Ship operators Bernhard Schulte & US banking institution JP Morgan have come together to order a series of medium-size boxships in China.Zhejiang Yangfan Group will construct up to eight 2,300 teu boxships for the pair in a four plus four option deal with deliveries scheduled in 2014 and 2015…
Maersk Line cuts further capacity on the Asia-Europe trade on low demand, cuts AE5 service permanently & suspends the AE9 service.“We do not expect volume growth on the Asia-Europe trades this year so there is currently no need for the number of ships sailing”…
SHIPPINGInsight Fleet Optimization Conference kicks off as Maitland weighs in on how best to profitably operate a ship. He says, 'It's all about the Choices.' Here we are, early in the morning, before the coffee has kicked in, and I am tasked with a “keynote speech”…
Maersk Line is extending its total container ship transportation time promise to six more routes: from Jakarta (Indonesia) or Laem Chabang (Thailand).The routes are to Bremerhaven (Germany), Rotterdam (The Netherlands) or Felixstowe (UK). (Bookings for this service will commence 8th October 2012)…
Port Of Antwerp seeks to further consolidate market share with representative visits to Chicago, Houston & Montreal.When it comes to trade with North America, Antwerp has the largest market share of any European port. To consolidate and further extend its market share in this region…
The partners of the G6 Alliance will underline their commitment to the Scandinavian market and start a dedicated G6 feeder shuttle to Gothenburg. The service will provide coverage for the time of the temporary winter suspension of Loop 3.The…
The New Zealand Government & Daina Shipping Company settle amount due arising from the container ship's grounding on 5, October 2011.Keith Manch, Director of Maritime New Zealand, confirmed that Daina Shipping Company will pay $27.6 million…
SA Singapore Terminals (PSA) invests in infrastructure & the latest port technology to develop Phases 3 and 4 of its Pasir Panjang Terminal (PPT). PPT Phases 3 and 4 will feature an automated container yard equipped with proprietary intelligent planning and operation systems…
Region’s first semi-automated terminal relies on SPARCS N4 to handle next generation container ships & higher rates of container exchange.Navis, a part of Cargotec Corporation, announce that Khalifa Port, located in Abu Dhabi, UAE, has successfully…
Clay Maitland is a ubiquitous figure in the global shipping circuit, never shy to share his accrued maritime experience of more than 40 years, ask the tough questions or supply the blunt opinion. Set to celebrate his 70th birthday later this year but not slowing a step…
According to a report in the Wall Street Journal, A.P. Moller-Maersk A/S is set to address the continued sluggish global trade numbers by reducing its capacity and raising rates, in addition to more slow-steaming measures to reduce the near…
Total annual operating costs in the shipping industry increased by an average 2.1% 2011, driven by crew costs, reports Moore Stephens The findings are set out in OpCost 2012, Moore Stephens’ unique ship operating costs benchmarking tool…
Troy Container Line, one the world’s largest American-owned NVOCCs, announce a new partnership with International Forwarding S.L. (IFS) of Spain. Founded in 1984 as a Non-Vessel Operating Common Carrier (NVOCC) Troy has become one of the largest companies in its industry…
42% of Maersk Line’s customers on the flagship “Daily Maersk” product between Asia and Northern Europe report direct savings on logistics costs. In 2011, Maersk Line launched Daily Maersk, providing customers with a ‘conveyor belt’ service between selected ports in Asia and Northern Europe…
AAPA Chairman Testifies Before Senate Committee on Water Resources Development Act; Testimony emphasizes importance of investment in waterside infrastructure. Jerry Bridges, the American Association of Port Authorities’ Chairman of the Board and Executive Director of the Virginia Port Authority…