Wallem Commercial Services said two new Supramax vessels have been added to its commercially-managed fleet. Nitin Mathur, Managing Director of Wallem Group Singapore, said the two new vessels bring the total number of ships under Wallem’s current commercial management to 20.
To maintain and expand its container fleet, Hapag-Lloyd, a global container line, has purchased 3,700 Star Cool Integrated containers as part of their recent reefer investments from Maersk Container Industry (MCI). Of these, 1,000 Star…
Greece-based Diana Shipping inc. on Tuesday reported a loss of $24.5 million in its third quarter of of 2017. Its net loss attributed to common stockholders was $25.9 million. This compares to a net loss of $78.3 million and net loss attributed to common stockholders of $79…
ZIM said it has successfully completed a trial run of paperless bills-of-lading based on blockchain technology. The pilot, performed in cooperation with Sparx Logistics and Wave Ltd., marks a first of its kind project led by an ocean carrier…
Veteran Maersk Leader, Omar Shamsie, becomes President of Maersk Line in North America. Maersk Line, the world’s largest container shipping company, announces the appointment of Omar Shamsie as the new president of Maersk Line in North America effective December 1st…
Singapore's non-oil domestic exports (NODX) rose at a much stronger pace than expected in October, thanks to growth in both electronics and non-electronic sectors, official data showed on Friday. Exports increased 20.9 percent in October year-on-year…
In August 2017, Hong Kong’s Competition Commission refused to grant a block exemption to the Hong Kong Liner Shipping Association’s application for their companies to exchange market information, citing ‘competitive concerns.’ Maintaining…
The explosive growth of international boxships is challenging not only the physical infrastructure of North American ports, but also the very nature of the existing supply chains that they impact. The recent dialogue on container shipping has been all about so-called “mega-ships…
The Port of Los Angeles said it is on pace to become the Western Hemisphere’s first-ever port to move 9 million 20-foot equivalent units (TEU) in a single year, following strong box volumes in the month of October. Although October 2017 container volumes were down 8…
Hong-Kong based carrier Swire Shipping will offer general, non-containerized cargo and container service at Oregon’s sole international port from January 2018.A new call at Port of Portland's Terminal 6, which will likely be monthly and…
The Board of Directors of QTerminals, the recently-established operator of the first phase of Hamad Port in Qatar, has appointed Neville Bissett as the company’s first Chief Executive Officer. QTerminals was established as a jointly-owned…
Yang Ming announced an increase in third quarter profits of 23.4 percent from the same quarter last year. At its board meeting on November 9, the company approved the financial report that showed revenues for the third quarter of 2017 rising to $1…
A year of records continues at the Port of Long Beach, where this October was the busiest in history, as container volumes surged 15 percent compared to the same month a year ago. Trade has been growing so rapidly in 2017 that the record-setting October — at 669…
Since Hurricane Maria made landfall on September 19th, TOTE Maritime and its employees have been working around the clock to get relief and commercial goods to the people of Puerto Rico. Certainly, the largest effort is underway in San…
The Ministry of Commerce (MOFCOM) in China approved Danish shipping giant Maersk Line’s proposed acquisition of Hamburg Süd, reported Reuters. Maersk Line, the world’s biggest container shipping company, will pay 3.7 billion euros ($4.3 billion) to buy German rival Hamburg Sud…
