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 receives of new containers and related equipment as part of $32.7 million fleet optimization investment Crowley Maritime Corp. is continuing to receive and place into service $32.7 million worth of new cargo carrying equipment. The latest additions include 325, 20-foot chassis and 440 generator sets (gensets) all of which should be received by the end of April and 600, 53-foot (102-inch wide) dry containers along with 400, 53-foot chassis
In response to continuing high customer demand, Crowley Maritime Corporation’s liner services group has placed orders for additional equipment, including hundreds of new chassis and containers for use in the company’s U.S., Puerto Rico, Caribbean and Central America trade lanes. This latest equipment acquisition includes nearly 400 gensets – both nosemounts and underslungs – which will begin arriving in Jacksonville between July and September
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
Drewry’s latest Container Equipment Insight, exclusive to subscribers of Drewry’s Container Leasing and Container Census reports, saw prices for new dry freight containers increase in the opening months of 2014 for the first time in two years. Standard box prices declined gradually throughout 2013, falling by late in the year to their lowest point since 2009, and they have so far barely managed to recover 10% by April 2014
Maersk Line informs its customers it will be implementing a General Rate Increase (GRI) for dry cargo shipments from Houston, TX and New Orleans, LA to West Coast South America. All dry cargo shipments loading from Houston, TX and New Orleans, LA to Chile, Colombia, Peru, Ecuador and Bolivia will be increased by the following amounts and scope, with an effective date of September 16, 2013: • USD 150 per 20’ container
Workers at French ports embarked on a national strike starting at 6 a.m. local time today, February 12. The strike, which affects most public terminals but not private ones, will likely last 24 hours. Fos/Lavera - Port workers stopped work 12/0600 (probably until 13/0600) at Fos/Lavera oil terminals (not fully privatized). Dry bulk and containers terminals must be affected too (dockers). Le Havre - Private terminals (CIM/Antifer – crude oil and product cargoes) not affected/ Dry
China's slower growth and economic transition will pose significant risks for the already struggling shipping sector, rating agency Fitch said. The shipping sector is already faces overcapacity, weak freight rates and stretched financials. "Weaker data on exports and manufacturing in China and its economic transition increase uncertainty for container shipping," said Fitch in a report.
Described by publishers Drewry Maritime Research as the definitive Annual enhanced with quarterly updates released in July, October, January and April. Key areas of analysis in the Annual include: • Development of the global container fleet • Forecasted supply and manufacturing levels of new containers • Fleet ownership profiles, including geographical analysis
India Ratings and Research (Ind-Ra) has maintained a negative-to-stable outlook for the shipping sector for the current financial year. The agency expects the performance of dry bulk and container operators to continue to be affected by weak global trade growth and persistent overcapacity, while the offshore segment will face the negative impact of lower crude oil prices. The agency, however, believes that the tanker segment
CMA CGM’s mega containership Vasco De Gama ran aground off the Port of Southampton on the UK’s south coast just after midnight on August 22, 2016, reported Fleetmon. The damages of the 2015-built, 17,859 teu giant vessel are being assessed
The promise that some oil traders and brokers saw for an expanded Panama Canal to become a new route for large tankers will take longer to realize than expected because many ships must first undergo inconvenient retrofits to transit through the new locks, shipping industry experts said.
The west lane of Miraflores Locks will be out of service beginning late Monday, August 22 for scheduled dry chamber seal repairs on Miter gates 106-107, 114-115, 118-199 and 122-123. The repairs are planned to last four days to August 26.
German state-owned lender NordLB and KKR Credit said they had reached an agreement by which KKR Credit will acquire a $1.5 billion portfolio of shipping loans from NordLB jointly with an unspecified sovereign wealth fund. The portfolio of performing and non-performing loans will include up to
Ocean Shipping Consultants' 2016 container traffic report for the west coast of Canada forecasted that container demand through the Port of Vancouver and Port of Prince Rupert would be 6.62 million twenty-foot equivalent unit containers (TEUs) by 2030 (base case), with 5.93 million TEUs and 7
U.S. Coast Guard, industry working together in preparation for the implementation of inspected towing vessel regulations Marine Inspectors from Marine Safety Unit (MSU) Portland conducted a field dry dock examination, Wednesday, to educate and train the towing vessel community on new
On August 18, a new container terminal built by NYK Line together with PT. Pelabuhan Indonesia II (Persero) (IPC), Mitsui & Co. Ltd. and PSA International Pte Ltd opened for commercial service at Tanjung Priok Port in Jakarta, Indonesia.
In contrast to an international downturn, French port Marseille Fos has reported exceptional results for July with 7.8 million metric tons of cargo and 387,000 passengers – up by 18.6 percent and 13 percent respectively on the same month last year.
In the world of seaborne trade, distance forms a crucial element in terms of determining how much demand for vessel capacity is created by trade volumes, says Clarksons Research. One interesting measure of this is the estimated average haul of global seaborne trade
Navios Maritime Partners has reached an agreement with South Korean shipping company Hyundai Merchant Marine to cut the hire rate of five container vessels chartered out to HMM by 20%. Pursuant to the charter restructuring documentation executed on July 15, 2016
Before the Olympic flame was lit in the Maracanã stadium on Saturday, August 6, worldwide shipping group CMA CGM had transported thousands of containers of goods and equipment to Rio, having begun its shipments for the 2016 Olympic Games in December 2015.
More activity from Australian miners buoy capesize rates; dry cargo market remains over-tonnaged as fleet growth outpaces demand. Freight rates for large capesize dry cargo ships on key Asian routes should stay largely unchanged next week on static cargo volumes though shipowners remain
Marshall Islands corporation headquartered in Stamford, Connecticut Eagle Bulk Shipping Inc has announced that it has closed its previously announced private placement of its common stock for aggregate gross proceeds of $88.0 million.
Greek dry bulk ship owner Diana Shipping announced it entered into a time charter contract with Glencore Grain B.V., Rotterdam for one of its Panamax dry bulk vessels. The vessel in question is the 77,901 dwt MV Ismene, which was hired at a gross charter rate of $ 5,850 per day
Shipping refrigerated goods? Maersk Line's Remote Container Management ensures the ideal environment for your shipment, claims the company. " We’re always looking for ways to improve cargo care on behalf of our customers