Gearbulk and Grieg Star have announced that they will be combining their efforts to form a single dry bulk shipping company. They say the joint venture will operate the parties' combined fleet of open hatch, semi open hatch and conventional bulk vessels.
South Korea's Hyundai Merchant Marine said this week it may submit a preliminary bid for Hanjin Shipping assets used in Asia-to-U.S. routes - a sale that could be key to Hanjin's prospects for paying off creditors. Hanjin, which filed for court receivership on August 31 after its creditors cut off financial support for the firm, put up manpower and logistics systems, five container ships and 10 overseas businesses for sale last week.
Container volumes at India's major ports increased by 6.32 percent over last year in the first half of this financial year through September, according to the Journal of Commerce. The 12 ports together handled 4.35 million TEUs in the first half, up from 4.09 million TEUs over the same time last year.
Miami International Airport will soon receive perishable freight imports by sea and load it aboard international flights, according to the U.S. Department of Agriculture - making it the first airport in Florida to handle ocean-to-air transshipment. The airport announced that the shipments should start by the end of 2016.
Container shipping company ZIM is launching an additional Asia Pacific service beginning October 25 with the following rotation: Xingang, Qingdao, Shanghai, Prince Rupert, Xingang.
A range of shipping organizations are putting pressure on the International Maritime Organization to act on air emissions ahead of the marine environmental committee meeting (MEPC 70) in late October. The meeting is scheduled to discuss policy measures for the shipping sector in terms of CO2 reduction and whether or not to postpone the global 0.5 percent sulfur cap planned for 2020.
A message to shippers who have been paying rock-bottom rates for truck transport over the last couple of years: next year, that ride is likely to come to an end.
More than a month after major Korean freighter line Hanjin shut down due to financial issues, the effects are still being felt by retailers in terms of shipment delays from Asia.
This week, the world's largest exercise for unmanned vehicles in the marine environment begins in waters off north-west Scotland, according to the United States Navy's Office of Naval Research.