Tony Sanchez

Milaha’s Profit Edges Down in Q1

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April 25, 2016 The start of 2016 proved to be somewhat more challenging than expected for Qatar Navigation (Milaha) which booked a 3.5% lower net profit in the first quarter of 2016, ending March 31st year-on-year. Qatar-based marine transport and logistics conglomerate’s net profit for the quarter reached QAR 352 million (USD 96.6 million), down […]

Maersk Line Heads to Sanctions-Free Cuba

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April 25, 2016 World’s largest container carrier Maersk Line is starting its first direct service from Ireland to Cuba following the removal of economic sanctions on the country. The first port call in Mariel, Cuba took place already on 22nd April and the stop is part of the “CRX – Southbound” service operated by Maersk […]

Kleven Maritime to Build Up to Four Expedition Ship

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April 25, 2016 Norway’s shipbuilder Kleven Maritime has entered into an agreement with a compatriot cruise company Hurtigruten Cruises to build up to four new explorer vessels. Under the contract, the shipbuilder is scheduled to deliver two new vessels, designed for Arctic and Antarctic voyages, in the summer of 2018. The deal includes an option […]

EKTANK Orders Chemical Quartet at CSSC Chengxi

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April 25, 2016 Swedish shipowner EKTANK AB has signed a construction contract with Chinese shipbuilder CSSC Chengxi Shipyard for four chemical tankers. The 18,600 tanker feature 154 meters in length and 23.7 meters in width, and are scheduled to start delivery in 2018, local media reports. The order is said to be the first one […]

Hapag-Lloyd and UASC in merger talks

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April 25, 2016 Hapag-Lloyd is in talks with United Arab Shipping Co. on a possible merger of their container businesses, as the ocean carriers grapple with chronically low freight rates. Hapag-Lloyd would account for 72 percent of the combined entity’s value and UASC for 28 percent, the Hamburg-based company said Thursday in a statement. The […]

SC Ports Authority looks at Dillon, S.C., for second inland port facility

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April 25, 2016 The South Carolina Ports Authority has announced plans to explore opening a second inland port facility, driven by the success of Inland Port Greer and demand for container trade between the Port of Charleston and growing markets in South Carolina and North Carolina. “Inland Port Greer is one of SCPA’s most successful […]

China pursues Arctic shipping route

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April 25, 2016 China’s Maritime Safety Administration recently published a 356-page, Chinese language guide including nautical charts and descriptions of ice conditions for the Northwest Passage, said the China Daily newspaper, which is published by the government. “There will be ships with Chinese flags sailing through this route in the future,” it quoted administration spokesman […]

Fatal crash kills truck driver at Port of New York/New Jersey

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April 25, 2016 The victim of a fatal crash at the Global Container Terminal Thursday morning has been identified as a 53-year-old Brooklyn man, officials said. The 10 a.m. crash took place on the terminal and involved more than one truck driver, according to John Atkins, president of GCT USA. Joe Pentangelo, a spokesman for […]

US carriers target bellyhold routes to Japan

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April 22, 2016 American Airlines has applied to the US Department of Transportation proposing to operate a daily bellyhold service to Tokyo’s Haneda Airport from Los Angeles International Airport and Dallas/Fort Worth International Airport. American’s application follows the historic signing of a new aviation agreement between the US and Japan in February to improve US […]

What next for liner shipping?

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April 22, 2016 This year’s TOC Asia conference in Singapore highlighted how carriers are struggling to find an alternative to the business model that has lead to shipping lines moving containers at rates below cost. Container shipping has a big problem. The days when container traffic grew at a multiple of two to three times […]