APM Terminals Pipavav achieved yet another milestone by hosting container vessel “Adrian Maersk” at the port. At 353 meters long it is the longest vessel to call at port Pipavav. Adrian Maersk called Pipavav as part of FM3 service and links…
China Merchants Port Holdings Company Limited (CMPort) said that the Company's transaction regarding the acquisition of Paranaguá Container Terminal (TCP) in Brazil is completed. The acquisition is the biggest merger and acquisition so far in Brazilian and Latin American port sector…
The containership segment’s commitment to ocean sustainability has been underscored with another order for Thordon Bearings’ COMPAC water lubricated propeller shaft bearing concept. The decision by Brazil-based cabotage carrier Log-In Logística…
Korean carrier Hyundai Merchant Marine (HMM)’s expansion plans are incompatible with market stability. Will it settle for more limited ambitions? An Analysis by Drewry. South Korean carrier Hyundai Merchant Marine (HMM) is back in the news…
Mergers and acquisitions activities for shipping carriers are expected to slow down in 2018, and instead will likely to pivot to freight forwarders, where the industry can expect to see an increase in M&A talks, says online freight forwarder iContainers…
Transshipment operations at the Port of Colombo in January have shot up significantly copmared to January of last year according to Sri Lanka Ports Authority.Aa against 362,451 transshipment TEU operations in January 2017, together with the JCT…
South Korea's Hyundai Merchant Marine (HMM) said that its handling volume of US Premium Service reached over 10,000 TEU as of the end of January. Since May last year, HMM has provided US Premium Service in PS1, PS2, and PN2 routes connecting…
Container carrier Hamburg Süd said it has taken delivery of more than 8,000 new 40-foot high cube standard containers. The new batch of boxes is part of a larger container order by Maersk Line and has now been delivered by the container factory of Maersk Container Industry (MCI) in Dongguan…
A heavy-lift ship carrying four of the U.S. West Coast’s largest container cranes is scheduled to travel through Puget Sound on February 23. Puget Sound Pilots are scheduled to board the Zhen Hua 28, a 761-foot-long heavy-lift ship, early…
For 2018, the world containership fleet is expected to grow in step with global demand, according to BIMCO’s latest container shipping market outlook. DemandHaving experienced falling freight rates from August to year-end in 2017, most…
Global Ship Lease, a containership charter owner, today announced that it has agreed to an extension of its charter with OOCL for the OOCL Qingdao, a 2004-built, 8,063 TEU containership. The extension commences in direct continuation of the current charter with effect from March 11…
iContainers, a 100% online freight forwarder, has been chosen as one of the 32 most innovative and disruptive companies to represent Spain at the Spanish pavilion at this year’s 4YFN (4 Years From Now), a business platform for startups that’s…
A.P. Moller-Maersk plans to expand its transport and logistics business to compete directly with package delivery companies UPS and Fedex as part of a major restructuring, its chief executive said Tuesday. Maersk, the world's largest container shipping company…
The Georgia Ports Authority (GPA) in the USA has embarked upon the Mason Mega Rail Project that will double the Port of Savannah’s on-dock rail lift capacity to 1 million containers per year. As part of the project, the GPA has ordered 8 Konecranes…
The Port of Oakland reported that containerized export volume in January increased 2.1 percent from the same month a year ago. It was the second consecutive month of export growth at the port. The increase follows a 1.8 percent decline in Oakland exports during 2017…
