Disclaimer

The articles excerpted on this site report on the state of the industry as seen by mainstream media, and do not necessarily reflect the opinion of the officers of the ILWU Coast Longshore Division.

Port of Los Angeles and GE's 'digitized maritime shipping' partnership launches

GE Transportation has issued a news release on the project, excerpted here:

Last November, GE Transportation and the Port of Los Angeles announced a partnership to develop a first-of-its-kind digital solution to keep cargo flowing efficiently through America’s largest container port. Since, the partners have been working together to build a platform that digitizes maritime […]

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Container shipping lines ordered to testify in U.S. sector probe

From Reuters:

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 […]

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HMM consortium with 2M officially launches

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 […]

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Port of Seattle gives go-ahead to sale of bankrupt Hanjin’s local operations

From the Seattle Times:

After a brief spat, the Port of Seattle has dropped its objection to the sale of bankrupt Hanjin’s operations at Terminal 46 west of the stadiums.

The Northwest Seaport Alliance, which controls the ports of Seattle and Tacoma, said Friday it had struck a deal with the proposed new owners […]

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Seattle pushes for bond for former Hanjin terminal

Excerpts from the Journal of Commerce:

The Port of Seattle wants a financial guarantee for Terminal 46 lease payments.

The Northwest Seaport Alliance is attempting to block the sale of a terminal once owned by now-defunct Hanjin Shipping unless Mediterranean Shipping Co., the buyer, posts a security bond to protect the interests of the Port […]

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Container shipping costs skyrocket after Hanjin collapse

From Hellenic Shipping News:

Container shipping costs, which radically plunged, now shows signs of recovery after the fall of Hanjin Shpiping Co. The strategy of Maersk Line, the world’s largest shipping group which cuts down shipping fees until its competitors fall down and pick fruit when they are liquidated, seems to be working. As […]

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Bankrupt shipper Hanjin selling terminal operations at Port of Seattle

From the Seattle Times:

South Korea’s Hanjin Shipping, one of three major companies that calls on Seattle’s Terminal 46 near the stadiums, filed for bankruptcy protection at the end of August, worrying local retailers about the fate of their cargo. Hanjin had been delivering about three major shipments per week to the Port — nearly […]

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Hanjin Shipping inks deal to sell Port of Long Beach terminal to MSC

Hanjin Shipping Co. has signed a contract to sell its stake in the largest terminal at the Port of Long Beach to Mediterranean Shipping Co.

Hanjin, which was South Korea’s largest cargo container carrier and the seventh-largest in the world before its Aug. 31 bankruptcy filing, owns 54 percent of the company that operates Long […]

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Hyundai Merchant no longer considered for 2M Alliance, Maersk says

From the Wall Street Journal:

Maersk Line, the senior member of the world’s largest container-shipping alliance, has said it is no longer considering Hyundai Merchant Marine for membership in the group, dealing a major blow to the troubled Korean shipping company.

The so-called 2M Alliance—made up of Maersk and Mediterranean Shipping Co.—moves a third of […]

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Container ship Hanjin New York dragged anchor and collided with MSC Claudia off Singapore

From the Maritime Herald:

The container ship Hanjin New York dragged anchor and collided with container carrier MSC Claudia off Singapore. The both vessels were anchored, but under the strong winds the Hanjin-owned vessel dragged anchor and smashed into the bow of the MSC vessel. Following the collision, a dozen containers fell from Hanjin New […]

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Striking Santos dockers accuse terminals of using foreign labor

Striking dockworkers at the Port of Santos, Brazil.

From Journal of Commerce:

Angry dockers in Santos that are disrupting operations at four Santos container terminals have stepped up their rhetoric ahead of a decision from a regional labor court by claiming foreign workers are handling cargo.

A statement from a lawyer representing Sindestiva said […]

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Maersk and MSC add transpacific services in wake of Hanjin bankruptcy

Maersk Line and MSC, who make up the 2M network, have moved to snaffle up business that was previously controlled by defunct Hanjin Shipping.

Maersk Line is introducing a new service between Asia and the United States West Coast starting on 15 September. The TP1 service will be calling Yantian, Shanghai, Busan and Los Angeles/Long […]

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Liners leaning more on terminal relationships

From the Journal of Commerce:

Maersk isn’t the only carrier with a terminal relationship [with APM Terminals], with its three closest rivals all involved in the port business — essentially bolt-ons to their core container businesses and with much lower profiles. Mediterranean Shipping Co. owns 65 percent of Terminal Investments — U.S.-based Global Infrastructure Partners […]

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Hyundai Merchant Marine joins Maersk and MSC in 2M Alliance

Hyundai Merchant Marine (HMM) has signed on to join the 2M alliance from April next year.

HMM will join Maersk and MSC in the vessel sharing partnership, marking the latest sign that the Korean line is finally coming out of its financial woes.

HMM added that it has now completed all conditions set out in […]

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Evergreen containers new to Rupert port

From The Northern View:

New evidence that container shipping lines are choosing Prince Rupert has popped up recently, with the shipping line ‘MSC’ and a new brand of containers coming through the gateway in late 2015 and now in early 2016.

MSC (part of the 2M Alliance consisting of Maersk Line and MSC) has serviced […]

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