Mitsui O.S.K. Lines (MOL) plans to further promote 'MOL Project & Heavy Cargo,' its brand for plant/heavyweight cargo transport services. The MOL Group will expand 'MOL Project & Heavy Cargo' activities in both Asia and Europe to enhance…
The global marine freight industry has struggled in recent years, suffering from a negative compound annual growth rate (CAGR) of 3.3 percent between 2012 and 2016 amid an increasing oversupply and a collapse of global demand, according to research firm MarketLine…
Vietnam National Shipping Lines (Vinalines) and Vietnam National Coal - Mineral Industries Group (Vinacomin - TKV) signed a memorandum of understanding (MoU) for a strategic co-operation agreement, Viet Nam News reported. As per the agreement…
CMA CGM, the world's third-largest container line, swung back to a net profit in the fourth quarter of last year, supported by a recovery in freight rates and efficiency measures taken during a prolonged downturn in shipping, the company said…
The members of THE Alliance announced a contingency plan in the event a member of THE Alliance suffers a bankruptcy. The five member lines Hapag Lloyd, K Line, Mitsui OSK Lines, Nippon Yusen Kaisha and Yang Ming will establish an independent…
A truly global hub and still arguably the center of Asian trade and logistics, Hong Kong nevertheless faces many challenges.… the Port of Hong Kong saw in 2016 its lowest TEU throughput for more than a decade. Not even a late surge in throughput…
Logistics company Santos Brasil Participações SA has confirmed the termination of a contract to move containers for the ESA consortium of shipowners at the port of Santos, according to a statement sent to Reuters on Thursday. Santos Brasil…
Eli Glickman has been nominated by ZIM Integrated Shipping Services’ board of directors as the container carrier’s new president and CEO. Glickman will assume the role July 1, replacing current CEO Rafi Danieli, who last year advised that he would be stepping down…
Maersk Line has ordered the first 100 of a total of 200 refrigerated containers to be chilled by Carrier Transicold’s NaturaLINE natural refrigerant based system. Carrier Transicold is a part of UTC Climate, Controls & Security, a unit of United Technologies Corp…
Crowley Maritime Corp. and Eagle LNG Partners have started to build a new shore-side liquefied natural gas (LNG) facility on Crowley-leased property at JAXPORT’s Talleyrand Marine Terminal in Jacksonville, Fla. The new LNG bunkering facility…
The outlook for global container carriers remains rocky at the outset of 2017, according to a new study by AlixPartners. Hanjin Shipping Co.’s bankruptcy in 2016 sent shock waves through the industry, while Brexit and the new U.S. administration’s…
It comes as no surprise that the world’s top 10 container ports by TEU volume are all located in Asian countries. Seven of those top ports are Chinese, with Shanghai leading the way with 36.54 million TEU in 2015, according to data compiled by the World Shipping Council…
IBM and Danish transport company Maersk said they were working together to digitize, manage, and track shipping transactions using blockchain technology. The technology, which powers the digital currency bitcoin, enables data sharing across a network of individual computers…
MarineNews and Maritime Logistics Professional Editor Joseph Keefe on Thursday spent ten minutes with Oregon Public Broadcasting to discuss the fate and the future of Oregon's only deep water port. Listen in to find out more. As ICTSI Oregon…
Diana Containerships Inc., through a separate wholly-owned subsidiary, has entered into a time charter contract with Orient Overseas Container Line Ltd. (OOCL), Hong Kong, for its 5,576 TEU Post-Panamax container vessel m/v Great built in 2004…
