AWO testifies before Congress on dangers of foreign carrier alliances negotiating collectively with U.S. tugboat operators Tom Allegretti, President & CEO of The American Waterways Operators, testified before the House Transportation & Infrastructure…
“Port Houston handled close to 10 million tons of total tonnage, reflecting an increase of eleven percent over 2016,” Port Houston Executive Director Roger Guenther announced during the April meeting of the Port Commission of the Port of Houston Authority…
New shipping alliances that came into effect a month ago are unlikely to increase ocean freight competitiveness between the United States and its NAFTA partners, said online freight forwarder iContainers.According to data released by the U…
U.S. Federal Maritime Commissioner William P. Doyle issued the following statement regarding the FMC Decision: Yesterday, I voted to reject the Tripartite Agreement proposed by Kawasaki Kisen Kaisha, Ltd. (K Line); Mitsui O.S.K. Lines Ltd…
The containership charter owner Global Ship Lease (GSL) has reported first-quarter net income of $6.8 million. Its revenue stood at $39.6 mln for the Quarter. Ian Webber, Chief Executive Officer of Global Ship Lease, stated, 'During the first quarter of 2017…
The 13,092 TEU Neopanamax containership COSCO Development, which measures 366 meters in length and 48.2 meters in beam, today became the largest vessel both in dimension and capacity to transit the Expanded Panama Canal since it was inaugurated in June 2016…
Four years after the arrival of the first Triple-E vessel, Maersk Line has now deployed Madrid Maersk, the first of its second-generation Triple-E containerships. With nearly 2,000 more TEU capacity than the prior generation Triple Es, the 20…
Japan's top three shippers -Nippon Yusen KK (NYK), Mitsui OSK Lines and Kawasaki Kisen Kaisha - appear on course for net profit in fiscal 2017, buoyed by better market conditions and restructuring efforts, Reuters reported. The brighter outlook…
Eimskip has secured 80% financing of the contract price of the vessels with a 15 year tenor in Euros taken upon delivery. The lender is the German bank KfW IPEX-Bank GmbH. The loan is secured by China Export & Credit Insurance Corporation (Sinosure)…
APM Terminals Gothenburg has announced a new service designed to accelerate and improve Sweden’s supply chains in the forestry and steel export sectors. As part of the company’s SEK 250 million container terminal investment plan, a new specialized…
Diana Containerships Inc. announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Hapag-Lloyd AG, Hamburg, for one of its Panamax container vessels, the MV Sagitta. The gross charter rate is $9…
Container traffic through Mombasa, Kenya's biggest port, increased by 2.4 percent in 2016 after the opening of a new section of the port's second container terminal, port management said on Friday.The biggest port in East Africa and the region's trade gateway…
Nexiot AG is customizing its zero-maintenance smart sensor system for Bertschi Group’s tank containers, to monitor the temperature of dangerous goods and help ensure safe delivery of consignments. The data is then sent to a control system…
The world's biggest container shipping company Maersk Line will pay 3.7 billion euros ($4.02 billion) for its acquisition of smaller German rival Hamburg Sud, it said on Friday. Combined, the two companies will be able to realise annual operational savings of about $350 million to $400 million…
Matson, Inc. president and chief executive officer Matthew J. Cox will succeed retiring chairman of the board Walter A. Dods, the company announced today. The appointment becomes effective at the end of the company's annual shareholders’ meeting today…