Xeneta, a global benchmarking and market intelligence platform for containerized ocean freight, believes that the UK’s decision to leave the European Union will impact negatively on all parties involved in the container shipping segment – from shippers…
A new regulation requiring the gross mass of a container to be verified before it is loaded onto a ship enters into force today (1 July 2016). It will assist in ensuring that the millions of containers carried on ships each year are optimally stowed…
United Arab Shipping Company (UASC) said its six shareholding states backed a merger deal with German container shipping line Hapag-Lloyd AG at a meeting on Wednesday. UASC, majority-held by the government of Qatar, said in a statement that '…
U.S. Federal Maritime Commission (FMC) Commissioner William P. Doyle issued a statement on the upcoming implementation of the SOLAS Convention’s verified gross mass (VGM) requirements: On Friday, June 24, 2016, I voted to allow the Port…
Navios Maritime Partners L.P., an owner and operator of container and dry bulk vessels, has appointed Lampros Theodorou to its Board of Directors, the company announced today. Theodorou founded Garnet & Associates Inc. in 2014 and has been Director since that time…
World No.1 container liner Maersk, Swiss peer MSC and 13 other shipping firms are set to escape possible penalties as EU antitrust regulators plan to accept their offer to end a five-year probe, three people familiar with the matter said on Tuesday…
Marine-based commissioning work is now underway at Liverpool2, with Mediterranean Shipping Company (MSC) committing vessel support to Peel Ports to help make the trial a success. Berthing and marine trials began last week with MV MSC Nederland…
A 984-foot Chinese container ship was greeted with fireworks and cheers from a crowd that had gathered, when it made an inaugural passage through the newly expanded Panama Canal on Sunday, formally launching the Central American nation's multibillion-dollar newly-enlarged Panama Canal…
16 teams, 1,000 fans and one trophy: The Hapag-Lloyd Football Tournament A great atmosphere, fans going wild in the stands and a lot of team spirit: It wasn’t just the European Championships or the Copa América that were keeping football fans on the edge of their seats last weekend…
The largest and most powerful engine from MAN Diesel & Turbo’s portfolio ever designed and built has entered service. Built by Doosan Engine in Korea and rated at 75,570 kW (103,000 horsepower), the engine is an MAN B&W 11G95ME-C9.5 two-stroke type that acts as prime mover aboard the MSC Jade…
Slowing growth in the size of the shipping fleet will reduce the shortage of officers over the coming years, according to the latest Manning report published by global shipping consultancy Drewry. The global shipping fleet – encompassing all sectors except the non-cargo carrying ship types…
The Board of Directors of Matson, Inc. has appointed Stanley Kuriyama as a director of the company, effective June 23, 2016. Kuriyama is the Executive Chairman of Alexander & Baldwin, Inc. He first joined Alexander & Baldwin in 1992, and from January 2010 until his retirement in December 2015…
Danish shipping and oil group A. P. Moller-Maersk could split up into separate companies, its chairman said on Thursday after naming Soren Skou, the head of its container business, as chief executive. Maersk shares rose more than 10 percent…
Danish shipping and oil company A. P. Moller-Maersk has appointed Soren Skou, head of its container shipping unit Maersk Line, as new chief executive for the group replacing Nils Smedegaard Andersen who has been in the job since 2007.Soren…
Moody's Japan K.K. says that its outlook for the global shipping industry over the next 12-18 months is negative. 'The negative outlook reflects our expectation that earnings will worsen, with freight rates likely to remain depressed amid ample supply…
