel for Hyundai Heavy Industries is the drillship Ocean BlackLion. The shipbuilder is the first, which reached such record. …

Import volumes through Vladivostok port decreased by 40% for the first four months of 2015, compared with the same period last year. The decline occurred in almost all products, as motor vehicles and parts import decreased with 50%, equipment with 60%, meat and meat products by 40%. Also according to …

The Norwegian Golar LNG chartered six LNG carriers to the Swiss energy trader Trafigura. The vessels were time chartered until September and will transport liquefied natural gas to the newest tender of Trafigura – Argentina. The financial terms of the charter are not disclosed, but according to official sources, the …

The container operator CMA CGM increases capacity in Asia-North Europe routes, launching two new loops. The French container line will increase its capacity on the important trade route from 1 million TEU to 1.3 million TEU and the vessels engaged into the loops from 87 to 106. With such number …

Container crane boom broke during cargo handling operations of the boxship Maersk Karachi in Bremerhaven Container Terminal in Germany. After the accident the crane operator fell with cabin from over 50 m height and died. The port rescuqe team needed several hours to reach the man under the fallen container …

The dockworkers at Port of Callao in Peru started indefinite strike against the alleged unfair treatment of union workers by management. According to the port operator APM Terminals the real reason for the strike is the changes in work practices and modernization of the port and the new electronic rotating …

Carnival Corp ordered nine new cruise ships with new architecture and modern marine engineering. The ships will be specially designed for the Chinese market, where will operate.Five of the vessels were ordered to Italian shipbuilder Fincantieri and will be constructed in Monfalcone and Maghera. The other four ships were ordered …

The container ship Eilbek got cargo shift in a storm off Kiel, Denmark. Some of the cargo in containers shifted and vessel received big list to starboard. The accident happened in a gale with strong wind and large waves, during a voyage from Rotterdam via Antwerp to St Petersburg, Russia …