Container Ships News

 

Hapag-Lloyd Opens New South Europe HQ

Oct 13, 2019

German cargo container shipping line, Hapag-Lloyd AG, officially opened its headquarter for the new region.CEO Rolf Habben Jansen presented the keys of the office complex in Genoa (Italy) to the new Senior Managing Director Juan Pablo Richards…

Cleaner Air, Climate Plan for Port of Hamburg

Oct 09, 2019

Hamburg’s state government approved a large-scale expansion of shore-based power supply in the Port of Hamburg. This will create the conditions for a shift from shipboard diesel power supply to ecological electric power during lay times. With this expansion…

CMA CGM Set to Launch Guinea Gulf Express

Oct 08, 2019

French container transportation and shipping company CMA CGM plans to introduce its new product GUINEA GULF EXPRESS (GGX) service in complement of the current 6 weekly services as part of improving its  offer on the trade Europe and Mediterranean to West Africa strategic markets…

Traxens, UN Unveil Smart Container Data Standards

Oct 06, 2019

France-based developer of smart data for ports Traxens has led the development of the first standards for smart container data exchange now published by the United Nations Center for Trade Facilitation and Electronic Business (UN/CEFACT).Business…

Rotterdam Port Rolls-out Container Tracking App

Oct 03, 2019

The Port of Rotterdam Authority has launched a new container tracking application Boxinsider allowing shippers and freight forwarders to locate their containers at any given moment.Boxinsider draws on status information from container vessels and inland and deep-sea terminals…

Hapag-Lloyd Expands Indian Services

Sep 29, 2019

German-based cargo container shipping line, Hapag-Lloyd AG expects Indian container market to grow further and it launches two new services.'In response to growing demand, Hapag-Lloyd will offer more services from and to India. Two new services…

Containership Strikes Tanker in Greece

Sep 27, 2019

Japanese carrier Ocean Network Express (ONE) confirmed reports that its chartered containership ONE Blue Jay came into contact with a chemical tanker near Port of Perama, Piraeus, Greece, at around 2 p.m. local time on Thursday.'There are no reports of pollution from ONE Blue Jay…

Container Rates Fall Due To Overcapacity

Sep 27, 2019

According to Norway-based ocean freight rate benchmarking and market intelligence specialist Xeneta, long-term contracted ocean freight rates for carriers continued their downward trend this month, however by only 0.1% globally. The company…

CPLP Fixes Agamemnon with MSC

Sep 27, 2019

Greek shipping company Capital Product Partners L.P. (CPLP) announced that its vessel, M/V ‘Agamemnon’ commenced new long-term time charter with Mediterranean Shipping Company Co. S.A.The 108,892 dwt / 8,266 TEU container carrier Agamemnon was…

Moody's Downgrades CMA CGM's Rating

Sep 26, 2019

Global ratings agency Moody's has downgraded the corporate family rating of French shipping major CMA CGM due to its 'materially weaker' liquidity. The rating was downgraded to B2 from B1.Concurrently, the company's senior unsecured ratings were downgraded to Caa1 from B3…

JR Shipping Adds 2 Container Feeder Ships

Sep 24, 2019

Netherlands' short sea shipping firm JR Shipping has expanded its container feeder fleet by purchasing a vessel and entering into a new management contract.According to a press note from the Harlingen-based shipowner and manager, the two vessels were transferred to the shipping company…

India's Containerized Trade Growth Slows

Sep 24, 2019

India's container trade growth slowed to 1 percent (9% in the same period last year) in Q2 2019 on account of various factors like growing trade tensions and slump in manufacturing sector, Maersk said.'The slow down is due to a cocktail of international factors such as slowing trade growth…

Global Ship Lease Bags Refinancing Deal

Sep 20, 2019

Global Ship Lease (GSL), UK-based holding company and containership charter owner, has now settled a five-year refinancing of its debt.According to the container ship owner, the new syndicated $268m credit facility is signed with a number of…

Cosco Names New CEO for OOIL

Sep 18, 2019

Cosco-owned  Hong Kong containerline  Orient Overseas (International) Limited (OOIL)  said its chief executive Huang Xiaowen has resigned and Wang Haimin will succeed him.Executive director Zhang Wei has also resigned. OOIL said Huang and Zhang resigned due to 'work commitments…

MPC Joins Trident Alliance

Sep 17, 2019

Norwegian shipowner MPC Container Ships (MPCC) as become the latest member of Trident Alliance, a network of shipping companies and other stakeholders.CEO Constantin Baack said: 'Joining the Trident Alliance allows us to align our company with an important network of like-minded industry peers…

Logistics News

Bunge Finalizing $30 Billion-plus Merger with Viterra

Bunge Finalizing $30 Billion-plus Merger with Viterra

Business Group Urges Biden to Intervene in West Coast Ports Labor Dispute

Business Group Urges Biden to Intervene in West Coast Ports Labor Dispute

Stena Line and Port of Gothenburg Take Next Step Toward Arendal

Stena Line and Port of Gothenburg Take Next Step Toward Arendal

Capesize Spot Rates Hesitant Despite 5% Rise in Demand -BIMCO

Capesize Spot Rates Hesitant Despite 5% Rise in Demand -BIMCO

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