Horizon Lines has released its fourth-quarter 2013 financial results showing an adjusted EBITDA increase of 33.1%, which is its 4th consecutive quarter of double-digit Improvement .'Horizon Lines fourth-quarter adjusted EBITDA increased 33…
'I am in favor of not taking any further action to delay the implementation of the P3 Network Vessel Sharing Agreement,' announced FMC Commissioner William P. Doyle. (The P3 Network Alliance consists of container shipping companies A.P. Moller-Maersk A/S trading under the name of Maersk Line…
Deal to Sign Budget with $35M More for Port Deepening; State has allocated $266 million to Savannah Harbor Expansion The $35 million in additional port deepening funds proposed by Georgia Gov. Nathan Deal has been approved by the state legislature and now awaits the governor’s signature…
February 2014 cargo volumes in the Port of Los Angeles decreased 8.9 percent compared to the same month last year informs the Port in its latest report.The Port considers that the decrease is due in part to the Chinese New Year, which closed…
A new study by Lloyds Register and University College, London, discusses the prospects of marine fuels in 'Global Marine Fuel Trends 2030', giving insights into future fuel demand for the containership, bulk carrier/general cargo and tanker…
Hyundai Heavy Industries (HHI), which claims to be the world’s biggest shipbuilder says that it set a new daily naming ceremony record by naming 5 containerships (ordered from Enesel) on a single day.In a simultaneous naming ceremony attended by Mr…
United Arab Shipping Company (UASC) says it has taken up the option with Korea's Hyundai Heavy Industries (HHI) for one additional 18,000 TEU vessels, bringing the total order to 17 ships including eleven 14,000 TEU vessels and six 18,000 TEU vessels…
Container truck drivers at Canada's largest port reached a new deal on Thursday, narrowly avoiding an expanded job action that would have seen some 400 unionized drivers join about 1,200 non-unionized drivers who walked off the job last week…
DP World London Gateway takes ships unable to call at other U.K. ports.DP World London Gateway is aiding supply chain reliability as it takes ad hoc vessel calls while other U.K. ports face closures and congestion during bad weather.Ten…
Matson, Inc., a U.S. carrier in the Pacific, announced today that Kevin O'Rourke, senior vice president and chief legal officer, is retiring after 21 years with Matson. O'Rourke will be succeeded by Peter Heilmann, who has been promoted to senior vice president and chief legal officer…
The P3 agreement between Maersk, MSC, and CGM CMA continues to roil the waters. While the agreement’s pros-and cons are about to be scrutinized in an upcoming meeting between America’s Federal Maritime Commission, the European Competition Commission…
Troy Container Line Ltd., one of the largest American-owned NVOCCs, today announced the promotion of Leeanne O’Reilly to Export Supervisor at Troy Container Line. Based in the company’s Red Bank, N.J. office, O’Reilly will oversee the unification of the FCL and LCL Export departments…
Notable accomplishments in revenue generation, cargo throughput, professional performance and international recognition highlighted today's monthly meeting of the Port Commission of the Port of Houston Authority (PHA).Executive Director Roger Guenther…
Fireworks marked the first cut of steel in a ceremony last night as construction of TOTE, Inc.’s new Marlin Class, the first liquefied natural gas (LNG)-powered containership in the world, began at the General Dynamics NASSCO shipyard in San Diego…
Chinese shipbuilder COSCO Corp (Singapore) Ltd on Monday reported a 71 percent fall in full-year 2013 net profit, due to lower profit contributions from ship building and marine engineering segments.COSCO Corp, a subsidiary of state-owned maritime industry giant China Ocean Shipping (Group) Co…