Following a record result in the first nine months of 2010 and its successful refinancing on the capital market, Hapag-Lloyd is again investing in future growth. Hapag-Lloyd ordered four large vessels with a capacity for 13,200 standard containers…
According to a report on Bloomberg.com, Hong Kong containershipping goliath Orient Overseas (International) Ltd., may add services on routes within Asia as the region's economy, and freight rates, continue to recover.According to the report on bloomberg…
The U.S. Department of Transportation gave its approval to begin reconstruction of the Pier 29 Container Yard in Honolulu Harbor, Oahu after signing a $24.5m TIGER grant agreement with the Hawaii State Department of Transportation Harbors Division…
Asian economies are leading the recovery of international container trade volumes, but strong growth across the region could see pre-recession pressure on freight infrastructure re-emerge, a senior executive of container shipping line APL told a conference in Ho Chi Minh City on May 20…
Drewry’s latest Container Forecaster is optimistic that a market‘recovery is underway but cautions that close monitoring of key market drivers is essential as the patient is not off the at-risk list yet. The latest container trade data suggests…
NewLead Holdings Ltd. (NASDAQ:NEWL) announced that the MSC Seine, a 1990-built 2,917 TEU Container vessel, was delivered to her new owner, January 20, 2010. As previously announced, the gross proceeds from sale will be used to reduce debt and add flexibility to the balance sheet.
Diana Shipping Inc. (NYSE:DSX), a global shipping company specializing in the transportation of dry bulk cargoes, announced its intention to participate in a new project involving the formation of a company expected to invest in containerships over the next 12-18 months…
Import cargo volume at the nation’s major retail container ports ended a nearly two-and-a-half-year streak of year-over-year declines in December and is on track to show gains through the first half of 2010, according to the monthly Global Port…
October 13, 2009-Evergreen Line and China Shipping will commence a joint weekly service linking ports in Asia to locations in the American and Canadian Pacific Northwest. The two lines say that the purpose of the new service is to use mutual…
The world’s third largest container shipping company, CMA CGM, announced a new weekly service calling the Port of New Orleans. The Victory Bridge will offer direct calls to North Europe effective Oct. 21. As the newest port added to the rotation…
Evergreen Line has announced a rationalization plan with the CKYH Alliance (Coscon, 'K'LINE, Yang Ming, Hanjin Shipping) for the U.S. East Coast / Northwest Europe Service.The new service combines their Evergreen Line's Trans Atlantic string of North Asia-U…
MOL (Mitsui O.S.K. Line) announced a general rate increase (GRI) on its Europe – Southern Africa trade. “We are committed to maintaining high service levels even during these difficult economic times,” said Colin de Souza, MOL General Manager…
According to the San Francisco Chronicle, federal prosecutors told a judge that the pilot of the container ship that struck the Bay Bridge in November 2007 ignored basic safety precautions, lied to licensing authorities about his prescription drug use…
Drewry’s latest Container Forecaster analysis predicts casualties and continued unsustainable freight rates unless the industry market share mind-set is discarded. According to Drewry’s analysis, there will be a 10.3% contraction for containers…
State-run Shipping Corporation of India (SCI) has accepted delivery of a crude container named “Desh Vishal” from Daewoo Shipbuilding Marine Engineering Co. The company had placed orders for two very large crude containers (VLCCs) in October 2005 with the South Korean company…
