Hull modules for the huge container ships are being built in Shandong and delivered by barge to South Korea' Daewoo Shipbuiding yard.Twenty of the ships, which can each carry 18,270 20-foot containers and at 399.25 metres long, are being built…
Officials said seven are dead and two missing after the containership Jolly Nero crashed into a control tower in the Italian port of Genoa late Tuesday night.Rescue workers continue to search the rubble for survivors while divers scour the surrounding waters…
Maersk Line has purchased & is reflagging 8 newer and larger containerships to upgrade services provided to its U.S. military, government and commercial customers.MLL's investment of approximately half a billion dollars in eight vessels will…
On Thursday, May 2, 2013, Reederei Hamburger Lloyd took command of the third of four 4,600 TEU Containership Newbuildings (hull No. H1025A) from CSSC Shanghai, Jiangnan Changxing Heavy Industry Co., Ltd. Another vessel of the same type (No. H1026A) is expected to follow in August this year…
China Shipping Container Lines Co. orders the world’s biggest container ship, taking over the title from Maersk Line.Hyundai Heavy Industries Co. will build five vessels each capable of carrying 18,400 20-foot containers for $700 million for China Shipping…
Indonesia’s ambitious plans for the new port of Tanjung Sauh seem not to regard Singapore's transhipment dominance.Singapore’s relentless cargo growth of 5.7% last year, up to 31.6 million TEU, indicates that it is still catering well to customers’ transshipment needs…
Ocean carriers cannot afford to operate services from Asia to Europe at rates which are between 25% and 30% lower than in January, says Drewry.Although the recent collapse of rates was excessive, it will not be reversed until carriers withdraw…
Attempts by carriers to tackle the capacity overhang are being undone as new orders for Ultra Large Container Vessels (ULCVs) continue to make the headlines, according to Drewry’s monthly report Sea & Air Shipper Insight.The news that China…
First quarter 2013 net loss amounted to US$ 20.1 million, while rate, net of fuel, increased 1.9% & adjusted EBITDA was up 25.7% from a year ago.Sam Woodward, Horizon Lines' President and Chief Executive Officer said:'The positive factors…
Maersk Line hires Stephen Richard Schueler as Chief Commercial Officer, effective as of 27 May, 2013.Richard Schueler, 46, joins Maersk Line from Microsoft Corporation where he was head of global retail sales and marketing. Prior to Microsoft…
China Shipping Industry (Jiangsu) has begun construction of the largest container ship yet to be built in China.The 10,000TEU container ship is being built for China Shipping Container Lines Co., Ltd. (CSCL) which the shipbuilders describe…
Ultrapetrol (Bahamas) Limited, an industrial transportation company serving marine transportation needs in three markets (river business, offshore supply business and ocean business), announced the appointment of Ms. Cecilia Yad as the Company's Chief Financial Officer…
Estimates by the Port Development Council show container volumes through the 9 Kwai Tsing container ports fell 5.9 per cent in March.While the month-long dockers strike is costing Hongkong International Terminals a reported HK$5 million a day…
Pirates attacked the German-owned Liberian-flagged container ship 'Hansa Marburg' off the coast of Equatorial Guinea.Citing the Hamburg-based shipping firm Leonhardt and Blumberg, owners of the vessel, Reuters report that the the four hostages - two Ukrainians…
The Board of Directors of leading US carrier in the Pacific, Matson Inc., declares its second quarter cash dividend of $0.15 per share.'I am pleased to announce that our Board of Directors have authorized our second quarter 2013 dividend,' said Matt Cox…
