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…
A Bang or Whimper for Supply Chains. The expansion of the Panama Canal has been heralded as a game changer for the maritime shipping industry. However, the impact of the expanded Canal is still unclear. The port community and shipping lines are placing costly bets on the outcome…
Troy Container Line announced it will open a new container freight station on June 1, 2012 in Savannah, Georgia. Located just eight miles from the Port of Savannah, the new CFS location is strategically placed between Charleston and Miami…
Georgia-Based Warehouse Marks 21st Export Receiving Station for International Shipper. Troy Container Line, one the world’s largest American-owned NVOCCs, today announced it will open a new container freight station on June 1, 2012 in Savannah…
Industry-wide vessel container service schedule reliability improved, but carriers’ service standards for some commercial processes fall short says Drewry's latest reportDrewry Maritime Research’s new quarterly report 'Carrier Performance…
For many years the Congress, GAO, and I many times, have criticized Customs and Border Protection (CBP) or not addressing or even acknowledging the security risks and loss of revenue from an antiquated, and ineffective in-bond systems that serves…
On May 16 Diana Shipping Inc. (NYSE:DSX) took delivery of the newly-built m/v 'Philadelphia', a Newcastlemax dry bulk carrier of 206,040 dwt that was contracted in April 2010. As previously announced, the m/v 'Philadelphia' is chartered to EDF Trading Ltd…
GCT Global Container Terminals Inc. announces new Chief Financial Officer.Michael E. Moore, President and CEO of GCT Global Container Terminals Inc. is pleased to announce the appointment of Chris Davies to Chief Financial Officer effective June 4…
Coastguard monitors safety aspects as MSC hire Donjon-Smit to make a salvage assessment of fire-damaged 'MSC Idil' off the Puerto Rico coastThe coastguard reports as follows:The 900-foot container ship suffered an explosion onboard late Friday afternoon…
Troy Container Line Ltd, announced May 14, 2012 the appointment of three key personnel to management positions. Svetlana Azimova has been named Assistant Vice President of Troy Container Line’s Freight Cashier Department; Jonathan Lasker has…
