Effective August 1, 2013, Mitsui O.S.K. Lines, Ltd. will begin operating in Canada as MOL (Canada) Inc. MOL (America) Inc. and Montship, Inc. today jointly announced that their liner agent agreement will expire on July 31, 2013. Montship…
Greece's Paragon Shipping Inc. obtains a $69-million credit facility with China Development Bank to partially finance its two 4,800 TEU containerships currently under construction.The two container ships on order are expected to be delivered in the second quarter of 2014…
The 3600 TEU container ship, built under the supervision of Navgathi Marine by Hyundai Sambo delivered to Pacific International Lines.Hanjin Argentina is the third of a series of four such vessels ordered by Pacific International Lines of Singapore from the S…
U.S.-flagged container ship ‘National Glory’ kicks off the new service when she departs Houston for San Juan May 29, 2013.The new 14-day service, which is being provided by National Shippers of America (NSA), is called 'Isla Verde Express'…
Hamburg Süd’s performance in brief Following the powerful recovery of the world economy in 2010 and a weaker 2011, global growth continued in the past financial year, albeit at a slower pace. Against this backdrop, container shipments increased once again…
The companies agree that INTTRA will support APL’s global e-commerce growth strategy, as well as enhance its global customer service offerings.With more than two million container orders initiated on the INTTRA platform each month, INTTRA…
Panama City, Panama, May 14, 2013 – Maersk Line CEO Søren Skou visited the Panama Expansion construction site accompanied by Panama Canal Administrator Jorge L. Quijano during his recent trip to Panama. Skou and other Maersk Line executives…
Import volume at the nation’s major retail container ports is expected to increase 3.3% in May over the same month last year but growth could trickle to a standstill by the end of the summer, according to the monthly Global Port Tracker report…
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…
