CAIRO—Egypt is planning to build a new Suez Canal alongside the near-145 year-old historic waterway in a multi-billion dollar project aimed at expanding trade along the fastest shipping route between Europe and Asia. “This giant project will be the creation of a new Suez Canal parallel to the current channel of a total length of…
JAKARTA – PT Jakarta International Container Terminal (JICT) managed to record the highest productivity on international containers stevedoring with 192 moves per hour. The achievement was made after the company serves the stevedoring activity for MV Northern Genius which has leant on Terminal 1 JICT since Monday (8/4/2014). President Director of JICT Albert Pang said…
Chinese shipyards are aiming to take some $10 billion in orders for new LNG tankers over the rest of the decade, part of a plan to restructure the country’s ailing shipbuilding sector and secure China’s energy supply chain. The push to build its own natural gas delivery vessels will boost China’s capability in high-tech ships…
Dryad Maritime’s Ian Millen analyzed this “good news, bad news” situation for us: On Sunday, we heard the good news of the release of Hai Soon 6, following its hijack on 25th July off Ghana. Not long after this news from the IMB, Dryad relocated the vessel in exactly the place we expected – off…