Hapag-Lloyd successfully completed the integration of UASC into the Group on 30 November 2017. At a gathering of the shipping company’s global management in Hamburg, Rolf Habben Jansen, CEO of Hapag-Lloyd AG, said in the afternoon: “Thanks…
The transaction between Oetker Group and Maersk Line for Maersk Line's acquisition of Hamburg Süd, the German container line, was closed on 30 November 2017. On 1 December 2016, Maersk Line announced its intention to acquire Hamburg Süd…
China's Cosco Shipping Ports (CSP) is launching a new berth at its joint venture container terminal - Cosco PSA Terminal (CPT) - with PSA Corporation in Singapore. The two parties inked a memorandum of understanding on Thursday for the berth…
The CMA CGM Group announced it will merge its subsidiaries MacAndrews and OPDR effective January 1, 2018., in line with the Group’s strategy to develop its intra-regional activities Headquarters will be located in Hamburg. The union between…
Mitsui O.S.K. Lines (MOL) has announced a joint success with Japan Radio and JSAT MOBILE Communications in building a network that shares data recorded in Voyage Data Recorder (VDR) by using Fleet Xpress provided by Inmarsat, a high-capacity…
Freight rates for large dry cargo ships on key Asian routes, which hit three-year highs this week, are likely to rise further on a shortage of ships available for immediate charter, brokers said. Rates for 180,000 deadweight tonne (DWT)…
Damen Shipyards Group has delivered its first vessels to Marine Core & Charter LLC (MC2), a marine services company supporting the offshore energy sector in the Arabian Gulf. This is the first transaction between the two organisations…
The Chinese container shipping company Cosco exceeded Maersk Line as the shipping company handling the most containers in the third quarter, Reuters reported quoting data from shipping consultancy Alphaliner.However, this is mainly because the Maersk group was hit by a hacker attack…
China’s COSCO (Dalian) Shipyard has delivered the subsea support vessel “Maersk Involver” to offshore marine contractor Maersk Supply Service (MSS). The 9,785 dwt vessel delivery follows the “Maersk Installer”, who was handed over in October this year…
The second Hobart class destroyer, NUSHIP Brisbane, has commenced her first phase of sea trials, which will test the ship’s hull, propulsion and navigation systems. The initial trial phase, which will occur over the coming months, will…
Two maritime pilots who defied fire to bring a burning ship to safety, averting a major maritime catastrophe, received the 2017 IMO Award for Exceptional Bravery at Sea during the 2017 IMO awards ceremony, held on Monday (27 November). Pilots Captain Michael G…
Kalmar, part of Cargotec, launches a new range of equipment designed to offer customers in the Asia-Pacific (APAC) region a value-based choice of the high quality, reliable equipment that Kalmar is known for. Based on Kalmar's proven G-generation platform…
Jim Kachidurian has been named Chief Commercial Officer of container leasing company SeaCube Container Leasing Ltd. He will report to Robert Sappio, Chief Executive Officer. Kachidurian has executive experience across a variety of financial services and transportation companies…
iCargo Alliance, a global NVOCC and LCL carrier, is joining INTTRA's network. iCargo Alliance is a global alliance network of NVOCCs with more than 30 partners, operating 170 offices in 89 countries, providing customized LCL solutions that combine all multi-modal transport options…
Hong Kong-based struggling commodity trader Noble Group will sell four dry bulk carrier vessels for about $95 million, as it looks to cut debt to keep its business running, reports Reuters. According to company statement, net proceeds from the disposal…