Container Ships News

 

Hapag-Lloyd Expands Atlantic Loop 3

Nov 11, 2019

German international shipping and container transportation company Hapag-Lloyd AG announced that it is expanding fleet on Atlantic Loop 3 service between the US and Europe.'Our Atlantic Loop 3 Service (AL3) fleet is growing with the addition of the 4…

MSC Isabella, Largest Boxship to Call in Singapore Port

Nov 10, 2019

The 23,656 teu MSC Isabella became the largest containership to call the Port of Singapore when it berthed on 10 November 2019.The MSC’s Gülsün-Class of container vessels is currently the world’s largest series of container ships.To date, MSC…

S&P Upgrades GSL Ratings

Nov 08, 2019

Global Ship Lease (GSL), a leading independent owner of containerships with a diversified fleet of mid-sized and smaller containerships, said that  S&P Global Ratings has raised its long-term issuer credit rating.According to the London-headquartered company…

Retail Imports to See Final Tariff-Driven Surge

Nov 08, 2019

Imports at the nation’s major retail container ports are expected to see their final surge of the year this month ahead of new tariffs set to take effect in December, according to the Global Port Tracker report released today by the National Retail Federation and Hackett Associates…

Port of LA Box Volumes Dip

Nov 08, 2019

The Port of Los Angeles, the nation's busiest for ocean trade with China, processed fewer containers of imported and exported goods in October as the U.S.-China trade war roils the domestic economy and global supply chains.October imports dropped 19% to 392…

Gothenburg Port Reports Steady Rise

Nov 04, 2019

The Swedish container market had a slight downturn during H1 2019, with a 1% fall, but the Port of Gothenburg has reported a steady rise in both market share and volume.Between January and September this year, the figure stood at four per cent…

RORO Company Launches New Platform

Nov 04, 2019

The Roll On Roll Off (RORO) Company, a digital freight forwarder, recently launched its new platform, RORO.com, to accelerate global trade of large assets. With access to instant quotes, schedules and bookings, users can save time and money on shipping machinery…

In a First, Container Cargo Vessel on Brahmaputra

Nov 03, 2019

The first ever containerized cargo movement via Indo-Bangladesh protocol route and Brahmaputra (National Waterway -2) river will start from West Bengal's Haldia Today.'In line with Government’s focus on improving connectivity to the North Eastern Region (NER)…

Xeneta Expects Further Disruption in Container Rates

Nov 01, 2019

Further disruption in ocean freight rates expected despite best efforts from leading carriers, according to Xeneta Container Rates Alert.Long-term contracted ocean freight rates for carriers continued their downward trend through the month of October…

Vessel Op Costs to Rise in 2019 and 2020

Oct 31, 2019

International accountant and shipping adviser BDO said total operating costs in the shipping industry are expected to rise by 2.5% in 2019 and by 2.7% in 2020.Responses to the firm’s latest annual Future Operating Costs Survey revealed that…

Hapag-Lloyd Intros IMO2020 Transition Charge

Oct 30, 2019

German international shipping and container transportation company Hapag-Lloyd has introduced IMO2020 Transition Charge (ITC) for short-term contracts.The introduction of the IMO2020 sulfur cap as of 1 January 2020 marks a milestone for the…

Yang Ming to Launch New ITS Service

Oct 29, 2019

Taiwanese ocean shipping company Yang Ming Marine Transport Corporation said that encouraged by the steady economic growth and foreign trade in between Indonesia, Singapore, Malaysia and Thailand, it  continues to enhance its Southeast Asia…

Boom in Container Shipping: VesselsValue

Oct 29, 2019

The Containership market has been showing some significant gains across both earnings and values, particularly in the Post Panamax and New Panamax segments, says VesselsValue.The US China trade war has had a negative impact on vessel demand…

PTS to Manage Lake House Boxship Pair

Oct 27, 2019

Lake House, a Hong Kong and London based investment company, has appointed PT-Shipmanagement (PTS), a Hamburg based company, to manage two container ships.The two ships have a capacity of 1,300 TEU each and sail with an average crew of 15. The…

OOCL Posts Higher Container Volumes

Oct 27, 2019

Hong Kong-based carrier Orient Overseas Container Line (OOCL) said both container volumes and revenue were higher in the third quarter this year than in 2018.The COSCO-owned company said that the total volumes for the third quarter of 2019 (ended 30th September 2019) were 4…

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