The Australian Maritime Safety Authority’s decision to detain a Hong Kong flagged containership which dumped food waste in close proximity to Fraser Island in May was affirmed by the Administrative Appeals Tribunal at a hearing on November 25…
Douglas Owen has been appointed Secretary General of the Bureau International des Containers (BIC) following almost four years of service at the organization.With more than 20 years of experience in the maritime transportation industry,…
Today in the containership industry a landmark deal has occurred with the youngest ever containership sent for demolition by Rickmers Marine Trust. The vessel was a seven year old panamax boxship (4250 TEU, 2009 Blt, Built China). She is valued just above scrap at USD 5…
The European Commission on Wednesday said it has given its conditional approval to a merger between German container shipping line Hapag-Lloyd and the United Arab Shipping Company (UASC). The merger would create a combined company worth about 7 to 8 billion euros ($7…
Global container shipping company CMA CGM and Algerian national shipping company CNAN NORD Spa have signed a cooperation agreement on November 8 to develop shipping transportation in Algeria. The agreement focuses on three strategic axes…
Georgia Ports Authority Executive Director Griff Lynch reported to the GPA board Monday fiscal year to date growth of 4 percent for loaded container traffic, moving 1.01 million twenty-foot equivalent container units, an increase of 40,545 TEUs compared to the same period in 2015…
Asia to West Africa container traffic fell by 19% in the third quarter; the end-year result will not be much better.The IMF’s latest World Economic Outlook, published last month, described “multispeed” growth for sub-Saharan Africa economies…
CMA CGM, the world's third-largest container shipping company, posted on Friday another net loss in the third quarter as freight rates remained weak and it integrated Singapore-based NOL, its biggest-ever acquisition. The sector was showing…
NYK subsidiary NYK Ports, together with Macquarie Infrastructure Partners III (MIP III), has invested in Maher Terminals, which operates a terminal in the U.S. port of New York and New Jersey. On November 16, 2016, NYK Ports acquired a 20 percent share of Maher…
Handling at the container terminal in Copenhagen is being further improved with Copenhagen Malmö Port, CMP, putting a new logistics system into operation. This will give the customers an even better and faster service in the future.PIC, the new Terminal Operating System (TOS)…
Honolulu-based Pasha Hawaii said the company narrowed its selection to two U.S. shipyards for the construction of two new Liquefied Natural Gas (LNG) fueled containerships, with the option to order two additional vessels. Contract specifications are expected to be finalized by the end of the month…
Shares of U.S. shipping companies shot higher again on Wednesday, causing volatility halts in a number of stocks and raising questions among investors and analysts over the extent of their sharp post-election rally. The jump in share prices…
At 104.9 million tons, total seaborne cargo throughput for the first three quarters of 2016, covering general and bulk cargo segments, was up 0.3 percent on the previous year.“Seaborne cargo throughput in the Port of Hamburg has stabilized…
Governor Terry R. McAuliffe announced that The Port of Virginia will finalize the $217 million contract with Konecranes for that company to build and deliver 86 specialized cranes that will be at the center of the port’s expansion projects at…
October container volumes were down 6.2 percent at the Port of Long Beach compared to the same month last year, as the fallout from the Hanjin bankruptcy continues to settle.According to the port, a total of 581,808 twenty-foot equivalent units (TEUs) moved through docks last month…