The 10 STS Cranes will be the tallest in service at any American port; new LED lighting on the crane booms will increase visibility while significantly reducing energy consumption, as capabilities expand to meet the needs of larger vessels entering into th global fleet…
BIMCO expects the container shipping fleet to break through the 20 million TEU barrier shortly. 2016 will see the lowest fleet growth rate on record (3.4% expected), but with an estimated net addition of 0.68 million TEU of capacity for the full year…
EBITDA of EUR 123.4 million / EBIT of EUR 4.8 million / Transport volume up 2.1% / Sharp year-on-year decrease in freight rate / Further efficiency measures plannedHapag-Lloyd recorded a positive operating result in a very challenging first quarter of 2016…
Following a solid first quarter, Port of Long Beach container cargo volumes decreased in April compared to the same month in 2015, after lower-than-expected consumer spending in recent months. The decline also reflects evolving vessel alliances that have shifted ship deployments…
DP World Yarimca has been officially opened for business by the President of the Republic of Turkey, Recep Tayyip Erdoğan in the presence of senior government officials and executives of DP World.President Erdoğan joined the opening yesterday…
Hoover Container Solutions Norway AS, a subsidiary of Hoover Group, Inc., and Consult Supply, a Hoover company, have appointed Tor Olav Schibevaag as managing director for Europe and Kjetil Skaaren as general manager for Norway. Jan Sekse, vice president global procurement…
Following the Maersk Group’s recent announcement of its long-term commitment to create more responsible recycling options in Alang, India, an agreement has been reached for the landing of the first two vessels. The Maersk Wyoming and the Maersk Georgia…
Mitsui O.S.K. Lines, Nippon Yusen Kaisha, “K” Line, Hanjin, Hapag-Lloyd and Yang Ming to create a new partnership “THE Alliance”Tokyo, May 13, 2016 - Mitsui O.S.K. Lines (MOL, President & CEO: Junichiro Ikeda), Nippon Yusen Kaisha, “K” Line…
VGM Generation services will be offered to enable supply chain partners to comply with new IMO SOLAS regulations The Hague, Netherlands - With just 50 days until SOLAS Verified Gross Mass (VGM) comes into force APM Terminals is taking the…
Speaking at the Intermodal Association of North America on May 5 in Chicago, U.S. Federal Maritime Commissioner William P. Doyle discussed several of the shipping industry’s hottest topics, including ocean carrier consolidations and alliances…
Prices for new dry freight containers declined to their lowest point since 2002 during first-quarter 2016 and are still going down, according to the latest edition of the Container Equipment Insight, published by global shipping consultancy Drewry…
Global trade enabler DP World is to launch an international education programme, focusing on trade and logistics to help ensure the future growth of the sector and knowledge of its vital role in providing employment and developing national economies…
State-backed shipbuilder CSBC Corporation, Taiwan has launched two domestically developed and constructed vessels in the southern Taiwan port city of Kaohsiung, reports Taiwan Today. YM Window and YM Width are 368 meters long, 51 meters wide and can carry 14…
Grupo Modelo SA, Mexico, producers of Corona beer, part of the AB INBEV Group, the largest beer producer in the world, chose ZIM as Carrier of the Year in its annual award ceremony, held in Mexico city in April.The award is given to outstanding carriers based on several service criteria…
The demand for container shipping is really not going anywhere at the moment. Indicators for growth in the first months of 2016 point to limited overall demand and huge variations from trade to trade. In addition, all numbers are impacted by Chinese New Year…