Taiwanese container shipping company Yang Ming Lines announced on Monday it has agreed to start using the installations of Piraeus Container Terminal (PCT), the local subsidiary of China’s Cosco, as a transfer terminal for the wider region of the Mediterranean and the Black Sea, its representative in Greece said.
Arkas Hellas, which represents the Taiwanese [...]
Suez Canal Authority said it controlled a blaze in a British container ship passing the waterway Friday, leaving no human losses.
The fire broke out in a stack of containers towards the stern while the 13,000-teu Hanjin Green Earth vessel was underway 48 km to the south of the canal on Friday evening. The fire [...]
Maersk Tigris seized in Iran. BBC graphic.
Iran’s seizure of a container ship this week stems from a decade-long dispute over 10 shipping containers, officials at Maersk, the Danish shipping giant, said on Thursday.
The United States sent a destroyer to the Persian Gulf on Tuesday in response to the seizure. On Thursday, Col. [...]
Forget faster shipping services and press container lines for better reliability, is the advice from Drewry to shippers prepared to pay a premium for expedited options.
In its Container Insight Weekly, the analyst said Robert Gora, Siemens vice president, global category management logistics, had called on carriers to offer faster services between Asia and Europe [...]
Israel’s Zim Integrated Shipping Services Ltd. is reported to be planning its first newbuilding orders since the financial crash.
Zim president and CEO Rafi Danieli noted that the company has not ordered newbuildings for nearly a decade, having entered the financial crisis with more than 40 containerships on order, most of which were cancelled.
European shippers are stepping up their scrutiny of shipping alliances, launching their own review of the massive vessel-sharing agreements.
Sixteen of the world’s 20 largest container carriers are members of the four so-called “mega-alliances”: 2M, Ocean Three, G6 and CKYHE. And although the alliances received the go-ahead from global regulators, the European Shippers’ Council maintains [...]
Colombia has freed Da Dan Xia, COSCO Shipping’s heavy-lift vessel involved in an illegal arms transport, and has ordered the ship to head to Havana, Cuba, on 21 April.
The ship was detained in Cartagena by Colombian authorities in March this year for carrying illegal weapons. Approximately 100 tonnes of gunpowder, 2.6 million detonators, 99 [...]
The Pasha Group says that the U.S. Department of Justice (DOJ) has cleared its acquisition of the Hawaii trade-lane business of Horizon Lines, Inc. (Horizon). This paves the way for an anticipated final closing before the end of the second quarter.
In becoming part of Pasha, Horizon’s Hawaii business will operate alongside Pasha Hawaii’s existing [...]
Interesting perspective from OOCL CEO in excerpts from a Journal of Commerce article titled ”No escape from ship ordering ‘arms race,’ OOCL head says”
Container shipping lines cannot get out of the large vessel arms race and excess capacity will be a permanent problem, according to Orient Overseas International Ltd. chairman Tung Chee Chen.
The JOC reports that, ”Fritz’s comments poured cold water on industry-wide speculation that shipper frustration with months of West Coast delays could trigger a cargo shift like one following the 10-day lockout of longshore workers on that coast in 2002.” Photo shows Ports of Los Angeles and Long Beach.
Union Pacific Railroad on Thursday [...]
Hapag-Lloyd said since its merger with CSAV, Latin America represented more than a third of its total transport volumes versus around 22 percent previously – with the group among the top four lines in the region.
Ship container line Hapag-Lloyd has placed an order for five vessels as it looks to bolster trade in [...]
A container ship carrying a grade A hazardous cargo ran aground in Egypt’s Suez Canal on Saturday morning, the canal authority confirmed, delaying traffic for several hours through one of the most important trade routes in the world.
Sources in the canal authority said another ship in the same convoy, the Liberian-flagged Margaret Oldendorff, had [...]
“There will be a positive bottom line this year,” says Rafi Danieli, CEO of Zim Integrated Shipping Services, the Israeli ocean carrier that is finally emerging from seven straight years of mounting losses and a multibillion-dollar restructuring that saved it from bankruptcy.
In an interview with JOC.com in London, the 37-year Zim veteran exudes confidence [...]
Samsung Heavy Industries set a new record for the world’s largest container ship order this week with the signing of a deal to build six 21,100-teu container ships from OOCL.
The order of six ultra-large container ships from the Hong Kong-based shipping giant was finalised on April 1 and is valued at about US $950-million.
Global schedule reliability improved by nearly 5 percentage points from January to February according to SeaIntel’s latest industry-leading Global Liner Performance report. On-time performance increased to 72.2% in February (based on 9,931 vessel arrivals. Data from INTTRA shows that container delivery increased to 54.2% in February from 49.1% in January, based on 2.8 million [...]