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 […]
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 […]
The Federal Maritime Commission (FMC) has concluded its review of the proposed “THE Alliance” agreement, allowing it to become effective on December 19, 2016.
“I am very cognizant of the concerns industry stakeholders had regarding provisions in this agreement, particularly those related to information sharing and joint procurement,” stated Federal Maritime Commission Chairman Mario Cordero. […]
Excerpts from Bloomberg:
Hanjin Shipping Co. is hardly a bellwether in the world of container movers. As lenders halt all support this week, the South Korean company is now emerging as a symbol of the slump that has plagued the industry since the global financial crisis.
Creditors led by Korea Development Bank will […]
Hapag-Lloyd AG, Germany’s top container shipping line, and five Asian carriers will form a new vessel-sharing alliance to take on bigger rivals amid a glut in capacity that’s depressed freight rates.
The partners will include Japan’s Kawasaki Kisen Kaisha Ltd., Mitsui OSK Lines Ltd., Nippon Yusen KK, South Korea’s Hanjin Shipping Co. and Taiwan’s Yang […]
Hapag-Lloyd is to merge with UASC. The news follows the Dubai-headquartered carrier being excluded from the new Ocean Alliance announced yesterday.
The merger was first reported online by German monthly business magazine Manager Magazin yesterday, saying “secret negotiations between the two sides are close to a conclusion”.
Hapag-Lloyd has a fleet capacity of around 920,000 […]
Hapag-Lloyd informs, that MV “Spirit of Hamburg” voyage 5153S/5153N suffered an incident while transiting the Panama Canal on its southbound voyage. The vessel has been ordered to anchor for further investigation.
According to the latest information received from the vessel operator the extent of damage requires an immediate repair at Panama. The crew, the vessel […]
Maersk Line is enhancing its service profile for both refrigerated cargoes and dangerous goods shipments.
The carrier is working with AT&T to offer shippers near-real time visibility to track and monitor the condition of 290,000 of its refrigerated containers on almost any leg of their journey through the global supply chain.
At the same time, […]
From an article titled ‘Maersk Line to bring in specialist software to sniff out misdeclared hazardous goods’ in The Loadstar:
Ocean carriers have suffered numerous onboard blazes in recent years, with devastating effects in some cases, including on the 6,750 teu MSC Flaminia in July 2012 which claimed three lives and forced the ship […]
Hapag-Lloyd has ordered 6,000 reefer containers to boost its share of the growing traffic on the South American trades.
The German carrier said it has invested a double-digit sum in the containers, which have a capacity of 12,000 twenty-foot equivalent units, and will be gradually integrated into its fleet starting in the coming weeks.
Reports in the past twenty four hours that Hapag-Lloyd has hired investment banks to advise on an initial public offering and the Singapore government is selling its majority stake in Neptune Orient Lines have refuelled speculation of a merger between the two ocean carriers.
The timing of the – as yet unconfirmed – reports is […]
In an editorial titled ”Olympia keeps local rail upgrades on track,” The Daily News applauds Washington State’s investment in a rail corridor project that will help Longview attract cargo.
The Legislature worked into triple overtime this year, but it did finally deliver our corner of Washington some great news: It committed the state to contributing […]
Hapag-Lloyd said that the labor shortages that continue to impact the Port of Oakland have resulted at times in 2-gang limit allocations per vessel by PMA.
“In addition, yard congestion and overutilization of the local chassis pools have further deteriorated turn times causing import cargo to dwell for both rail and local door,” the company […]
Hapag-Lloyd has ordered five modern container ships from the South Korean shipbuilder Hyundai Samho Heavy Industries (HSHI) for its South American trade. Each of the new ships is 333 meters long, 48 meters wide and has capacity for 10,500 standard containers (TEU). In addition, they are equipped with a highly efficient main engine, an optimized […]
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 […]