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DP World appoints new transitional board for Unifeeder

The new owner is setting its own transitional board of directors for acquisition Unifeeder. DP World's chief executive takes over as chairman, replacing former Maersk CEO, while Unifeeder's CEO also joins the new board of directors.

Cosco's master plan for Piraeus suffers setback

The Greek authorities have shelved a planned tender for a new facility in the Port of Piraeus, which is owned by China's Cosco. The case marks the latest example of the Chinese shipping group's challenges related to the massive port acquisition.

Significant increase in scrapping of container ships

High scrap prices and low rates have significantly increased the amount of container ships being scrapped within the past month, show new figures. "This should continue well into the next year," estimates shipbroker Braemar ACM to ShippingWatch.

EU clears Belgian port in illegal state aid case

In a new report, the EU says that the state-owned container port in Antwerp acted in accordance with state aid rules, when port authorities during the financial crisis changed the minimum requirements for the number of containers two terminal companies were required to drive through the port.

Taiwan's ports to introduce sulfur cap on Jan 1

The largest ports in Taiwan will already at the turn of the year introduce a sulfur cap on par with the global sulfur regulations, which are set to come into force a year later, on Jan. 1, 2020, reports Seatrade Maritime.

Sale of OOCL's key US terminal underway

The sales process of OOCL's terminal in Long Beach, California could start as early as December, reports Fairplay. ShippingWatch has received confirmation from OOCL that the sale is underway.

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