Hapag-Lloyd completed the planned capital increase of EUR 370 million (approximately $452.5 million) as part of the business combination with the Chilean shipping company Compañía Sud Americana de Vapores (CSAV). As planned, CSAV subscribed to EUR 259 million (approximately $316…
MSC Oscar, the newest cargo vessel built for Mediterranean Shipping Company (MSC), will launch in January 2015, and at 19,224 teu, the containership will take the record for world’s largest. MSC Oscar possesses a nominal capacity of 19,224 teu…
PT. Pelabuhan Indonesia II (Persero) (“IPC”), Mitsui & Co, Ltd. (“Mitsui”), Nippon Yusen Kabushiki Kaisha (“NYK Line”) and PSA International Pte Ltd (“PSA”) have agreed to jointly participate in the construction and operation of a new container terminal at Tanjung Priok Port…
The world’s largest container vessel CSCL (China Shipping Container Lines Co.Ltd) Globe has held a grand maiden voyage ceremony in Singapore on Thursday.The world's newly crowned largest ship by container volume made her imposing maiden call on Singapore on Thursday- dwarfing nearby vessels…
Negotiators for shipping lines and terminal operators at 29 U.S. West Coast ports resumed contract talks with the union for dockworkers on Thursday, as cargo backups continued at the ports, a representative for the labor group said. Officials…
The Pacific Maritime Association (PMA) issued a statement today regarding the status of contract negotiations with the International Longshore & Warehouse Union (ILWU), stating parties are still far from reaching a deal. “Statements and…
Jan Westerhoud, President of Europe Container Terminals (ECT), will step down and retire from the company effective January 1, 2015, the company announced today in a press release. This decision was made in consultation with main shareholder Hutchison Port Holdings Limited (HPH)…
McDonald's Holdings Co (Japan) Ltd has embarked on the emergency measure of only offering small-sized french fries to customers as a protracted labour dispute at U.S. West Coast ports has contributed to long delays in imports.The fast-food chain said it was importing more than 1…
The union for 20,000 dockworkers and a group of their employers at 29 U.S. West Coast ports say they are making slow but steady progress in months-long contract talks seen by the shipping industry as a contributing factor in chronic cargo backups…
United Arab Shipping Company (UASC), a leading global shipping company based in the Middle East has announced that it will open a wholly-owned representation in the Swiss market as of 1st of January 2015. UASC’s new agency in Switzerland (UASAC…
Matson Announces Upcoming Retirement of Senior Vice President, Ocean Services, Dave Hoppes; John Lauer to Succeed Hoppes, Chris Scott to Succeed Lauer Dave Hoppes, Matson’s senior vice president, ocean services, will retire March 31, 2015…
Kalmar, part of Cargotec, has gained a further order for five of its latest generation zero emission rubber-tyred gantry granes (RTGs) from Gdynia Container Terminal (GCT) in Poland. The order follows the delivery of two similar machines earlier in 2014…
Houston’s Port Commission Chairman Janiece Longoria delivered the 2014 State of the port address in early November.Completing her second year, chairman Longoria reported to a capacity crowd of almost 500 people that the Port of Houston Authority (PHA) is enjoying business success…
Overall confidence levels in the shipping industry fell during the three months to November 2014 to their lowest level for two years, according to the latest Shipping Confidence Survey from international accountant and shipping adviser Moore Stephens…
Maersk Line and Hamburg Sud are ranked as the two most reliable container shipping carriers, according to performance rankings published in the new online version of the Carrier Performance Insight (http://cpi.drewry.co.uk) published by shipping consultancy Drewry…