News

Taiwan’s Port of Kaohsiung Readies for Growth

Friday Dec 15th 2017

“Taiwan International Ports Corporation has expanded the port of Kaohsiung and added new facilities to advance both container and passenger throughput.” For more, see the original article on Maritime Executive. Source: Maritime Executive (LF)

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Port of Oakland import volume ahead of last year’s pace

Friday Dec 15th 2017

Oakland, Calif. – Dec. 13, 2017: Port of Oakland containerized import volume for 2017 is outpacing 2016 totals despite a pause last month. The Port reported today that imports were up 3.8 percent through the first 11 months of this year. Gains came mostly from the summer-autumn peak season when retailers replenished holiday inventories, the […]

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Maersk Line Pulling Out of TSA

Friday Dec 15th 2017

“Danish container carrier Maersk Line is withdrawing from the Transpacific Stabilization Agreement (TSA) this month as part of its commitments to regulatory authorities made in the context of the acquisition of Hamburg Süd.” For more, see the original article on World Maritime News. Source: World Maritime News (LF)

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CMA CGM launches SERENITY: the Group’s new, innovative and…

Friday Dec 15th 2017

“SERENITY by CMA CGM”, an innovation supporting the Group’s “Customer Centricity” strategy A range of innovative products that goes beyond the transportation of goods CMA CGM, a leader in customer relationship CMA CGM Group, a world leader in maritime transportation, is pleased to announce the launch of “SERENITY by CMA CGM”, an innovative offering to […]

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Moody’s: Carriers’ Consolidation Will Continue into 2018

Friday Dec 15th 2017

“Consolidation, whether through alliances or M&A, will continue apace in the container shipping industry into 2018, according to Moody’s ratings agency.” For more, see the original article at World Maritime News. Source: World Maritime News (LF)

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Bahri Welcomes Abdullah Aldubaikhi As New CEO

Friday Dec 15th 2017

Riyadh, Saudi Arabia – December 14, 2017: To steer the next phase of its growth, Bahri, a global leader in transportation and logistics, has appointed Abdullah Aldubaikhi as the company’s new Chief Executive Officer, effective 01 January 2018. As Bahri’s new CEO, Aldubaikhi will be responsible for setting and overseeing the implementation of Bahri’s core […]

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Yang Ming’s future plans outlined

Friday Dec 15th 2017

Splash 24/7 reports that Taiwan International Port Corp (TIPC), a state-funded terminal operator, has become a shareholder in Yang Ming after converting debt owed by the carrier into an investment. In addition Yang Ming’s closer relationship with TIPC, the future also holds changes to its fleet, according to chairman Bronson Hsieh. For more details, see […]

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Port Houston Continues to Deliver Solid Results

Thursday Dec 14th 2017

HOUSTON – Through November, Port Houston terminals handled nearly 35 million tons of cargo representing a nine percent increase versus the same time last year, Executive Director Roger Guenther announced in his report to the Port Commission of the Port of Houston Authority today, during the last regular Port Commission meeting for the year. The […]

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Chinese Shipbuilders Claim the Throne

Thursday Dec 14th 2017

“Chinese shipbuilders have beaten their Korean counterparts this year having snapped up the biggest share of orders, totaling in 290 vessels, data from VesselsValue shows.” For more, see the original article on World Maritime News. Source: World Maritime News (LF)

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Long Beach: Port Surges Past 2016 Cargo Volume

Thursday Dec 14th 2017

Takes only 11 months to best last year’s 12-month total With just under one month left in 2017, the Port of Long Beach has already exceeded the cargo total for all of last year, and will handle more than 7 million containers for only the fourth time in its 106-year history. A total of 612,659 […]

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Beauport 2020 commercial development Port of Québec proposes…

Thursday Dec 14th 2017

Québec City, Tuesday, December 12, 2017 – The Québec Port Authority (QPA) today announced its plan to build a container terminal at the site of the Beauport 2020 project. This initiative, part of the Beauport 2020 expansion project, is the culmination of a lengthy process by the QPA to identify economic niches with the highest […]

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APM Terminals: US ports need to catch up

Thursday Dec 14th 2017

“North American ports need to use terminal space better, improve peak volume fluidity, and get ships to and out of berth faster if they are to match the efficiency of best-in-class foreign ports as more mega-ships hit the water, APM Terminals’ head of global operations said Tuesday.” For more, see the original article on Journal […]

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Abu Dhabi Ports Signs Fujairah Port Development Deal

Thursday Dec 14th 2017

“Port developer and operator Abu Dhabi Ports has signed an AED 500 million (USD 136.1 million) agreement to develop the Port of Fujairah.” For more, see the original article on World Maritime News. Source: World Maritime News (LF)

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Four feeds for Cosmoship

Thursday Dec 14th 2017

Splash 24/7 reports that Guangzhou Wenchong has received an order from Cosmoship Management for four 1,500-TEU container ships. For more, see the original article. Source: Splash 24/7 (LF)

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Port of Los Angeles sets new record for highest monthly container…

Thursday Dec 14th 2017

SAN PEDRO, Calif. – December 12, 2017 – The Port of Los Angeles moved 924,225 Twenty-Foot Equivalent Units (TEUs) in November, the most containerized monthly cargo the Port has processed during its 110-year history. The previous record of 877,564 TEUs was set in November 2016. Eleven months through 2017, volumes are up 6.3 percent compared […]

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US ports in no rush to follow Shanghai on automation path

Thursday Dec 14th 2017

“The Shanghai International Port Group is taking the costly option of building an automated terminal to handle its growing container volumes or risk losing business to competing ports. But do not expect the automation wave to engulf US marine terminals outside of the major load center ports anytime soon.” For more, see the original article […]

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World’s Largest Containership Fleet Is Here

Thursday Dec 14th 2017

“Danish container shipping giant Maersk Line has cemented its spot as the global leader in the sector with the latest acquisition of German carrier Hamburg Süd.” For more, see the original article on World Maritime News. Source: World Maritime News (LF)

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Maersk’s Focus Switch Challenges Prompt Moody’s Rating Review

Wednesday Dec 13th 2017

“Maersk’s separation of energy companies from its core business might drive its rating downgrade, according to Moody’s Investors Service, which has continued its review of the Baa2 issuer rating and senior unsecured rating of Denmark-based shipping and energy company.” For more, see the original article on World Maritime News. Source: World Maritime News (LF)

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New shipping fund buys first container ships

Wednesday Dec 13th 2017

“Investment company Navigare Capital Partners has acquired three container ships for its shipping fund. The company invests money for three Danish pension funds and the Maersk family.” For more, see the original article on ShippingWatch. Source: ShippingWatch (LF)

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Port of Ghent and Zeeland Seaports merge into North Sea Port

Wednesday Dec 13th 2017

Cross-border merger leads to new European top-10-player. The merger agreement between Zeeland Seaports and Ghent Port Company was signed on Friday 8 December. All eight shareholders of both ports agreed with the merger in recent weeks. The signing took place on a ship that symbolically sailed from Ghent across the Dutch border in the direction […]

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CCO: Hamburg Süd to Boost Maersk Line’s Position in Latin America,…

Wednesday Dec 13th 2017

“Danish container shipping giant Maersk Line will gain ‘a significant position’ in Latin America and Oceania following the recently closed acquisition of Hamburg Süd, Vincent Clerc, Chief Commercial Officer (CCO) at Maersk Line said in an interview with Bloomberg.” For more, see the original article at World Maritime News, or watch the ten-minute interview on […]

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Three more boxships for MPC Container Ships

Wednesday Dec 13th 2017

Splash 24/7 reports that MPC Container Ships continues its fast-paced feeder vessel acquisition with agreements to acquire Vilano, Cap Pasado, and Cap Blanche from Reederei Harmstorf. The deal comes in at just under $32 million and should close by the end of the year. For more details, see the original article at Splash 24/7. Source: […]

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IMO Assembly Adopts Vision and Strategic Directions

Wednesday Dec 13th 2017

“The International Maritime Organization (IMO) Assembly adopted strategic directions and vision for 2018-2023 at its 30th session in London, United Kingdom.” For more, see the original article on World Maritime News. Source: World Maritime News (LF)

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Shanghai unveils world’s largest automated box terminal

Tuesday Dec 12th 2017

Trial operations at Shanghai’s Yangshan Deepwater Port Phase 4 container terminal commenced this weekend, making it the world’s largest fully automated container terminal. The original article at Splash 24/7 includes a video showing the terminal in action. Source: Splash 24/7 (LF) Still images can also be found on China Daily.

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Port of Oakland outlook: buildout will lead to cargo records

Tuesday Dec 12th 2017

Taller cranes, Cool Port, transload center draw closer look from shipping lines Oakland, Calif. – Dec. 8, 2017: Improved infrastructure coupled with new supply chain capabilities should result in record cargo volume at the Port of Oakland. It could also make Oakland a first port of call for container ships visiting the U.S. from Asia. […]

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