Container Ships

CMA CGM Strengthens Madagascar Presence

Since the creation of CMA CGM Madagascar in 2003, container shipping company CMA CGM Group has continued to develop on the island to move closer to its valued customers

Shippers Turn to Equity Markets as Sector Eyes Recovery

Shipping companies are turning to equity markets to fill a growing funding gap, betting that investors hungry for decent returns will provide capital to a sector

Latest Shipbuilding Contracts Include VLCC Order for Philippine Yard

In the latest Clarkson Hellas S&P Weekly Bulletin newbuilding orders are reported in Far East shipyards for a range of vessels as follows: Bulk carriers Clarkson

Port of LA March 2014 Container Volumes Surge

The Port of Los Angeles has released its March 2014 containerized cargo volume figures, showing that container imports surged 42 percent, from 231,397 TEUsin March 2013 to 327,

TUI's Hapag-Lloyd Stake Drops after CSAV Tie-Up

German travel and tourism company TUI AG's stake in container shipping company Hapag-Lloyd will drop to 13.9 percent following the latter's tie-up with Chilean peer Compania SudAmericana de Vapores.

SC Ports Report Record Pier Container Volumes

Georgetown grows 10 percent fiscal year to date Today South Carolina Ports reported March pier container volumes were the highest since August 2008. Last month the Port handled 85,

Hapag-Lloyd, CSAV Merger Finalized

Hapag-Lloyd and CSAV binding agreement signed / In return for contributing its container business, CSAV becomes new core shareholder of Hapag-Lloyd / Hapag-Lloyd

Quiet March Sees Cargo Slow in Long Beach

Harsh winter elsewhere, ship deployment changes soften traffic Container volumes at the Port of Long Beach dipped in March, compared to the same month one year ago, with a decline of 1.

West Coast is Key for Exporting Bigger Canada Crops

Canada needs to invest in shipping more grains and oilseeds off the West Coast as harvests get larger, to avoid the massive transportation backlogs that followed last year's record crops,

Samsung Heavy Takes Up 7 Container Ship Order

 South Korea's Samsung Heavy Industries said on Wednesday that it is proceeding with a project worth 642.9 billion won ($617.67 million) to build seven container ships as planned.

Search is on for Man Overboard in the Pacific

The U.S. Coast Guard is searching for a male crewmember reported overboard from a container ship approximately 805 miles northeast of Oahu, Monday. Watchstanders

Ben3D Introduces ContainerTug 600S

Ben3D BV Naval Architecture introduce in collaboration with Oonincx Shipbuilding BV the innovative ContainerTug 600S. A strong, compact Dutch built workboat with

Cargo Sits Waiting a Fortnight in Asia: Analysts Seek Reasons

Jochen Gutschmidt, head of global transport procurement at Nestle, asked the Global Liner Shipping Conference in Hamburg last week: “Why is cargo waiting in Asia

New Dry-Freight Box Prices on the Rise

Prices for new dry freight containers increased in the opening months of 2014 for the first time in two years, observes Drewry's latest 'Container Leasing and Container Census'.

IMF April Update Sees Lower Global GDP Growth

Recovery strengthens, remains uneven The message from the IMF is clear: The global recovery is still fragile despite improved prospects, and significant downside risks—both old and new—remain.

Long Beach Dismisses Proposed Los Angeles Merger

A proposal by the LA 2020 Commission to merge the ports of Los Angeles and Long Beach – the two busiest container ports in the US – has been slated by Long Beach

Sea Star Line Vessel Used in Training Exercise

On April 2, 2014, Sea Star Line’s vessel El Faro and its employees participated in a joint training exercise at North Florida shipyards. The training exercise focused on evaluating agency procedures,

Box Ships announces Prices Public Offering

 Box Ships Inc.,ATHENS,  today announced that it has priced its public offering of 5,000,000 units consisting of its common shares and warrants at $2.05 per unit.

Agreement Reached on Hong Kong Pellet Spill

Regarding the massive spill of polypropylene plastic pellets into the Hong Kong waters from a cargo ship during typhoon Vicente in July 2012, and following active

Townsville Opts for a Liebherr LHM 420

Australian-based Northern Stevedoring Services (NSS) has placed an order for a Liebherr mobile harbor crane, type LHM 420, to operate on Berth 3 and 4 in the Port of Townsville, Queensland.

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