The Port of Hamburg’s overall results for the first nine months characterized by export growth and an import downturn.In the first nine months of 2012 the Port of Hamburg achieved total throughput of 98.1 million tons (down 0.8 percent)…
Bureau Veritas has classed what is currently the largest containership in the world. Built by DSME (Daewoo Shipbuilding and Marine Engineering) in South Korea for French operator CMA-CGM, CMA CGM Marco Polo is the first in a series of three 16…
Container ship owners Hapag-Lloyd report increased revenue and profits in the third quarter 2012.Hapag-Lloyd was able to increase freight rates, revenue and results in the third quarter, although the market environment remains challenging…
Euroseas Ltd. owner & operator of drybulk and container carriers publish financial reports period ending 30, September 2012Third Quarter 2012 Highlights: -Net loss of $0.8 million or $0.02 net loss per share basic and diluted on total net revenues of $13…
CMA CGM Group said that the CMA CGM MARCO POLO, the world’s largest containership, has begun its first voyage Wednesday, November 7th, in Ningbo, China. Symbol of the pioneer spirit of the CMA CGM Group, the new 16 000 TEU vessel, owned by CMA CGM…
Greece-based container ship owners report third quarter & nine months financial results ending 30, September 2012.Mr. Michael Bodouroglou, Chairman, President and Chief Executive Officer of Box Ships Inc., commented: “The third quarter of…
Greece-based container ship owners, Danaos Corp., reports Q3 & nine months results for period ended September 30, 2012.Highlights for the Third Quarter and Nine Months Ended September 30, 2012: Operating revenues of $156.3 million for the three months ended September 30…
Drewry scores Maersk Line 90.5% for reliability in Q3 2012.Every quarter Drewry releases its industry benchmark on reliability – the Drewry Schedule Reliability Insight. Every quarter Maersk Line is in the very top, and they have now had a 1st place ranking for six consecutive quarters…
Daina Shipping fined $300,000 in NZ Court for discharge of harmful substances following grounding of the ship Oct. 2011.“The guilty plea by the owners has led to this case being resolved in a timely fashion and that is to be welcomed,” MNZ Director Keith Manch said…
Hapag-Lloyd chooses International Paint coatings for ‘Hamburg Express’, and for all of its latest 10 container ship newbuildings.The ‘Hamburg Express’ will sail Loop 4 of the G6 Alliance, starting in Hamburg and calling at the ports of Rotterdam…
Increased operational efficiency, better market conditions boost Group’s performance. NOL Group reported net earnings of $50 million for the third quarter of 2012, a $141 million turnaround from the $91 million net loss in the third quarter of 2011…
Costamare Inc report unaudited financial results for the third quarter and nine months ended September 30, 2012. Greek-based Costamere is a leading owner and provider of containerships for charter. The Company has a fleet of 57 containerships…
CH2M HILL (www.ch2mhill.com), a global full-service consulting, design, construction, and operations firm, announces two key leadership appointments in the Northeast. With the 2011 acquisitions of Halcrow and Booz Allen Hamilton’s (BAH) State and Local Transit Consulting business…
Atlantic Container Line (ACL) confirm that their five new roll-on roll-off containerships (CONROs) will be built to UK standards.The five new vessels are being built at the Hudong-Zhonghua Shipbuilding (Group) Co. Ltd in Shanghai China.…
In response to a seasonal drop in market demand, Evergreen Line and Hanjin Shipping have adjusted capacity for the joint CEM/CUS service effective for the fourth quarter of 2012. Through 13 weeks from October to December, the joint CEM/CUS service is planned to skip three sailings…