Carrier members of THE Alliance has revealed their plans for operations scheduled to start from April 2017, detailing the launch of 31 services and the deployment of more than 240 modern containerships on global routes.
Hong Kong-based line Orient Overseas Container Line (OOCL) reported a 5.2% rise in third quarter volumes to 1.52m teu from 1.45m teu in the previous corresponding quarter, however, expectedly revenues plunged 13.8% to $1.15bn from $1.33bn previously.
Ericsson and Pole Star Space Applications have announced a global business and technology partnership to create industry leading services focused on the maritime sector.
A new study detailing a number of potential pathways for the shipping industry's transition to a low carbon future has been released by Lloyd’s Register (LR) and Shipping in Changing Climates, a $4m multi-university and cross-industry research project.
Genoa-based Fratelli Cosulich will start physical bunker supply operations in Bandar Abbas, Iran in early 2017, materialising a joint venture business with Islamic Republic of Iran Shipping Lines (IRISL).
Singapore’s Pavilion Energy and oil major ExxonMobil will team up to develop LNG bunkering solutions for Singapore, the world’s largest bunkering port.
The overall sluggish shipping market of today can look forward to the One Belt One Road (OBOR) initiative as a long term catalyst for growth, industry players from the financial sector have shared.
France’s Total Lubmarine has launched a new single oil solution Talusia Optima, a cylinder lubricant suitable for use with fuels ranging in sulphur content from 0.0% to 3.5%.