Maersk Line has announced plans to build seven new 3,600 teu ships, following an agreement with COSCO Shipyard Co, as part of the company’s new-build investment programme.
“Our strategy is to grow with the market and to do so we need new vessels from 2017. We expect to place additional orders this year,” said Søren [...]
The shipping services arm of China Ocean Shipping, Cosco International reported its profit attributable to equity holders for the year ended 31 December 2014 rose 48.6% year-on-year to HK$359 million ($46.3 million).
Revenue, however, fell 18.5% to HK$7.59bn as contributions from the core shipping services businesses decreased.
Cosco International noted that the overhang of shipping [...]
Excerpts from American Shipper:
Michael A. Khouri
Federal Maritime Commissioner Michael Khouri wants the FMC to request the four major alliances of ocean liner carriers to provide new information on the steps each is taking to reduce congestion at U.S. ports.
“We have received private reports and seen numerous press accounts that the operations of [...]
France’s CMA CGM SA is in talks to build at least three container megaships, joining the race among the top container operators that already use such vessels to increase their market share on the world’s busiest trade routes, people with knowledge of the matter said Tuesday.
The ships would be able to carry around 20,000 [...]
Maersk Line has ceased offering a publicly available Bunker Adjustment Factor (BAF) calculator amid changes to the way its BAF functions, but says the changes are not designed to profit from a slide in oil prices, ShippingWatch reports.
Until recently, Maersk Line’s website included a BAF calculator allowing customers to calculate changes in the box [...]
Horizon Lines news release:
Horizon Lines, Inc. has announced that it entered into and executed an Asset Purchase Agreement (“Agreement”) with Luis Ayala Colon Sucrs. selling certain San Juan, Puerto Rico container terminal assets and assigning its lease with the Puerto Rico Ports Authority effective today, March 11, 2015.
The Agreement follows Horizon Lines’ announcement [...]
”Not only will the shipping costs to the West Coast ports be lower due to the shorter distance traversed, but also due to the increased efficiency of the vessels carrying the cargo,” the UCLA report found.
Excerpts from a Los Angeles Times article titled ‘Ports dispute to have a small effect on economy’:
The Carla Maersk sustained significant damage and had been carrying approximately 216,000 barrels of MTBE.
The Houston Ship Channel fully reopened Thursday morning after a collision between two vessels caused flammable gasoline additive to spill and forced a section of the major waterway to close for three days.
A 4- to 8-mile section of [...]
OOCL parent Orient Overseas International Ltd has posted a net profit of $271m for 2014, compared with the $47m plus achieved the year before, as the carrier benefited from a 10% annual fuel bill reduction as a result of both decreased bunker prices and reduced consumption by its fleet.
The line’s liftings increased by 5.5% [...]
Excerpts from The Militant:
The union succeeded in getting the truth out, explaining how the lockouts, the bosses’ failure to train crane operators and the creation of a chronic shortage of chassis to transport containers were responsible for the growing disruption of trade. Rail bosses exacerbated the situation, prioritizing more profitable oil transport, leading to [...]
Cargo documentation the captain presented did not match the load the ship was found to be carrying, Luis Gonzalez, national director of the Colombian attorney general’s office, told reporters. “Around 100 tonnes of powder, 2.6 million detonators, 99 projectiles and around 3,000 cannon shells were found,” Gonzalez added. This photo of the Da Dan [...]
Maersk Line CEO Soren Skou has said that although ships with capacities of 25,000 TEU are possible, they are not practical, and expects 18,000-19,000-TEU container ships to remain the largest traversing the oceans for years to come.
Skou believes there are no design barriers that would prevent construction of a 25,000 TEU ship. However, he [...]
SeaLand, the hallowed container shipping brand relaunched by Maersk Line in January, sees an opportunity to gain market share in the Latin American lanes resulting from two mergers — between two German container lines and two Chilean carriers.
“Customers don’t want to put all their eggs in one basket, so if they are shipping on [...]
The megaship MSC Sola waits to be off loaded at berth 25 at the Ports of America at the Port of Oakland in Oakland, Calif., on Wednesday, Feb. 25, 2015. (Laura A. Oda/Bay Area News Group) ( Laura A. Oda )
In an article titled ‘Giant ships in West Coast ports’ future,’ Mercury News [...]
Excerpts from a Wall Street Journal with the subheadline ‘West’s terminals seek ways to speed up after labor strife; an Uber-style app helps’:
Port terminals are developing new ways to organize cargo at the docks and systems for getting that cargo moving off the docks as quickly as possible. Software developed by a local technology [...]