News

Panama: Ricardo Martinelli who was sworn-in President of the Republic of Panama July, 1 has designated Roberto Linares as the new Administrator of the Panama ... [full story]

Seoul: South Korea's Busan Port Authority (BPA) has confirmed a deal to acquire three berths at Pusan New Port Co (PNC) at an estimated price ... [full story]

Shanghai: Qingdao port, the country's second largest port in terms of foreign trade volume, saw its throughput reach 157.57m tons in the first half of ... [full story]

Mumbai: The Indian government is looking at reviving an up to 15% stake sale plan in state-run Shipping Corp of India, Reuters writes quoting a ... [full story]

Hamburg: Eivind Kolding, head of Maersk Line has told Financial Times Deutschland that the company will not cut its freight rates to win additional market ... [full story]

Shanghai: Lianyungang, a northern port city in Jiangsu province, is racing to build an international port after winning State approval to construct a 300,000-dwt deepwater ... [full story]

London: The Baltic Exchange said on Wednesday it had changed the way its chief sea freight index was calculated in a move aimed at boosting ... [full story]

London: The Japan Ship Owners' Mutual Protection & Indemnity Association (Japan P&I Club) has established its first overseas subsidiary, Japan P&I Club (UK) Services Ltd. ... [full story]

Dalian: A shipyard that has laid claim to be the largest in the world in terms of physical size held a launching ceremony Wednesday at ... [full story]

Taiwan: Asian container lines Evergreen and Coscon are to merge their two jointly-operated services between the Far East-South America and Far East-South Africa into a ... [full story]