China, Japan, and South Korea have agreed to expand the Northeast Asia Logistics Information Service Network in light of risks highlighted by the recent Tianjin port explosion. To the 13 ports already ...
Asian port safety network expands
DNV GL addresses ports’ LNG bunkering concerns
DNV GL has issued a new class notation for ship-to-ship fuel transfers, aimed at improving safety at LNG-bunkering facilities. The notation sets requirements for LNG carriers and for barges equipped ...
South Korean ministry eyes port development with Daewoo
South Korea's Ministry of Oceans and Fisheries (MOF) has signed a memorandum of understanding (MoU) with Daewoo International Corporation to collaborate in overseas port projects. In particular, the ...
Mokpo picks consortium to run its new car terminal
Mokpo port in South Korea has found an operator for a new vehicle terminal completed in July. South Korean logistics companies CJ Korea Express and Dongbang Co form the winning consortium along with ...
MSC to boost its volumes in Trieste
MSC has taken a 45% stake in Trieste Marine Terminal (TMT) and is expected to double its contribution to the northeast Italian facility's volumes. Pierluigi Maneschi, head of TO Delta, which operates ...
Inpex puts back Australian LNG megaproject
Australia's Ichthys LNG project is experiencing delays and cost overruns that commentators have blamed on bottlenecks at Korean shipyards. Earlier due online in 2016, the USD34 billion project has ...
Sage Sagittarius inquest sustains homicide fears
An ongoing inquest into the death of the chief engineer of the Japanese bulk coal carrier Sage Sagittarius in 2012 has heard that forensic evidence could fit either an assault or accident. Hector ...
GMI seeks Chapter 11 bankruptcy protection
Global Maritime Investments (GMI) has filed for Chapter 11 bankruptcy protection in New York to facilitate an orderly liquidation. As of its filing on 15 September, GMI owed more than USD169 million ...
US, EU consumers should boost container trades
Household spending in the US and EU is poised to revive flagging demand for container shipping, a senior analyst has predicted. Peter Sand, chief shipping analyst at BIMCO in Denmark, told a ...
China COSCO forms JV to buy Turkish container terminal
Shanghai-listed China COSCO on 17 September announced that its wholly owned subsidiary COSCO Pacific has partnered subsidiaries of China Merchant Holding International (CMHI) and CIC Capital to form a ...
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