A series of major equity managers are mentioned as potential buyers for OOCL's Long Beach container terminal on the US West Coast. The terminal has been put up for sale as part of Cosco's acquisition of the Hong Kong-based shipping line.
China will, by all accounts, announce a new environmental initiative before long. The country is expected to surpass IMO's 2020 sulfur regulations and ban the use of open-loop scrubbers within a few years, according to estimations.
Chinese port Zhoushan is much smaller than Singapore in terms of bunker deliveries, but the port has big plans to challenge the world's biggest bunker port, reports Reuters.
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.
The Spanish city calls on the country to support the introduction of an emission control area in the Mediterranean.
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.
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.
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.
The first vessel has been served by a bunker facility in the Port of Gothenburg, where tanker vessels can tank LNG while the vessels load or discharge.
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.
A new survey from Danwatch shows that port workers working for two of Maersk's sub-suppliers in Kenya are paid very little. Maersk tells Danwatch it sees the matter as very concerning.
Maersk has once again come under the scrutiny of authorities in India. According to Reuters, Maersk Group's port subsidiary is under investigation for violating competition regulations along with DP World.
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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