Germany's HSH Nordbank has arranged a deal which will see six container ships from collapsed South Korean line Hanjin chartered out to Denmark's AP Moller Maersk, the state-backed lender said on Thursday. This is one of the first examples…
Other container shipping firms may join Hanjin Shipping Co Ltd in receivership before the industry emerges from its current shakeout, the vice chairman of world number three player CMA CGM said on Wednesday.South Korea's Hanjin filed for protection from creditors in late August…
The Panama Canal Authority (ACP) has entered into a Memorandum of Understanding (MOU) with major UK ports operator, Peel Ports, who own the Port of Liverpool, as the latter gears up for the formal opening of its Liverpool2 container terminal in early November…
DP World Limited handled 47.5 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals during the first nine months of 2016, with gross container volumes growing by 2.2% on a reported basis, and up 1.0% on a like-for-like basis…
Oman Ship Management Company (OSC) hosted a high-level conference in Mumbai for senior officers following a rapid rise in crew numbers. The ‘Seafarers’ Safety Conference’ was a platform for Oman Shipping Company’s subsidiary Oman Ship Management…
The proposed OCEAN Alliance between several of the world’s largest container shippers has received approval from the U.S. Federal Maritime Commission (FMC), allowing it to become effective Monday, October 24, 2016. The OCEAN Alliance, comprising COSCO Shipping…
In order to offer shippers a more comprehensive service on Asia-Australia trade, Evergreen Line, OOCL, MOL, 'K' Line and YML are teaming up to offer a new joint North East Asia - Australia Express (NEAX). This weekly service will utilize six ships of between 3…
The Port of Seattle has completed the environmental analysis of Terminal 5 and has prepared the Final Environmental Impact Statement (FEIS) on the project to modernize the cargo-handling facility in order to serve larger cargo vessels. The proposed upgrades to Terminal 5 are wharf rehabilitation…
South Carolina Ports Authority reported year-over-year growth during the first quarter of its 2017 fiscal year. SCPA handled 162,858 twenty-foot equivalent units (TEUs) in September. First quarter TEU volumes were up 1.4 percent over the same period last year…
International accountant and shipping consultant Moore Stephens says total annual operating costs in the shipping industry fell by an average of 2.4% in 2015. This compares with the 0.8% average fall in costs recorded for 2014, and is the…
More than 200 global key leaders from all parts of the maritime value chain will meet in Copenhagen for the Danish Maritime Forum on October 26-27. Together they will discuss the most significant challenges and opportunities that lie ahead for the global economy…
OPDR, as part of the CMA CGM Group, has announced the introduction of its new PENN service. Via Rotterdam, the service connects Continental Europe with the United Kingdom and Norway. Short transit times and highly modern 45ft pallet wide high cube reefers provide best conditions for customers…
GAC’s Global Husbandry Centre (GHC) is now operating 24 hours a day, seven days a week – in response to the growing demand from its shipping principals.The GHC serves as a single point of contact for global clients, coordinating a range of services including crew handling…
ZIM has launched an additional Asia-Pacific Northwest Service, CEN – (China Express Northwest service) with the following rotation: Xingang – Qingdao – Shanghai – Prince Rupert – Xingang. According to ZIM, CEN is the only Pacific Northwest service in the market to call Xingang directly…
Liebherr Maritime Crane has delivered the largest mobile harbor crane of the Caribbean to Kingston Wharves Limited in Jamaica. The LHM 600 is equipped with an elongated tower extension and eases the handling of big container vessels up to Super-Post-Panamax size…
