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The Containers

Reefers Segment to Witness Highest Growth by 2021

Photo: ARD-aktuell / tagesschau.de

 Shipping containers are defined as containers that facilitate the transport and carriage of goods without the need to unload and/or reload the cargo at intermediate points.    These containers are large rectangular boxes made of a special corrosion resistant grade of steel and are characterized by high strength and durability. Containers are generally made up of aluminum and steel. The size and type built of each container comply with specifications and regulations formulated by the International Organization for Standardization (ISO).   Shipping containers are classified into three main categories, namely dry containers, reefer containers, and tank containers. Dry containers are the most commonly used containers and are used in the transportation of bulk cargo, whereas reefer containers are used for transporting perishables such as fruits, vegetables, and dairy products, among others.   Lastly, tank containers are cylindrical containers fitted in a rectangular steel frame. These containers facilitate intermodal transport of liquid chemicals and other liquids from one place to other. There are, however, other types of containers that cater to specific needs, such as containers for transporting out-of-gauge cargo. These may be either platform type or open-top containers, among others.   


COA Appoints STX Panocean's Kwon to BoD

The Container Owners Association – the international organization representing container shipping lines and container leasing companies worldwide – has appointed Mr O I Kwon, Senior Vice President – Container Business Management Division, STX Panocean Co Ltd, to its Board of Directors. Mr Kwon joins six other Directors, who represent some of the world’s largest container owners, on the Board of the Container Owners Association.


Atlantic Container Rates To Soar

Starting next year, the price to ship a container across the Atlantic ocean is to soar, as container shipping lines on the Atlantic will be seeking hefty rate increases s next year. Rates for 20 foot containers heading westbound to U.S. Atlantic, Gulf and Pacific ports would rise by $600 from January 1, 2000, carriers in the Trans-Atlantic Conference Agreement (TACA) said. For 40 and 45 ft units the increase would be $750, they said


Cargo Ship Loses Containers in Heavy Seas

The container ship Seaboard Voyager lost four of its containers approximately 18 miles north of Puerto de Tanamo, Cuba, Wednesday 2:18 p.m. Coast Guard Marine Safety Office Miami received the report from the ship's master at 11:30 a.m. yesterday that Seaboard Voyager encountered rough seas and bad weather off the Cuban coast and four containers became loose. The Coast Guard instructed the master to anchor the ship off the coast of Miami so safety inspectors could make sure the ship


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


Port Everglades Equipped for SOLAS Weight Verification

Terminal operators at Broward County's Port Everglades say they are already equipped to help shippers handle the new international container weight verification requirements that go into effect on July 1, 2016.   Certified scales are available at several locations throughout Port Everglades to use to weigh export containers. Ocean shippers are encouraged to confirm availability and fees with their contracted marine terminal operators for compliance with the new verified gross mass (VGM)


ITCO Promotes Safe, Green Tank Containers

The International Tank Container Organisation (ITCO) will unveil a new tranche of industry knowledge on intermodal tank containers in three specialist presentations to be made at the Transport Logistic 2009 event in Munich on 12-15 May 2009. Two of the papers highlight recent studies which bring together a wide range of established knowledge to explain why tank containers are the safest, most reliable and efficient means of transporting bulk liquids, powders and gases


More Cargo Loading Flexibility

Classification society Germanischer Lloyd (GL) is offering container carriers additional flexibility to load more containers on deck, while maintaining required safety levels.   With new route specific loading calculations, GL can assist container lines to accelerate cargo operations in ports and maintain a higher degree of loading flexibility.   Based on long-term statistical data on wave conditions, GL has developed a new class notation for route dependent container stowage


COA Appoint Panocean V-P to Board

The Container Owners Association (COA) appoints O. I. Kwon, Senior V-P, Container Business Management Division, STX Panocean, to its Board. The Container Owners Association (COA) was established in November 2004 as an international organisation representing the common interests of all owners of freight containers, worldwide. It has over 165 Members, including container shipping lines, leasing companies, intermodal operators and suppliers of a wide range of container equipment and services


Lion Containers Joins Achilles FPAL

Lion DNV Containers.jpg

Lion Containers Ltd. announced that it has joined Achilles FPAL, the supplier management community supporting the European oil and gas industry. Achilles FPAL is a community used by major buying organizations within the oil and gas sector. It enables the oil and gas sector to use Achilles' proven supplier prequalification system to identify, prequalify and assess suppliers for tender opportunities and minimize risk within their supply chains


HMM Adopts INTTRA's eVGM Solution

INTTRA now offers an eVGM solution that enables customers to seamlessly comply with SOLAS VGM. Photo INTRA

Hyundai Merchant Marine (HMM) has expanded its longstanding relationship with INTTRA, the world's ocean shipping electronic marketplace, by adopting the INTTRA eVGM Service as a channel to facilitate compliance with the International Maritime Organization's Safety of Life at Sea (SOLAS) Verified


Con-Green 2000 - Next Generation of Feeder Vessels

Image: DNV GL

 The largest container vessels are designed for the greatest possible efficiency – maximum intake, minimum fuel consumption. Their smaller cousins, however, have not received the same level of attention – but this is beginning to change, says Jai Oh Sun, Engineer / Pre-Contract


VGM Grace Period Ends October 1

File photo: Port of Savannah

The three-month settling-in period suggested by the IMO to its Member States in which competent authorities were urged to adopt a ‘practical and pragmatic’ approach to the enforcement of the SOLAS revision stipulating all packed containers have a verified gross mass (VGM) before being


Chittagong Port Strike Postponed

Photo: Chittagong Port Authority

 The Prime Mover-Trailer Owners Workers Unity Council of Chittagong Oikya Parishad has postponed their ongoing strike till October 4 at Chittagong Port.  This has ended the deadlock in goods transportation at the sea port for the time being.   


Pile Driving Begins for Tacoma’s Pier 4 Upgrade

Photo: Northwest Seaport Alliance

Manson Construction of Seattle has begun driving the first of 1,241 piles to align Pier 4 with an adjacent pier to create one contiguous berth capable of serving two 18,000-TEU container ships within the Port of Tacoma. The upgrade will help the port support larger container cranes and vessels


COSCO Mulls Hanjin Port Asset Purchase

GwangyangTerminal.jpg

China's COSCO Shipping Co Ltd may consider buying the port assets of troubled South Korean firm Hanjin Shipping Co Ltd, Chinese online finance magazine Caixin reported on Wednesday. But COSCO Shipping has no plans to buy the world's seventh-largest container carrier's ships


South Africa Raids Boxship Operator's Offices

File Image: a CMA CGM boxship alongside and loading cargo. (Credit: Marad)

Six of the world's biggest container shipping companies were raided by South African authorities on Wednesday on suspicion of colluding to inflate rates between Asia and South Africa, the country's Competition Commission said. The six companies comprise local subsidiaries of Denmark's Maersk


S. Korean Court Mulls Sale of Hanjin

Photo: Hanjin Shipping Co

 The South Korean bankruptcy court handling the insolvency proceedings of Hanjin Shipping Co. said Wednesday a sale of the troubled company is possible, say media reports. However, the court has yet to reach a decision.   "The sale of Hanjin is one of the options we're considering


Maersk, Danske and Nordea to shed Ship Finance Stakes

A.P. Moller-Maersk , Danske Bank and Nordea Bank will sell their shareholdings in shipping lender Danish Ship Finance worth 4.25 billion Danish crowns ($638.05 million) to a consortium of Danish investment funds, the company said Wednesday.


Cosco wins Abu Dhabi Container Terminal Concession

Abu Dhabi Ports has awarded China's Cosco Shipping a 35-year concession to build and operate a new container terminal at Khalifa Port, the chief executive of the Abu Dhabi company told Reuters on Wednesday. The terminal is expected to be operational in the first quarter of 2018


JNPT Now Harnessing Solar Power

Photo: Jawaharlal Nehru Port Trust

 India’s largest container port, Jawaharlal Nehru Port Trust (JNPT) will now harness solar energy and reduce its dependency on conventional electricity from the grid.  JNPT is installing solar power plant on several rooftops in its township and commercial premises.  


Moody's Threatens Downgrade of Maersk

Photo: Maersk Group

 Denmark-based shipping and oil company A.P. Møller-Mærsk A/S (Maersk)'s decision to split the group into two parts now get the credit rating agency for questioning to the light blue conglomerate's debt. It ends "probably" with a downgrade


Maersk Line Orders 14,800 New Reefer Containers

File photo: Maersk Line

Maersk Line has ordered 14,800 new reefer containers in 2016, driving the average age of its 270,000 unit reefer container fleet down to 7.9 years.   Part of the reefers replace older equipment, and add to the 30,000 reefers acquired by Maersk Line in 2015.  


COSCO Ports Arm Inks Terminal Deal in Abu Dhabi

Photo: Abu Dhabi Ports

Abu Dhabi Ports has signed a container terminal concession agreement with COSCO SHIPPING Ports Limited - Abu Dhabi (CSPL SPV), a wholly-owned subsidiary of container terminal operator COSCO SHIPPING Ports Limited, a subsidiary of China COSCO SHIPPING Corporation Limited.  


Container Shippers Raided in S.Africa over Suspected Collusion

File photo: Maersk Line

Six of the world's biggest container shipping companies were raided by South African authorities on Wednesday on suspicion of colluding to inflate rates between Asia and South Africa, the country's Competition Commission said.   The development comes as global container lines struggle in






 
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