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Hanjin Shipping Company Ltd. will not be building a $300 million container shipping terminal at the Port of Jacksonville, Jacksonville Port Authority Interim CEO Roy Schleicher said Thursday morning. Weakness in the economy caused the project’s demise, not the 47-foot dredging depth planned for the St. Johns River shipping channel, which Jaxport voted to pursue [...]  Terminal Link, a wholly owned subsidiary of Marseilles-based CMA CGM, operates 15 container terminals in France, West Africa, the U.S. and Canada as well as Malta Freeport, a major Mediterranean transhipment hub. Graphic from Loadstar. French ocean carrier CMA CGM has agreed to sell a 49 percent stake in its Terminal Link ports unit [...] The Port of Los Angeles has announced $31.3 million of improvements to the shoreside power infrastructure at its Yang Ming and Yusen container terminals, which is says should be completed by December 2013. The project will see the port’s cold ironing alternative marine power (AMP) systems being constructed at Berths 121-126 (Yang Ming), and the [...]
KMCT, located in Kaohsiung, southwest Taiwan, was set up as a build-operate-transfer (BOT) project between the Port of Kaohsiung Intercontinental Container Terminal BOT, Kaohsiung Harbour Bureau and Yang Ming, reported Cargo News Asia. Ports America International Holdings Cooperative, an affiliate of US terminal operator Ports America Group, will buy a 10 percent stake in Taiwan’s [...] Container shipping lines in the Westbound Transpacific Stabilization Agreement have announced further rate hikes for dry and reefer cargoes to boost revenues on U.S.–Asia lanes. The WTSA is recommending a dry container rate boost ofUS$50 per 40-foot container (FEU) from the Pacific Southwest ports of Los Angeles, Long Beach and Oakland from May 15. From [...] Ocean carriers could face a short-term funding call of up to $20 billion in 2012 as they are not generating sufficient cash to cover interest payments and meet capital requirements, according to container market analyst Alphaliner. Most carriers appear to have successfully weathered the market downturn in 2011 but “a number of them continue to [...] A.P. Moeller-Maersk A/S, owner of the world’s biggest container shipping line, and 14 other carriers will seek a peak-season surcharge two months later than previously scheduled amid weaker-than-expected demand. The shipping lines will ask customers to pay an additional fee for cargo to the U.S. from Asia, the 15-member Transpacific Stabilization Agreement said in an [...] The Economic Daily News reports that Evergreen plans to build 10 9,000-9,200 TEUs (twenty-foot equivalent units) container ships, instead of 8,000 TEUs as originally planned, while Yang Ming is in talk with shipbuilder for building 13,000 TEUs container ships. The plans are in compliance with the growing prevalence of large-scale ships in the global shipping [...] The China Shipping Terminal Expansion at the Port of Los Angeles includes dozens of environmental measures to reduce air emissions. Click on the image for details. China Shipping celebrated the completion of a major phase of its terminal expansion project at the Port of Los Angeles, adding a new 925-foot section of wharf, 18 [...] The CKYH alliance among Cosco, “K” Line, Yang Ming and Hanjin Shipping is restructuring and upgrading its all-water services from Asia to the U.S. East Coast later this month. The alliance, which operates five weekly loops (AWE-1 through AWE-5), said Monday it will increase the capacity of the ships on the AWE-5 service and change [...] Hanjin Shipping and Yang Ming are adding a new joint weekly service to their networks between Asia and the Pacific Northwest, starting April 22. Hanjin and Yang Ming, partners in the CKYH Alliance together with Cosco and “K” Line, will deploy five ships with capacities of 4,300 20-foot equivalent units of containers. Yang Ming will [...] A container from the Med Taipei, and one of an estimated 10,000 containers lost at sea each year. On 25 February 2004, the container ship Med Taipei was caught in 9-metre swells off Monterey bay in central California, heading south for the port of Los Angeles. That night, 15 of its containers broke free [...] In tandem with the inauguration of the sixth container terminal of Kaohsiung Harbor, Yang Ming Marine Transport Corp. will build six to nine 12,600-TEU container ships at a cost of over NT$20 billion, reported the chairman of the company. The shipbuilding plan has been determined after the company has got hold of sources for sufficient [...] Yang Ming to invest in 30,000 TEU Yang Ming Marine Transport Corp., one of Taiwan’s leading shippers, said Thursday it is planning to spend more than NT$2 billion (US$68.56 million) to buy containers in 2011, expecting rising demand for cargo delivery. The plan, which its board approved at a meeting Wednesday, includes buying 30,000 [...] Asia-US shipping volumes may rise 12 percent this year, the TSA said. AP Moeller Maersk, the world’s largest container line, and 14 other shipping companies agreed to seek rate increases of US$400 per 40-foot box on Asia-US west coast routes next year as the rebounding global economy revives cargo demand. The planned increase is [...] |
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