GT USA welcomed to the Canaveral Cargo Terminal (CCT) the M.V. Seatrade Red on its maiden call to the United States. The 607-foot M.V. Seatrade Red, a specialized reefer container vessel with a capacity of 2,259 TEUs and 674 reefer plugs…
The multipurpose shipping market will see the first signs of recovery by the end of 2017, following in the steps of the dry bulk and container shipping markets, according to the latest Multipurpose Shipping Market Review and Forecaster report published by global shipping consultancy Drewry…
A report forecasts the global container fleet market to grow at a CAGR of 3.19% during the period 2017-2021. The report says key vendors in the market are Maersk, CMA CGM & MSC. To calculate the market size, the report by Research and Markets…
Average dwell times at San Pedro bay container ports for November are in and there has been a decrease once again. This improved efficiency is good news as the percent of containers exceeding five days also decreased, while container throughput…
Operating cost movements are central to shipping’s fortunes. Shipping has certainly lived up to its reputation for volatility during the past twelve months. The quarterly Moore Stephens Shipping Confidence Survey showed industry confidence…
For liner operators, light at the end of a tunnel, for owners, just another train At the behest of their backers, tonnage providers are being forced to exchange hope for action, while for operators the worst may just be over, says Maritime Strategies International (MSI)…
Hyundai Merchant Marine (HMM) said it has signed an agreement with intra-Asia trade carriers Heung-A Shipping and Sinokor Merchant Marine to form a container shipping alliance called the HMM + K2 consortium.The HMM + K2 consortium, which…
2017 will see another year of die-hard competition, which now includes tankers, says International shipping association Bimco. The shipping industry has its work cut out going forward in 2017 as the International Monetary Fund (IMF) forecast the lowest level of global GDP growth since 2009…
Bankrupt South Korean shipping company Hanjin will sell its operations of the Port of Seattle’s Terminal 46 to Switzerland-based Mediterranean Shipping COmpany (MSC) subsidiary Terminal Investment Limited (TIL), reports AP. The Seattle Times…
What does it take to become – and Stay – a World Class Port in a Post-Panamax world? The South Carolina Ports Authority thinks it has the answers. In late October, the South Carolina Ports Authority (SCPA) reported year-over-year growth during the first quarter of its 2017 fiscal year…
The port of Antwerp will close 2016 with an expected record volume of more than 214 million tonnes of freight handled. The shipping container volume for its part has risen above 10 million TEU (twenty-foot equivalent units, i.e. standard containers) for the first time in the history of the port…
A new record has been set for the number of containers transported to the Container Terminal at Frihamnen. Never before have so many containers been transported by sea directly to the strongest growing capital city region in Europe and Sweden's largest consumer market…
Euroseas Ltd., Greek owner and operator of drybulk and container carrier vessels and provider of seaborne transportation for drybulk and containerized cargoes, announced that it took delivery of the M/V RT Dagr, a 1,645 teu feeder containership built in 1998…
From a boy who wanted to be a swashbuckler like Errol Flynn to a Maine Maritime graduate to hopping aboard a grain ship bound for Egypt, Captain Theodore “Ted” Bernhard has led a quintessential maritime life. A ship driver with 37 years of maritime experience…
Hector Rail and Samskip have agreed to develop their partnership on Sweden and the continent further. As of the 1st of January six round trips per week between Helsingborg in Sweden and Duisburg in the Ruhr area in Germany, via Copenhagen in Denmark…
