Commodities trading house Trafigura has named the first two of some 35 newbuildings being built at yards in South Korea and China.

The UAE’s new Federal Arbitration Law passed in June is expected to help it rival London, Paris and Singapore as an international arbitral seat.

Are the maritime industries about to be revolutionised by smart shipping or is the sector not yet ready for the fourth industrial revolution? It is a highly emotive subject and the Parliamentary Debate at Seatrade Maritime Middle East will see six leading industry executives, all with strong opinions debate the motion: “This House believes the shipping industry is not yet ready to embrace smart shipping”.

Former Transas chief Frank Coles is taking over the helm at Wallem Group from the outgoing ceo Simon Doughty.

What contribution does morale make to the prosperity of any ship, company or institution? It is not something that is recognised by the modern accountancy trained managers who count the beans and call the shots in too much of industry today.

AP Moller – Maersk is splitting Damco in two integrating its supply chain business into Maersk Line with its freight forwarding business remaining under the Damco brand.

AP Moller - Maersk regional container lines brands MCC Transport and Seago Line will be disappearing from the start of October as part of a reorganisation of its business announced on Wednesday.

UAE-based Gulftainer has finalized a 50-year concession agreement with the state of Delaware to operate and develop the Port of Wilmington, significantly expanding the company’s global footprint and reach.

Given how difficult it is to recover the cost of capital in shipping BW Group chairman Andreas Sohmen-Pao says he is “astonished” by the amount new equity that comes into the industry.

Who knew it? Ports are a vital part of the UK economy, Liam Fox told a gathering of some 200 people at a reception in the House of Lords last week. And, he said, ports are not only important economic entities: “They also play a vital role in facilitating imports and exports.”

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