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…
Gulftainer strives for top six in terminals.Sharjah is a glimmering city-state carved from the desert, the third largest emirate in the United Arab Emirates and the only one to have land on both the Persian Gulf and the Gulf of Oman. And soon…
The the first half year 2018 net loss of Germany's Hapag-Lloyd is more than doubled to UER 100.9 million ($116 million) from EUR 42.7 million (USD 49 million) a year ago.The shipper attributed this loss to rising fuel costs and the slow recovery…
Taiwanese ocean carrier Yang Ming Marine Transport Corporation (Yang Ming) registered a net loss of NTD3.81 billion (USD 129.1 million) for Q2.However, the Q2 consolidated revenues total NTD33.6 billion (USD1.14 billion) was up 1.12% from the same period in the previous year…
The arrival of three new 270 foot-tall Super Post-Panamax cranes to Port Houston’s Bayport Container Terminal on Tuesday highlights $100 million in terminal investments.The three neo-panamax ship-to-shore (STS) cranes were the first of two crane shipments Port Houston received this week…
The Port of Long Beach reported it saw a decline in container volumes in July compared to the same month a year ago, which hit a historic high that has since been surpassed.The drop, 4.4 percent, was attributed to shipping alliances’ decisions in July to shift vessel deployment and port calls…
Germany's exports to the United States in the first half of this year were worth 24.4 billion euros ($28.3 billion) more than its imports of U.S. goods, data from the Federal Statistics Office showed on Friday.The trade surplus was 100 million euros less than last year…
German shipping company Hapag-Lloyd said it accelerated cost cuts in the first half of 2018 to offset higher operational costs from fuel costs, charter rates and a slow recovery in freight rates.'We have implemented additional measures to recover…
