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…
Port of Houston Commission to negotiate a contract for the purchase of 4 new electric cranes for Barbours Cut Container Terminal.Demonstrating continued investment in infrastructure improvements to better serve customers, the Port Commission…
The United Arab Shipping Company (UASC) announce two senior executive appointments to further position the company for its next phase of growth. The company says its major transformation and investment program which is underway, calls for a new operating model to support the business…
The modification of two Maersk shipping routes to pass through the Suez Canal rather than Panama is temporary, says a Maersk spokesman.The diversion from the Panama Canal to an alternate route has contributed to a decline in revenue for the canal administration…
Horizon Lines relocated its Northeast port of call from Elizabeth, New Jersey to Philadelphia, to mark another milestone for the Port of Philadelphia. Led by Governor Tom Corbett and political and business leaders from across the region, the Packer Avenue Marine Terminal welcomed Horizon Lines…
MOL (America) Inc. announce intermodal transit on-time performance results for January-March 2013. MOL’s overall intermodal transit on-time performance was 71% for January-March 2013, for the three origin ports in Asia, to the six inland destinations in the United States…
Striking dockers step up their action outside owner Li Ka-shing's office building to urge Asia's richest man to intervene.According to the South China Morning Post research has shown that the industrial action could have cost the port operator…
Zhoushan COSCO Shipyard contracted for modification and repair of CMA CGM container ships.Three French CMA CGM 8200TEU-series container ships have been docked at Zhoushan Shipyard for bulb bow modification involving 290 tons of steel-work as well as other routine hull repair work including 11…
Evergreen Marine Corp. partnered with French-based CMA CGM Grou, & Yang Ming Marine both offer new container services.Evergreen's new route, called South Red Sea Service, connects Southeast Asia, the Indian subcontinent, and countries near the Red Sea…
As Europe’s economic slowdown reshapes global trade patterns, Maersk Line taps into Asian growth by starting a new direct route to South Korea.A.P. Moeller-Maersk A/S began shipping from the port of Gothenburg, Scandinavia’s largest, to Busan…
Dock-worker unions at strike-bound Kwai Chung container port to meet with two contractors under Labour Deptartment's mediation.The breakthrough comes as a strike by workers at the port threatens to enter a third week; however, port operator Hongkong International Terminals…
New report examines evolving trade patterns resulting from the upcoming 2015 Panama Canal expansionThe Colliers International report, 'CapEx or Capsize,' underscores the idea that cities need to spend the capital to upgrade their ports, or risk 'capsizing' their economies…
As expected the industry just about scraped over the break-even line in 2012, albeit only because of the results of a handful of leading lights. There is every chance that lines will make decent money in 2013, but only if they refrain from old habits and stick to pricing and capacity discipline…
Chris Willman to Lead Sea Star Line’s National Sales Force. Sea Star Line, LLC has announced the promotion of Chris Willman to Director of National Field Sales.Chris joined Sea Star Line in March 2005 as an inside sales representative…
