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Maritime

CMA CGM ups stake in CEVA Logistics to 33%

French container line CMA CGM has increased its stake in Swiss-headquartered CEVA Logistics after the latter rejected a takeover offer last week.

Japan firms try out China’s ‘Belt and Road’ cargo transport to Europe

Japanese and Chinese logistics firms are paving the way for an alternative route to ship cargo from Japan to Europe faster than by sea by exploiting China’s “Belt and Road”

U.S. Carrier Operates in the Arctic for First Time in Decades

The USS Harry S. Truman and her escorts in Carrier Strike Group Eight are presently operating above the Arctic Cirle in the Norwegian Sea.

World’s largest LNG bunkering vessel sails for Europe

The world’s largest LNG bunker supply vessel has started its voyage from the HMD shipyard in South Korea to its primary area of operation in Northwest Europe, on 17 October.

There was no agreed plan before CMA CGM Centaurus heavily hit pier

The UK MAIB issued an investigation report on the allision of the UK-registered container ship 'CMA CGM Centaurus' with the quay that resulted in collapse of a shore crane and subsequent injury of 10 persons.

U.S. Navy R&D Center Closed by Hurricane Michael

Hurricane Michael took a heavy toll on the USAF's Tyndall Air Force Base at Panama City, Florida, as has been well-publicized in the media.

ONE Warns of $600 Million Loss in its First Year

Japanese carrier Ocean Network Express (ONE) expects to book an unexpected $600 million loss in its first fiscal year due to "teething problems," rising fuel prices and staffing shortages.

US Navy to install first 3D-printed metal part on warship

On 11 October, the US Naval Sea Systems Command (NAVSEA) announced approval of the first metal part created by additive manufacturing (AM) for shipboard installation.

Panama Canal sees record annual cargo tonnage

The Panama Canal closed its 2018 fiscal year (FY 2018) with a record tonnage of 442.1m Panama Canal tonnes (PC/UMS), a 9.5% increase from the previous year.

Hapag-Lloyd enters bilateral feeder network cooperation with Ocean Network Express

Hapag-Lloyd and Ocean Network Express have concluded a Bilateral Strategic Feeder Network Cooperation Agreement, which has already started on the first trades.

New Set-Up For Caribbean Feeder Services After Acquisition

Geman shipping company Harren & Partner and Spanish Pérez y Cía have reached an agreement for Pérez y Cía to acquire CFS Caribbean Feeder Services Inc. from Harren & Partner.r

How the Coast Guard Supports Maritime Commerce

The Coast Guard is known for saving lives at sea, but did you know the service plays a huge role in the economy, too?  

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