In the first half of 2011, seaborne container traffic between Hamburg and Poland experienced a particular surge by 38 per cent, to 114,000 TEU. In this context, imports and exports from/to Poland are very well balanced at 56,000 TEU and 58…
The 9,178 TEU MSC Chicago has become the latest vessel to take advantage of the newly deepened and widened port entrance channel in the Port of Durban, one of Africa’s busiest and largest multi-service ports. The ship is now also the biggest to date to sail into South African waters…
According to a report on Bloomberg, the container-shipping industry is dealing with the longest stretch of near-zero rates in its half-century history on the Asia-to-Europe route, a double whammy of stagnate global economy and a capacity glut…
Philippine school made from APL cargo containers inauguratedSomewhere, Malcom McLean, 'the father of containerization,' is smiling.Yesterday the NOL Group, the Singapore-based container shipping and logistics company, celebrated with the…
Containership orders are increasing at a dramatic rate, analysis from Braemar’s Seascope’s research division has revealed.Figures show that since the beginning of this year 52 containerships of 10,000TEU or larger have been ordered – compared…
MOL Earns Commendation from Cambodian Government for Role in Transport of Medical Vehicles and Equipment. TOKYO—Mitsui O.S.K. Lines, Ltd. (MOL; President: Koichi Muto) today announced that it has received a commendation from the government…
CMA CGM, the world’s third largest container shipping company, reported revenue of $7.3b for the first six months of 2011, an increase of 8% compared with the year-earlier period. Business benefited from an increase in volumes carried and stable freight rates on most of the group’s lines…
Key marine terminal software providers join forces to complement their offerings.Hong Kong based arl-shipping.com Limited and Dutch headquartered TBA B.V. today announced they have teamed up to join forces and offer their customers a complementary set of products and services…
Commitments Secured to Move Forward with Refinancing; Consummation of Transaction Expected by the End of September.Horizon Lines, Inc. announced that it has entered into a definitive agreement and secured commitments from holders of more than 99% of its 4…
Effective from 4 September 2011, Hamburg Süd will expand its coverage of West Coast Central America by joining APL in a two loop service concept (WECA).- String 1 (WCX – WECA1) will deploy three vessels of 1.300 TEU nominal capacity and has…
Danaos Corporation (NYSE: DAC) on August 22, 2011 took delivery of a new containership, the CMA CGM TANCREDI, expanding its operational fleet to a total of 57 containerships aggregating 274,089 TEU. The CMA CGM TANCREDI, built at Shanghai…
According to a report on Reuters, South Korea's Daewoo Shipbuilding and Marine Engineering has won a deal to build five 13,100 TEU containerships for Hyundai Merchant Marine, for a reported $639m. (Source: Reuters)
Revenue for the period increased by 9% to $29.9bn $27.4bn), primarily due to higher oil prices and container volumes. Profit for the period was 8% higher at $2.7bn $2.5bn), positively affected by divestment gain from sale of Netto Foodstores Limited…
Horizon Lines has promoted Alherd Kazura to the New Position of VP International Services Horizon Lines, Inc. (NYSE: HRZ), the nation's leading domestic ocean shipping company, today announced that Alherd Kazura has been appointed to the new position of Vice President of International Services…
Rickmers-Linie, part of Hamburg’s Rickmers Group, has extended its executive board. Rüdiger Gerhardt has been appointed Managing Director and Ulrich Ulrichs becomes Deputy Managing Director. Mr Gerhardt has been working for Rickmers since 1978…
