Greek President Karolos saw successful cooperation with COSCO in the Port of Piraeus as a pointer towards further bilateral collaboration.The Greek president voiced his thoughts during a visit to the Chinese company's Piraeus Container Terminal (PCT) in Athens reports China Daily…
Due to overcapacity & economic turmoil in the market, the market index for 40ft containers has taken a massive dip, 44% from May 2012.Xeneta, the price comparison service for sea freight, found that the average container freight rates from Asia to North-Europe continues to drop to $2…
The 'white gold' is in the form of deep ice cores taken for scientific research from the south polar region for delivery to a Belgian university.The sensitive shipment required global collaboration across several Maersk Line teams. Samples of ice…
Ship Finance International (SFI) has agreed to build four 8,700 TEU newbuilding container vessels at a major shipyard in Korea.The company says that the contract price is attractive and the vessels are scheduled to be delivered in 4Q 2014 and 1Q 2015…
After six weeks of waiting at Constanza/Romania, MSC FLAMINIA has put into the port of Constanza; cause of fire still not ascertained.MV MSC Flaminia caught fire on 14 July 2012, claiming three lives (two confirmed dead and one missing) and…
Norway's SinOceanic Shipping ASA facilitates newbuilding orders for 10 x 8,800 TEU containerships at Jinhai Heavy Industries.On behalf of foreign interests, SinOceanic Shipping ASA says it has entered into a contract with Jinhai Heavy Industries…
The Canadian Coast Guard (CCG) authorizes the passage of vessels up to 44 metres wide in the Quebec-Montreal section of the St. Lawrence navigation channel. The previous authorized width was 32.1 metres without restrictions. The CCG has…
Effective August 1, 2013, Mitsui O.S.K. Lines, Ltd. will begin operating in Canada as MOL (Canada) Inc. MOL (America) Inc. and Montship, Inc. today jointly announced that their liner agent agreement will expire on July 31, 2013. Montship…
Greece's Paragon Shipping Inc. obtains a $69-million credit facility with China Development Bank to partially finance its two 4,800 TEU containerships currently under construction.The two container ships on order are expected to be delivered in the second quarter of 2014…
The 3600 TEU container ship, built under the supervision of Navgathi Marine by Hyundai Sambo delivered to Pacific International Lines.Hanjin Argentina is the third of a series of four such vessels ordered by Pacific International Lines of Singapore from the S…
U.S.-flagged container ship ‘National Glory’ kicks off the new service when she departs Houston for San Juan May 29, 2013.The new 14-day service, which is being provided by National Shippers of America (NSA), is called 'Isla Verde Express'…
Hamburg Süd’s performance in brief Following the powerful recovery of the world economy in 2010 and a weaker 2011, global growth continued in the past financial year, albeit at a slower pace. Against this backdrop, container shipments increased once again…
The companies agree that INTTRA will support APL’s global e-commerce growth strategy, as well as enhance its global customer service offerings.With more than two million container orders initiated on the INTTRA platform each month, INTTRA…
Panama City, Panama, May 14, 2013 – Maersk Line CEO Søren Skou visited the Panama Expansion construction site accompanied by Panama Canal Administrator Jorge L. Quijano during his recent trip to Panama. Skou and other Maersk Line executives…
Import volume at the nation’s major retail container ports is expected to increase 3.3% in May over the same month last year but growth could trickle to a standstill by the end of the summer, according to the monthly Global Port Tracker report…