Container volumes from North Europe and the Mediterranean to the East Coast of South America have now fallen in 26 of the previous 28 months, with the latest statistics from Datamar showing that shipments fell by 8% year-on-year in July.It…
A lawyer for Hanjin Shipping Co Ltd , the failed South Korean container carrier, said on Thursday a U.S.-bound vessel was held 'hostage' by disputes over payments, adding to the struggles in getting $14 billion of cargo off its ships stranded at sea…
Port of Long Beach container throughput lagging behind record-setting 2015 August exports surged 14.8 percent through the Port of Long Beach compared to the same month in 2015, but lower imports drove overall volumes down, the port reported…
INTTRA, the world's ocean shipping electronic marketplace, today announced that Philly Teixeira has joined INTTRA to serve in the newly created role of President, EMEA. Based in Copenhagen, Ms. Teixeira is responsible for INTTRA's EMEA financial…
Matson, Inc. announced the issuance of $200 million in privately placed 15-year final maturity senior unsecured notes pursuant to a previously announced commitment letter on July 18, 2016. The notes will have a weighted average life of approximately 8…
Seaspan Corp chairman and ceo Gerry Wang has described the bankruptcy of South Korea’s biggest container line Hanjin Shipping Co as the industry’s equivalent of the Lehman Brothers collapse that triggered the global financial crisis, reports Bloomberg…
Global container terminal operators are changing gear – and strategies – as the nature of their market environment changes markedly due to slowing growth, bigger ships and larger liner alliances. Drewry’s latest Global Container Terminal…
South Carolina Ports Authority (SCPA) reported its strongest August container volumes on record. SCPA handled 180,153 twenty-foot equivalent units (TEUs) in August, a year-over-year increase of 5.6 percent. Previously, SCPA’s strongest August on record was 170…
Responding to the unexpected service disruption caused by CKYHE alliance member Hanjin Shipping, which has entered rehabilitation proceedings, Evergreen Line has added new functions to its online e-commerce system.The service disruption…
Global container terminal operators are changing gear – and strategies – as the nature of their market environment changes markedly due to slowing growth, bigger ships and larger liner alliances.Drewry’s latest Global Container Terminal…
A U.S. judge said on Friday he will grant Hanjin Shipping Co Ltd provisional protection from creditors in the United States, enabling some vessels to dock and unload at U.S. ports. South Korea's Hanjin asked U.S. Bankruptcy Judge John Sherwood…
Import cargo volume at the US’ major retail container ports should be at near-peak levels this month even as retailers work to cope with the Hanjin Shipping bankruptcy, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates…
The Port of New York & New Jersey, in partnership with the U.S. Army Corps of Engineers, has completed a $2.1 billion Main Navigation Channel Deepening Program in order to facilitate the next generation of larger containerships calling the port following the expansion of the Panama Canal…
In an effort to take energy efficiency to the next level, the Hamburg Süd subsidiary Columbus Shipmanagement GmbH (CSG) and INTERSCHALT maritime systems GmbH, the software provider for cargo operations and fleet performance, concluded a contract…
ZPMC North America has supplied the first new ship-to-shore (STS) cranes ever purchased by Port Tampa Bay, the second delivery to be commissioned by ZPMC’s dedicated North American service group. ZPMC Crane Services, the U.S. service subsidiary of leading heavy industries brand ZPMC…
