Pacific Tycoon
Blog / Transportation
The century-old Manchester Ship Canal is being revived and regenerated, with a vision to dramatically balance out the north-south divide and meet growing demands in the transportation of goods. With road congestion and steadily increasing fuel costs generally affecting businesses within the industry, it has left many businesses seeking a cheaper, more accessible and safer [...]
In an effort to make shipping from Europe to Asia more effective and less expensive, the maritime minister of South Korea announced that commencing in August, a shipping line in South Korea is planning to launch a pilot shipping service; that encompasses a North Pole shipping route. The maritime minister also reported that there has [...]
Atlantic Offshore, a shipping company based out of Norway, has now been reported to invest in a new vessel valued at approximately 25 million euros. The vessel, currently under construction, is a Field Support Vessel also known as a standby vessel and will be constructed by a shipyard company Zamakona Yards headquartered in Bilbao, Spain. The [...]
The Arctic sea ice is melting rapidly and within the next decade the effects of global warming is expected to transform the polar region into a seasonally navigable ocean. As a result of these events, shipping along the northern sea route is expected to grow 30-fold in just eight years and could account for as [...]
The container shipping group CMA CGM is raising prices on Asia routes on July 1 will raise fees on cargo shipped to Northern Europe from Asia and on the Mediterranean-Asia route. This announcement is in alignment with rate increases imposed by other major shipping companies, including Denmark-based A.P. Moller-Maersk A/S. "If the price increases stick [...]
In April of 2013, Kattupalli Port received its first X-press Feeders (Thailand Chennai Express–TCX service) carrying 76 forty-foot shipping containers, loaded with spare auto parts from a Japanese firm. Having completed the first successful trial run of importing goods to the facilities, the Larsen and Toubro’s Kattupalli Port is prepared to commence steady import and [...]
During a recent trade mission to Beijing, Los Angeles' Mayor signed an extended lease agreement with Yang Ming, a leading Chinese shipping company. Yang Ming agreed to renew their lease at the Port of Los Angeles (which expired in 2021) for an additional nine years, to 2030. During the trip, the Los Angeles mayor met [...]
Recently hit by a mining ban in Goa, the state's shipping industry is exploring a number of alternatives, including the transport of long-distance cargo from inland waterways to ports in the neighbouring states, which will require Goa's barges to pass through the Arabian Sea. At the moment, more than 300 barges that once carried iron [...]
The Maltese Prime Minister has asked European officials to ensure that any revisions to the existing legal framework in the Guidelines on State Aid to Maritime Transport, will not threaten the livelihood of the shipping sectors' of any Member States, or make them less competitive in the global marketplace. Increasing competition in the shipping industry [...]
Emerging as a major concern for the European Commission, is the the fact that port efficiency varies greatly around Europe and not all EU ports are performing at the same level. Making matters worse, in recent years there has been a widening gap between ports that have adapted to new logistic and economic requirements and [...]
