An international joint-venture involving Dubai-based DP World and industrial engineering specialists SMS Group has unveiled a new intelligent container storage system that the partners say could revolutionize the way that containers are handled in ports. The system, known as the High Bay Storage system, was originally developed by SMS group subsidiary AMOVA for round the […]
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British Government to Activate Full ‘No-Deal’ Brexit Preparations
By Kylie MacLellan and Sarah Young LONDON, Dec 18 (Reuters) – The British government said on Tuesday it would implement plans for a no-deal Brexit in full and begin telling businesses and citizens to prepare for the risk of leaving the European Union without an agreement. Those plans include setting aside space on ferries to ensure […]
One Book Explains the Rise of Globalization: Peter R. Orszag
By Peter R. Orszag (Bloomberg Opinion) — At the top of my most interesting reads this year was Marc Levinson’s “The Box: How the Shipping Container Made the World Smaller and the World Economy Bigger,” the second edition of which was published in 2016. The book tells the story of container shipping, which revolutionized international […]
Pirates Release Crew Kidnapped from Containership Off Nigeria in October
Pirates kidnapped all 11 crew, including eight Polish nationals, from the Pomerenia Sky on October 28 as the ship was bound for the Nigerian port of Onne. WARSAW, Dec 18 (Reuters) – All of the crew kidnapped by pirates from a container ship off the coast of Nigeria in October, including eight Polish nationals, are […]
Grounded Russian Cargo Ship Refloated Off Cornwall, England
Update: TThe Kuzma Minin has been successfully refloated following a combined effort between five harbour tugs and a salvage vessel. The vessel was refloated at around 2.00pm local time today and moved back out into Falmouth Bay under her own power, with the assistance of the tugs. The weather conditions have improved, which assisted the […]
Carnival Corp. to Launch Four New Cruise Ships in 2019
The world’s largest cruise company, Carnival Corporation, will launch four new cruise ships in 2019 as part of its ongoing fleet enhancement with 20 new ships scheduled for delivery through 2025. The ship’s scheduled to launch next year will be delivered across three of Carnival’s global brands – Carnival Cruise Line, America’s Cruise Line; Costa […]
Dubai’s DP World Seeks to Quash India Antitrust Probe Over Mumbai Port-Court Filing
By Aditya Kalra NEW DELHI, Dec 17 (Reuters) – Dubai’s DP World has approached an Indian court to quash an antitrust investigation recently ordered into its alleged anti-competitive behaviour at the country’s largest container port in Mumbai, a legal document reviewed by Reuters showed. The Competition Commission of India (CCI) last month said it suspected alleged […]