April 6, 2017

The Norwegian Coastal Administration has formally announced that construction of the Stad Ship Tunnel is part of the Norwegian National Transport Plan for the period 2018 to 2029. 

The tunnel will be the world’s first full-scale ship tunnel, and it is anticipated to ensure safe passenger and cargo ship voyages in the Stadhavet Sea, the most exposed and dangerous part of the Norwegian coast.

March 15, 2017

Samsung Heavy Industries held a naming ceremony for the world’s largest container ship at its Geoje yard on Wednesday.

The 20,150 TEUs MOL Triumph is the first of four ultra-large container ships being built for MOL of Japan. The vessels were ordered in February 2015, and steel was cut for MOL Triumph in January 2016.

February 7, 2017

Maersk Line and Hamburg Süd have announced a slot purchase agreement for Hamburg Süd’s volumes on the East-West trades to be shipped on vessels in the 2M network, the shipping alliance between Maersk Line and Mediterranean Shipping Line.

December 14, 2016

On Tuesday, the South Korean division of global accountancy firm PricewaterhouseCoopers (PwC) recommended the full liquidation of the bankrupt container carrier Hanjin Shipping. 

“Liquidating Hanjin is more economically viable than letting it continue business on a going concern basis,” the firm said in a Korean court filing.