International Transport Workers’ Federation news release:
A four-strong team of representatives from ITF (International Transport Workers’ Federation) unions today committed to continued dialogue with AP Møller-Mærsk at the company’s AGM in Copenhagen.
The union members were at the event to deliver a progress report on the continuing dialogue between the company and unions established by […]
Chinese state firms have expressed an interest to develop land around the Panama Canal, the chief executive of the vital trade thoroughfare said, underlining China’s outward push into infrastructure via railways and ports around the world.
The Panama Canal Authority will officially open a tender to develop about 1,200 hectares of land – roughly the […]
Port of Oakland officials said this week that they expect to take on upcoming changes to container shipping alliances with little disruption. The news should be welcomed by importers and exporters fearful of fallout as ocean carriers switch partners next month.
“We’ve spoken to the shipping lines, we’ve spoken to our marine terminal operators and […]
The U.S. Justice Department has ordered top executives from several container shipping lines to testify in an antitrust investigation over practices by an industry that is the backbone of world trade, the companies said on Wednesday.
The world’s biggest container group, Denmark’s A.P. Moller-Maersk, together with second largest line MSC of Switzerland, Germany’s […]
Hyundai Merchant Marine officially signed a deal with the world’s largest shipping alliance, a move that is expected to grant the company more vessel capacity on its service routes and a way to improve its financial health, the company said Thursday.
HMM CEO Yoo Chang-keun and heads of the 2M alliance, Soren Skou of Danish […]
Excerpts from the Journal of Commerce:
As carriers begin extricating themselves from their current vessel sharing agreements and reposition ships in preparation for the launch of the new Ocean Alliance and THE Alliance on April 1, an analysis of the new networks has revealed a surprising loss of direct port connections.
Now that the complete […]
On April 01 ‘THE Alliance’ of Hapag- Lloyd, ‘K’Line, MOL, NYK and Yang Ming, will launch 32 liner services to 75 major ports on trade lanes connecting Asia with the Indian Subcontinent, Middle East, Europe, North and Central America and the Caribbean.
And reminded of the sudden demise of Hanjin Shipping last August, they have […]
Global shipping giants reportedly are reluctant to place orders and are postponing the delivery of completed container ships because vessels that were chartered by the nation’s once-largest shipping line have been released into the market at lower prices.
According to industry sources on Sunday, the world’s largest shipping line, Maersk Line, placed a $1.1 billion […]
Excerpts from DC Velocity:
Intermodal chassis leasing firm Direct ChassisLink Inc. (DCLI) said today it acquired all 11,000 marine chassis owned by the North American arm of Japanese liner shipping company Nippon Yusen Kaisha Inc. (NYK) that were operated on the U.S. mainland.
The 11,000 units will be placed in pools managed by Consolidated […]
Table by Drewry
From Marine Log:
The latest Container Insight Weekly from Drewry Shipping Consultants Ltd. says that newbuilding deferral offers the container industry a golden opportunity to smooth out the capacity peaks in the coming years.
Drewry points to the dire state of the shipbuilding industry where “nobody is ordering vessels, of any […]
Excerpts from the Portland Tribune article subtitled ‘Terminal 6 lease terminated early; Elvis has left the building’:
The deadlock at the Port of Portland’s underused Terminal 6 just got a little closer to ending.
The Port and the company that runs the Terminal, ICTSI Oregon, have parted ways.
The two have mutually agreed to terminate […]
From the Pacific Business Journal:
Matson Inc., Hawaii’s largest shipper, reported fourth quarter net income of $19.4 million, or 44 cents per diluted share, compared to $26.6 million, or 60 cents per diluted share, for the comparable quarter in 2015.
Matson attributed the lower earnings for the quarter to an increase in bunker fuel prices […]
From World Maritime News:
Danish shipping giant Maersk Line is scheduled to receive the EU antitrust regulator’s decision on the company’s plan to purchase the Germany-based Hamburg Süd by March 27, according to Reuters.
The deal, reached at the beginning of December 2016 amid a consolidation period in the industry, was filed to the European […]
Excerpts from an article titled ”’Shotgun start’ of new alliances to test port productivity” in the Journal of Commerce:
Concern is growing that major US gateways won’t be able to handle the overnight changes that will occur at marine terminals when new ocean carrier alliances take effect on April 1. A new bout of congestion […]
From The Loadstar:
Maersk Line is to postpone delivery of nine newbuild 14,000 teu ‘utility’ ships with the last vessel to be received at the end of 2018, instead of at the end of this year.
Maersk Line says it does not need the ships as it is able to charter vessels of this […]