Honolulu-based Pasha Hawaii said the company narrowed its selection to two U.S. shipyards for the construction of two new Liquefied Natural Gas (LNG) fueled containerships, with the option to order two additional vessels. Contract specifications are expected to be finalized by the end of the month…
Shares of U.S. shipping companies shot higher again on Wednesday, causing volatility halts in a number of stocks and raising questions among investors and analysts over the extent of their sharp post-election rally. The jump in share prices…
At 104.9 million tons, total seaborne cargo throughput for the first three quarters of 2016, covering general and bulk cargo segments, was up 0.3 percent on the previous year.“Seaborne cargo throughput in the Port of Hamburg has stabilized…
Governor Terry R. McAuliffe announced that The Port of Virginia will finalize the $217 million contract with Konecranes for that company to build and deliver 86 specialized cranes that will be at the center of the port’s expansion projects at…
October container volumes were down 6.2 percent at the Port of Long Beach compared to the same month last year, as the fallout from the Hanjin bankruptcy continues to settle.According to the port, a total of 581,808 twenty-foot equivalent units (TEUs) moved through docks last month…
Engineering firm Hy-Dynamix has teamed up with Dynamic Load Monitoring (UK) Ltd (DLM) to build new wireless reporting technology into its portable container weighing solution, the Hy-Weigh. The four-corner hydraulic jack system, launched in May…
As peak cargo season continues, the Port of Virginia is adding to its record books. In October, the port handled 238,567 TEUs (twenty-foot equivalent units), making it the single-busiest month in the port’s history.In comparison with last October…
Cargo volumes at the Port of Los Angeles increased nearly 16 percent in October compared to the same period last year, marking the busiest month ever at a Western Hemisphere container port, according to data collected by the American Association of Port Authorities (AAPA)…
OPDR, as part of the CMA CGM Group, has revised three of its established services connecting Morocco with Northern Europe and Russia: AGAX, DUNKRUS and CISS. Just in time for the Moroccan citrus export season, the services meet the increased…
German container shipping group Hapag-Lloyd reported a rise in third-quarter net profit and said it would press ahead with cut costs and seek economies of scale to cope with the worst downturn the industry has ever seen.Net profit at the Hamburg-based firm came to 8…
A record year for containership demolitions in 2016 has helped suppress total fleet growth close to the rate for demand. To repeat that feat the scrapping record will need to be smashed again, and again.There are multiple ways to measure the vitality of the container industry…
Liebherr Maritime Cranes recently delivered a new mobile harbor crane, type LHM 550, to the Port of Helsingborg. In addition, Container Terminal St. Petersburg got two machines of the same type. All three machines are equipped with electric prime movers…
North P&I Club has helped restore the commercial balance between shipowners and cargo interests by successfully supporting a Member in its appeal against a UK High Court decision (10 November 2016). The Court of Appeal overturned the March 5…
The shipping industry faces a stormy road to recovery, with uneven supply/demand trends set to test the nerve of investors and operators, according to independent research and consultancy firm Maritime Strategies International (MSI).Addressing the Hansa Forum in Hamburg…
UK P&I Club has been advised of a number of incidents involving white powder deposits being found on food cargoes that have been transported in refrigerated containers.The presence of aluminium oxide/hydroxide, which appears as white powder deposits on food cargoes…
