ABS announced its participation in the World Shipping (China) Summit 2015, November 5-6, in Guangzhou, China, where ABS Senior Vice President and Chief Technology officer Howard Fireman spoke about changes in the global shipping industry.In…
In terms of geography, North America dominates the global container shipping market . This is due to improved transportation services in this region, says a report from Persistence Market Research. The U.S. represents the largest market…
CMA CGM has teamed up with French wooden toy manufacturer VILAC to launch a wooden toy containership for children. The toy will be branded with both CMA CGM and VILAC containers. It was designed by CMA CGM and will be sold by VILAC. This…
Dockworkers in the Portuguese ports of Lisbon, Setubal and Figueira da Foz will go on a 10-day strike starting Nov. 14 to protest at a potential end of collective bargaining agreements, the stevedores union said in a statement.The ports to be affected by the strike are the third…
Wells Fargo Securities says that headwinds face global shipping industry and the continued overcapacity means freight rate gains are less likely to stick. 'Given the continued overcapacity headwinds and easing containerized trade demand…
Maersk Line, the world's largest container shipping company, said on Wednesday it will slash costs, cut staff by almost a fifth and pull out of vessel orders as trade along the busiest routes in the world, from Asia to Europe, slows down. The business…
Rickmers Group will migrate to multiband VSAT (Very Small Aperture Terminal) from Marlink Maritime VSAT for its fleet of 90+ vessels including containerships, bulk carriers and heavy lift vessels, in a move that aims to improve operational…
Seaspan Corporation, a large owner of containerships that charters vessels to liner companies, improved its revenue as well as net result in the first nine months of 2015, a development mainly attributed to new ships delivered this year, notes management…
Shipping company NYK announced it has switched the coffee served inside its head office reception rooms to a brand carrying the International Fairtrade certification mark. More than 50,000 cups of coffee are served in the NYK head office reception rooms every year…
Though raised in Germany’s industrial heartland, Philipp Wallutis has chosen to pursue a life at sea. Currently a second officer on board a Hapag-Lloyd ship, he might one day proudly wear the four stripes of a captain. Never let it be said…
Wreckage found on the ocean bottom off the Bahamas has been confirmed by the National Transportation Safety Board to be the lost cargo ship El Faro, which sank with 33 crew aboard October 1. Wreckage consistent with the 790-foot El Faro was discovered upright and intact by a U…
UPS announced plans to construct a new 32,000-square-meter package sorting and delivery facility at the DP World London Gateway logistics site in the south east of England. At close to $184 million, this project constitutes one of UPS’s largest…
A U.S. Navy salvage team prepared on Sunday to launch a remotely operated submersible to confirm that wreckage discovered near the Bahamas was that of the cargo ship El Faro, lost in a hurricane last month along with its 33 crew members. The…
Senior executives from Italy’s La Spezia Container Terminal - Contship Italia Group, wrapped up a whirlwind tour of key supply chain hubs in South East Asia and China this week with a presentation and networking event in Shanghai. The…
While, weak spot prices and higher futures prices created demand for oil tankers has boomed, bulk carriers have been hit by massive overcapacity, as Chinese demand for such commodities has collapsed, says latest report from the Economist. The…
