A.P. Moller-Maersk expects container ship capacity to grow 11% this year, outpacing demand, forcing owners to take corrective measures.The industry is likely to scrap more vessels, sail them at even slower speeds and idle more ships in order to balance supply with growth…
Maersk Line, will stop using the Panama Canal to transport goods from Asia to the U.S. East Coast as bigger ships make Suez more profitable.Maersk Line will send through Suez Canal a vessel that can carry as many as 9,000 20-foot boxes at a time…
Cargotec receives another large order for MacGregor cargo access packages for 5 Container/RoRo (ConRo) in China.Cargotec's MacGregor has received another large order, following the MacGregor RoRo cargo access equipment order from South Korea announced on 6…
Nor-Shipping 2013 opens just three months from now with a cast of speakers featuring top executives from world-leading companies covering the entire value chain of themaritime industry – from shipowners and technology and service companies to regulators and financiers…
The Forum looked at a broad spectrum of topics concerning container shipping including: stowage and lashing, the potential for LNG vessels and bunkering, trends in the liner markets, high tensile steel and thick materials for ship building,…
Horizon Lines, Inc announce it will move its northeast terminal operations to Philadelphia, Pennsylvania, from Elizabeth, New Jersey, effective April 11, 2013.After an extensive review of options and a detailed evaluation of other ports connecting the northeast to Puerto Rico…
Damen Shiprepair Brest (France) was contracted for the regular dry docking and special survey for two CMA CGM container vessels: Fort St. Marie and Fort St. Louis. Furthermore, an option for Fort St. Pierre and Fort St. Georges has been discussed…
Container vessels outfitted with Becker Twisted FinsIn October 2012 Damen Shiprepair Rotterdam (DSR) won the contract for installing the first Becker Twisted Fin on seven container vessels of the fleet of Hamburg (Germany) based liner shipping company Hamburg Süd…
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…
