Yang Ming Marine Transport Corp. (Yang Ming) signed a contract with CSBC CORPORATION, TAIWAN (CSBC) for the construction of a total of ten 2,800 TEU class full container vessels. The contract was signed by Yang Ming’s Chairman Bronson Hsieh and CSBC’s Chairman Cheng Wen-Lon…
The White House on Wednesday condemned Turkey's doubling of tariffs on U.S. cars, alcohol and tobacco imports, calling the action 'a step in the wrong direction.'Turkey took the action in response to what it called the Trump's administration's attack on its economy…
The Port of Los Angeles processed 833,568 Twenty-Foot Equivalent Units (TEUs) last month, the busiest July in the port’s 111-year history. The cargo volumes exceeded July 2017, the previous record, by 4.6 percent. It was the fourth busiest month overall in the port’s history…
Port of Oakland total container volume increased 3.6 percent in July, according to data released. The Port said the rise over July 2017 totals was driven by an increase in empty container shipments to Asia.Import cargo volume declined 0.6 percent in July…
Norwegian shipbuilder VARD has secured a contract worth approximately NOK 250 million ($29.5 million) to build the world’s first autonomous and electric container vessel, Yara Birkeland. VARD will deliver the groundbreaking ship for launch in early 2020…
Great Lakes-St. Lawrence shipping continues to bounce back after a slow start. With strong tonnage numbers in July, particularly shipments of U.S. grain, liquid bulk and project cargo, the 2018 shipping season is right on par with the healthy statistics posted last year…
UK-based Portland Port leverages new fabrication and welding facility to win a bigger share of ship repair, refit, conversion and shipbuilding markets.Polish-owned maritime engineering company Intermarine UK has unveiled major growth plans after investing a six-figure sum in a new 2…
The Port of New Orleans (Port NOLA) has been awarded a $2.5 million U.S. Maritime Administration (MARAD) grant to support the current container-on-barge shuttle service operated by SEACOR AMH between New Orleans, Baton Rouge and Memphis, and…
The first two super post-Panamax cranes at the Port of Philadelphia (PhilaPort) worked their first Neopanamax vessel – the 12,217 TEU MSC Shreya B – at Packer Avenue Marine Terminal on Sunday, August 5, 2018.The new gantry cranes, manufactured in China by Shanghai Zhenhua Heavy Industry Co…
Danaos Corporation, a leading international owner of containerships, has announced the consummation of its previously announced debt refinancing , significantly strengthening the Company's capital structure and reducing its outstanding debt by approximately USD 551 million…
Yang Ming Marine Transport Corp. was named “Provider of the Year” on 18th July, 2018 by Target Corporation, the second-largest department store retailer and importer of containerized freight in the United States.Yang Ming was also accredited…
The ZEABORN Group announced it has combined its two recently acquired Hamburg-based ship management companies to form one global brand, ZEABORN Ship Management GmbH & Cie. KG.Bremen-based ZEABORN Group has brought together Rickmers Shipmanagement…
Kalmar, part of Cargotec, has signed an agreement with Deepwater Container Terminal (DCT) Gdansk to supply three electrically powered rail-mounted gantry cranes (RMGs) with DCT specific customization. The order, booked in Cargotec's 2018 third quarter order intake…
Maersk Line announced it has restarted shipping operations to the Republic of Maldives on the heels of rapidly growing market and meeting customer needs.The world’s largest container shipping company introduced a weekly service between Colombo…
The Georgia Ports Authority moved 378,767 twenty-foot equivalent container units (TEUS) in July, an increase of 12.7 percent, or 42,668 TEUs, compared to the same month last year. It was the second busiest month on record for the Port of Savannah…
