The first of 20 giant Triple-E ships for Maersk Line comes out of Daewoo Shipbuilding & Mechanical Engineering Co. drydock for fitting out alongside.The name 'Triple E' is derived from the class's three design principles: 'Economy of scale…
CMA CGM is adding the Port of Charleston to its Pacific Express 3 (PEX 3) weekly service.The French carrier has deployed 11 vessels of between 4,400 and 5,100 20-foot equivalent unit (TEU) capacity in the service. The first ship in the service to call Charleston…
Rickmers Trust Management's Rickmers Maritime reports 4Q and full year financial report for 2012.Highlights: Steady operating cash flow for the year at US$109.2 million High operational efficiency for 4Q2012 and FY2012 with 99…
Maersk Line announce that they find it necessary to implement general rate increases from the base rate.The new container freight rates will be effective 1, April 2013 as follows:US to Northern EuropeGeneral Rate Increase: USD 200/300/300/300…
DC Federal Court plea agreement requires Singapore-based Pacific International Lines, to pay US$2.2-million.The offenses relate to the operation of the company's container shilp M/V Southern Lily 2 in June 2012.The company previously pleaded…
Super tug Fairmount Alpine has delivered the container vessel Emma Maersk at Fincantieri’s repair yard in Palermo, Sicily. To tow the 398 meter long 156,907 DWT Emma Maersk towards Palermo Fairmount Marine was contracted by Maersk Line. Tug…
Container shipping & logistics group Neptune Orient Lines (NOL) publishes it year 2012 financial report.The Group posted a full year net loss of US$419 million, mainly due to a first quarter net loss (before non-recurring items) of US$255 million and one-time charges of US$108 million…
A second container terminal at V.O. Chidambaranar Port at Tuticorin, Tamil Nadu, India to be ready by year-end.The second container terminal will have a handling capacity of six hundred thousand TEUs (20-foot equivalent units) to cater to the needs of export/import traders…
Construction of the new 70-hectare container terminal at Port of Sohar begins shortly, operational in 2014.As part of the expansion deal, container-terminal operator Hutchison Whampoa has signed an agreement for developing the 70-hectare container…
Group’s 4Q 2012 performance improves 75%; meets cost saving goal of US$500 millionGlobal container shipping and logistics group Neptune Orient Lines (NOL) reported fourth quarter 2012 Core EBIT (Earnings Before Interest and Taxes) loss of US$69 million…
The Los Angeles Harbor Commission approved a resolution initiating an Environmental Impact Statement/Environmental Impact Report (EIS/EIR) on a proposed berth-improvement project by Yusen Terminals Inc. (YTI). Start of the EIR process…
CMA CGM, announced that passengers cabins are now available on board the massive CMA CGM Marco Polo containership (16 020 TEUs). These original cruises offer travelers the possibility to live a unique experience by discovering oceans, seas and…
Gulftainer has recorded a 24% overall increase on trade volumes in 2012 when compared with the previous year.Its Sharjah ports saw the greatest volumes throughout the year, with Khorfakkan Container Terminal seeing growth of 28 per cent on its 2011 figures with a staggering throughput of over 3…
Germany's Hamburg Süd Group has recently published its first Responsibility Report titled 'Making it our Business'.The report documents not only the ecological but also the social and societal responsibility the company exercises. At the…
The disabled 'Emma Maersk' starts the long tow from Suez to Europe for repairs to hull damage in vicinity of a stern thruster unit.Palle Laursen, Maersk Line’s Head of Ship Management in Copenhagen, says, “We are delighted that Emma is on the route back towards full service…
