Sunday, April 22, 2018

5 or 6 Groups to Survive Container Shipping Industry – Maersk Chief Predicts

  CEO of AP Moller Maersk went on record to state that in the future he predicts only five or six survivors in the container...

China Gains Deal to Build 9 Ultra Large Container Ships, Korean Shipping Industry in...

In the 25th year of their diplomatic relations, the competition between China and South Korea intensified after the former gained the world's largest container...

Container Volumes Jump A Record 16 Percent at Port of Los Angeles

July was an eventful month for the Port of Los Angeles, also known as America's Port. In an impressive effort, the port's container volumes...

Diana Containerships Panamax Hired by CMA CGM

CMA CGM has hired a 2001-built Panamax of Diana Containerships Inc., for a period of 8 to 11 months. The 3,739 TEU container vessel...

Transit Rates at Suez Canal Slashed for Containers

According to the Middle East Monitor, the Egyptian Government announced that from the 1st of October, transit rates for container vessels will be reduced...

HHI Experiences Work Shortage, Sends Employees on Paid Leave

Hyundai Heavy Industries has employed a paid leave rotation scheme in agreement with its employees to cater for the shortage in work. The system went...

GOGL Announces Acquisition of 2 Modern Capesize Vessels and Termination of Waiver Restrictions

On October 16, Golden Ocean Group Limited announced that it has agreed to acquire two modern Capesize vessels from affiliates of Hemen Holding Limited, a...

MSC Boasts 98% Crew Retention Rate, Offers Sophisticated Training

According to a survey by MSC Shipmanagement, the Cyprus-based unit of MSC Mediterranean Shipping Company, seafarers today are increasingly attracted to sophisticated training, professional...

Maersk Line A/S’ Acquisition of Hamburg Süd Closed

Maersk Line’s acquisition of Hamburg Süd from the Oetker Group was closed on Thursday, the liner company informed. The closure follows the final regulatory approval...

Busan Port’s Trade Volumes to Cross 20Mn TEUs in 2017

In a ceremony on the 26th, Busan Port Authority (BPA, President WOO Ye-jong) thanked employees for their hard work in achieving their goal to...