Diana Containerships announced that it has completed the previously announced sale of one of its Post-Panamax container vessels, the m/v Puelo, with the delivery of the vessel to her new owners. The global shipping company specializing…
Shipping Company, Diana Containerships, Inc., announced the sale of one of its Post-Panamax container vessels, the m/v Puelo, has been completed and will be delivered to her new owners.After the delivery of the vessel, the company will prepay about $19…
In order to meet increasing and diverse market demands, Evergreen Line has announced enhancements to its current Asia – East Africa service (AEF) – adding to its direct calls in Central & Southern China.Five vessels are currently deployed on the AEF service – three operated by Evergreen Line…
Consistent high performance by the UK Ship Register has seen it rise four places in the world under standards set by the Paris Memorandum of Understanding (MoU).It means the UKSR is now fifth under an assessment based on the total number…
Shares in German container shipping company Hapag Lloyd plunged 19 pct, hitting 1-year low, after the company cut its 2018 outlook. The Company cites 'unexpectedly significant' and continuing increase in operational costs, especially with…
The service provided by container shipping lines has deteriorated since 2016 and is now seen by exporters, importers and freight forwarders as more problematic, according to the second annual shipper satisfaction survey of Drewry and the European Shippers’ Council (ESC)…
Star Bulk Carriers announced that it has closed the previously announced acquisition of three newbuilding Newcastlemax dry bulk vessels in an all-share transaction, from Oceanbulk Container Carriers (OCC). The final consideration for the OCC Vessel Purchase Transaction is 3…
Shipping confidence held steady in the three months to end-May 2018 according to the latest Confidence Survey from international accountant and shipping adviser Moore Stephens. The average confidence level expressed by respondents was unchanged at the four-year high of 6…
Satisfaction survey in container transport: Customers more dissatisfied with the service quality of ocean carriersThe service provided by container shipping lines has deteriorated since 2016 and is now seen by exporters, importers and freight forwarders as more problematic…
Euroseas Ltd. (NASDAQ: ESEA) delivered M/V Monica P, a 46,667 dwt drybulk vessel, built in 1998, to its buyer, an unaffiliated third party. The gross proceeds of this sale were $6.45m. The vessel was held for sale as of March 31, 2018.Following the sale of M/V Monica P…
Xeneta, the leading ocean freight rate benchmarking and market intelligence platform, is launching a product offering that aims to transform the way shippers, freight forwarders and carriers conduct freight rate negotiations. The Oslo headquartered firm has created a new offering…
Maersk Line, a part of A. P. Moller-Maersk, acknowledged that the United states has announced it will cease its participation in the joint comprehensive plan of action (JCPOA), and re-impose Sanctions on Iran following a wind down period. Maersk will respect U…
The World Trade Center of New Orleans announced William T. “Bill” Bergeron, CEO of Bergeron Resources, L.L.C. & Affiliated Companies, as the recipient of the 2018 C. Alvin Bertel Award. The C. Alvin Bertel Award was established in 1967 and is…
Today marks Panama Canal's two-year anniversary of the inauguration of its Canal Expansion. It is the largest enhancement project in the waterway’s 103-year history. To date, the Canal has transited 3,745 Neopanamax vessels.The performance…
Oakland’s largest marine terminal operator plans to clear the air using hybrid cargo-handling technology. SSA Terminals said it will retrofit 13 diesel-powered cranes with diesel-electric hybrid engines. The upgrade is estimated to eliminate…
