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CMA CMA is counting on increased American exports to South China and Taiwan. CMA CGM has announced the July 10 return of the Yang Tse service linking South, Central and North China to the West Coast of the United States. Operated in partnership with Maersk Line and MSC, this service will deploy six vessels of 6,500 [...] Callao is one of many Latin American ports that's undergoing privatization schemes that undermine longshore workers' jobs. Switzerland’s Mediterranean Shipping Company (MSC) has signed a service agreement with Peruvian national ports operator Enapu to allow cheaper tariffs at Callao (”ki-YOW”) port’s Muelle Norte terminal. Enapu’s operations at Muelle Norte will face competition from the nearby Muelle [...] Apart from predicting better times this year and further ahead, it is another date, 2014, that the East Coast US ports have their eye on. That is when the expanded Panama Canal is due to open, and major investments are planned or under way as ports hope to cash in on the potential it will [...] Mediterranean Shipping Company (MSC) signed a 5-year contract renewal for Business VPN, a global IP infrastructure from Orange Business Services. The contract provides MSC an MPLS-based network for 65 sites in 30 countries. To complement the renewal, MSC is participating in a 2-year pilot to test the Maritime Satellite Service, which provides real-time broadband services to [...] Port of Busan South Korea’s biggest port, overwhelmed with empty containers a year ago, is now dealing with shipping lines that have more cargo than they can carry. Surging shipments of furniture, electronics and clothes to the U.S. and Europe, coupled with capacity cuts by shipping lines, has caused as much as 15 percent of [...] With a wallet full of fresh investment capital from ABS Capital Partners, INTTRA is expanding its e-commerce booking services into East Asia with the opening of a new development center in China and a new office in Japan. The company, in which ABS invested $30 million in February to take a majority share from its [...] North German shipowners control 35 per cent of the world’s container vessels, managing many of the ships that facilitated China’s export boom of the past decade. They deal with Taiwanese or Chilean shipping lines or Korean shipyards as readily as Thomas Buddenbrook dealt with trading partners across the Baltic in Riga. As a result, northern [...] MSC ship in Brasil Customers of shipping lines created container shipping’s deepest crisis and contributed to persistent and damaging price instability in the sector, the head of the industry’s second-biggest operator has said. Gianluigi Aponte, chief executive of Mediterranean Shipping Company (MSC), told the Financial Times that every main line would survive the crisis, in [...] After port workers went on strike on Wednesday at Saint Nazaire to protest changes in reforms to workers conditions including privatisation, the country was hit by widespread industrial action as other ports came out in sympathy in a 24 hour stoppage called by the national port union, part of the Confédération Générale du Travail (CGT) [...] The U.S. Federal Maritime Commission, after a 45-day review, has allowed container lines in the Transpacific Stabilization Agreement (TSA) to discuss and coordinate strategies that will reduce air and water pollution, as well as vessel fuel consumption. The CEO of Hanjin Shipping Co. said it will be important for carriers, ports, terminals, regulatory agencies and [...] The MSC Fantasia, completed in 2008, is similar to the new ship to be completed in 2012. It’s official: MSC Cruises is getting another new, 140,ooo-ton vessel to debut in mid-2012. The new cruise ship will have 1,751 cabins — 100 more than the two earlier ships in the class. It’ll carry 3,502 passengers at [...] The big ship MSC Rita called last Thursday as a timely symbol for the Port of Charleston’s determination to rise again in the ranks of East Coast ports. The Rita’s 12-hour port call proves Charleston can do what no other South Atlantic port can — handle a “post-Panamax” ship four years before that standard becomes [...] INTTRA, the carrier-owned portal for ocean-freight bookings, is getting a fresh capital infusion that will enable it to develop new electronic commerce services for new markets. ABS Capital Partners has invested $30 million in INTTRA and is taking a majority stake in it. INTTRA will use these funds to further develop its platform for electronic [...] Ocean container carriers’ share prices rose by an average 19 percent in the past year as growing optimism over a market recovery in 2010 outweighed the impact of record operating losses. The performance of 13 publicly listed shipping companies varied widely, ranging from a gain of 118 percent by Chinese carrier CSCL to a 48 [...] The Carnival Dream will now have two sisters coming soon – the Magic in 2011 and another in 2012 Carnival signed an agreement with Italian shipbuilder Fincantieri to build another sister ship to the newly-released Carnival Dream. The ship will also be built at 130,000 tons, same as the Dream, which gives indication that times [...] |
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