Maritime research consultancy Drewry believes that the industry’s supply-demand balance will benefit from a reduced appetite for Ultra Large Container Vessels (ULCVs) among the major carriers, some of which now have their eyes fixed on a bigger prize of becoming global logistics integrators…
Maersk and PBF Logistics LP announce agreement for production and storage of 0.5% sulphur fuel on the U.S. East CoastPBF Logistics terminal facility in New Jersey to deliver approx. 10% of A.P. Moller – Maersk’s annual fuel demand as Maersk…
The fire-stricken 9,200 teu APL Vancouver is en route to a Singapore lay-by berth for inspection by surveyors, following the decision last week to declare general average (GA).'The vessel was cleared for departure on February 12th following inspections by the Salvage team and Class surveyor…
U.S. Treasury Secretary Steven Mnuchin said talks with China went well on Wednesday, as the world's two largest economies try to iron out an agreement to resolve their trade dispute.'So far, so good,' he said when asked by reporters on how the meetings in Beijing went…
An escalation of tariff wars between China and the United States could dampen growth in international container shipping as operators pre-emptively brought forward business in the second half of last year, Germany's Hapag Lloyd said.'Many customers tried to get their goods through to the U…
Hamburg Süd is introducing its future use of Remote Container Management (RCM) with full transparency in real time as well as significantly increased efficiency for refrigerated transport chains.In recent months, all the reefer containers used by Hamburg Süd have been outfitted with RCM technology…
Maersk Shipping Line will add a virtual assistant — named Captain Peter — in the first half of 2019 to its remote container management (RCM) platform, which will feature a revamped design and new product features.Currently being tested by a group of select customers…
Hamburg-based feeder operator Team Lines, which belongs to the Belgian Delphis Group, will close down its business.The deteriorating market conditions in Northern Europe combined with the ongoing consolidation process in the maritime sector…
Sri Lankan customs officers on Tuesday called off a strike that left 6,000 containers stranded at the country's main port and put pressure on food prices, after the government agreed to reinstate their boss for three months.The strike by thousands…
South Carolina Ports Authority announced the strongest January on record and 12.5 percent fiscal year-over-year growth of container volume.SCPA handled 205,689 twenty-foot equivalent container units (TEUs) last month. Since the Port’s fiscal year began in July…
Georgia Ports Authority Executive Director Griff Lynch unveiled GPA's Big Berth/Big Ship program that will allow the Port of Savannah to simultaneously handle six 14,000 TEU vessels by 2024.'No other single container terminal in North America has the ability to expand berth capacity at this rate…
As the maritime industry increasingly searches for means to reduce emissions in the face of legislative mandate, from Germany comes news of a unique 'world first' project to convert the 15,000 TEU containership Sajir to LNG, resulting in an estimated reduction of CO2 emissions from 15 to 30 percent…
The Global International Orginization for Standardization (ISO) Shipping Container Market is growing at a CAGR of 8.6% during 2017-2026, said a report.According to Stratistics MRC, growth of seaborne trade, growing demand for commodities and…
Ocean Network Express Pte. Ltd. (ONE) has announced that ONE Grus, with a carrying capacity of 14,000 TEU, has been successfully delivered at Kure Shipyard of Japan Marine United Corporation. The sublet owner is Nippon Yusen Kaisha. This is ONE’s first delivery this year…
Monaco-based container shipping company Navios Maritime Containers has exercised an option to acquire a 2011-built 10,000 TEU containership from an unrelated third party for a purchase price of $52.5 million.The containership is chartered out at a net rate of $26…