The Taiwanese carrier said it had signed charter agreements with both Costamare and Shoei Kisen Kaisha for each to provide, on charter, five 14,000-TEU containerships to be delivered during 2016 and 2017, respectively.
The Rotterdam-based law firm AKD said shipping and international trade and logistics operators may benefit from a recent decision by European Justice Ministers, which will improve their chances of successfully recovering money owed to them by trading partners in European Union countries. The decision effectively opens the door to the Europe-wide freezing of […]
Man Diesel & Turbo engines will power the new combination container/roll-on, roll-off ships being built by Crowley Maritime Corp. for its Florida-Puerto Rico service, the manufacturer said. Each vessel will be powered by an MAN B&W 8S70ME-GI8.2 main engine and three MAN 9L28/32DF auxiliary engines. The ConRo ships will be built by […]
Strikes have stopped operations at some ports in Chile near the beginning of the country’s winter fruit export season.
Container Trade Statistics said that “in line with market expectations, the global containerized output contracted in November, reflecting the cyclical trough associated with the final quarter of the year.” CTS also said global containerized exports in November totaled was 10,384,800 TEU, down 4.72 percent from October, but these totals were 5.47-percent higher than […]
Hanjin told customers on Thursday that it will end its New Trans Atlantic (NTA) service between the U.S. East Coast and North Europe. “This decision comes in light on continuing dismal market conditions, which do not support operational costs,” the Korean carrier said. Other members of the CKYH alliance — Cosco, “K” […]
The U.S. Commerce Department on Thursday announced its so-called “Look South” initiative to help American companies increase their exports to Latin America. The Look South Initiative is specifically focused on increasing U.S. trade with the 11 Latin American economies with which the United States has free trade agreements. They include Chile, Colombia, Costa […]
Gold Star Line (GSL) is ending its Australia China Express Line service known as ACX on Jan. 26 after more than four decades of service. GSL said it will continue to serve and specialize in Africa and intra-Asia trades. “GSL will continue to offer the best services in the intra-Asia trade routes […]
APL said it will reorganize along functional instead of geographic lines “to drive its business forward.” “The container shipping industry is undergoing profound changes, characterized by low growth and intense competition. We recognize there is a need for APL to respond more quickly to the market and to our customers. We are pushing […]
The carrier said Thursday it has received a draft cease and desist order and a draft surcharge order from the Japanese Fair Trade Commission indicating it, as one of several companies in the ro/ro industry, has been involved in unfair trade practices.
Canadian Prime Minister Stephen Harper was in Inuvik in the Northwest Territories Wednesday to mark the start of construction of the country’s first all-weather highway to the Arctic Ocean. The Inuvik to Tuktoyaktuk highway will effectively extend the Dempster Highway in the Yukon and Northwest Territories through to the Arctic coast. “I […]
The Suez Canal Authority has announced the names of 14 consortia that have qualified to draw up master plans to develop an industrial and logistics hub for the canal. Each group was to include one or more foreign and one or more Egyptian consultant. The Suez Canal Regional Development Project “is deemed as […]
The new affiliate will have a structure similar to Maersk’s other regional carriers, which include MCC Transport on intra-Asia trades and Seago on intra-Europe routes.
The Port of Oswego Authority in New York has appointed Zelko N. Kirincich to executive director. He replaced Jonathan Daniels, who took over as executive director and chief executive officer of Mississippi’s Port of Gulfport in June 2013. Kirincich comes from the Port Authority of Tampa, where he worked from 1996 […]
Ownership of the parent company of SSA Marine, which describes itself as the world’s largest independent, privately-held marine terminal operator, has changed hands. Carrix, Inc. and its parent company, FRS Capital Corp., said on Tuesday, GS Infrastructure Partners, an infrastructure fund managed by Goldman Sachs, sold its stock in FRS Capital Corp. to […]
A BBC report over the weekend found that construction on a canal that runs through Nicaragua would probably not begin until next year, but the AP reported Monday reported that construction will begin in 2014.
A.P. Moller-Maersk said it is divesting its shares in a Danish supermarket chain, receiving net proceeds of $3 billion and an accounting gain of about $2.5 billion through the deal.
Yasumi Kudo, NYK Line’s president, said he has created an executive committee to oversee antitrust law compliance; he called on employees to “redouble our efforts to ensure antitrust law compliance in all aspects of our business.”
The vessels, which have an average age of four years, will be delivered individually to Euronav over the coming months, once Maersk Tankers has fulfilled all existing contractual commitments.
Reederei NSB, the owner of the containership MSC Monterey, which sought protection in St. Mary’s Bay, Newfoundland, last week after developing a crack in its deck and hull, said repairs will be made where the ship is anchored and that the ship is not expected to continue its voyage until Jan. 11. NSB […]
