Container Ships News

 

Eimskip Names New CFO

Jul 16, 2021

Iceland-based shipping and logistics firm Eimskip has appointed María Björk Einarsdóttir as CFO, to take over from Egill Örn Petersen, who has decided to resign due to personal reasons. Egill Örn Petersen, who has been the CFO of Eimskip since the beginning of 2019…

U.S. Stimulus, Consumer Spending Drives West Coast Imports to New Heights

May 19, 2021

The surge in U.S. container imports continued in April when West Coast loaded imports amounted to 1.10m TEU. Imports had never exceeded this level until August 2020, and developments in the past nine months mean that April imports are only the sixth highest on record…

'Every Ship That is Available is Sailing,' Says Hapag-Lloyd CEO

Feb 19, 2021

With historically high freight rates, fleet utilization and demand, there is no end in sight for the red-hot containership market.Container shipping giant Hapag-Lloyd CEO Rolf Habben Jansen candidly said “nobody saw this coming” as “we’ve seen a spending shift from services to goods”…

Taiwan Tells Shipping Firms Not to Lift Prices amid Container Shortage

Dec 18, 2020

Taiwan's government has urged shipping companies not to unfairly push up their prices amid a global squeeze on shipping containers and a shortage of space on cargo ships, the transport ministry said on Friday.Trade-dependent Taiwan, a tech powerhouse…

China's Exports Pinched by Global Shortage of Shipping Containers

Dec 10, 2020

China's world-beating economic rebound from the coronavirus pandemic is being blunted by a global shortage of shipping containers, sending cargo costs to record highs and hampering manufacturers in filling fast-recovering global goods orders…

Insurers Discuss Container Casualty Causes

Aug 06, 2020

Handling of steel boxes throughout the shipping, ports and logistics supply chain has historically grown exponentially, putting strains on a range of operational procedures and the physical hardware employed to handle the steel boxes, particularly onboard ships…

Seaspan Selects Alfa Laval's Steam Solution

May 14, 2020

Seaspan Ship Management selected Alfa Laval to help resolve steam balance and redundancy issues connected to sulfur-compliant fuels. The solution – an integrated steam boiler plant comprising oil-fired steam production, waste heat recovery,…

Mackay Marine Open for Business in the U.A.E.

Apr 20, 2020

Mackay Marine announced the opening of its newest marine electronics service center, in Fujairah, U.A.E., located on the east coast of the Gulf of Oman.Mackay Marine–UAE provides Comm & Nav electronics sales and service to vessels in ports throughout the U…

ITIC: Brokers Should Consider Ship Valuation Wordings

Apr 14, 2020

During these unprecedented times, the International Transport Intermediaries Club (ITIC) recommends that brokers should consider stressing the current unusual market conditions in their ship valuation certificates.Following the financial crisis of 2008…

Diego Aponte: MSC CEO Offers Insight on COVID-19 Impact

Apr 06, 2020

In an open letter posted on the MSC website, MSC Group President & CEO Diego Aponte offered public comment and perspective on the COVID-19 situation for MSC's cargo business. “The spread of COVID-19 has created a public health issue unprecedented in our lifetimes…

Contracted Rates to Fall Long-term Due to Conoravirus -Xeneta

Mar 31, 2020

The container shipping segment appears to have caught coronavirus, with the industry suffering its first monthly fall in long-term contracted ocean freight rates since October 2019. According to the latest XSI Public Indices report from Xeneta…

Hapag-Lloyd Advises that Coronavirus to Slow Growth through H1

Mar 20, 2020

German container shipper Hapag-Lloyd on Friday said the coronavirus outbreak would curb business growth at least until mid-year after reporting a jump in 2019 profit and proposing a higher dividend.Larger rival Maersk on Friday also warned of…

Evergreen Line Launches New Digital Platform

Feb 26, 2020

Taiwanese container transportation and shipping company Evergreen Line has launched a new digital platform designed to provide customers with seamless booking capabilities and greater access to integrated trade services.Evergreen Line said in…

Seaspan Buys Boxships Quartet

Feb 25, 2020

Hong Kong-based owner and manager of containerships in the world Seaspan Corporation has agreed to purchase a fleet of four containerships for approximately $367 million in cash.The ships include four 12,000 TEU vessels, with three built in 2018 and one built in 2017…

Global Container Demand to Grow by 1-3% in 2020

Feb 20, 2020

For 2020, global container demand is projected to grow by 1-3%, as per forecast by A.P. Moller - Maersk.The continued weak global sentiment above all in the manufacturing sector reduces the likelihood of a material growth pick-up in 2020, although sentiment brightened a bit at the end of 2019…

Logistics News

Stena Prosperous Bunkers Methanol in Singapore

Stena Prosperous Bunkers Methanol in Singapore

Green Marine Lays Foundation for its New Global Structure

Green Marine Lays Foundation for its New Global Structure

Dredging of Suape’s Outer Channel Completed

Dredging of Suape’s Outer Channel Completed

Senate Environment & Public Works Committee Passes WRDA 2024

Senate Environment & Public Works Committee Passes WRDA 2024

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