Hapag-Lloyd held a naming ceremony for the first of its five new vessels in its new 10,500 TEU class containerships, Valparaíso Express. Valparaíso Express was named by Rozío Gonzaléz – wife of Andrónico Luksic, Chairman of the Board of…
The worst is over for the dry bulk shipping sector, after years when too many ships chased too little cargo, yet the extent of the lost business means a full recovery is still some way off, leading ship owners said on Wednesday. Dry bulk shipping…
Sri Lanka will take part in a joint venture with China Merchants Port Holdings Company Limited to develop a port in its south, where China has also been offered an investment zone. The cabinet approved a plan under which Sri Lanka will lease…
The Greater Houston Port Bureau and the International Association of Maritime and Port Executives (IAMPE) have concluded an agreement for the IAMPE to provide industry management and executive educational programs to Port Bureau members. The…
ZIM said it will shuffle its Atlantic network, offering new connections between the U.S., Canada and the Mediterranean, starting April 2017, subject to FMC approval. ZIM Container Service Italy (ZCI) - A new premium string, offering improved service to the Italian and French markets…
Mitsui Engineering & Shipbuilding Co., Ltd. (MES) through their 100% subsidiary company, PACECO CORP., has recently delivered three (3) new automated intermodal container yard facility Cranes to TraPac Terminal at Port of Los Angeles. TraPac…
Following the sale of Hamburg Süd to Maerskfor $4 billion, VesslesValue senior analyst William Bennett has compiled a report on the top consolidated container fleets. Currently these top five fleets are worth $33.4 billion and account for 33 percent of the entire container fleet…
Maritime and logistics service provider Inchcape Shipping Services (ISS) said it has won an additional contract with Stolt-Nielsen for port agency in South Africa.Under the new agency agreement, ISS South Africa is handling the port calls of Stolt Tankers at Durban…
APL launched a new weekly service with direct connection between New Zealand and North Asian ports: the New Zealand Express II (NZ2) service.“APL introduced the new NZ2 service to serve the China-New Zealand market in a direct and more efficient way…
Forecasts and route planning tools from GAC-SMHI Weather Solutions are playing a key role in a European Union initiative to promote safer and more efficient shipping.The Sea Traffic Management (STM) Validation Project, developed by a European…
DP World will partner with a Canadian pension fund in a $3.7 billion investment vehicle that primarily looks at brownfield projects in investment-graded countries, says Drewry Maritime Equity Research. The terminal operator will retain operational control of the fund with 55 percent stake…
A formula for success – in good times and bad: Harvey Gulf International Marine hasn’t deviated from its long term plans and goals, even as the price of oil negatively impacts all sectors. Apparently, this isn’t rocket science. According to Dr…
Barry Parker dissects one the most disruptive events ever to impact the intermodal supply chain. There is more pain to come, lessons to be learned – and corrections applied. The Hanjin Shipping debacle, brewing over time and seeing a full blown eruption in late August…
The British Ports Association (BPA) has established a new Human Resources and Employment Network which met for the first time last week in London. The group has identified some key areas on which it will focus. The initial meeting brought together…
Dachser USA Air & Sea Logistics announced that shippers looking for direct access to China can now take advantage of a new weekly LCL service to Shanghai. The LCL (less-than-container-load) service offering provides a solution covering…