South Korea further expands Busan port

Busan New Port announced on 29 April that it will get an additional 15 berths to increase its annual container handling capacity by 15.8 million teu.
The South Korean government will oversee the expansion, which will comprise container terminals, feeder terminals, and multipurpose terminals.

Gothenburg Introduces Oil Spill Robot

By Wendy Laursen 2015-04-30 00:53:35 A new robot has been introduced at the Port of Gothenburg in Sweden to deploy booms in the event of an oil spill. The new technology is designed to improve the speed and safety of spill response operations. The Port of Gothenburg is home to the largest energy port in…


China COSCO narrows loss in 1Q15

China COSCO Holdings managed to narrows its loss by 45% year on year (y/y) to CNY1 billion (USD161.2 million) in the first quarter of 2015 because of decreased losses incurred by scrapping of old tonnage.
In the first three months of 2015, China COSCO scrapped six container ships and 16 bulk