Evergreen Marine Corp. partnered with French-based CMA CGM Grou, & Yang Ming Marine both offer new container services.Evergreen's new route, called South Red Sea Service, connects Southeast Asia, the Indian subcontinent, and countries near the Red Sea…
As Europe’s economic slowdown reshapes global trade patterns, Maersk Line taps into Asian growth by starting a new direct route to South Korea.A.P. Moeller-Maersk A/S began shipping from the port of Gothenburg, Scandinavia’s largest, to Busan…
Dock-worker unions at strike-bound Kwai Chung container port to meet with two contractors under Labour Deptartment's mediation.The breakthrough comes as a strike by workers at the port threatens to enter a third week; however, port operator Hongkong International Terminals…
New report examines evolving trade patterns resulting from the upcoming 2015 Panama Canal expansionThe Colliers International report, 'CapEx or Capsize,' underscores the idea that cities need to spend the capital to upgrade their ports, or risk 'capsizing' their economies…
As expected the industry just about scraped over the break-even line in 2012, albeit only because of the results of a handful of leading lights. There is every chance that lines will make decent money in 2013, but only if they refrain from old habits and stick to pricing and capacity discipline…
Chris Willman to Lead Sea Star Line’s National Sales Force. Sea Star Line, LLC has announced the promotion of Chris Willman to Director of National Field Sales.Chris joined Sea Star Line in March 2005 as an inside sales representative…
Singapore will continue its drive to be a leading international maritime center and will work even more closely with countries and shipping associations in the region to realize its goal of creating a unified ‘Asian Voice’ in the shipping industry…
Dock workers at Hong Kong International Terminals (HIT) on strike since 30, March 2013, get international union support.In their latest statement the International Transport Workers' Federation (ITF) express their continuing solidarity with locked out Hong Kong dockers…
'As we close the 2012 books, we have every reason to be satisfied with the Trust’s positive results,' says Rickmers chairman.Extracts from chairman, Bertram R.C. Rickmers's letter to shareholders in the recently released 2012 financial report…
Stolt-Nielsen Limited reported unaudited results for the first quarter ended February 28, 2013. Net profit attributable to SNL shareholders in the first quarter was $1.5 million, with revenue of $519.4 million, compared with $18.2 million…
The 14,000-TEU container ship was named 'APL Temasek' by Mrs Mary Tan, wife of the Republic’s President at a Singapore ceremony.APL Temasek is the first in a series of ten 14,000-TEU vessels on order by the Singapore-based shipping and logistics group…
Success in a down market? It is possible, as MarPro found at one of the world’s largest carriers in one of shipping’s most volatile sectors.When CMA CGM signed a deal selling 49% of its Terminal Link division to China Merchants Holdings (International) for $535 million in January 2013…
Evergreen Line is teaming up with United Africa Feeder Line (UAFL) to extend its service network in the Indian Ocean.Evergreen announce a new ISC-Mauritius-Mozambique-Africa (IMMA) Service linking the Indian sub-continent, Indian Ocean Islands and Mozambique will be launched in late April…
Anthony Chiarello, President & CEO, TOTE, Inc., is a fourth-generation maritime professional, starting with his great grandfather who owned a ferry service from Sicily to North Africa. When the family emigrated to the U.S. in the late 1800s…
Heavy fuel oil on board the wrecked container ship is expected to leach out over time, but the ship's owners and insurers would prefer to leave it where it is. No decision had been made on leaving Rena on the reef, but draft assessments have…