Drewry: sailing cancellations to increase due to P3 wait 
According to the English analyst Drewry, more sailing cancellations are on the way as the P3 alliance has yet to spell out its intentions in any detail, and competitors will be loathe to risk losing market share by taking more radical capacity reduction measures in the... more
Florida ports receive bonds to enhance infrastructure
Rick Scott, the governor of Florida, and the state cabinet have approved a budged of USD 150 million in bond proceeds to finance port projects across the state through the Seaport Investment Program. The majority of this money is to be used to prepare Florida's ports for... more
EU sets up forum to tackle sulphur compliance issues
The European Commission has announced the creation of the European Sustainable Shipping Forum (ESSF) to assess the progress towards complying with the IMO's 0.1% sulphur content in marine fuel, which is due to enter into force as of 1 January 2015 in the SECAs (Sulphur Emission... more
Worldwide reefer trade on the rise
Drewry’s latest Reefer Shipping Market Annual Review and Forecast reports that worldwide perishable reefer trade increased by 52.1 million t between 2002 and 2012, which represents by a combined annual growth rate (CAGR) of 3.6%. Seaborne perishable reefer cargo has increased by... more
Team Lines and OPDR collaborate on new service
Starting mid-October 2013, the short sea shipping and logistics company Oldenburg-Portugiesische Dampfschiffs-Rhederei (OPDR) and Feeder and Container Operator Team Lines will set up a new domestic and feeder service between the ports of Bilbao, Felixstowe and Rotterdam. The new... more
CSAV raises USD 300 million
The Chilean container shipping company CSAV has raised USD 330 million through a rights offering to the company's shareholders and a share auction. By assigning USD 16.9 million in new shares in the auction and the shares subscribed in the pre-emptive right period, the... more
Transcamion new representative for P&O Ferries Freight...
P&O Ferries has appointed Transcamion Schiffahrtsagentur as its new Russian freight representation. An exclusive agency agreement has been signed to intensify the market coverage in Russia, Ukraine, Belarus, Moldavia, Armenia, Georgia, Azerbaijan, Turkmenistan, Kazakhstan,... more
Singapore or London? 
The British capital London is still reputed to be the world’s maritime shipping centre. Singapore is increasingly challenging this position, however. more
Samskip: new service to Norway
As of 30 September 2013, Samskip Multimodal is introducing its own weekly shortsea service to the Norwegian west coast, connecting its pan-European network to Tananger, Bergen and Alesund via Rotterdam (Netherlands). Inducement calls to Maloy and other Norwegian ports are... more
Shipping confidence holds firm
Overall confidence levels in the shipping industry held firm over the three-month period to August 2013, maintaining the highest level since November 2010, according to the latest Shipping Confidence Survey from international accountant and shipping adviser Moore Stephens. ... more