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…
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…
