Containerships News

 

Crowley Adds 400 Reefer Boxes to Fleet

Dec 06, 2018

Crowley Logistics has added 400 new refrigerated (reefer) cargo containers to its industry-leading equipment fleet just in time for the peak perishables shipping season beginning in Central America.The additional units, all 40-foot-long, high cubes built to Crowley’s exacting standards…

Samskip’s UK Investments Transcend Brexit Disruption

Dec 05, 2018

Two years of pre-Brexit investment in North Sea container shipping services is proving decisive in winning shippers away from cross-Channel ferry routes at a critical time for UK-EU relations, according to leading multimodal operator Samskip…

NWSA's Terminal 18 Breaks Records with 2018 Volume

Dec 05, 2018

SSA Marine’s Terminal 18 surpassed 1 million twenty-foot equivalent units (TEUs) in yearly container volume last week, marking the first time in Washington state history that a single marine terminal handled a million TEUs in a year.Located in the North Harbor of The Northwest Seaport Alliance…

Hyundai Merchant Marine to Say Good Bye to 2M Alliance?

Dec 04, 2018

South Korea's largest shipping firm Hyundai Merchant Marine (HMM) is likely to part ways with the 2M Alliance which will expire in April 2020 and join  a new ocean alliance said a local media report.According to a report in Business Korea, the…

NYK Pushes Decarbonization via NYK Super Eco Ship Design

Nov 14, 2018

As a part of the NYK Group’s medium-term management plan “Staying Ahead 2022 with Digitalization and Green,” a new future concept ship has been designed by incorporating innovative technologies that will result in an emission-free vessel — the “NYK Super Eco Ship 2050…

Savannah Achieves All-time TEU Record in October

Nov 13, 2018

The Port of Savannah moved more container cargo in October than any other month in its history, with 413,800 twenty-foot equivalent container units crossing its docks. Containerized trade at the Port of Savannah has increased by 8 percent for the fiscal year to date (July-Oct…

AP Moeller Maersk Q3 EBITDA seen up 12 pct; Analysts Weigh In

Nov 13, 2018

AP Moeller Maersk third-quarter results are due on Wednesday, November 14th. The Q3 operating profit is forecast to be $371 million.A poll of forecasts for the Danish shipping group is emerging. Of the eight analysts who disclosed their recommendation on the AP MOELLERMAERSK stock…

NRF: Retail Imports Slowing but Remain Strong For Now

Nov 09, 2018

Imports at the nation’s major retail container ports have slowed down from their pre-holiday peak but remain at unusually high levels as retailers continue bringing in merchandise before tariffs increase in January, according to the monthly…

Three Asian groups vie for Brazilian Wilson Sons Ports

Nov 08, 2018

Three Asian groups are interested in acquiring two container terminals up for sale by Brazilian private port operator Wilson Sons, Brazilian newspaper Valor Economico reported on Thursday.Singapore's PSA, China's Hutchison Port Holding and China…

North Carolina Ports Hosts Second Annual Cold Chain Summit

Nov 08, 2018

North Carolina Ports hosted the Cold Chain Summit 2018: Cold Gateways Expansion – Farm to Table and Beyond in historic downtown Wilmington on Wednesday.This is the second year NC Ports has organized and hosted the event focusing on current markets…

Russia's Abramovich, Partner to Buy TransContainer Stake from VTB

Nov 08, 2018

Roman Abramovich and a business partner will buy a 24.84 percent stake in Russia's largest freight container operator TransContainer from VTB bank, two industry sources told Reuters on Thursday.Abramovich, best known in Britain as the owner of the English Premier League soccer club Chelsea…

Moody’s: U.S.-China Trade War Means 'Dip' in Global Growth

Nov 08, 2018

Credit rating agency Moody’s warned on Thursday that global economic growth was likely to slow in the next two years and that it expected the trade war between the United States and China to escalate further.'We expect global growth to slow to under 3…

Port of Los Angeles Issues Statement on Box Incident

Nov 01, 2018

The following information was released by the Port of Los Angeles:Because our facilitation of a safe and secure supply chain is top priority at the Port of Los Angeles, the incident involving an export-bound shipping container that exploded…

U.S. Soybean Growers Mull Box Shipping as Trade War, Record Harvest Loom

Nov 01, 2018

Illinois Soybean Association Rallies U.S. Growers to Consider Shipping Via Container to Find New Markets for Anticipated Record Harvest.The anticipated bumper harvest of U.S. soybeans this fall amid a trade dispute with China presents an opportunity…

CMA CGM Completes Containerships Acquisition

Oct 31, 2018

The CMA CGM Group has completed the acquisition of Containerships, a container-transportation and logistics company.The European Commission authorized this transaction on October 22nd. Containerships, which specializes in the intra-European market…

Logistics News

US Commerce Disorganization Stalls Thousands of Export Approvals

US Commerce Disorganization Stalls Thousands of Export Approvals

Russian Oil Vessels Forced to Divert From India Under US Sanctions

Russian Oil Vessels Forced to Divert From India Under US Sanctions

Hanseatic Global Terminals Launches Latin America Expansion

Hanseatic Global Terminals Launches Latin America Expansion

Two CK Hutchison-Operated Ports Near Panama Could See State Partnerships Take Over

Two CK Hutchison-Operated Ports Near Panama Could See State Partnerships Take Over

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