Dry Container

Rate Increase, Transatlantic Trade

As a result of market instability in the transatlantic trade, Maersk Line is announcing the following general rate increase, effective 1 April 2009. The filed increases are as follows between Northern Europe and the East Coast and Gulf Coast of North America: •    $160 per 20 ft dry container •    $220 per 40 ft container/high cube/45 ft container/reefer The filed increases are as follows between Northern Europe and the West Coast of North America: •    $200 per 20 ft dry container •    $300 per 40 ft container/high cube/45 ft container/reefer  The increases apply equally to all Eastbound and Westbound cargo moving between the US & Canada and Northern Europe.

Crowley Adds 400 Refrigerated Containers

As produce farmers across the Americas gear up for the peak winter produce season, Crowley has added 400 new refrigerated containers to its fleet to accommodate their needs. The 40-ft containers were delivered last week at Puerto Limon in Costa Rica and will be distributed throughout the Central American countries Crowley serves within the next couple of weeks. The state-of-the-art units were purchased to accommodate future growth and to replace older units

Euroseas Buys Containership

Euroseas Ltd., an owner and operator of drybulk carriers, container ship and multipurpose vessels and provider of seaborne transportation for dry bulk and containerized cargoes, signed a Memorandum of Agreement to purchase the M/V Clan Gladiator, a Handysize container ship of 30,007 dwt and 1,742 teu built in 1992 in Germany for $25.7 million. The vessel is scheduled to be delivered to Euroseas around June 11, 2007, at the sellers' option. It will be financed partly by bank debt

China Boosts Demand, Supply For Shipping

Since 2003, has kicked maritime cargo carriers into overdrive by importing huge amounts of raw materials to feed its economy, Investor's Business Daily reports. Until late last year, there were giant spikes in dry-cargo rates fed by 's voracious appetite for commodities. A trigger was 's switch to being a net coal importer in early 2007. Being the world's No. 1 steel maker also makes it a magnet for iron ore. But a blowback from a slumping economy is hitting

Dry Bulk Shippers Fail to Benefit From Trade Growth

The Bedford Report Provides Analyst Research on Genco & Diana Shipping NEW YORK, NY--(Marketwire - March 10, 2011) - The bulk and tanker sectors of the shipping industry have been in the headlines for all the wrong reasons this year. Both sectors have been underperforming as freight rates remain under pressure based on too many available ships and not enough demand to match supply. Compounding the crisis, Chinese demand for raw materials has dropped dramatically as the nation tries to

Jotun to Supply Hull Coatings to COSCO Container

Jotun COSCO Marine Coatings (Qingdao) Co Ltd contracted to supply coatings vessels to drydocked COSCO container ships Under the terms of the agreement, Jotun will supply its top of the range Hull Performance Solution, including SeaQuantum X200 antifouling paint and a High Performance Guarantee, to a number of vessels scheduled for drydock in 2012 and 2013. The first vessel to be upgraded will be the 10 000 TEU COSCO Europe scheduled for dry docking September 2012.

Port of Rotterdam Continues Success

In 2005, 370 million tons of cargo passed through the port of Rotterdam, 5% more than in 2004 and a new record. The volume of cargo leaving the port grew faster than that of cargo coming in, with 9% and 3,5% respectively, with general cargo enjoying 7% growth and bulk cargo 4%. In numbers, container movements increased by 12% to 9.3 million TEU (container units of 20 feet). The total volume of dry bulk cargoes remained stable at nearly 90 million tons

Fos Box Traffic on Growth Trend

Marseilles-Fos container throughput of 397,000 teu from January to May marked a 3 percent increase on the first five months last year. The total included an 8 percent rise to 284,000 teu on east-west trades via Fos. Container tonnage of four million tonnes was up 4 percent for the period and helped general cargo to a similar percentage rise on 7.1MT. A 10% boost in RoRo traffic added 1.8MT to the total. The port’s overall January-May cargo total of 39.7MT was 2.5% down on last year

Marseilles Container Traffic on the Rise

Container throughput at the Port of Marseilles totaled 826,000 teu to the end of October - a 3.7 rise on the first ten months last year - marked by a 6.8% increase to 586,000 teu on east-west volumes through Fos. Box tonnage of 8.37 million tons (+6.9%) helped general cargo to a 5.1% improvement on 14.48MT, which also included a 6% rise in RoRo traffic to 3.65MT. Liquid bulks maintained the upward trend, finishing the period 6.6% better on 2.83MT, but total port traffic slipped 3.5% to 80

ACP to Modify Pricing Structure

Panama Canal proposes tolls adjustments and creates new market segments to reflect real value of the route and better serve its customers.New market segments by vessel type are created and consultation period with interested parties begins. The Panama Canal Authority (ACP) Board of Directors approved a proposal to modify the Panama Canal pricing structure to align Canal toll charges with the value the route provides.   New Segments