Global Ship Lease, Inc., Poseidon Containers Holdings LLC and K&T Marine LLC has announced that they have entered into a definitive merger agreement for a stock-for-stock transaction representing a total transaction value of over $780 million…
Matson has launched its new direct U.S. flag service between Honolulu and the Republic of the Marshall Islands ('RMI'), reducing cargo transit times to the RMI from the U.S. mainland by as many as eight days. The new service will call at three ports in the RMI - Kwajalein…
ONE container shipping group’s first containership in novel magenta livery calls in HamburgWith her striking magenta color design, she’s a real eye-catcher in the Port of Hamburg. With a length of 320 meters and slot capacity of 8,102 TEU (20…
DP World's shipping container volumes in Dubai fell 6.7 percent in the third quarter, with the port operator warning on Tuesday that the near-term outlook for Dubai's major Jebel Ali Port remained challenging.DP World operates Dubai's Jebel Ali…
There is still a lot of space in the logistics sector to use digitization to achieve more transparency and, particularly, more efficiency.ABN AMRO, the Port of Rotterdam Authority and Samsung SDS, the logistics and IT arm of Samsung, have joined…
The Port of Liverpool welcomed a vessel call from COSCO on Wednesday.The MV Jork called at Liverpool after a stop in Rotterdam before returning with U.K. exports. In Liverpool it unloaded mainly high value Asian goods for fast delivery into the supply chain across the U…
French shipping group CMA CGM has obtained a further 4.56 percent stake in CEVA Logistics AG , the Swiss transport group which rejected a bid from Denmark's DSV, Ceva said on Wednesday.'The company has further been informed that CMA CGM entered…
A CMA CGM containership plowed head-on into a pier at India's largest container port on Saturday, causing visible damage to the dock.The 336-meter, 10,000 TEU CMA CGM Mumbai reportedly lost steering while attempting to berth at the Jawaharlal Nehru Port…
Global container carrier Hapag-Lloyd has appointed Poseidon Navigation Services Ltd as the supplier of all Chart Management Services for the fleet managed by Hapag-Lloyd Hamburg.The appointment, announced after an in-depth evaluation process…
Japan's Ocean Network Express (ONE) and Germany's Hapag-Lloyd have agreed to share space on their feeder services.As the first step, the cooperation will cover specific Intra-Europe (BAX, NBS, NPX, REX, SDX, ADX, LEX) and Intra-Asia (BHX, HAS…
The European Commission approved on Friday the expansion of a Danish scheme to tax shipping companies on their tonnage, the EU executive said in a statement.Under the so-called tonnage tax schemes, shipping companies pay taxes on the basis of…
The Port of New Orleans (Port NOLA) welcomed its largest containership ever when the CMA CGM operated Pusan C, a 9,500 twenty-foot-equivalent unit (TEU) vessel, called on October 8 at the Napoleon Avenue Container Terminal operated by Ports America…
The Panama Canal closed its 2018 fiscal year with a record tonnage of 442.1 million Panama Canal tons (PC/UMS), which represents a 9.5 percent increase from the previous year, the Panama Canal Authority reports.With this tonnage, the Panama Canal surpasses the cargo projections of 429…
French shipping company CMA CGM has no plans to launch a full takeover for Ceva Logistics after the Swiss transport company on Thursday said it had rejected a $1.5 billion takeover offer from a third party.CMA CGM, Ceva's biggest shareholder with a 25 percent stake…
Maersk Oil Trading has leased oil storage space in Singapore, signalling a push by one of the world's biggest ship fuel buyers into the Asian bunkering hub ahead of changes to global fuel standards from 2020, trade sources said.Maersk Oil has taken storage at the Tankstore oil terminal in Singapore…