Danaos Corporation reports its results for the third quarter of 2016 in the aftermath of the bankruptcy of Hanjin Shipping, one of Danaos' large customers. Danaos' CEO Dr. John Coustas says: 'As a result of the bankruptcy, we did not recognize…
According to the Port of Los Angeles, containerized cargo flowing through the port surpassed all-time volumes for a Western Hemisphere port for the second consecutive month. Port of Los Angeles terminals processed 877,564 Twenty-Foot Equivalent Units (TEUs)…
The Port of Long Beach said shifting alliance routes and the Hanjin bankruptcy continued to affect its volumes in November, when container traffic was 13.8 percent lower than the same month last year. A total of 534,308 twenty-foot equivalent units (TEU) were moved through the harbor last month…
South Carolina Ports Authority (SCPA) reported its strongest November container volumes on record. SCPA handled 175,217 twenty-foot equivalent units (TEUs) in November, a year-over-year increase of 14 percent. Previously, SCPA's strongest November on record was 163…
Ports America and Sydney Harbour Investment Partners (SHIP) have announced an agreement for the promotion, development and management of Novaporte, the marine container facility in the Port of Sydney, Nova Scotia. SHIP has exclusive development…
Heavily indebted South Korean shipper Hyundai Merchant Marine Co Ltd (HMM) said on Sunday it has agreed with the 2M shipping alliance to form a cooperative relationship that falls short of full-fledged membership. Joining an alliance with…
Imports at the United States’ major retail container ports are expected to be up 3.2 percent this month over the same time last year as stores bring in the last of the merchandise for the holiday season, according to the monthly Global Port…
Carol Notias Lambos, partner of The Lambos Firm LLP, was presented with the 2016 CONNIE Award by the Containerization & Intermodal Institute (CII) for her active involvement in maritime labor and positive influence within the international transportation industry…
Efforts to secure accurate container gross mass data continue following the SOLAS revision mandating verified gross mass for every packed unit having taken effect, but international freight transport insurer, TT Club is now calling for a…
U.S. Department of Transportation’s Maritime Administrator Paul “Chip” Jaenichen visited the Port of Greater Baton Rouge’s container-on-barge operation Tuesday while delivering his personal congratulations on the recent awarding of a $1.75 million…
Hapag-Lloyd held a naming ceremony for the first of its five new vessels in its new 10,500 TEU class containerships, Valparaíso Express. Valparaíso Express was named by Rozío Gonzaléz – wife of Andrónico Luksic, Chairman of the Board of…
ZIM said it will shuffle its Atlantic network, offering new connections between the U.S., Canada and the Mediterranean, starting April 2017, subject to FMC approval. ZIM Container Service Italy (ZCI) - A new premium string, offering improved service to the Italian and French markets…
Mitsui Engineering & Shipbuilding Co., Ltd. (MES) through their 100% subsidiary company, PACECO CORP., has recently delivered three (3) new automated intermodal container yard facility Cranes to TraPac Terminal at Port of Los Angeles. TraPac…
Following the sale of Hamburg Süd to Maerskfor $4 billion, VesslesValue senior analyst William Bennett has compiled a report on the top consolidated container fleets. Currently these top five fleets are worth $33.4 billion and account for 33 percent of the entire container fleet…
APL launched a new weekly service with direct connection between New Zealand and North Asian ports: the New Zealand Express II (NZ2) service.“APL introduced the new NZ2 service to serve the China-New Zealand market in a direct and more efficient way…