Hutchison Port Holdings (HPH) awards Laing O’Rourke the civil works contract for Australia's new Port Botany Terminal 3.The contract marks the start of the on-ground works of HPH’s A$500 million investment for the development of a new container terminal…
The first steel fore sections cut & removed from 'Rena', with the Bell 214 heavy-lift helicopter completing 14 separate lifts to the barge Kapua.Salvage (Resolve Marine) • The barge made its first landing in Tauranga with an estimated 40 tonnes of steel…
Freight rates hold on to a healthy level on the main routes according to the latest BIMCO Market Analysis Report.Excerpts from the report follow:Freight rates hold on to a healthy level on the main routes, while new large vessels are put…
Hamburg Süd celebrate the christening of container ship “Santa Barbara” at the Yantian International Container Terminal (YICT) in Shenzhen, China.The “Santa Barbara” was the last of a total of ten new buildings of the “Santa” class to be christened…
On Wednesday, August 15, 2012, Hamburg Süd celebrated the christening of its container ship “Santa Barbara” at the Yantian International Container Terminal (YICT) in Shenzhen (People’s Republic of China). Sponsor of the “Santa Barbara” was Johanna Oetker…
Shangai's Hudong-Zhonghua Shipbuilding contracted by Grimaldi Group to build 5 large RoRo container ships.The new generation of 3,800-teu Ro-Ro container ships will replace ACL's existing fleet of such types of ship operating in the company's…
Hapag-Lloyd substantially increases rate, revenue & result in a successful Q2 2012 turn-around.Following a seasonally weak first quarter, Hapag-Lloyd achieved a turnaround in the second quarter of 2012, improving its result by more thanEUR 125 million compared to Q1…
Cavotec wins order to supply 18 MoorMaster automated mooring units for a Mediterranean Sea port.MoorMaster is a vacuum-based automated mooring technology that eliminates the need for conventional mooring lines. Remote controlled vacuum pads recessed in…
Capacity utilization analysis is a critical factor in determining both long-term contract freight rates & short-term spot rates for fully cellular vessels.PIERS announce it has issued an exclusive report titled 'The PIERS Capacity Utilization Report: Full year…
Container ship traffic: Chennai Port in SE India is going all out to regain top position.Work on the Chennai Port Mega Terminal Project is expected to start shortly and the first ship would be berthed in three years at the new terminal, according to Atulya Misra…
US Dept of Homeland Security develop a 'Container Security Test Bed' to facilitate research on container surveillance.The DHS Science and Technology Directorate (S&T) and its Transportation Security Laboratory (TSL) in Atlantic City, NJ, have…
Global Marine & Container Terminal Operation Industry market research report available.Extracts the IBISWorld report follow:Over the long term, IBISWorld projects that trends towards globalization, complex international supply chains…
Singapore's Neptune Orient Lines (NOL) Group reports US$57 million Year-on-Year improvement in Core EBIT.Excerpts from the financial report follow:NOL Group report second quarter 2012 Core EBIT (Earnings Before Interest and Taxes) of US$16 million…
The Drewry Hong Kong-Los Angeles container rate benchmark, soared by 17.5% to US$2,452 per 40ft container this week.Last week’s Drewry transpacific price benchmark dated 1st August increased by just $71 per 40ft container from levels in the previous week…
The container equipment fleet grew by 8.5% during 2011, taking the global fleet to 31.25 million teu, compared to a 7% growth in 2010. This was better than expected as demand for newbuilds suffered a knock from the second quarter of 2011 onwards…
