Cavotec wins order to supply 18 MoorMaster automated mooring units for a Mediterranean Sea port.MoorMaster is a vacuum-based automated mooring technology that eliminates the need for conventional mooring lines. Remote controlled vacuum pads recessed in…
Capacity utilization analysis is a critical factor in determining both long-term contract freight rates & short-term spot rates for fully cellular vessels.PIERS announce it has issued an exclusive report titled 'The PIERS Capacity Utilization Report: Full year…
Container ship traffic: Chennai Port in SE India is going all out to regain top position.Work on the Chennai Port Mega Terminal Project is expected to start shortly and the first ship would be berthed in three years at the new terminal, according to Atulya Misra…
US Dept of Homeland Security develop a 'Container Security Test Bed' to facilitate research on container surveillance.The DHS Science and Technology Directorate (S&T) and its Transportation Security Laboratory (TSL) in Atlantic City, NJ, have…
Global Marine & Container Terminal Operation Industry market research report available.Extracts the IBISWorld report follow:Over the long term, IBISWorld projects that trends towards globalization, complex international supply chains…
Singapore's Neptune Orient Lines (NOL) Group reports US$57 million Year-on-Year improvement in Core EBIT.Excerpts from the financial report follow:NOL Group report second quarter 2012 Core EBIT (Earnings Before Interest and Taxes) of US$16 million…
The Drewry Hong Kong-Los Angeles container rate benchmark, soared by 17.5% to US$2,452 per 40ft container this week.Last week’s Drewry transpacific price benchmark dated 1st August increased by just $71 per 40ft container from levels in the previous week…
The container equipment fleet grew by 8.5% during 2011, taking the global fleet to 31.25 million teu, compared to a 7% growth in 2010. This was better than expected as demand for newbuilds suffered a knock from the second quarter of 2011 onwards…
As costs of bunker fuel, logistics and M&R continue to rise to record levels and to close the gap between breakeven and market rates, CMA CGM has decided to file a Rate Restoration Initiative (RRI) for reefer containers from the United States to Asia…
'MSC Flaminia', fire still smouldering in No. 7 hold, boarded again after foul weather in UK Western Approaches.The ship managers report as follows:Thanks to improving weather conditions, a team of firefighting experts is able to board MSC FLAMINIA and continue the salvaging efforts today…
Horizon Lines receives top honors in 'Quest for Quality' award, ranked first by customers for outstanding service. Horizon Lines, Inc., one of the nation's leading domestic ocean shipping companies, has been honored for the fourth consecutive…
Conditions will eventually improve for the industry over the next five years according to IBISWorld's market research.Excerpts from the synopsis provided follow:The report says that after years of easy growth, life became more difficult for operators in the industry in the second half of 2008…
Employees at APM Terminals Mumbai achieved 500 Safe Days, without any Lost Time Injury (LTI), setting a record at the Jawaharlal Nehru Port (JNPT) at Nhava Sheva.APM Terminals globally lays a lot of emphasis on Safety at terminals and the…
China's shipping industry grapples with recession caused by waning demand & higher costs, & many small businesses are facing bankruptcy.The Ministry of Transport said that In the first six months, turnover at ports increased 7.2 percent year on year to 4…
A new research report confirms the Asia-Europe product 'Daily Maersk' continues to lead competitors in reliabiltiy ratingsThe report, a joint effort between ecommerce network provider INTTRA and container shipping analyst SeaIntel, examined…