Newbuildings orders for 5 container ships were cancelled and advance payments partially refunded by the shipbuilders.In addition, the company reached an agreement regarding the postponement of payments due in 2013 for other orders. The agreements…
The liner services group will offer ocean-freight customers a second weekly southbound sailing from Port Everglades, Fla., to Nassau, Bahamas.The new Saturday sailing day, starting Saturday, March 23, 2013, will give customers an additional option for the transport of their goods…
During a recent South Carolina Ports Association (SCPA) meeting the twelfth straight month of year-over-year growth was noted.Container volume for the first eight months of the fiscal year are up more than 11 percent to 1,024,121 TEUs handled from July to February…
Rescuers have retrieved 11 bodies and are searching for two missing crew members after a container ship sank off east China.The Beihai Rescue Bureau of the Ministry of Transport dispatched two rescue vessels and a helicopter to the seawater area 40 nautical miles northeast of Longkou…
SBS Worldwide promoted their U.S. CEO Lars Kloch to CEO – Freight Division, expanding his existing U.S. role to take responsibility of their global freight operations. Kloch takes up the role with immediate effect and will become responsible…
Maersk Line intend to take measures to avoid a repetition of the ocean container shipping 'rate wars' of previous years.With a capacity of 18,000 20-foot containers, the Triple-E will be the largest container ship ever built. Maersk acknowledges…
NOL Group has announced the appointment of Senior Counsel Mr Alvin Yeo to its Board of Directors. Subject to shareholders’ approval at NOL’s Annual General Meeting on 18 April 2013 (“AGM”), Mr Yeo, Senior Partner at WongPartnership LLP…
Greece-based Box Ships Inc. intends to offer $25,000,000 of its common shares in an underwritten public offering. The net proceeds of the offering are expected to be used by the Company for general corporate purposes, which may include the repayment of debt and the acquisition of vessels…
Contship Italia Group to implement Navis SPARCS N4 Terminal Operating System (TOS) at five of its terminals.Navis, a part of Cargotec Corporation announce that Contship Italia Group (CSI) group will implement Navis SPARCS N4 at its five terminals…
A.P. Moller-Maersk expects container ship capacity to grow 11% this year, outpacing demand, forcing owners to take corrective measures.The industry is likely to scrap more vessels, sail them at even slower speeds and idle more ships in order to balance supply with growth…
Maersk Line, will stop using the Panama Canal to transport goods from Asia to the U.S. East Coast as bigger ships make Suez more profitable.Maersk Line will send through Suez Canal a vessel that can carry as many as 9,000 20-foot boxes at a time…
Cargotec receives another large order for MacGregor cargo access packages for 5 Container/RoRo (ConRo) in China.Cargotec's MacGregor has received another large order, following the MacGregor RoRo cargo access equipment order from South Korea announced on 6…
Nor-Shipping 2013 opens just three months from now with a cast of speakers featuring top executives from world-leading companies covering the entire value chain of themaritime industry – from shipowners and technology and service companies to regulators and financiers…
The Forum looked at a broad spectrum of topics concerning container shipping including: stowage and lashing, the potential for LNG vessels and bunkering, trends in the liner markets, high tensile steel and thick materials for ship building,…
Horizon Lines, Inc announce it will move its northeast terminal operations to Philadelphia, Pennsylvania, from Elizabeth, New Jersey, effective April 11, 2013.After an extensive review of options and a detailed evaluation of other ports connecting the northeast to Puerto Rico…