Shipping freight rates on the world's busiest route, from Asia to Northern Europe, fell by the largest percentage amount since 2008, reflecting wild volatility
German lender HSH Nordbank could split off a "bad bank" for non-performing shipping loans as part of a plan to create a sustainable business model, according to a person familiar with the matter.
Kalmar, part of Cargotec, has received an order to supply a further 18 rough terrain container handlers to the United States Department of Defense. Destined to replace older equipment,
South Carolina Ports Authority (SCPA) informs it has handled nearly 15 percent more pier containers fiscal year to date than the same period last year, with total
Puget Sound container volumes stabilized in April, growing 1 percent year to date to 1,106,384 TEUs.
The moderate volumes reflect the return of normal operations
Container service reliability reached a data-series high in April with the aggregate on-time performance for the three key East-West trades rising to 67.6%, up by 4.
APL introduced a new weekly service aimed to enhance its network coverage in the Americas. The new America Caribbean Express (ACX) service, which links Central America and U.
MV Barzan, a vessel recognized as the world's most environmentally friendly ultra-large container vessel, has been registered on the Malta flag.
MV Barzan is one of 17 (11 x 15,
French container shipping company CMA CGM said it has implemented a War Risk Surcharge on all shipments to Hodeidah, Yemen.
Applicable with immediate effect,
The world’s first 18,800 TEU LNG-ready ultra-large containership, M.V. Barzan, was recently named at a ceremony in South Korea. MV Barzan is one of 17 (11 x 15,
International Container Terminal Services, Inc.’s (ICTSI) dry port unit, Laguna Gateway Inland Container Terminal (LGICT), recently broke ground to start the
French container line CMA CGM’s consolidated net profit soared to $406 million in the first quarter from $97 million a year ago as the French carrier capitalized on efficiency gains,
Maersk Line announced that it has entered into Vessel Sharing Agreement (VSA) with Mediterranean Shipping Company (MSC) and Mitsui O.S.K Lines (MOL) on the Asia to East Coast of South America trade.
Strongest April for Port of Long Beach since 2006
Container cargo flow through the Port of Long Beach increased 7.9 percent in April compared to the same month last year,
BIO-UV informs it has started the process of USCG Type Approval for its BIO-SEA BBWTS. Land-based and shipboard tests are currently underway.
The original design has been retained,
Container shipping company CMA CGM’s board of directors met under the chairmanship of Jacques R. Saadé, chairman and chief executive officer, to review the financial
Port of Savannah container volumes jumped 25.8 percent in April, with a total volume of 335,337 twenty-foot equivalent container units, or an additional 69,000 units.
Global Ship Lease, Inc. has agreed to extend the time charter for the Ville d'Aquarius, a 1996-built, 4,113 TEU vessel currently on charter with Sea Consortium Pte Limited,
The Port of Hamburg handled total throughput of 35.6 million tons (up by 0.1 percent) in the first quarter of 2015. Bulk cargoes at 11.7 million tons (up by 12.
Shipping freight rates for transporting containers from ports in Asia to Northern Europe dropped 23.6 percent to $658 per 20-foot container (TEU) in the week ended on Friday,