A.P. Moller-Maersk will not invest significantly in its shipping business over the next five years and will focus on its oil, drilling rigs & ports.Maersk intends to move away from the shipping side of things and go towards sectors which generate higher profits and are more stable…
The MCS container terminal in Leeuwarden & a winding hole for 110-metre container ships officially opened for business.The winding hole [turning basin] is at the junction of the Zwette and Van Harinxma canals. Following Westerbroek and Meppel…
In China's container terminal league table Shenzhen is overhauling HK, Dalian is the fastest growing & Yingkou vaults into top 25.Shanghai is still ahead of Singapore for top spot in the world – by some half a million boxes in the first three quarters – 24…
Very good operating performance, with profitability close to CMA CGM’s historic highs.The Board of Directors of France’s CMA CGM, the world’s third largest container shipping group, met under the chairmanship of Jacques R. Saadé to approve…
Contractor VolkerStevin appoints Mott MacDonald design engineer for deepening, renovation, of two berths in Southampton's Western Docks.Together with other port upgrades, the work for Associated British Ports will increase the terminal’s…
Diana Containerships Inc. container ship owners & operators report financial results in Q3 & first nine months trading in 2012.Extracts from the report follow:The company reported net income of $1.6 million for the third quarter of 2012…
The seventh L-type containership for Evergreen Line, launched and named at Korea's Samsung Heavy Industries shipyard. The new ship was christened by S.S. Lin, the Evergreen Group's First Vice Group Chairman, and the ceremonial rope cutting for the new 8…
Among container Carriers, Maersk Line currently has the largest number of vessels idle. A report by shipping analyst Alphaliner (Vol. 2012, Issue 46) reveals Maersk Line as the carrier with most vessels idled, currently 14 units with an aggregate capacity of 94…
Port of Los Angeles report that container volumes Increased .82% in October this year; up 4.69% compared to October 2011.Imports decreased 1.07 percent, from 368,842 Twenty-Foot Equivalent (TEU) containers in October 2011 to 364,881 TEUs this October…
The Port of Hamburg’s overall results for the first nine months characterized by export growth and an import downturn.In the first nine months of 2012 the Port of Hamburg achieved total throughput of 98.1 million tons (down 0.8 percent)…
Bureau Veritas has classed what is currently the largest containership in the world. Built by DSME (Daewoo Shipbuilding and Marine Engineering) in South Korea for French operator CMA-CGM, CMA CGM Marco Polo is the first in a series of three 16…
Container ship owners Hapag-Lloyd report increased revenue and profits in the third quarter 2012.Hapag-Lloyd was able to increase freight rates, revenue and results in the third quarter, although the market environment remains challenging…
Euroseas Ltd. owner & operator of drybulk and container carriers publish financial reports period ending 30, September 2012Third Quarter 2012 Highlights: -Net loss of $0.8 million or $0.02 net loss per share basic and diluted on total net revenues of $13…
CMA CGM Group said that the CMA CGM MARCO POLO, the world’s largest containership, has begun its first voyage Wednesday, November 7th, in Ningbo, China. Symbol of the pioneer spirit of the CMA CGM Group, the new 16 000 TEU vessel, owned by CMA CGM…
Greece-based container ship owners report third quarter & nine months financial results ending 30, September 2012.Mr. Michael Bodouroglou, Chairman, President and Chief Executive Officer of Box Ships Inc., commented: “The third quarter of…
