International Container Terminal Services, Inc.’s (ICTSI) US$450 million perpetual capital securities issue was recently recognized as the Philippines’ best corporate bond at the The Asset Triple A Country Awards 2015. ICTSI issued last…
Continuing support from key markets across Asia helped Contship Italia Group, the leading container terminal and intermodal transport operator in Italy, to report a steady set of results for 2015.Contship Italia Group terminals handled a total of 6…
Panama-flagged container ship MSC Monica, which ran aground on the St. Lawrence River near Saint-Laurent, Quebec city, Canada on January 22, was refloated, according to the Transportation Safety Board of Canada (TSB). The 43,618 dwt container vessel was sailing from Montreal to St…
MOL (America) Inc. welcomed Ronnie Armstrong to the position of vice president, area operations. He leads MOL (America) Inc.’s vessel and equipment management, intermodal services, contract management, and cost control and planning groups for…
While the containershipping market continues to welcome a fleet of modern, mammoth efficient ships to the fold, it will struggle in 2016 with low supply growth that will test its mettle, according to a recent analysis from BIMCO.Overall, container…
MSC Monica, Mediterranean Shipping Company container vessel, ran aground on the St. Lawrence River near Saint-Laurent, between Bécancour and Levis. The box ship left Montreal and headed down the river, but suffered steering gear failure…
The Port of Indiana-Mount Vernon set a new annual shipping record in 2015 by handling over 6.6 million tons for the first time in its 40-year history. This was a 36-percent increase over 2014 and 30 percent higher than the previous record set in 1994…
Nils Smedegaard Andersen chief executive officer of A.P. Moeller-Maersk A/S said the Container volumes have picked up this year after the market suffered from sluggish growth and overcapacity in 2015, reports Bloomberg. He said 2016 beginning…
Evergreen Group founder and Group Chairman Dr. Yung-Fa Chang passed away at the age of 88 in Taipei on January 20, 2016.Dr. Chang was born in 1927. He founded Evergreen Marine Corporation in 1968 with just one secondhand general cargo vessel…
Ports America, the largest stevedore and terminal operating company in the United States, is refocusing its business strategies on the West Coast through additional investments and expansion of services into new terminals. Areas of concentration include Los Angeles…
NileDutch, the container carrier specializing in West Africa, is setto introduce a new service to link the East Coast of the U.S. with West Africa and Europe. The rotation will start in New York and the service will run every nine days. The first vessel…
Administration to serve the Port of Baltimore for another 30 years to 2045. The contract is expected to generate 2,500 jobs over the next three decades.Baltimore is the leading auto and RoRo port in North America, and WWL ranks as its top RoRo customer…
(PRESS RELEASE) ClassNK released its new structural design support system PrimeShip-HULL for Container Carriers to correspond with its latest rule amendments. To promote container carrier safety, ClassNK released amendments to its Rules and…
Mitsui O.S.K. Lines (MOL) announced launch of the new China/West Coast India service (CIS).This new service is in addition to MOL’s existing Nhava Sheva Karachi Express (NKX) service which together will enhance coverage between ports in India and China…
In light of the current shipping downturn and to demonstrate the government’s commitment to maintain Singapore as a global hub port, MPA will grant an additional 10% concession on port dues payable by ocean going container vessels carrying out cargo works with port stay of not more than 5 days…
