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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


Two New Shipping Lines to Hamad

Photo: Hamad Port

 Two new maritime lines are launched from Hamad Port which will enhance Qatar’s trade connections with various ports in China, India, Malaysia, Turkey and Greece, among other countries.   Qatar News Agency (QNA)  said that both lines will run on a weekly basis. 


Global BCOs Hit by Rising Contract Rates from Asia

Graph: Drewry Benchmarking Club

 Contract freight rates paid by Beneficial Cargo Owners to move their products by container have increased for a 4th consecutive quarter, according to actual contract rate data from the Drewry Benchmarking Club.   Average contract rates on two major container trade routes - from Asia


Kalmar, MSC Pact for Container-Handling Equipment

Photo: Cargotec

 Kalmar, part of Cargotec, is to continue its cooperation with Mediterranean Shipping Company (MSC) with a new order for container-handling equipment.    The order, comprising five Kalmar reachstackers and two empty container handlers


CMA CGM Confirms CSSC Yards for Mega-Ships

Photo supplied by the company

 CMA CGM, the world's third- largest container line, and CSSC Group have officially signed the contract for the construction of nine 22,000 TEU ships, the largest container vessels ordered so far.   In the presence and witness of the top management by CMA CGM and CSSC


NY/NJ Welcomes CMA CGM Theodore Roosevelt

Photo: APM Terminals

 The 14,400 TEU capacity CMA CGM Theodore Roosevelt became the largest container ship to call the port of New York and New Jersey when it arrived at the APM Terminals Elizabeth container terminal.    The ultra-large container ship also established a new record as the largest


HMM Completes First Blockchain Pilot Voyage

Image: Hyundai Merchant Marine

 Hyundai Merchant Marine (HMM) announced that it has successfully completed its first blockchain technology adopted pilot voyage.   HMM, with other members of shipping and logistics blockchain consortium, have conducted its first pilot voyage from Korea to China (Busan to Qingdao) with


MPC Containerships to Use USD 100mln Bond Proceeds for Fleet

Image: MPC Container Ships Invest B.V

 MPC Container Ships Invest B.V., a wholly owned subsidiary of Oslo-listed MPC Container Ships AS, has successfully completed the issuance of a new senior secured bond issue of USD 100 million.    The bond issue has a 5 year tenor, carries a floating interest rate of 3m LIBOR + 4


New Orleans' Big Plans Showing Dividends

(Photo: SEACOR)

A Container-on-Barge service intended to be an integral part of the regional intermodal equation is gathering momentum – and customers.    Quietly, the Port of New Orleans (NOLA) has marked some important accomplishments in the past two years, across multiple business sectors


Konecranes Pact with MPET in Antwerp

Photo: Konecranes

 Konecranes signed a major service agreement in which its Antwerp-based service organization will perform all of the maintenance and repair work on more than 150 Konecranes Noell Straddle Carriers of different generations for MSC PSA European Terminal (MPET)


Euroseas Acquires Vessels and Full Ownership of Euromar

File Photo: Euroseas Ltd

 Euroseas announced that it signed a memorandum of agreement to purchase the M/V EM Athens and EM Oinousses, both feeder size containership vessels of 2,506 teu built in 2000.   The Company also announced that it acquired the option to purchase from Euromar two additional container


JNPCT Wins “Container Terminal of the Year” Award, 2017

Photo: Jawaharlal Nehru Port Container Terminal

 Jawaharlal Nehru Port Container Terminal (JNPCT) was awarded “Container Terminal of the Year” Award for the above 0.6 million TEUs category at The Gateway Awards 2017 held at Mumbai.   The Jawaharlal Nehru Port owned JNPCT won the award for its proactive strategies to ease


Hong Kong Looks to Ride Out Boxship Turmoil

File Image: A view of busy Hong Kong Harbor (CREDIT: Joseph Keefe)

Hong Kong's port expects a slight rise in container shipping volumes this year despite continuing global turmoil in the sector.   The global container industry, which transports everything from bananas to iPhones, is showing signs of better returns after a near-decade long slump.  


CMA CGM Confirms Order for Nine Mega Ships

(File photo: Port of Long Beach)

CMA CGM, the world's third-largest container shipping firm, said it expected operating profits to improve further in the second half as the market continues to recover, and confirmed an order for nine giant vessels.   The announcements by French-based CMA CGM underlined a recovery in the


CMA CGM Reports Better Result in Q2 2017

Photo: CMA CGM

 CMA CGM  recorded a net income of $219 million on revenues of $5.55 billion for the second quarter of 2017, with volumes rising 33.3 percent year-over-year. Volumes carried grew with the integration of APL, the launch of OCEAN ALLIANCE and the industry dynamism, the company said.


Hapag-Lloyd Orders 7,700 New Reefer Containers

Photo: Hapag-Lloyd AG

 This year, Hapag-Lloyd will once again make investments to maintain and expand its container fleet. The liner shipping company has ordered a total of 7,700 refrigerated containers (Reefers) of the latest generation – including 7,000 x 40-foot and 700 x 20-foot units.   






 
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