Evergreen Marine reports a second quarter profit and says it will add 23,000 TEU ultra-large containerships to its fleet.
Hyundai Merchant Marine, South Korea’s largest container carrier, said it had a smaller loss in the second quarter this year than in the same period in 2018.
Yang Ming had an operating profit in the second quarter but notes U.S.-China trade conflict has weakened demand for container transportation.
A container fire aboard the APL LeHavre comes as many liner companies are cracking down on misdeclared cargo.
Matson, the largest U.S. domestic container carrier, said it is lowering its operating income projection for 2019, citing lower container volumes to Hawaii.
Seaspan says high demand for containerships has shielded it from the U.S.-China trade war.
Hapag-Lloyd says it outlook for the second half of 2019 is unchanged even if it has to deal with more trade restrictions.
Escalations in trade tensions between the U.S. and China could discourage containership owners from ordering new ships.
Drewry says it expects a brief spike in transpacific freight rates to the U.S. West Coast following President Trumps threat to impose a new round of tariffs on imports from China.
Ports are asking that Chinese-made container cranes be excluded from the list of products on which President Trump has threatened a 10 tariff.
The Energizing American Shipbuilding Act seeks to revive domestic shipbuilding and maritime industries.
PSA International Pte Ltd said it has completed the acquisition of Halterm Container Terminal in Halifax, Nova Scotia, from a fund managed by Macquarie Infrastructure and Real Assets.
GSC handles 12 percent of import containers in Oakland, but its leadership is concerned about plans to build a baseball stadium on port property,
Jens Bjørn Andersen, chief executive officer, said the company was “very pleased with the strong results for the second quarter of 2019. Global transport markets are soft – especially within air freight, but DSV has managed to outgrow the market while still delivering market leading profitability.”
Shippers Transport Express, an affiliate of the stevedoring firm SSA Marine, has obtained a long-term lease on land it uses as a dray-off yard in the Port of Oakland.
Shipowner organizations are expressing concern about proposed modification of tolls at the Panama Canal on Jan. 1 and are asking for it be postponed until June 2020.
OOCL reported its second quarter 2019 earnings while also announcing that it was canceling several Asia-Europe sailings for a three-month period.
MTC Logistics broke ground July 24 for a 12 million-cubic-foot temperature-controlled distribution center in the Port of Mobile.
Chris Connor, the new president and CEO of the American Association of Port Authorities, is enthusiastic about advocating for the varied needs of its members.
DP World (Dubai: DPW) said July 24 that it has reached agreement to create a $1.2 billion container port and industrial logistics port in East Java with the Indonesian conglomerate Maspion. The new terminal is to be located just a few miles from a containerport DP World had operated until this spring. The Maspion International […]