NGO Shipbreaking Platform, a global coalition of organizations seeking to prevent dirty and dangerous shipbreaking practices worldwide, has published the complete list of ships that were dismantled around in the world in 2013. Of the 1213 large ocean-going vessels that were scrapped in 2013, 645 were sold to substandard beaching facilities in India, Pakistan and Bangladesh, says the group. Approximately 40 per cent of these ships were EU-owned.
United Arab Shipping Company (UASC) has exercised options for six additional 14,000-TEU vessels bringing the total order to 16 ships. The order has been placed with Hyundai Heavy Industries (HHI) in Korea and is the largest in UASC's history, worth over $2bn, including all options. The order features vessels that will be amongst the largest, most technologically advanced, and most environmentally friendly container vessels ever built.
Cuba on Monday inaugurated a $957m port billed as the most modern in Latin America and crucial to the economic future of the communist-ruled island in a project financed by Brazil and equipped for ships passing through an expanded Panama Canal.
A bitter dispute between the Panama Canal and a Spanish-led consortium of construction companies over the spiraling cost of expanding one of the world's busiest waterways was years in the making.
Hong Kong has maintained its status as the world's freest economy, a distinction that it has achieved for 20 consecutive years. The nomination was made in the 20th anniversary edition of the Index of Economic Freedom, published jointly by The Heritage Foundation and The Wall Street Journal.
Advanced emissions monitoring of large ships calling at EU ports could help save owners and operators of large ships up to 9m Euro ($12.2m) a year, according to a new study published by sustainable transport group T&E.
A.P. Moller-Maersk has agreed to sell substantial stakes in Denmark's largest retailer and a department store chain, as the shipping and oil conglomerate slims down to boost performance.
Egypt has invited 14 consortia to bid for a chance to say how they would develop the Suez Canal area, aiming to attract more ships and revenue to shore up the country's finances.
China Daily reports that the value of trade in China's goods in 2013 is set to exceed that of the U.S., making the world's second-largest economy the world's top trader for the first time in the modern era.
The U.S. Environmental Protection Agency is announcing the availability of $4m in grant funding to establish clean diesel projects aimed at reducing emissions from marine and inland water ports, many of which are in areas that face environmental justice challenges.