The largest container shipper in Taiwan Evergreen Marine Corp will work with China's COSCO Group and China Shipping Container Lines Co to launch shipping services between China and Indonesia later this month. The three partners will assign four 2…
Despite a modest recovery in earnings anticipated over the next two years, the dry bulk shipping market is not expected to return to profitability until 2017, says the latest edition of the Dry Bulk Forecaster, published by global shipping consultancy Drewry…
Cosco Pacific said it has seen no signs of a pick-up in the container leasing market, as oversupply continues to haunt the liner industry. Executive director Feng Jinhua said that the container leasing business has showed a down trend since 2012 and hovered at a low level…
Mitsui O.S.K.Lines, Ltd. today announced that, in cooperation with the Japan’s 7th Regional Coast Guard Headquarters, the company conducted a tabletop drill based on a scenario in which the cruise ship Nippon Maru, operated by its group company…
Seagull Maritime AS has launched the Container Industry Competence Standard (CICS), an assessment and training system covering container vessel operations. The program aims to bring new consistency to competency on-board containerships, following…
China COSCO Holdings disassembled four vessels including two container vessels and two bulk carriers in April 2015, with the aggregate capacity of 261.8 thousand deadweight tons. The company realized losses from the disassembly of the vessels of approximately RMB59 million (USD9 million)…
Maersk Line lost market share in container shipping in the first quarter, disappointing analysts who said A.P. Moller-Maersk's forecast-beating results on Wednesday had been helped by one-offs. While the world's largest container shipping…
Mitsui O.S.K. Lines, Ltd. received a letter of appreciation from the Paraguayan Embassy, thanking the company for providing ocean transport of used wheelchairs from Japan to Paraguay, where they were delivered to needy children. This is the…
Richmond, British Columbia, 11 May 2015 — The Transportation Safety Board of Canada (TSB) is deploying a team of investigators to Port Metro Vancouver, in British Columbia, where the container vessel MOL Precision struck the berth. The TSB will gather information and assess the occurrence…
Walter Gimbert, vice president of Troy Container Line, will retire from the company as of May 14, 2015, after more than 20 years of service, the company announced today. “An inspiration to the entire team, Walter’s imprint on the company will continue to influence the company for years to come…
FSL Trust Management Pte. Ltd. (FSLTM), as trusteemanager of First Ship Lease Trust (FSL Trust), has announced the appointment of Michael G Gray as Independent Director of FSL Trust, effective immediately. Gray is also appointed as the new…
Crewtoo, a social media platform for seafarers, has launched the Crewtoo Seafarers Happiness Index to monitor important benchmarks of seafarer satisfaction on a regular basis. The inaugural report, published today, shows a seafarer satisfaction level of 6…
Barzan, the first in a series of six 18,800 TEU container vessels ordered by UASC, was recently named at Hyundai Samho Heavy Industries (HSHI) in Mokpo, South Korea. The vessel is the first to receive classification society DNV GL’s new GAS READY notation…
Dry bulk orders have fallen to the lowest level since the 1990s to 0.4m dwt per month showing a massive 98% reduction from the 23m dwt peak in orders in December 2007, and probably the sharpest decline in recent decades. Not really a surprise…
Taiwan's Evergreen Marine Corp. is launching a new service soon to Vietnam, Singapore and Malaysia in a bid to tap into the booming economy in the Association of Southeast Asian Nations (ASEAN). Starting today (May 10), two 1,164 twenty…
