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Zim Ports (2006) Ltd, a subsidiary of Israeli shipping company Zim, has acquired a 40 per cent share of Contarsa, the container terminal operator at the Spanish port of Tarragona, in partnership with the UAE's DP World, which has the other 60 per cent.

The South Carolina State Ports Authority (SCSPA) has approved a US$160-million budget, projecting more than $100 million in capital spending and a slight increase in container traffic for the coming fiscal year.

Singapore's Neptune Orient Line (NOL) says its container shipping volume for the four-week period from May 3-30 amounted to 201,700 FEU, a year-on-year increase of 13 per cent.

A Containership has sank in Philippine waters close to the Maralison islet off mainland Culasi as typhoon Frank's heavy rains and strong winds lashed the Binirayan province of Antique.

The China Navigation Company (CNCo) the ship owning arm of Swire Group, has signed an agreement with Nantong Mingde Heavy Industry for six multipurpose vessels (2,321 TEU equivalents) to be delivered from mid 2011 onwards with an option for six more to be delivered after mid-2012.

Container shipping lines participating in The New World Alliance (TNWA) along with French shipping company CMA CGM are upgrading their Asia-US east coast (ESX) service, starting this month.

As Saudi Arabia announced a 200,000 barrel increase in oil production and consumers grapple with record pump prices and fuel shortages, the shipping industry today consumed 4.37 million barrels of oil unnecessarily, new research has revealed.

Port of Tacoma officials, facing vocal public opposition, voted June 19 to scuttle plans to build a major inland truck and rail logistics center on a 745-acre parcel of port-owned property in nearby Maytown.

The Southern California ports' $2.4 billion truck re-regulation plan continued to make incremental steps forward last week, while behind the scenes, industry attorneys are putting the final touches on a legal challenge that could determine whether the ports are able to enforce the plan.

35 ports have now registered to take part in the '2008 C40 World Ports Climate Conference', which will be held on 9, 10 and 11 July in Rotterdam. They include most major world ports. They were invited to come and discuss ways of reducing the greenhouse effect and improving the air quality in ports.

A.P. Moller - Maersk has ordered 18 4,500-TEU containerships from South Korea's Hyundai Heavy Industries for delivery in 2011 and 2012.

For the first time the Ennore Port carried out ship-to-ship (STS) operations in its outer anchorage involving transfer of 22,500 tonnes of LPG last Friday.

Starting July 11, Hamburg Sud, the German shipping line, is launching a new container service connecting Far East with India and Pakistan with simultaneous sailings from Port Kelang and Shanghai, according to shipping industry sources.

A new Indian Coastal Ship Safety Code is being jointly developed by Directorate General of Shipping (DG Shipping) and the shipping industry. The code is meant to boost cargo movement by coastal shipping, which constitutes less than 10 per cent of total domestic cargo movement.

The Minister of State for Commerce and Power, Mr Jairam Ramesh, has said that India would complete the prestigious project of rebuilding and expanding the Sittwee port in the Arakan region of Myanmar on the Bay of Bengal in four years by 2012, one year ahead of the current estimated schedule.

Trucking industry's survival is dependent on pending terms of emission legislation warns the American Trucking Association (ATA) in response to the government's five bills on global warming, reports American Shipper.

There is optimism that US west coast port operators and dockers will be able to reach agreement on a new labour contract by the July 1 deadline.

CSAV Norasia is launching an intra-Levant shuttle service in the East Mediterranean, calling at ports between Egypt, Turkey, Syria and Lebanon.

Mediterranean Shipping Company (MSC) is reported to be a potential buyer of Italy's state-owned Tirrenia di Navigazione, a short-sea ferry operator focusing on domestic connections.

Hong Kong and Singapore have been ranked as the top two of 118 economies in the World Economic Forum (WEF)'s Enabling Trade Index published in the Global Enabling Trade Report 2008.