South Africa’s state-owned freight transport and logistics giant Transnet Limited today celebrated a significant milestone in its R5.4 billion expansion of the Cape Town Container Terminal. On completion, the five-year project will double the terminal’s capacity to 1…
On the May 1, “Straits Tankers Pte Ltd”, a MOL and Hafnia Management strategic J/V set up in Singapore, will be ready to market 25 coated LR1’s, entered into the “Straits Tankers LR1 Pool”. The goal is to further utilize the fleet to flexibly…
Hamburg, 22 February 2011. On Monday, 21 February 2011, as part of a customer event, Hamburg Süd christened the “Santa Isabel” in Singapore. She is the second of ten identical container vessels with a capacity of 7,100 TEU each. This makes them not only the largest ships ever built for Hamburg Süd…
Maersk Line signed a contract with 's Daewoo Shipbuilding & Marine Engineering Co., Ltd. to build 10 of what the company terms as the world's largest and most efficient vessels, with an option for an additional 20 vessels. Scheduled for delivery between 2013 and 2015…
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…
