The CMA CGM Group launched its new Black Pearl service, a direct service between the East Coast of North America and the West Coast of South America (Panama, Peru and Chile). This new service is part of the operational agreement between CMA CGM and MSC…
Danaos Corporation (NYSE: DAC), took delivery of a new containership, the CMA CGM SAMSON, expanding its operational fleet to a total of 59 containerships aggregating 291,149 TEU. The CMA CGM SAMSON, built at Shanghai Jiangnan Changxing Heavy Industry has a carrying capacity of 8…
Responding to changing market conditions and subject to approval by the Federal Maritime Commission (FMC), as from February 2012, Hamburg Süd will restructure its services from North Europe and Mediterranean to Central and South America West Coast as well as to North America West Coast…
MAN Diesel & Turbo received an order for two Turbo Compound Systems including Power Turbine and Generator (TCS-PTG) from Samjin Shipbuilding in Weihai, China. The TCS-PTGs will be employed aboard two 4,700 TEU container vessels currently under construction…
The Port of Los Angeles and U.S. Army Corps of Engineers have prepared a Draft Environmental Impact Statement/Report (EIS/EIR) for the Berths 302-306 APL Container Terminal Project that involves the improvement and expansion of the existing 291-acre terminal by 56 acres…
According to a report from Bloomberg, the number of container ships idled rose to the highest level in 18 months as the supply of vessels expanded and trade growth slowed, citing information from Alphaliner.According to the report, 210 ships with a combined carrying capacity of 526…
Hyundai Merchant Marine Secures US$500 million debt facility from banks led by DNB. South Korean shipping group Hyundai Merchant Marine (HMM) has secured a USD500 million debt facility from a syndicate of financial institutions led by DNB Bank…
LNG Solutions for Large Container Vessels the Focus of GL and IHIMU Joint Development Project. LNG as ship fuel is already a proven alternative for short sea shipping, but what about the primary engine of global trade - the boxship? To investigate…
Half of all index-linked contracts filed with the US Federal Maritime Commission reference Drewry’s Container Freight Rate Insight pricing benchmarks. Drewry Maritime Research’s container freight rate benchmarks are the index of choice in index-linked container contracts…
Saxo Bank and ICAP Shipping Involved in World's First Electronic Container Freight Swap Settled in USD. Saxo Bank, the trading and investment specialist, and ICAP Shipping, the shipping arm of ICAP plc, announced on Thursday that they were…
Horizon Lines Stockholders Approve 1-for-25 Reverse Stock Split at Special Stockholder Meeting. Horizon Lines, Inc. (OTCQB: HRZL) announced that stockholders at the company's special stockholders meeting on December 2, 2011, voted to approve…
Crowley Awards Three United States Merchant Marine Academy Cadets with Scholarships at the Connie Awards Luncheon. Continuing in its tradition of supporting academic excellence, Crowley Maritime Corporation awarded Thomas B. Crowley Sr…
Connie Luncheon Held at The Newark Club, December 5; Stanley Sher Given Lifetime Achievement Recognition. Connie Award recipient is R. Kenneth Johns, former president of Sea-Land Service Inc. Lifetime Achievement Award recipient…
Within the EU the Port of Hamburg is one of India’s most important commercial partners in seaborne foreign trade. In November the Hamburg Joint Representative Office in Mumbai was officially opened. This is designed to strengthen economic, but…
Volumes carried rose by 10% year-on-year to 2,604 million teus in the third quarter of 2011, confirming that CMA CGM is benefiting from the size and modern technology of its ships. Over the first nine months of the year, volumes carried were up by 9…
