Port growth reaffirms Australia's Coalition Government plans to expand Melbourne's capacityPremier Ted Baillieu and Minister for Ports Denis Napthine announce trade figures at the Port of Melbourne surged in the 2011-12 financial year with a 9…
Talk about ups and downs. In 2009, the container shipping industry lost US$16 billion. In 2010, it made a profit of $20 billion, and last year was back in the red ink business with an $8 billion loss. This year? Break even is about the best…
Braemar Shipping Services PLC appointed Nick Hubbard as head of its London Container desk. Nick has over 25 years' experience in shipbroking including over 20 years as a Container Specialist. His appointment underlines Braemar's commitment to growing the strength of its global shipbroking operation…
FONASBA, the international ship brokers and ship agents federation, this week gave its full backing to international government and industry efforts aimed at ensuring that shipping containers for export are accurately weighed. The initiative…
Rickmers-Linie, part of Hamburg’s Rickmers Group, has promoted Ulrich Ulrichs to the position of Managing Director.Mr Ulrichs joined Rickmers-Linie in 2005 when he took over responsibility for Line Management. In 2008 he became Director of…
Dr. Jim Giermanski (Chairman, Powers Global Holdings, Inc.) and Chris Giermanski (Director of International Operations, Transportation Services, Inc.) weigh in on the balance between facilitating trade and guaranteeing cargo identity and quantity - and what CPB needs to do to achieve just that…
The recent successful implementation of significant rate restoration initiatives by carriers in the core east-west trade lanes means that most are now operating above break-even. Carriers took sufficient capacity out in the winter months to…
On Friday, June 22, the ‘Terminal de France’ (TDF) operated by GMP at Port 2000 (Le Havre) received, for the first time, the ‘AL ULA’, a container vessel of the ‘United Arab Shipping Company’ (UASC) with a capacity of 13,500 TEU. Delivered last February by Samsung Heavy Industries shipyards…
Sean Connaughton, Secretary of Transportation for the Commonwealth of Virginia, oversees seven state agencies with more than 9,700 employees and combined annual budgets of $5 billion. But this transportation professional is perhaps best known to MarineNews readers as the U…
The Korean company Daewoo Shipbuilding & Marine Engineering (DSME) has placed an order for a total of 160 separators of the new eagleclass generation with GEA Westfalia Separator Group. They will operate on the twenty unequalled Triple-E container ships of A…
All containers recovered, owners & insurers invite tenders for the wreck removal operationIn its latest update, statutory authority Maritime New Zealand reports as follows Salvage activity this week has focused on the demobilising of equipment after the joint venture salvage partners…
Port of Los Angeles Container Volumes Increase 5.5% in May; 731,352 TEUs Reflect Busiest May in Port History; The Port of Los Angeles has released its May 2012 cargo volumes. Imports increased by 2.7 percent, from 360,969 Twenty-Foot Equivalent (TEU) containers in May 2011 to 370…
Dr Michael Frenzel, Chairman of the Executive Board of TUI AG, resigned from his position in the Hapag-Lloyd Supervisory Board as planned. Dr Jürgen Weber, formerly Executive Board Chairman at Lufthansa, has been newly elected to the Supervisory…
Box Ships Inc. Enters Into Agreement To Acquire Two Vessels From OOCL And Related Financing Transaction; public offering of preferred shares and warrants commenced. Box Ships Inc. (NYSE: TEU) (the 'Company'), a global shipping company specializing in the seaborne transportation of containers…
The West Coast MTO Agreement (WCMTOA) today announced a 2.5 percent increase in the Traffic Mitigation Fee (TMF) at the Ports of Los Angeles and Long Beach, in order to address labor cost increases scheduled to take effect on July 1, 2012. Beginning August 1…
