Ship Finance International Limited (SFL) informs it has agreed to acquire four large container vessels in combination with long-term time-charters to a leading container line.The vessels are modern eco-design built in 2014 with approximately 14…
Container shipping: Change required for higher ratesDemandThe growing imports of loaded containers into the U.S. East Coast (USEC) continues to be a focal point for the container shipping industry. Growing by 10.4 percent in Q1-2018, the first three months saw 215…
The United States on Thursday said it will impose tariffs on aluminum and steel imports from Canada, Mexico and the European Union, reigniting investor fears of a global trade war as Washington's allies took steps to retaliate against U.S. goods…
Japan's overall steel exports in April fell 5.5 percent from a year earlier to the lowest in nearly nine years, but exports to the United States rose 11.7 percent as more semi-finished products were shipped, the Japan Iron and Steel Federation said on Thursday…
Diana Containerships announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Wan Hai Lines (Singapore) Pte Ltd. for one of its Post-Panamax container vessels, the m/v Rotterdam. The…
South Carolina Ports Authority (SCPA) said it will purchase 26 new rubber-tired gantry (RTG) cranes to handle growing container volumes at the Wando Welch Terminal and Inland Port Greer.The port will pay $46.4 million for the 26 RTG cranes to be built by manufacturer Konecrane…
South Carolina Ports Authority reports its fiscal year-to-date volumes are nearly 2 percent higher last year, with record-breaking container volumes handled in April.SCPA has moved 1.8 million TEUs since July, compared to 1.78 million during the same period last fiscal year…
Coffee exports from Brazil, the world's largest producer, in May are likely to be 900,000 60-kg bags less than expected due to a nationwide truckers protest that hampered transport to ports, exporters association Cecafé said on Wednesday.The…
The current global economic growth (GDP) looks like it may be as good as it gets, with indicators across the globe signaling healthy expansion, but at a slower pace compared to the levels seen in the last half of 2017.Global economic growth seems on track to reach its highest level since 2011…
Crowley Maritime Corp.’s liner services group announced today that it has launched a new feeder shipping service connecting San Juan, Puerto Rico; Rio Haina, Dominican Republic; and St. Croix and St. Thomas in the U.S. Virgin Islands (USVI)…
Global container shipping company Ocean Network Express (ONE) has awarded GAC the agency contract to handle all its vessel calls in Australia covering the ports of Sydney, Melbourne, Brisbane, Adelaide and Fremantle. Under the agreement, GAC…
Ocean carrier Maersk Line has selected classification society ABS to help identify and evaluate potential hazards posed from dangerous cargoes stowage on containerships.In order to better understand key risks associated with cargo, ABS lead…
Diana Containerships announced that, through a separate wholly-owned subsidiary, it has agreed to extend the present time charter contract with Orient Overseas Container Line Ltd., Hong Kong, for one of its Post-Panamax container vessels, the m/v Pucon…
French shipping group CMA CGM said on Friday it would introduce an exceptional surcharge after its first quarter earnings were hit by a sharp rise in bunker fuel prices.The move comes after Maersk Line, the world's largest container shipping company…
The maritime industry is the lifeblood of United States trade, delivering goods throughout North America and around the world. National Maritime Day, Tuesday, May 22, 2018, recognizes the benefits the maritime industry provides in the U.S. and celebrates those who work on the water…
