Diana Shipping Inc. (NYSE:DSX) took delivery of the newly-built m/v 'Los Angeles', a Newcastlemax dry bulk carrier of 206,104 dwt that was contracted in April 2010. As previously announced, the m/v 'Los Angeles' is chartered to EDF Trading Ltd…
On January 1, 2012 American Shipping Group underwent a dramatic transformation. The company, formerly known as ASG, became TOTE, Inc., and experienced a makeover in logo, look and structure.Seeing opportunity for market growth, TOTE, Inc.…
Members of the G6 Alliance announced today that their groundbreaking cooperation in Asia-Europe container shipping will begin operation in the first week of March – one month ahead of schedule.“We are eager to roll out our competitive products…
Evergreen Line Extends e-Commerce Application to Mobile Devices. Evergreen Line has launched 'ShipmentLink Mobile', an application of its e-commerce system to handheld devices. The global ocean carrier is committed to providing customers…
MOL-operated Containership Rescues 116 Shipwreck Survivors off Papua New Guinea. Mitsui O.S.K. Lines, Ltd. announced that the MOL-operated containership MOL Summer rescued 116 survivors from the ferry Rabaul Queen, which sank about 17 km east of Papua New Guinea…
Mitsui O.S.K. Lines, Ltd. reports that the MOL-operated containership MOL Summer rescued 116 survivors from the ferry Rabaul Queen, which sank about 17 km east of Papua New Guinea.According to local reports, the Rabaul Queen with about 350…
Container service reliability reached a new high in the final quarter of 2011 with an on-time average of 69% across all the trades covered by Drewry’s Schedule Reliability Insight report, just published. The latest result was up by 6 percentage points over the previous quarter…
The Port of Kiel has gained container wayport status by being added to the liner service network of Gothenburg-based shipping company TransAtlantic. With immediate effect, ships serving on the company’s Bothnia Line between Kerni/Oulu in Finland…
The New World Alliance (TNWA) – APL Co. Pte Ltd (APL), Hyundai Merchant Marine (HMM) and Mitsui OSK Lines (MOL) - today announced the launch of a new Trans-Atlantic service connecting Europe and the UK with the US East Coast and Panama. The…
A short-lived revival in rates still means rich pickings for shippers coming into the transpacific contracting season, but beware the capacity crunch to come. Shippers should not lose sleep over the recent, short-lived jump in spot rates…
Diana Containerships Inc. (Nasdaq:DCIX), signed two Memoranda of Agreement with APL (Bermuda) Ltd. for the purchase of two Panamax container vessels, the m/v 'APL Sardonyx' and the m/v 'APL Spinel'.The m/v 'APL Sardonyx' is a 1995-built vessel of approximately 4…
Inchcape Shipping Services completes Northern Mediterranean expansion with opening in Algeciras. Inchcape Shipping Services, the world’s leading maritime services provider, has this week opened its doors in Algeciras – Spain’s busiest port…
Drewry’s latest quarterly Container Forecaster highlights that 2012 will be another challenging year for liner operators. With question marks over the strength of global demand, delivery of big ships will continue to be a problem and carriers’…
GPMH (Grand Port Maritime du Havre) has decided to freeze harbor dues for containerships, for the third consecutive year. This decision underlines GPMH’s will to offer its customers, the shipowners, an attractive pricing policy, in a hard economic environment…
The Danish Naval Design and Marine Consultancy Knud E. Hansen A/S and joint venture partner ABB have developed a highly fuel efficient 2000 TEU Container Feeder Vessel. The vessel’s main dimensions have been optimised for calling in Bangkok…
